콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Economic Administration

Print

Trust and economic development : Comparison of subcontracting relations among Korea, Japan and Taiwan

Related Document
Frame of Image
  • Trust and economic development
  • Lim, Haeran
  • Seoul National University(Graduate School of Public Administration)


link
Title Trust and economic development
Similar Titles
Sub Title

Comparison of subcontracting relations among Korea, Japan and Taiwan

Material Type Articles
Author(English)

Lim, Haeran

Publisher

[Seoul]:Seoul National University(Graduate School of Public Administration)

Date 2000
Journal Title; Vol./Issue Korean Journal of Policy Studies:vol. 15(no. 1)
Subject Country South Korea(Asia and Pacific)
Taiwan(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Holding Seoul National University

Abstract

This study examines the link between trust and economic development by focusing on subcontracting relations and comparing institutional sources of trust among Korea, Japan and Taiwan. Korea and Japan show similarities that trust was based on institution, whereas trust may be a product of culture as well as that of institution in Taiwan. In contrast to Taiwan and Japan, the Korean subcontracting relations between the Les(Large Enterprises) and the SMEs(Sma1l And Medium Enterprises) have been exploitative and noncooperative ones without trust, and the Korean economy has the dual structure of strong LES and weak SMEs. The persistent weakness of the SMEs in Korea could be attributed to institutional defects, resulted from the political coalition between the governent and the LES, excluding the SMEs. To increase the level of trust in subcontracting relations, institutional setting such as monitoring and sanctioning system needs to be established. Building effective institutions requires genuine understanding of the importance of the SMEs in the economy.