콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Economic Administration

Print

"MBnomics" : A review and the road ahead

Related Document
Frame of Image
  • "MBnomics"
  • Jwa, Sung-Hee
  • International Council on Korean Studies


link
Title "MBnomics"
Similar Titles
Sub Title

A review and the road ahead

Material Type Articles
Author(English)

Jwa, Sung-Hee

Publisher

[Washington, D.C.]:International Council on Korean Studies

Date 2008
Journal Title; Vol./Issue International Journal of Korean Studies:vol. 12(no. 1)
Pages 18
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Holding ICKS

Abstract

This paper reviews the first six months of MBnomics - its strengths, weaknesses, accomplishments and failures, along with suggestions for improvement. Throughout, the paper stresses the unevenness and lopsided nature of economic development which is viewed as the result of economic resources joining and concentrating towards competent, viable economic entities. Such an evolutionary process not only makes economic activity possible, but also leads to individual agents’ and national economic development. After reviewing Korea’s developmental experience over the past 4 decades, I argue that Korea needs to move away from the egalitarian policies of the past 15 years (the so-called “Egalitarian Trap”) by learning from the earlier decades of high growth and economic development when the flow of resources to economically competent agents and regions was encouraged under highly discriminatory policies. (The rest omitted)