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Government, big business, and crises : The Korean experience of economic development

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  • Government, big business, and crises
  • Sanidas, Elias
  • All Occasions Management Group


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Title Government, big business, and crises
Similar Titles
Sub Title

The Korean experience of economic development

Material Type Articles
Author(English)

Sanidas, Elias

Publisher

[Adelaide]:All Occasions Management Group

Date 2012
Pages 34
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < General
Government and Law < General
Holding All Occasions Management Group

Abstract

The aim of this paper is to link together government and big business, as well as organizations and institutions, which all contribute to economic development, in a balanced way similar to that expressed by the Korean flag: Ying and Yang forever have their positive and negative interaction on the Korean economy and society. This dynamic evolutionary balance can be seen in many aspects of the Korean society and has been the result of three major forces. First, a political regime prevailed after World War II that exhibited high levels of vision and effectiveness in pursuing social and economic reforms and policies. Second, there was an exceptional ability to execute the five-year plans as set out by the government. (The rest omitted)