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Economic governance and poverty reduction in South Korea

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  • Economic governance and poverty reduction in South Korea
  • Henderson, Jeffrey; Hulme, David; Phillips, Richard; Kim, Eun Mee
  • The Pennsylvania State University


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Title Economic governance and poverty reduction in South Korea
Similar Titles
Material Type Reports
Author(English)

Henderson, Jeffrey; Hulme, David; Phillips, Richard; Kim, Eun Mee

Publisher

[Pennsylvania]:The Pennsylvania State University

Date 2002-08
Pages 45
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Economy < General
Holding The Pennsylvania State University

Abstract

In this paper we examine the links between economic governance, viewed as the structure and practice of economic policy-making and management, and poverty elimination efforts. By examining the qualitative and historical links making up the economic governance-poverty nexus in South Korea, we extend the line of research broached by Evans and Rauch (1999) to consider the relation of Korea's capacities for economic governance to the incidence of poverty and inequality there. Based primarily on field interviews with past and present officials in the economic and social bureaucracy, as well as with relevant academics and civil society associations, this research finds that with democratisation, and particularly during the Kim Young Sam administration (1993-97), the growing flirtation with neo-liberal economics (for various reasons and from various sources) resulted in the abandonment of strategic economic planning, and with it, the further marginalisation of concerns with inequality and social welfare within the economic bureaucracy. (The rest omitted)