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The role of law and legal institutions in Asian economic development : The case of Korea patterns of change in the legal system and socio-economy

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  • The role of law and legal institutions in Asian economic development
  • Shin, Kwang Shik; Chang; Seung Wha
  • Harvard Institute for International Development


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Title The role of law and legal institutions in Asian economic development
Similar Titles
Sub Title

The case of Korea patterns of change in the legal system and socio-economy

Material Type Reports
Author(English)

Shin, Kwang Shik; Chang; Seung Wha

Publisher

[Cambridge]:Harvard Institute for International Development

Date 1998-10
Series Title; No Development Discussion Papers / 681
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Government and Law < Laws and Legislation
Holding Asian Development Bank

Abstract

This paper is part of a collaborative research project entitled The Role of Law and Legal Institutions in Asian Economic Development (1960-95) sponsored by the Asian Development Bank. The study included six Asian countries: People’s Republic of China (PRC), India, Japan, Republic of Korea, Malaysia, and Taiwan,China. Oxford University Press is publishing the comparative report. The key question addressed by this paper is whether law had a positive impact on economic development in Korea. Following a methodology that was developed for all six country studies, the authors divided the 35 years into major policy periods: the period of export-led growth (1961-73); the Heavy and Chemical Industry Drive (HCID) (1973-79); consolidation, stabilization, and a return to export-led growth (1980-85); and liberalization and globalization (1985-95). (The rest omitted)