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Developmental administration in Korea based on the effect of sociological and historical : Focused on the function of state and market

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  • Developmental administration in Korea based on the effect of sociological and historical
  • Yun, Eun Gee
  • Korean Association for Local Government Studies


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Title Developmental administration in Korea based on the effect of sociological and historical
Similar Titles
Sub Title

Focused on the function of state and market

Material Type Articles
Author(English)

Yun, Eun Gee

Publisher

[Busan]:Korean Association for Local Government Studies

Date 2015
Journal Title; Vol./Issue The Korean Journal of Local Government Studies:Vol. 19(No. 3)
Pages 18
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Link
Subject Economy < Economic System
Government and Law < Public Administration
Holding Korean Association for Local Government Studies

Abstract

The system of fair markets does not operate in developing states. Government intervention as a complement to markets can be regarded as the role of human capital. The appropriate balance of state versus market is significant to developing countries. Developing states may not be expected to have the social conditions of a successful free market such as industrialized countries. It can be argued that state intervention may fundamentally be necessary in developing fair markets. It was a regulated state in South Korea that had actively promoted the process of industrialization through subsidies, tax incentives, and tariff protection. State agencies can essentially complement the market under the reasonable role and function of government. Asian countries such as South Korea have exerted greater government control over markets. (The rest omitted)