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The role of government in economic development : A comparative study between Bangladesh and South Korea

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  • The role of government in economic development
  • Parnini, Syeda Naushin
  • Macrothink Institute


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Title The role of government in economic development
Similar Titles
Sub Title

A comparative study between Bangladesh and South Korea

Material Type Articles
Author(English)

Parnini, Syeda Naushin

Publisher

[Vegas, U.S.]:Macrothink Institute

Date 2011
Journal Title; Vol./Issue Journal of Public Administration and Governance:vol. 1(no. 1)
Pages 22
Subject Country Bangladesh(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Government and Law < Public Administration
Holding Macrothink Institute

Abstract

In East Asia the government of each country has played a decisive role in state development by engineering economic miracle. South Korea has dramatically been transforming its economy and managing development of the most important public and private enterprises since 1960s. South Korean government provided a favourable institutional framework by prioritizing industrial growth, within which the private sector could flourish. All these unique features are obviously the basis of Asian version of capitalism. The unique Asian variety of capitalism is mostly linked with the industrial policy debate where the government plays an active and paternal role in guiding the economy and society. (The rest omitted)