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The role and effects of efficacy in socioeconomic development and foreign direct investment : A comparative study of South Korea and Singapore

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  • The role and effects of efficacy in socioeconomic development and foreign direct investment
  • Rautakivi, Tuomo
  • Taylor & Francis Group


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Title The role and effects of efficacy in socioeconomic development and foreign direct investment
Similar Titles
Sub Title

A comparative study of South Korea and Singapore

Material Type Articles
Author(English)

Rautakivi, Tuomo

Publisher

[Abingdon, U.K.]:Taylor & Francis Group

Date 2014-09
Journal Title; Vol./Issue Journal of Organisational Transformation & Social Change:vol. 11(no. 3)
Pages 17
Subject Country Singapore(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Economy < Direct Investment
Government and Law < Public Administration
Holding Macrothink Institute

Abstract

There is a sizable amount of research and explanation concerning the rapid and sustainable development of newly industrialised countries (NIC) in Asia. This article seeks to create a deeper understanding of the relationships between the governmental sector, the economic sector, and the social sector in the Asian political arena. As such, it will explain how policies pursued in selected countries could have impacted the economies of the so-called ‘tiger’ or ‘dragon’ countries. In addition, the study will show how governmental efficacy is connected with socioeconomic development by means of comparing, as exemplars, South Korea and Singapore, in the period 1960–2007. The investigated period experienced heightened socioeconomic development in South Korea and Singapore. (The rest omitted)