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The nexus of political institutions and economic development : The case of Zambia and South Korea

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  • The nexus of political institutions and economic development
  • Aggesen, Christina; Hahm, Yeeun; Uldall Thomsen, Marie
  • Roskilde University


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Title The nexus of political institutions and economic development
Similar Titles
Sub Title

The case of Zambia and South Korea

Material Type Theses
Author(English)

Aggesen, Christina; Hahm, Yeeun; Uldall Thomsen, Marie

Publisher

[Roskilde, Denmark] : Roskilde University

Date 2014-08
Subject Country Zambia(Africa)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Government and Law < Political Science
Holding Roskilde University
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Abstract

The aim of this paper is to investigate the causal link between political institutions and economic growth in developing countries. We investigate what criteria are necessary to form sustainable political institutions, and what policies were taken to build a sustainable economy. We seek to investigate the nexus by using a comparative case study of Zambia and South Korea. The data collection is composed by qualitative data of on multiple sources of evidence and is based on area studies within the timeframe of post-World War II to post-millennium. We make use of two prominent theories to explain the correlation; the theory of economic institutionalism and the concept of state autonomy and intervention. We conclude that inclusive political institutions are crucial to the prospect of economic growth. Moreover, we conclude that reinvestment of revenue in the industry is the foundation of building strong economies