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By Ilcheong Yi

This research of South Korea's improvement event can current classes for improvement within the twenty first century. Situating the improvement adventure of South Korea in the framework of the aptitude improving country, this quantity examines the empowering associations and regulations of South Korea among 1945 and 2000.

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Additional info for Learning from the South Korean Developmental Success: Effective Developmental Cooperation and Synergistic Institutions and Policies

Example text

However, the problem in developing countries that was highlighted by Baran (1957) was that the capitalist and other recipients of the economic surplus in the form of rents or interest would either wastefully and conspicuously consume the surplus or simply expatriate it abroad. And so within this framework, the big questions are: How does one transfer the surplus to capitalists and how do we ensure labor’s acquiescence to this shift? How do we ensure that corporate savings are reinvested in developmental activities?

The need for it can arise for a whole range of reasons, including equity, exploitation, efficiency and social inclusion, and has been used under various political 24 Learning from the South Korean Developmental Success regimes for different political reasons. In social democracies, it has been used as a tool for equity (equal pay for equal work), but also as an instrument for promoting efficacy and for restructuring the economy toward more profitable sectors or industries as wage compression pushes out less efficient producers and favors high-productivity firms.

5. Krueger (1982); Krueger et al. (1989); Cassen and Associates (1994); Fritz and Menocal (2007). Part I 2 Lessons from the Social Policy and Development of South Korea: An Interrogation Thandika Mkandawire Introduction This chapter is not about the social policies of South Korea. Rather, it is an attempt at interrogating the South Korean experience with social policy with the view of distilling some lessons for developing countries. The perspective is obviously developmentalist in the sense that it is concerned with the role of social policy in development trajectories such as that traversed by South Korea during the last half-century or so.

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