Title: Learning, institutions and Korea's FDI policy compared with Japan
Abstract: The basic assertion of this thesis is that policy makers' belief systems and economic
institutions have to change their structures and contents as the nation's economic
developmental stage is upgraded. Put differently, a state's economic performance or
achievement of economic objectives will be facilitated if there is no cleavage or
conflict among economic policy, economic belief systems, and economic institutions.
This means that the utility of the developmental state is valid until a nation's economy
is in a take-off position. Persistent developmentalism after this stage will result in
developmentalism losing its validity and becoming a main obstacle for further
economic development. At this time, more liberalised economic policies which are
not only supported by changed belief systems and institutions but also compatible
with the neo-liberalising international political economy are needed. In other words,
this thesis does not seek to answer the question 'which is the better strategy for
economic development between developmentalism and neo-liberalism?' but
emphasises the importance of the proper timing of transition from developmentalism
to a liberalised and deregulated economy which is compatible with a mature civil
society and the neo-liberalising international political economy.
Publication Year: 2000
Publication Date: 2000-07-01
Language: en
Type: dissertation
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