Product details

By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them.
You can change your cookie settings at any time but parts of our site will not function correctly without them.
Published by: INSEAD
Originally published in: 2003
Version: November 2003

Abstract

This case provides contextual information for understanding how South Korea created the conditions for fast economic growth that led the country from the world''s poorhouse in the 1950s to OECD membership in 1996. Focus is on the changing incentive structure for business in the 1960s and the underlying political developments. The case illustrates two main points: (1) that there are close and interdependent connections among politics, the institutional business environment (''rules of the game''), and economic growth and development; and (2) that constructing good economic institutions requires political actors with the power, will, and skill to do so.
Location:
Size:
1392 to the present
Other setting(s):
Focus on events in early 1960s

About

Abstract

This case provides contextual information for understanding how South Korea created the conditions for fast economic growth that led the country from the world''s poorhouse in the 1950s to OECD membership in 1996. Focus is on the changing incentive structure for business in the 1960s and the underlying political developments. The case illustrates two main points: (1) that there are close and interdependent connections among politics, the institutional business environment (''rules of the game''), and economic growth and development; and (2) that constructing good economic institutions requires political actors with the power, will, and skill to do so.

Settings

Location:
Size:
1392 to the present
Other setting(s):
Focus on events in early 1960s

Related