The political economy of defense procurement and acquisition: The case of South Korean ministry of defense

2000 ◽  
Vol 29 (2) ◽  
pp. 65-82
Author(s):  
Seung Keon Kim
Keyword(s):  
Political Economy ◽  
The Political ◽  
Defense Procurement ◽  
South Korean ◽  
Korean Ministry

The Evolution of South Korea's Rural Institutions: The Political Economy of Export Promotion and Market Protection

2007 ◽  
Vol 7 (1) ◽  
pp. 61-92 ◽  
Author(s):  
Daniel A. Pinkston
Keyword(s):  
Political Economy ◽  
Institutional Arrangement ◽  
Industrial Sector ◽  
Export Promotion ◽  
The Political ◽  
The South ◽  
South Korean ◽  
Market Protection ◽  
Efficient Resource ◽  
The 1960S

South Korea's economic takeoff in the 1960s triggered a scholarly debate over the causes behind its economic growth. Neoclassical economists and “statist” scholars focused on government policies toward the industrial sector, but as this article shows, they have neglected to consider the political economy behind the government's targeting of the agricultural and livestock sectors for export promotion. In fact, the South Korean government's support of export-led growth—aimed at the rural sector as well as industry—transformed the nation's agricultural and livestock institutions from instruments of development and export promotion into protectionist mechanisms. This article discusses how complete market liberalization would have resulted in more efficient resource allocation and reveals how political considerations affected the institutional arrangement in the South Korean countryside and the subsequent liberalization of agricultural and beef markets.

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