This Thesis is designed to established a resonable viewpoint about so called “economic democratization” in Korea.
Economics is a broad-ranging discipline, both in the questions it asks and the methods it uses to seek answers. This article is intended to give authors some idea of the sorts of issues that economic analyse helps to clarify and kinds of solutions that constitutional principles suggest.
Although economic science can contribute theoretical and factual knowledge on a particular issue, the final decision on policy questions often rests on information that is not currently available or on social values about which people differ.
By embarking on export-oriented industrialization policy in the 1960s, the Korean state fostered capital concentration and repressed labor demands. After two decades of economic authoritarianism, political democratization in the late 1980s offers a brighter prospect for the democratization of the economy.
Nonetheless, the prospect remains imperiled by the consequences of past policy.
An Economic Theory of Democracy is a political science treatise written by Anthony Downs, published in 1957. The book set forth a model with precise conditions under which economic theory could be applied to non-market political decision-making. General causes include systemic forces like democratization and economic development; specific causes, however, vary for different countries.