Publications (33)

This paper examines the questions of why and how foreign assistance was utilized successfully in South Korea but less so in Ghana, with a focus on the role of aid in the process of state building and state transition in these two countries. Before the 1960s, South Korea and Ghana shared...

The aim of this paper is to explain the divergent developmental outcomes between South Korea, Taiwan, and South Vietnam. Whilst US aid has correctly been cited as key factor in explaining the rapid post-war development of South Korea and Taiwan, the ultimate failure to establish strong institutions...

An elite derives its status from its relationship to property, whether physical or human capital. While stable property rights are necessary for everyday business, unstable property rights that result in major institutional changes (such as land reform) may have a positive impact on economic...

This paper discusses the development of Korean communities in Japan from their origins in the late nineteenth century through their stabilization following the Second World War. Approaching the developing communities from a spatial perspective, the chapter compares Tokyo and Osaka and shows the...

This piece synthesizes the development strategies of Korea, Malaysia, Thailand and Vietnam and draws some relevant lessons. Using a complex adaptive systems approach, strategic openness, a set of heterodox macroeconomic policies, creation of institutions for productive investment in both agriculture...

There is some scepticism about Korea as role model of development as the Korean model involved a considerable degree of state activism, unacceptable in today’s global environment. This paper propose a ‘capability-based view’ of the country’s catch-up development, arguing that the real lesson from...

We provide a novel empirical analysis of the South Korean credit market that reveals large volumes of excess credit since the late 1970s, indicating that a sizeable proportion of total credit was being used to refinance unprofitable projects. Our findings are consistent with theoretical literature...

This paper looks into the interrelation between economic growth, inequality, and poverty. Using the notion of pro-poor growth, this study examines to what extent the poor benefit from economic growth. First, various approaches to defining and measuring pro-poor growth are scrutinized using a variety...

We examine the relationship between the directly observable indicator of new technology, ICT investment ratio, and skill upgrading by analysing changes in employment and wage structure of 25 Korean industrial sectors over the 1993-99 period. The results show that there has been little relationship...

The emergence of a select group of developing countries as destinations for private portfolio investment in the 1990s (and the subsequent peso crisis in Mexico in 1994) has rekindled the old issues about the responsibilities and capacities public authorities have with regard to managing the...