No abstract

This article sets out to tackle three main questions: 1) How did South Korea lift itself out of utter destruction and destitution to affluence?; 2) How could a ruthlessly authoritarian regime be transformed with relative ease into a stable democratic polity?; and 3) What institutions and governance enabled the authoritarian and democratic governments of South Korea to reduce poverty and inequality?

No abstract

Combining economic development and poverty reduction is a challenge for developing countries. In the search for mechanisms that integrate both goals, this article examines the Republic of Korea's development strategy, which transformed one of Asia's poorest nations into an industrialized country with low levels of poverty. The authors investigate the state–society nexus in which Korea's developmental state has operated and look at the role of governance for economic development, focusing especially on multifunctioning institutions performing for economic growth and poverty reduction. The article provides strategic suggestions for developing countries on managing effectively within institutional constraints and moving beyond a simple emphasis on good governance.

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