Advertisement

Managing Economic Policy and Coordination: A Saga of the Economic Planning Board

Chapter
Part of the The Political Economy of the Asia Pacific book series (PEAP, volume 13)

Abstract

It is hard to imagine the successful economic development of South Korea without the Economic Planning Board (EPB). Created in 1961 when Korea embarked on its long-term economic development planning, the EPB, which occupied the center of the country’s economic policymaking and coordination structure, was in existence for 33 years before being suddenly dissolved in 1994. Korea’s economic policymaking and coordination structure and process have since drifted. With all the intermittent attempts to revive it in one form or another, the problem of ineffective and inefficient coordination of economic policy has surfaced time and again. This chapter seeks to unfold the saga of the EPB with a view to drawing out implications for developing countries that are struggling to build up organizational capacities to handle a diverse set of developmental tasks and problems.

Keywords

Economic Policy Industrial Policy Policy Competition Military Coup Economic Ministry 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

  1. Barzelay, M. (1986). The politicized market economy: Alcohol in Brazil’s energy strategy. Berkeley, CA: University of California Press.Google Scholar
  2. Choi, B.-S. (1987). Institutionalizing a liberal economic order in Korea: The strategic management of economic change. PhD dissertation, Harvard University, June.Google Scholar
  3. Cole, D. C., & Nam, Y. W. (1969). The pattern and significance of economic planning in Korea. In I. Adelman (Ed.), Practical approaches to development planning: Korea’s second five-year plan. Baltimore, MD: Johns Hopkins Press.Google Scholar
  4. Hirschman, A. O. (1958). The strategy of economic development. New Haven, CT: Yale University Press.Google Scholar
  5. Hirschman, A. O. (1979). The turn to authoritarianism in Latin America and the search for its economic determinants. In D. Collier (Ed.), The new authoritarianism in Latin America. Princeton, NJ: Princeton University Press.Google Scholar
  6. Hwang, B (2011). The Park Chung Hee paradigm. Seoul: Chokwang Press.Google Scholar
  7. Jones, L., & Sakong, I. I. (1980). Government, business, and entrepreneurship in economic development: The Korean Case. Cambridge, MA: Harvard University Press.Google Scholar
  8. Kim, H. K. (Ed.). (1999). The glory and shame of the Korean economy: A secret history of 33 years of the economic planning board. Seoul: Maeil Kyungjae Shinmun.Google Scholar
  9. Kim, Y. H. et al. (Eds.). (1987). Anatomy of Korean economic policies in the 1960s and 1970s: The interaction of government and business in economic development. Honolulu: East-West Population Institute.Google Scholar
  10. Lee, J.-K. (1991). With respect to the economy, you are the President. Seoul: Joongang Ilbo.Google Scholar
  11. Lindblom, C. E. (1965). The intelligence of democracy: Decision making through mutual adjustment. New York: The Free Press.Google Scholar
  12. Mason, E. S. et al. (1980). The economic and social modernization of the Republic of Korea. Cambridge, MA: Harvard University Press.Google Scholar
  13. Porter, R. B. (1980). Presidential decision making: The economic policy board. Cambridge: Cambridge University Press.Google Scholar
  14. Schick, A. (1981). The coordination option. In P. Szanton (Ed.), Federal Reorganization, op. cit.Google Scholar
  15. Seidman, H. (1981). A typology of Government. In P. Szanton (Ed.), Federal Reorganization, op. cit.Google Scholar
  16. Szanton, P. (Ed.). (1981). Federal reorganization: What have we learned?. Chatham, NJ: Chatham House Publishers, Inc.Google Scholar

Copyright information

© Springer International Publishing Switzerland 2014

Authors and Affiliations

  1. 1.Graduate School of Public AdministrationSeoul National UniversitySeoulRepublic of Korea

Personalised recommendations