This study empirically applies the theory of institutional requirement for economic development to explain Korea's modern history of economic development. The study theoretically derives the argument that the economic discrimination (ED) policy regime “rewarding high performance relative to...

This study attempts to derive a theory of Saemaul Undong (SMU) by identifying its key success factors and to discover its policy implications for economic development. The proposed theory argues that the success of the SMU was fundamentally driven by the government's strong adherence to the...

This book makes the bold attempt at proposing a new general theory of economic development founded on the fact-based perspective of economic behaviour. The main premise is that economic institutions and policies must embody 'economic discrimination' if there is to be any chance of real economic...