| Knowledge-Net for a Better World |
July 2020 |
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Democracy and Economic Development:
Experience from South Korea
Seungjoo Lee
Professor, Department of Political Science and International Relations,
Chung-Ang University |
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"South Korea’s Quest for
a Balance of Democracy and Economic Development" |
South Korea is considered to be a distinguished case that achieved both industrialization and democratization simultaneously within a short period of time. In this issue briefing, Prof. Seungjoo Lee presents South Korea’s parallel experience of economic development and democratization by examining its interplay between democracy and economic development as well as institutional factors that have changed and continued throughout the periods of authoritarianism, democratic transition, and democratization. Prof. Lee argues that despite a series of challenges it has faced, South Korea has actively sought new solutions in the wake of intense domestic political competition and conflicts, which has shown its capability to turn crises into opportunities, and that the country’s quest for a balance of democracy and economic growth is still ongoing.  |
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