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Democratization, Economic Policymaking, and Parliamentary Accountability in the Republic of Korea
Shin, Doh Chull Park, Chan Wook Yoon, Jong Bin
Shin, Doh Chull
Park, Chan Wook
Yoon, Jong Bin
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korea.pdf
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"The current, third wave of global democratization has established a large family of new democracies in regions that were once widely viewed as inhospitable to democratic political development. Of the over five dozen in this family, the Republic of Korea (Korea hereinafter) is one of the most influential and analytically interesting. Unlike many third-wave democracies in other regions, this country has fully restored civilian rule and has made steady progress in expanding political rights and civil liberties. Of all the new democracies in Asia, it is the first country that has peacefully transferred power to an opposition party. Korea is also the only Asian new democracy that has recently been admitted to the Organization for Economic Cooperation and Development (OECD). It has politically weathered a devastating financial crisis at the end of 1997 and is now rebounding economically. As the most vigorous democracy in East Asia and the eleventh largest economy in the world, the country has often been described in the Western media and the scholarly community as an East Asian model of prosperity and democracy. What has been done to promote economic prosperity and political democracy? Which institutions have played a critical role in the process of economic development and democratization? These questions to date have not been examined from the perspective of democratic governance in which the legislature provides for genuine accountability of government (Schedler, Diamond, and Plattner, 1999). In a democracy, the people are sovereign. They exercise their sovereignty through their representatives in parliament. Collectively, the parliament and its members are accountable to the people. Executive agencies are obligated to give accounts of their actions to the parliament."(pg 2)
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2002
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With permission of the license/copyright holder