The New Institutional Economy and the New Traditional Economy in Korea: Does the Confucian Tradition Give It a Competitive Edge?
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
A new traditional economy combines elements of traditional culture, such as Confucianism, with a modern, technologically advanced economy, while a new institutional economy minimizes transactions costs through its institutional structure. South Korea has enhanced its competitive edge by drawing on Confucian elements such as respect for education and the search for family-like harmony in chaebol corporations that can reduce transactions costs (despite problems) in an open system. Despite also emphasizing respect for education, North Korea has drawn on anti-mercantile elements of the Confucian tradition such as the excessive authoritarianism of its command socialism and the hermit-like closure induced by its juche policy of self-reliance
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library||
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
Kit-Chun Joanna Lam (2003). Confucian Business Ethics and the Economy. Journal of Business Ethics 43 (1-2):153-162.
Antonio Rappa & Sor-Hoon Tan (2003). Political Implications of Confucian Familism. Asian Philosophy 13 (2 & 3):87 – 102.
Thomas Hosuck Kang (1973). Confucian Society Under Democracy in South Korea and Under Communism in North Korea.
Wei-Bin Zhang (1999). Confucianism and Modernization: Industrialization and Democratization of the Confucian Regions. St. Martin's Press.
Barkley Rosser, A Global Perspective on the Non-Observed Economy, Inequality, Corruption, and Social Capital.
Behzad Yaghmaian (1998). Globalization and the State: The Political Economy of Global Accumulation and Its Emerging Mode of Regulation. Science and Society 62 (2):241 - 265.
Alvaro Vargas Llosa (1998). A Capitalist Revolution in Latin America? Critical Review 12 (1-2):35-48.
Hee-jae Lee (2008). Confucian's Perspective on the Family Rituals of the 19 Century in Korea. Proceedings of the Xxii World Congress of Philosophy 9:31-34.
Thomas A. Wilson (1995). Genealogy of the Way: The Construction and Uses of the Confucian Tradition in Late Imperial China. Stanford University Press.
Don Baker (2013). Finding God in the Classics: The Theistic Confucianism of Dasan Jeong Yagyong. [REVIEW] Dao: A Journal of Comparative Philosophy 12 (1):41-55.
Antonio Argandoña (2004). Economic Ethics and Institutional Change. Journal of Business Ethics 53 (1-2):191-201.
A. Sorensen (2012). On a Universal Scale: Economy in Bataille's General Economy. Philosophy and Social Criticism 38 (2):169-197.
Added to index2010-12-22
Total downloads4 ( #280,884 of 1,413,361 )
Recent downloads (6 months)0
How can I increase my downloads?