Failure of US ‘economic democratisation’

Tuesday, 12 July 2016

The Korea Times

This was an article contribution by Associate Professor Shin Jang-Sup from the Department of Economics at NUS Faculty of Arts and Social Sciences, and former adviser to Korea’s finance minister, in which he examined how economic democratisation originated in the U.S. and how it has been practiced in Korea. Assoc Prof Shin opined that the main task of the Korean government is to find concrete ways to achieve equitable distribution while maintaining economic dynamism in the context of the Korean economy, rather than sticking to the ambiguous term of economic democratisation and attempting to implant the failures of the U.S. in Korea without critical assessment.

Click here to read the article.

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