Browse

The Evolution of Infrastructure Investment of Korea

Cited 0 time in Web of Science Cited 0 time in Scopus
Authors
Ko, Kilkon
Issue Date
2014
Publisher
Graduate School of Public Administration, Seoul National University
Citation
Korean Journal of Policy Studies, Vol.29 No.1, pp. 123-145
Keywords
infrastructurepoliticspolicy analysis
Abstract
Although analysts have explored many facets of economic growth of
Korea over the last decades, infrastructure investment policies have been discussed
in terms of a simple developmental state framework that emphasizes the role of
bureaucracy. This paper claims that infrastructure investment is a function of
interactive processes affected by demand, supply, politics, and administrative
reaction. While the Korean government did invest in infrastructure in advance of
the growth of demand for it in the 1970s, it has made its major infrastructure
investment since the 1980s. Also, while strong political leadership is frequently
lauded, the problems with the Gyeongbu expressway and the four-rivers project
suggest that political leadership without adequate rational planning and policy
analysis can have undesirable effects. Finally, facing budget constraints and
pressure to make efficient use of limited resources, the Korean government has
sought to institutionalize a systematic process for managing infrastructure
investment. Hence, the development and utilization of relevant policy analysis
and evaluation methods is necessary.
ISSN
1225-5017
Language
English
URI
http://hdl.handle.net/10371/91913
Files in This Item:
Appears in Collections:
Graduate School of Public Administration (행정대학원)Dept. of Public Administration (행정학과)Korean Journal of Policy Studies (정책논총)Korean Journal of Policy Studies (정책논총) vol.29 no.1/3 (2014)
  • mendeley

Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.

Browse