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Heavy and Chemical Industrialization (HCI) Policy as a Mega-policy

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Authors
Soh, Changrok
Issue Date
2004
Publisher
Graduate School of Public Administration, Seoul National University
Citation
Korean Journal of Policy Studies, Vol.18 No.2, pp. 13-29
Abstract
The objective of this paper is to show how the Heavy and Chemical Industrialization (HCI) policy during the period of 1972-79 in Korea constituted a Mega-policy. The Mega-policies are intersectoral, require the creation of new institutions, generate new expectation, and engender new paradigms. This paper traces its development, explores how the policy emerged, and how the policy affected numerous sectors of the Korean economy. The influence of this policy on the later development of Korean economy had been substantial. The combination of government support and huge investments by the chaeboll is a result of this policy. Despite the success of Korean economy in the 1980s, the legacy of the HCI Mega-policy persists and casts doubt on future prospects for Korean economic development.
ISSN
1225-5017
Language
English
URI
http://hdl.handle.net/10371/69851
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Graduate School of Public Administration (행정대학원)Dept. of Public Administration (행정학과)Korean Journal of Policy Studies (정책논총)Korean Journal of Policy Studies (정책논총) vol.18(2) (2004)
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