Development of economy & reformation of national consciousness

Abstract

Jean Jacques Rousseau, (1712-1778) author of "The Theory of Social Contract", once stated that moral corruption and indulgence in luxury by people increaces as their economic well-being improves. The history of mankind attests to the fact that there have been many nations which enjoyed remerkable economic develo-pment, but perished in the long run due to degradation of humanity, corruption, luxury, widespread mammonism, and various conflicts among their people. It follows that the economic growth should be accompanied by or based on people's strong morality and sound humanity. In other words, the reformation of consciousness is a prerequisite to the economic development. It is said that the Republic of Korea garnered an economic growth to the extent that it is on the threshold of becoming an advanced country in the near future.