This paper is a proposal for Korea's economic strategy under the Roh regime and beyond. Since economic strategy is predicated on the nation's economic objective and policy environments, sustainable and equitable economic development is regarded as the key objective. Major trends are identified...

This study analyses cultural effects on economic development in South Korea. It introduces the concept of transaction costs as an operational intermediary between culture and economic development. Using this approach, it is found that culture affects economic development through its impacts on...