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Administrative and regulatory reform of Korea in a time of national crisis

By: YONG HYO CHO.
Contributor(s): SHIN KIM.
Material type: materialTypeLabelArticlePublisher: New York : Marcel Dekker, 2000International Journal of Public Administration- IJPA 23, 11, p. 1997-2016Abstract: Korea has undertaken all-out efforts to reforms its economy and government to be ready for the new era of global competition and overcome the current economic crisis. Public sector reform seeks to liberalize the market economy by removing unnecessary government interventions in the private sector. The realization of the "four S's'' - a small but strong government with the smarts to managers future uncertainties and a sensitivity to the people's needs - is the ultimate vision for the public sector reform. Regulatory reform calls for at least fifty percent of all government regulations eliminated by the end of 1998 and the rest of the regulations improved based on a set of rational principles. One key aspects of regulatory reform is focused on removing barriers to foreign direct investment. Epochal changes in the public sector including governmental regulations are expected to bring Korea up to global standards for business competition and government perfomance
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Periódico Biblioteca Graciliano Ramos
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Korea has undertaken all-out efforts to reforms its economy and government to be ready for the new era of global competition and overcome the current economic crisis. Public sector reform seeks to liberalize the market economy by removing unnecessary government interventions in the private sector. The realization of the "four S's'' - a small but strong government with the smarts to managers future uncertainties and a sensitivity to the people's needs - is the ultimate vision for the public sector reform. Regulatory reform calls for at least fifty percent of all government regulations eliminated by the end of 1998 and the rest of the regulations improved based on a set of rational principles. One key aspects of regulatory reform is focused on removing barriers to foreign direct investment. Epochal changes in the public sector including governmental regulations are expected to bring Korea up to global standards for business competition and government perfomance

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