Startseite Political Governance, Law, and Economic Development
Artikel
Lizenziert
Nicht lizenziert Erfordert eine Authentifizierung

Political Governance, Law, and Economic Development

  • Yong-Shik Lee EMAIL logo
Veröffentlicht/Copyright: 29. Juni 2019

Abstract

Political stability is an important precondition for economic development. While political stability cannot be created by laws alone, an effective legal framework for political governance, such as a constitution, can facilitate political stability. Political stability is not synonymous with democracy; while civil liberty is often considered a key ingredient for prosperity, it has been historically observed that promotion of democracy, while an important value, does not necessarily lead to economic development. Successful economic developments in the East Asian countries, such as South Korea, Singapore, and Taiwan from the 60s to the 80s and in contemporary China show the importance of political stability in achieving economic progress albeit with certain democratic deficits. The system of political governance that creates political stability may differ from one place to another, depending upon political needs, cultural priorities, historical contexts, and popular aspirations. This paper considers these elements and also examines, based on local conditions and priorities, the kind of political leadership that has brought political stability and economic development, the question of democracy, and the legal frameworks conducive to sustaining political stability.

Acknowledgements

The author is grateful to Professor Maartje de Visser for insightful comments and Ms Annelie Ellen Stallings for editorial assistance.

References

AIDDATA, Realizing Agenda 2030, available at: <https://www.aiddata.org/sdg>, accessed March 31, 2019.Suche in Google Scholar

Alesina, Alberto et al., Political Instability and Economic Growth, National Bureau of Economic Research Working Paper, no. 4173 (September 1992).10.3386/w4173Suche in Google Scholar

Ali, Arif Hyder and Ali Ehassi, “Shari’a Law Approaches to Arbitration,” in Paul E. Mason and Horacio A. Grigera Naón (eds.), International Commercial Arbitration Practice: Twenty-first Century Perspectives (New York: LexisNexis, 2018).Suche in Google Scholar

Amsden, Alice H., Asia’s Next Giant: Korea and Late Industrialization (New York: Oxford University Press, 1992).10.1093/0195076036.001.0001Suche in Google Scholar

Auty, Richard M., Natural Resource Endowment, the State, and Development Policy, 9 Journal of International Development, no. 4 (1997).10.1002/(SICI)1099-1328(199706)9:4<651::AID-JID474>3.0.CO;2-4Suche in Google Scholar

Baland, Jean-Marie, Karl Ove Moene, and James A. Robinson, “Governance and Development,” in J. Baland, Dani Rodrik, and M.R. Rosenzweig (eds.), Handbook of Development Economics, vol. 5 (Oxford: North Holland, 2009).10.1016/B978-0-444-52944-2.00007-0Suche in Google Scholar

Balcerowicz, Leszek, Understanding Post-Communist Transitions, 5 Journal of Democracy, no. 4 (1994).10.1353/jod.1994.0053Suche in Google Scholar

Baxter, Jamie, Leadership, Law and Development, 12 Law and Development Review, no. 1 (2019).10.1515/ldr-2018-0046Suche in Google Scholar

Bilchitz, David, Poverty and Fundamental Rights: The Justification and Enforcement of Socio-Economic Rights (Oxford: Oxford University Press, 2007).10.1093/acprof:oso/9780199552160.001.0001Suche in Google Scholar

Brohman, John, Postwar Development in the Asian NICs: Does the Neoliberal Model Fit Reality?, 72 Economic Geography, no. 2 (1996).10.2307/144262Suche in Google Scholar

Chang, Ha-Joon, Kicking Away the Ladder (London: Anthem Press, 2002).Suche in Google Scholar

Collier, Paul, Wars, Guns, and Votes: Democracy in Dangerous Places (New York: HarperCollins, 2009).Suche in Google Scholar

Constitution of Nigeria, Section 6(6)(c).Suche in Google Scholar

Eckert, Carter J. and Ki-Baik Lee, Korea Old and New: A History (Seoul: Ilchokak Publishers, 1991).Suche in Google Scholar

The Economist, Democracy Index 2018, available at: <http://www.eiu.com/topic/democracy-index>, accessed March 31, 2019.Suche in Google Scholar

Feenstra, Robert C., Robert Inklaar, and Marcel P. Timmer, Penn World Table Version 8.1, U. Groningen, available at: <http://www.rug.nl/ggdc/productivity/pwt/pwt-releases/pwt8.1>, accessed March 29, 2019. See also World Bank, GDP Growth (annual %), available at: <http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG>, accessed March 29, 2019.Suche in Google Scholar

Freedom House, Freedom in the World 2010: Global Erosion of Freedom (Washington, DC: Freedom House, 2010).Suche in Google Scholar

Freedom House, Singapore (Freedom in the World 2012), available at: <https://freedomhouse.org/report/freedom-world/2012/singapore>, accessed May 4, 2019.Suche in Google Scholar

Fund for Peace, Fragile States Index 2018, available at: <http://fundforpeace.org/fsi/>, accessed March 30, 2019.Suche in Google Scholar

Hanson, Philip, The Rise and Fall of the Soviet Economy: An Economic History of the USSR from 1945 (Abington: Routledge, 2014).10.4324/9781315841274Suche in Google Scholar

Hart-Landsberg, Martin, The Rush to Development: Economic Change and Political Struggle in Korea (New York: Monthly Review Press, 1993).Suche in Google Scholar

Hayek, Friedrich, The Constitution of Liberty (Chicago: University of Chicago Press, 1960).Suche in Google Scholar

Hayes, Louis D., Political Systems of East Asia (Abington: Routledge, 2015).10.4324/9781315701677Suche in Google Scholar

Hwang, Kyung Moon, A History of Korea (New York: Palgrave Macmillan, 2016).Suche in Google Scholar

Kaufman, D., A. Kraay, and P. Zoido-Lobaton, Governance Matters, World Bank Policy Research Working Paper, no. 2196 (1999).Suche in Google Scholar

Keene, Donald, Emperor of Japan: Meiji and His World, 1852-1912 (New York: Columbia University Press, 2005); Martin, Peter, The Chrysanthemum Throne: A History of the Emperors of Japan (Honolulu: Latitude 20, 1997).Suche in Google Scholar

Kim Il Sung University, College of Law, available at: <http://www.ryongnamsan.edu.kp/univ/success/depart/4>, accessed March 31, 2019 (in Korean).Suche in Google Scholar

Kim, Iljoong, Hojun Lee, and Ilya Somin (eds.), Eminent Domain: A Comparative Perspective (Cambridge: Cambridge University Press, 2017).10.2139/ssrn.2972677Suche in Google Scholar

Kim, Kwang-suk and Joon-kyung Park, Sources of Economic Growth in Korea: 1963–1981 (Seoul: Korea Development Institute, 1985).Suche in Google Scholar

Lee, Sang Chul, A Study on the Industrial Restructuring Policy in Korea during the 1980s, NRF Research Project, no. 2012S1A5A2A01020629 (2012) (in Korean).Suche in Google Scholar

Lee, Yong-Shik, Reclaiming Development in the World Trading System (2nd ed., Cambridge: Cambridge University Press, 2016).10.1017/CBO9781316162712Suche in Google Scholar

Lee, Yong-Shik, General Theory of Law and Development, 50 Cornell International Law Journal, no. 3 (2017).Suche in Google Scholar

Lee, Yong-Shik, Law and Development: Lessons from South Korea, 11 Law and Development Review, no. 2 (2018).Suche in Google Scholar

Lee, Yong-Shik, Law and Development: Theory and Practice (Abington: Routledge, 2019).Suche in Google Scholar

Lee, Yong-Shik, Law and Economic Development in the United States: Toward a New Paradigm, 68 Catholic University Law Review, no. 2 (2019).Suche in Google Scholar

Lee, Yong-Shik and Xiaojie Lu, China’s Trade and Development Policy under the WTO: An Evaluation of Law and Economics Aspect, 2 China and WTO Review, no. 2 (2016).10.14330/cwr.2016.2.2.08Suche in Google Scholar

Library of Congress, Legal Status of Cryptocurrencies, available at: <https://www.loc.gov/law/help/cryptocurrency/map1.pdf>, accessed April 1, 2019.Suche in Google Scholar

Liebenberg, Sandra, Socio-Economic Rights: Adjudication under a Transformative Constitution (Cape Town: Juta Academic, 2010).Suche in Google Scholar

Lindert, Peter, Voice and Growth: Was Churchill Right?, 63 Journal of Economic History (2003).10.3386/w9749Suche in Google Scholar

Makinana, Andisiwe, “Parliament Gives Go-Ahead for Land Expropriation without Compensation,” Times Live (December 4, 2018), available at: <https://www.timeslive.co.za/politics/2018-12-04-parliament-gives-go-ahead-for-land-expropriation-without-compensation/>, accessed February 24, 2019.Suche in Google Scholar

Marshall, P.J. (ed.), The Oxford History of the British Empire, Vol. II (Oxford: Oxford University Press, 1998).Suche in Google Scholar

Morris, Ian, Democracy: The Least Bad Form of Government, Stratfor Worldview (October 7, 2015), available at: <https://worldview.stratfor.com/article/democracy-least-bad-form-government>, accessed March 30, 2019.Suche in Google Scholar

Oniemola, Peter and Oyinkan Tasie, Engendering Constitutional Realization of Sustainable Development in Nigeria, 13 Law and Development Review, no. 1 (forthcoming 2020).10.1515/ldr-2018-0079Suche in Google Scholar

Peukert, Detlev J.K., The Weimar Republic: The Crisis of Classical Modernity (New York: Hill and Wang, 1993).Suche in Google Scholar

Pistor, Katharina and Phillip A. Wellons, The Role of Law and Legal Institutions in Asian Economic Development, 1960-1995 (New York: Oxford University Press, 1999).Suche in Google Scholar

Pooe, T.K., Developmental State No Birth Right: South Africa’s Post-1994 Economic Development Story, 10 Law and Development Review, no. 2 (2017).10.1515/ldr-2017-0018Suche in Google Scholar

Porter, Andrew (ed.), The Oxford History of the British Empire, Vol. III (Oxford: Oxford University Press, 2001).Suche in Google Scholar

Reynolds, Susan, Before Eminent Domain: Toward a History of Expropriation of Land for the Common Good (Chapter Hill, N.C.: The University of North Carolina Press, 2010).10.5149/9780807895863_reynoldsSuche in Google Scholar

Rodrik, Dani, “Thinking about Governance,” in World Bank, Governance, Growth, and Development Decision-Making (Washington, D.C.: World Bank, 2008).Suche in Google Scholar

Rosenzweig, M.R. (eds.), Handbook of Development Economics, vol. 5 (Oxford: North Holland, 2009).Suche in Google Scholar

Sachs, Jeffrey D., et al., Ending Africa’s Poverty Trap, 2004 Brookings Papers on Economic Activity, no. 1 (2004).10.1353/eca.2004.0018Suche in Google Scholar

Sen, Amartya, Development as Freedom (New York: Oxford University Press, 1999).Suche in Google Scholar

Seth, Michael J., A History of Korea: From Antiquity to the Present (Lanham, MD: Rowman & Littlefield Publishers, 2010).Suche in Google Scholar

Tamanaha, Brian, A Concise Guide to the Rule of Law, Legal Studies Research Paper Series, St John’s University School of Law, #07-0082 (September 2007), p. 17, available at: <http://content.csbs.utah.edu/~dlevin/conlaw/tamanaha-rule-of-law.pdf>, accessed April 12, 2019.Suche in Google Scholar

Thompson, Mark R., Authoritarian Modernism in East Asia (New York: Palgrave Pivot, 2018).10.1057/978-1-137-51167-6Suche in Google Scholar

Thornton, Songok Han and William H. Thornton, Development without Freedom: The Politics of Asian Globalization (Abingdon: Routledge, 2008).Suche in Google Scholar

Trebilcock, Michael J. and Mariana Monta Prado, What Makes Poor Countries Poor? Institutional Determinants of Development (Cheltenham: Edward Elgar, 2011).10.4337/9780857938879Suche in Google Scholar

Trubek, David M. and Alvaro Santos, “Introduction: The Third Moment in Law and Development Theory and the Emergence of a New Critical Practice,” in David Trubek and Alvaro Santos (eds.), The New Law and Economic Development (New York: Cambridge University Press, 2006).10.1017/CBO9780511754425Suche in Google Scholar

United Nations, Sustainable Development, available at: <https://www.un.org/sustainabledevelopment/sustainable-development-goals/>, accessed March 29, 2019.Suche in Google Scholar

Wachman, Alan M., Taiwan: National Identity and Democratization (Abington: Routledge, 2016).10.4324/9781315286976Suche in Google Scholar

Wei-Ming, Tu, Confucian Traditions In East Asian Modernity (Cambridge: Harvard University Press, 1996).10.2307/3824246Suche in Google Scholar

Westphal, Larry E., Industrial Policy in an Export Propelled Economy: Lessons from South Korea’s Experience, Journal of Economic Perspectives, no. 3 (1990).10.1257/jep.4.3.41Suche in Google Scholar

Wolfowitz, Paul, “Good Governance and development—A Time for Action,” remarks at Jakarta, Indonesia (April 2006).Suche in Google Scholar

World Bank, World Development Report 2017: Governance and the Law (Washington, D.C.: World Bank, 2017).Suche in Google Scholar

World Bank, GNI per capita growth (annual %), available at: <https://data.worldbank.org/indicator/NY.GNP.PCAP.KD.ZG?locations=US-ZA>, accessed March 30, 2019.Suche in Google Scholar

Zwier, Paul, Human Rights for Women in Liberia (And West Africa): Integrating Formal and Informal Rule of Law Reforms through the Carter Center’s Community Justice Advisor Project, 10 Law and Development Review, no. 2 (2017).10.1515/ldr-2017-0008Suche in Google Scholar

Published Online: 2019-06-29
Published in Print: 2019-10-25

© 2019 Law and Development Review

Heruntergeladen am 21.9.2025 von https://www.degruyterbrill.com/document/doi/10.1515/ldr-2019-0039/html?lang=de
Button zum nach oben scrollen