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Economic policy making and the role of special interest groups: Some evidence for South Korea

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  • Dee, Philippa S.

Abstract

It is now generally recognized that special interest group influence on economic decision making is not in theory a phenomenon restricted to democratic capitalism. Governments which have attained power by non-democratic means must eventually seek legitimacy, either by populist appeals to the masses or by cultivating the support of important sectors (e.g. Lovell (1975)). They may therefore be no less immune to interest group lobbying than governments which face electoral scrutiny. Likewise, it has been argued that the incentive for interest groups to exert political pressure is in fact greater under socialism than under capitalism (e.g. Becker (1983)). The purpose of this paper is to present evidence on the role of special interest groups in economic policy making in the Republic of Korea (South Korea), a country which differs from a western capitalist democracy in at least one important respect.

Suggested Citation

  • Dee, Philippa S., 1984. "Economic policy making and the role of special interest groups: Some evidence for South Korea," Kiel Working Papers 217, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:217
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    References listed on IDEAS

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    1. Dee, Philippa S., 1984. "Will bank interest rate deregulation jeopardize economic growth? A case study of South Korea," Kiel Working Papers 203, Kiel Institute for the World Economy (IfW Kiel).
    2. George J. Stigler, 1971. "The Theory of Economic Regulation," Bell Journal of Economics, The RAND Corporation, vol. 2(1), pages 3-21, Spring.
    3. Peltzman, Sam, 1976. "Toward a More General Theory of Regulation," Journal of Law and Economics, University of Chicago Press, vol. 19(2), pages 211-240, August.
    4. Gary S. Becker, 1983. "A Theory of Competition Among Pressure Groups for Political Influence," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 98(3), pages 371-400.
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    Cited by:

    1. Hiemenz U. & Langhammer, Rolf J., 1986. "Efficiency pre-conditions for successful integration of developing countries into the world economy," ILO Working Papers 992485213402676, International Labour Organization.
    2. Mustapha Nabli, 1990. "The political economy of trade liberalization in developing countries," Open Economies Review, Springer, vol. 1(2), pages 111-145, June.

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