Chapter

Failures in Governance and Institution Building

Yung Chul Park

in Economic Liberalization and Integration in East Asia

Published in print December 2005 | ISBN: 9780199276776
Published online February 2006 | e-ISBN: 9780191603051 | DOI: http://dx.doi.org/10.1093/0199276773.003.0005
 Failures in Governance and Institution Building

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The governance of consultative polities in East Asia lost its place in the process of political and economic liberalization, most notably in managing industrial relations. Democratization ushered in periods of political instability and a new and far more assertive labor movement. The demise of the consultative mechanism unveiled serious coordination problems at the national, industrial, and enterprise levels, and underscored the need for effective bureaucratic and government institutions.

Keywords: governance mechanism; consultative polities; democratization process; labor movement; institutional quality

Chapter.  1943 words. 

Subjects: Business and Management

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