Friday, December 16, 2016

Groundhog Day, again 1

The growth trajectory of the Korean economy has been the envy of most developing countries around the world. The story of poverty to riches, of hunger to plentiful, of a country that has moved from being one of the biggest aid recipients to an aid donor and a member of the ‘prestigious’ OECD-DAC is one that many developing countries seek to emulate. The country is today at the forefront of technological advancement, environmental protection and healthcare services. However, the scandals that have engulfed Korea in recent months have exposed serious problems in the building blocks of the country; the curse of authoritarian development.
As a graduate student a few years ago, I had passionate and in-depth discussions with my colleagues and professors on which form of government was most appropriate for most developing countries as they strived to achieve economic growth and development. For most of us- most of who were from developing countries- we thought a ‘benevolent dictatorship’, or authoritarian development was the right path towards rapid economic growth. Why have a divided country and waste vast amount of resources on multi-party democratic reforms when the entire country needed to head in the same direction and dedicate all available resources towards achieving economic growth. Participation rates in most elections were very low, and in most countries long serving presidents were always almost certain to win. The democratic process seemed like a huge waste of national resources. It was hard to hear some of my Korean professors and friends criticize the regime of president Park JungHee, considering he oversaw the rapid economic growth of the country.
In hindsight, l now realize just how wrong l was. That president Park had a vision for this country, that he set the path for Korean economic growth and pushed forward to achieve that objective against adversity from home and abroad remains a profound achievement. This country owes him gratitude, as do l and many others who have benefited from the hard work and kindness of the Korean government and people. However, the policies adopted during his presidency and those of subsequent leaders have had a rather negative long-term effect on the country. The political and institutional development was stifled along with dissent, and that has had serious repercussions on the progress of the country.
Consider the following extract from a write up:
“…It does not require much effort to speculate how it had been possible to raise black money of such a astronomical figure. The vast majority of the amount, as it has been revealed, came from businessmen as extortion payments to get around heavy government regulations or to receive contracts for government projects.”
“… Assembly is for the most part failing in its duty to pass legislation whose priority is to contribute to the public interest and to rigorously exercise its power of legislative review to prevent the deviant behavior of the executive branch.”
“…The role of the judiciary is to restrain the deviation of these government branches. However, a huge chasm separates the current state of the judiciary and the public’s expectation”

If you’re thinking this is a recent publication on the state of events for the past month in Korea, you’re wrong. This is an extract from a paper by Professor IIjoong Kim  in November of 1995 on the scandal that rocked South Korea after the discovery of the $650 million slush-fund by former president Roh Tae-woo. Twenty-one years later, Korea is faced with another scandal of the same nature, except this time the reputation of the nation that performed ‘the miracle on the Han’ is at risk. We pose the question: why have the regulations enacted in the aftermath of that scandal, subsequent scandals, and administrations been so ineffective? The situation brings to mind the 1993 hollywood movie “GroundHog Day” starring Bill Murray. It’s like waking up to the same day all the time. In part two, we discuss just how it all went wrong.

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