The Nexus of Political Institutions and Economic Development: The Case of Zambia and South Korea

Christina Aggesen, Yeeun Hahm & Marie Uldall Thomsen

Studenteropgave: Semesterprojekt

Abstrakt

The aim of this paper is to investigate the causal link between political institutions and economic growth in developing countries. We investigate what criteria are necessary to form sustainable political institutions, and what policies were taken to build a sustainable economy. We seek to investigate the nexus by using a comparative case study of Zambia and South Korea. The data collection is composed by qualitative data of on multiple sources of evidence and is based on area studies within the timeframe of post-World War II to post-millennium. We make use of two prominent theories to explain the correlation; the theory of economic institutionalism and the concept of state autonomy and intervention. We conclude that inclusive political institutions are crucial to the prospect of economic growth. Moreover, we conclude that reinvestment of revenue in the industry is the foundation of building strong economies

UddannelserGlobal Studies, (Bachelor/kandidatuddannelse) Bachelor el. kandidat
SprogEngelsk
Udgivelsesdato26 maj 2014
VejledereTobias Hagmann

Emneord

  • institution
  • South Korea
  • political
  • growth
  • Zambia
  • economic