Institutional Variety in East Asia

Institutional Variety in East Asia

Formal and Informal Patterns of Coordination

New Horizons in Institutional and Evolutionary Economics series

Edited by Werner Pascha, Cornelia Storz and Markus Taube

This illuminating book broadly addresses the emerging field of ‘diversity of capitalism’ from a comparative institutional approach. It explores the varied patterns for achieving coordination in different economic systems, applying them specifically to China, Japan and South Korea. These countries are of particular interest due to the fact that they are often considered to have developed their own peculiar blend of models of capitalism.

Chapter 5: Higher Education Reform in South Korea and the Transformation of University Governance

Peter Mayer

Subjects: asian studies, asian economics, economics and finance, asian economics, economics of innovation, institutional economics, innovation and technology, economics of innovation

Extract

Peter Mayer 5.1 INTRODUCTION This paper outlines the key features of higher education in South Korea. It continues with the identification of the main challenges South Korea’s higher education system is confronted with. The main part of the paper addresses the issue of governance in higher education in Korea: it describes and analyses key aspects of the attempts of policymakers to transform the system of governance in higher education. 5.2 KEY FEATURES OF HIGHER EDUCATION IN SOUTH KOREA South Korea’s economic success over the last 50 years has been spectacular. South Korea was a poor developing country in 1950, and is now the 13th largest economy in the world, with an average gross national income level per capita well above US$20 000 (OECD 2008). While much credit has been given to South Korea’s export orientation and its specific stateled development model as engines of growth, there is little doubt that part of the success rests on the educational zeal in Korean society. The Confucian tradition is said to influence Korean society in attaching a high value to education. Knowledge has always been recognized by policymakers and society at large as key to Korea’s future. All political leaderships in the past highlighted the need for high investment in education and the connection between educational performance and economic success. Kim Dae-jung chose the term ‘knowledge-based society’ as a catchword to direct public attention to the key challenges Korea would have to face in the future. South Korea is now known as...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information