politic system between germany and south korea. south korea adminstration based on a presidential system run all politics with responsibility. There is checks and balances by dividing the adminstration and the legislative branch. On the other side coin, Germany is a parliamentary government. a cabinet is organized based on trust of assembly and a prime minister have a politcal power. So, there i
1. Introduction
The International Monetary Fund (IMF) is no longer a purely international economic organizationin the way it was. At first, the IMF was established along with the World Bank and theGeneral Agreement on Tariffs and Tradeat the close ofWorld War II in order to provide governments with balance of payments support, but now there’s a doubt that IMF has become a political organizat
political forces and make a smooth transition to a new regime. Most importantly, the election was during a time of economic hardship. After long years of development, Korea was catching up to the wealthy, developed nations and accepted to OECD. However, the ambitious financial liberalization of president Kim Young Sam had failed miserably. Some scholars claim that the reform had failed due to the
political forces and make a smooth transition to a new regime. Most importantly, the election was during a time of economic hardship. After long years of development, Korea was catching up to the wealthy, developed nations and accepted to OECD. However, the ambitious financial liberalization of president Kim Young Sam had failed miserably. Some scholars claim that the reform had failed due to the
reform
IMF (Korea)
introduction of market principles - competition
applying private sector management methods to the public sector
it emphasizes the organization's mission, goals and manager's responsibilities
result oriented government - funding outcomes, not inputs
professional management, measures of performance
meeting the needs of the customer, not the bureaucracy