progress had been thorough. However, in such a short period of time, the political environment in Korea did not developed as much as the industry's growth. Currently the new world economic order is being reorganized. Korea, while maintaining the peace of the industry, should raise the competitiveness of enterprises. Above all, the importance of the role of labor and industrial relations system is
progress from an absolute to a limited monarchy, from a limited monarchy to a democracy, is a progress toward a true respect for the individual. (844)
a State …… [should] treat the individual with respect as a neighbor; which even would not think it inconsistent with its own repose if a few were to live aloof from it, not meddling with it, nor embraced by it, who fulfilled all the duties of
of economic and industrial policies. Recently a new form of DS is appeared. In MB government, this is magnified. Thus we are willing to find some similar characteristics of the past DS and current DS.
Against the backdrop of these circumstances, this article aims to explore the economic and social performances of the developmental state in the 1960-70s Korea and current MB government.
II. 2. The progress of Yen carry trade
Since 1990s, Japanese government and central bank started lowering interest rate policies so that Yen carry trade has begun.
1) After Kobe Earthquake in 1995, the Bank of Japan lowers the interest rate at 1%. In 1997, as financial crisis in East-Asia was broadening, Yen carry assets were paid off. In addition, The sharp increase in foreign bank as
In this case analysis we will focus on problems which hinder the progression of fiscal decentralization.
So we chose the case of house acqusition tax reduction which threatens fiscal decentralization and local autonomy.
And to help student’s understanding, we briefly introduce the current situation of fiscal independence in local governments then proceed into main issue.