Entwicklungsoffene versus strukturkonservierende Wirtschaftspolitik - Das empirische Beispiel zweier konträrer Politikkonzeptionen

This contribution analyses the economic characteristics of the South Korean and the Brazilian economies and attributes them to two fundamentally opposed orientations. South Korea’s economic policy can be described as “open to evolutionary processes”. This refers to the combination of a liberal economic framework with state efforts to continually adapt the economic structures to constantly changing external conditions. Brazilian policy, in contrast, is an example of the “structure-preserving” concept. Powerful rent-seeking groups delay the necessary institutional reforms which could create confidence among potential investors. Evidently, the superior performance of an “evolutionary” approach follows from its focus on competitive flexibility in a continually changing economy.