Bibliographies thématiques / Hong Kong.Public institutions

Littérature scientifique sur le sujet « Hong Kong.Public institutions »

Auteur : Grafiati
Publié le 26 juillet 2024

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Articles de revues sur le sujet "Hong Kong.Public institutions"

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Chen, Haocheng. « Neglected Agents and the Cultural Nexus of Power within Protestant Churches and Associated Institutions in the Latter Half of the Twentieth Century in Hong Kong ». Religions 15, no 4 (11 avril 2024) : 473. http://dx.doi.org/10.3390/rel15040473.

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In the latter half of the twentieth century, Protestant churches in Hong Kong and institutions associated with them played a significant role in the daily lives of the people of Hong Kong. However, the role of ordinary people in the social functions of Protestant churches in Hong Kong during this period has rarely been explored in the previous literature. Interpreting several cases from written archives and oral history archives, this study aims to demonstrate how Protestant churches in Hong Kong held special significance as a public place for the ordinary people of the local community, who played an active role in these churches to serve the local community and derived self-satisfaction from doing so. This study also reveals how these local Protestant churches and the associated institutions emerged as a cultural nexus of power along with individuals who contributed to them to provide different types of welfare and social services to the community, which the colonial government in Hong Kong failed to provide.
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Xiong, Weiyan, et Ka Ho Mok. « Sustainability Practices of Higher Education Institutions in Hong Kong : A Case Study of a Sustainable Campus Consortium ». Sustainability 12, no 2 (7 janvier 2020) : 452. http://dx.doi.org/10.3390/su12020452.

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Eight University Grant Committee (UGC)-funded public universities in Hong Kong positively and successfully responded to the global call for sustainability efforts in higher education institutions (HEIs). Various initiatives are transpiring within these eight campuses. The Hong Kong Sustainable Campus Consortium (HKSCC) was co-established by eight UGC-funded universities, which is an excellent example of integrating resources and efforts to achieve sustainable development goals and exert positive social impacts. Through interviews with HKSCC administrators and members and reviewing relevant documents, this study aims to examine the roles and challenges of HKSCC toward Hong Kong HEIs’ sustainability efforts, and present the good practices and achievements of HKSCC. Findings of this study reveal that although HKSCC and each UGC-funded university contribute in reaching the sustainability goals, they should pay considerable attention to the external impact of sustainability practices on communities and society. Moreover, we propose that the sustainable development of public universities in Hong Kong should look beyond the narrowed definition of sustainable development and broaden their roles to exert a social impact by addressing the negative consequences of the massification, privatization, and internationalization of higher education.
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T.Y. Chen, Theodore. « Is Hong Kong ready for accounting education reform : an analysis of tri-partite views ». Accounting Research Journal 27, no 3 (28 octobre 2014) : 249–65. http://dx.doi.org/10.1108/arj-11-2013-0078.

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Purpose – The purpose of this study is to determine whether Hong Kong is ready for accounting education reform. Design/methodology/approach – The approach for this study is using a Likert-scale questionnaire for the academic institutions, the Hong Kong Institute of Certified Public Accountants and the big four accounting firms, followed by detailed follow-up interviews with each. Findings – There is general agreement among accounting academics and the profession that the Accounting Education Change Commission initiatives should be adopted in Hong Kong. Hong Kong accounting academics in public institutions do not oppose to a balance between teaching and research, but would oppose to an emphasis of teaching over research. This is important as an overemphasis on research could mean less time for teaching and curriculum development. The big four accounting firms are either happy with the way Hong Kong universities have been educating the accounting graduates or have no complaints against them. This is also important as an urge for accounting education reform usually comes from the practitioners as in the USA. Originality/value – The USA was the first country that saw the need for accounting education reform as accounting practitioners felt that curriculum and pedagogical considerations placed heavy emphasis on the technical aspects of accounting at the expense of a general, broad-based education. Similar needs for change were also found in the UK and Australia. As Hong Kong is one of the world’s major financial centres with a large securities exchange, there is a great deal of emphasis on accounting standards, financial reporting, corporate governance, etc., and hence the importance of accounting education. Is Hong Kong ready for the change?
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Siu‐Kai, Lau. « Democratization and decline of trust in public institutions in Hong Kong ». Democratization 3, no 2 (juin 1996) : 158–80. http://dx.doi.org/10.1080/13510349608403471.

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Tang, Denise T.-S. « Youth work in a changing society : A case study of Hong Kong youth service providers ». Qualitative Social Work 17, no 5 (4 janvier 2017) : 659–75. http://dx.doi.org/10.1177/1473325016680283.

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Hong Kong has recently witnessed heightened public awareness of the issues of rights, civil society and citizenship. Contested relations with the Beijing government and slower economic growth in mainland China have seen more Hong Kong citizens become involved in civic engagement and identity politics. Youth service providers thus find themselves forced to respond to a rapidly changing society and changing youth needs while being situated in institutions with their own structural constraints and work culture. The result is that occupational stress is increasingly common amongst Hong Kong secondary school teachers and social workers. This paper presents the findings of a qualitative ethnographic study involving 16 in-depth interviews with community leaders, teachers and school-based social workers. How does a changing society affect youth work in general? How does greater discussion of democracy and human rights in the public sphere affect the way that youth service providers perform youth work? What are the changing roles and responsibilities of these providers in offering support to Hong Kong youth? The research themes that emerged include changing demographics and youth scene, a democratising public sphere in relation to Chinese youth and professionalism as a youth service provider.
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Manion, Melanie. « Government Capacity and the Hong Kong Civil Service. By John P. Burns. [Oxford and New York : Oxford University Press, 2004. xvi+468 pp. ISBN 0-19-590597-0.] ». China Quarterly 182 (juin 2005) : 453–54. http://dx.doi.org/10.1017/s0305741005350260.

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John Burns has written an exhaustively researched and highly important book for scholars with a particular interest in Chinese politics and, more broadly, for the fields of comparative politics and public management. Burns examines the contributions of the civil service to government capacity in Hong Kong. His focus is the crucial post-1997 period, which presents him with a number of interesting analytical issues. First, post-1997 Hong Kong continues to lack the political institutions linking citizen preferences to government policy outcomes. In this context, the civil service takes on enormous political importance: it identifies and proposes solutions to community problems, roles that would be performed by politicians and political parties in a liberal democracy. Secondly, although post-1997 Hong Kong has significant autonomy, it is a local government, essentially subject to the rule of Communist leaders in Beijing. This raises interesting problems of relations between centre and locality. Finally, and not least of all, the Hong Kong economy suffered a significant decline in the late 1990s. This challenged the performancebased legitimacy of the government and placed new pressures on it to reform the civil service to strengthen government capacity. Evaluation of these reforms is an important contribution of this volume.Burns examines the civil service from a public management perspective, both describing policies and analysing actual practices, the latter with the use of interviews, surveys and case studies. In the 1980s and 1990s, Hong Kong government capacity was high. Economic growth was rapid, unemployment was low, and public support for the government was strong, based on apparently successful performance.
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DONALD, David C., et Paul W. H. CHEUK. « Hong Kong’s Public Enforcement Model of Investor Protection ». Asian Journal of Law and Society 4, no 2 (10 juillet 2017) : 349–85. http://dx.doi.org/10.1017/als.2017.9.

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AbstractThe market of a successful financial centre must be efficient, orderly, and fair, which requires that investor protection rules be enforced effectively. While a substantial literature exists promoting privately driven enforcement of investor protection rules, there is a growing consensus that enforcement action by public bodies is likely to be more important for most markets than privately initiated litigation. Hong Kong exemplifies this point. In Hong Kong, public authorities carry almost the entire burden of enforcing corporate and securities laws. Yet Hong Kong functions at a high level of quality globally despite operating a market in which most companies are foreign-incorporated—often originating from jurisdictions with reputations for governance that are middling at best—and trading takes place in multiple currencies. To revisit the debate on the determinants of effective corporate and securities law enforcement, this paper evaluates the enforcement of investor protection laws in Hong Kong. The paper first examines the institutional context, presenting key corporate and securities regulation and explaining avenues for private and public actions. It looks at the powers and competencies of the relevant supervisory authorities, including the stock exchange, which has a quasi-public role in regulating the market. Then, using publicly available data supplemented through interviews with agency staff, the paper presents Hong Kong’s enforcement “inputs” (funding and staffing) and “outputs” (actions and sanctions) for the main public enforcers. We find evidence that the Hong Kong public enforcement model effectively disciplines even its dangerous environment of foreign companies, controlling shareholders, and complex, international groups, and might be able better to do so exactly because of a focus on public, rather than private, enforcement.
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Lee, Michael H. « A Tale of Two Cities : Comparing Higher Education Policies and Reforms in Hong Kong and Singapore ». Australian Journal of Education 46, no 3 (novembre 2002) : 255–86. http://dx.doi.org/10.1177/000494410204600303.

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In Hong Kong and Singapore, the latest higher education policy changes and reforms have emphasised quality assurance, managerial efficiency, cost-effectiveness, market relevance and public accountability. The rise of a more utilitarian, pragmatic and market-oriented perspective in relation to public service institutions, including higher education institutions, has secured the dominance of corporate managerialism, economic rationalism, and academic capitalism in the development of higher education in the two city-states, as in other developed or developing economies. In the process of reform, there have been major changes in the relationships between the governments and the universities, including matters of finance, provision and regulation. Though the two higher education systems have been affected by similar market forces and public sector reforms, certain policy changes and reforms have differed significantly between Hong Kong and Singapore. This article compares and evaluates the reform policies adopted by the two governments and examines the impact of those policies and reform initiatives on universities and the academic profession.
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ABE, KAORI. « Middlemen, Colonial Officials, and Corruption : The rise and fall of government compradors in Hong Kong, 1840s–1850s ». Modern Asian Studies 52, no 5 (4 juin 2018) : 1774–805. http://dx.doi.org/10.1017/s0026749x16000573.

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AbstractExploring the rise and fall of government compradors, this article highlights Sino-British collusion in the corruption and extortion cases of the Hong Kong colonial government in the 1840s and the 1850s. A number of compradors worked for the Hong Kong colonial government throughout the nineteenth century, acting as a key communication channel between Chinese residents and colonial officials in the formative years of the colony. Various institutions of the colonial government, for instance the Colonial Treasury, Post Office, and British military, employed compradors. Colonial officials also personally employed compradors, who supported their principals’ work in the government. However, a symbiotic relationship between corrupt colonial officials and compradors had become a public problem by the mid-1850s. The colonial government responded to this by diversifying its Chinese staff rather than depending on monopolistic compradors, and also launched a scheme to nurture and employ British personnel who could act as intermediaries between the British and Chinese communities. At the same time, different kinds of Chinese intermediary elites emerged in Hong Kong from the 1860s onwards, and government compradors’ monopolistic authority in mediating between colonial officials and the Chinese public gradually declined. The volatile government comprador system highlights a key phase in the history of the evolution of the comprador system in Hong Kong.
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Hung, Chung Fun Steven. « Is party factionalism harmful or beneficial to party development ». Asian Education and Development Studies 9, no 1 (14 novembre 2019) : 91–104. http://dx.doi.org/10.1108/aeds-08-2018-0140.

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Purpose The purpose of this paper is to assess the intra-party conflicts in Hong Kong’s Democratic Party (DP) and their implications for broader democratic processes in the territory. It also examines some other thematic issues including: the party’s policy decision-making process, candidate selection, party membership and mergers, and their overall relevance for democratisation in Hong Kong. Design/methodology/approach The study gives a historical review of intra-party conflicts. The concept of factionalism is applied to better understand the DP in Hong Kong’s political space. Findings Hong Kong is unique and popular models of party conflicts are hardly applicable to the country. Intra-party conflict is an obvious, expected conflict because of differences in formation, leadership, manifestoes and ideologies. The present author tries to examine the case with a view to making a novel contribution. Originality/value The study of political factionalism is not uncommon in Hong Kong but this paper intends to study intra-party elite conflicts and self-democratisation of the Hong Kong DP as a case study which is seldom addressed. Consolidation is a possible scenario and its presence is evident when political elites increasingly demonstrate commitment towards creating a democratic regime and when they hold strong beliefs in democratic procedures and institutions as crucial to governing public life.
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Thèses sur le sujet "Hong Kong.Public institutions"

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Tam, Yuk-lum, et 譚旭林. « Contracting out estate management services in Hong Kong : institutions and collective action ». Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2004. http://hub.hku.hk/bib/B29325353.

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Yeung, Lisa Wing-tsui. « Public discourses, social identities and political realities : the production of discursive space in decolonising Hong Kong ». Thesis, University of Sussex, 2001. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.390823.

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Poon, Kwok-chung Peter, et 潘國忠. « An institutional analysis of public engagement mechanisms for public works construction in Hong Kong ». Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2010. http://hub.hku.hk/bib/B46775857.

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Yuen, Yiu-kai Terence, et 阮耀啓. « Governing Hong Kong's welfare sector : an institutional analysis ». Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2000. http://hub.hku.hk/bib/B3196641X.

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徐寶玲 et Po-ling Chui. « Organising for the provision of public housing in Hong Kong : an institutional analysis of publicorganisations and policy design ». Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 1999. http://hub.hku.hk/bib/B31220708.

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Chui, Po-ling. « Organising for the provision of public housing in Hong Kong : an institutional analysis of public organisations and policy design / ». Hong Kong : University of Hong Kong, 1999. http://sunzi.lib.hku.hk/hkuto/record.jsp?B23427334.

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Hui, Eddie Chi Man. « Public housing in Hong Kong ». Thesis, University of Cambridge, 1996. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.387989.

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Cheung, Wai-ting Stephanie, et 張慧婷. « Public art in Hong Kong ». Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2004. http://hub.hku.hk/bib/B29521749.

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蔡淑嫻 et Suk-han Alexandra Choi. « Performance management in tertiary institutions in Hong Kong : the case of the University of Hong Kong ». Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2002. http://hub.hku.hk/bib/B31966809.

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Choi, Suk-han Alexandra. « Performance management in tertiary institutions in Hong Kong : the case of the University of Hong Kong / ». Hong Kong : University of Hong Kong, 2002. http://sunzi.lib.hku.hk/hkuto/record.jsp?B25139538.

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Livres sur le sujet "Hong Kong.Public institutions"

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Fong, Brian C. H. Hong Kong Public Budgeting. Singapore : Springer Singapore, 2022. http://dx.doi.org/10.1007/978-981-16-5363-6.

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Freris, Andrew. The financial markets of Hong Kong. London : Routledge, 1991.

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Ki, Ho Yan, Scott Robert Haney et Wong K. A, dir. The Hong Kong financial system. Hong Kong : Oxford University Press, 1991.

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Wong, Kam C. Public Order Policing in Hong Kong. Cham : Springer International Publishing, 2019. http://dx.doi.org/10.1007/978-3-319-98672-2.

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Beecham, B. Julian. Monetary and financial system in Hong Kong. 3e éd. Hong Kong : Hong Kong Institute of Bankers, 2002.

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Wong, Kam C. Policing in Hong Kong. Farnham, Surrey [UK] : Ashgate, 2011.

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Huque, Ahmed Shafiqul. Managing Public Services : Crises and Lessons from Hong Kong : Crises and Lessons from Hong Kong. London : Taylor and Francis, 2017.

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Chuntang, Yang, et University of Hong Kong. University Museum and Art Gallery, dir. Hong Kong Government House, 1997-2005. [Hong Kong] : University Museum and Art Gallery, The University of Hong Kong, 2005.

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Liu, Zhaojia. Public attitude toward political parties in Hong Kong. Shatin, New Territories, Hong Kong : Hong Kong Institute of Asia-Pacific Studies, the Chinese University of Hong Kong, 1992.

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Tan, Chwee Huat. Singapore and Hong Kong as competing financial centres. Singapore : Saw Centre for Financial Studies, 2007.

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Chapitres de livres sur le sujet "Hong Kong.Public institutions"

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DeGolyer, Michael E. « Public Opinion on Hong Kong’s Transition ». Dans Institutional Change and the Political Transition in Hong Kong, 29–63. London : Palgrave Macmillan UK, 1998. http://dx.doi.org/10.1007/978-1-349-26296-0_2.

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Leung, Joan Y. H. « Political Parties : Public Perceptions and Implications for Change ». Dans Institutional Change and the Political Transition in Hong Kong, 85–120. London : Palgrave Macmillan UK, 1998. http://dx.doi.org/10.1007/978-1-349-26296-0_4.

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Kato, Atsushi. « Stuck in an Equilibrium of High Corruption : The Strait Gate to a Fair and Transparent Society ». Dans Sustainable Development Goals Series, 119–32. Singapore : Springer Nature Singapore, 2022. http://dx.doi.org/10.1007/978-981-19-4859-6_8.

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AbstractTarget 16.5 of SDGs aims to “Substantially reduce corruptionand bribery in all their forms.” It is widely accepted in economics that corruption aggravates the overall economic performance of a society. However, previous studies have also shown that firms providing bribes to public officials are likely to record higher sales growth, while public officials undoubtedly enjoy extra income or entertainment. Domestic and international actors have fought against corruption for long, but most of these efforts have failed, mainly due to the reluctance of public officials who benefit from the entangled networks of corruption. Corruption has become an equilibrium of the interactions of a variety of societal actors, which is thus considered a social institution. Historically, all societies were corrupt by today’s standards, but some of them have successfully overcome the hardship of escaping the equilibrium of corruption, achieving a more transparent society. The examples of such societies include Britain, the United States, Hong Kong and Singapore. These cases indicate that the strong political will of powerful elites is necessary for successful transitions. Many developing countries do not meet such conditions, which is a strait gate for a fair and transparent society.
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Cheung, Chau-kiu. « Sustaining institutions ». Dans Emerging Adulthood in Hong Kong, 102–46. Abingdon, Oxon ; NewYork, NY : Routledge, 2018. | Series : Routledge contemporary China series : Routledge, 2017. http://dx.doi.org/10.4324/9781315446882-4.

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Cheung, Chau-kiu. « Sustaining institutions ». Dans Emerging Adulthood in Hong Kong, 147–75. Abingdon, Oxon ; NewYork, NY : Routledge, 2018. | Series : Routledge contemporary China series : Routledge, 2017. http://dx.doi.org/10.4324/9781315446882-5.

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Cheung, Chau-kiu. « Challenging institutions ». Dans Emerging Adulthood in Hong Kong, 176–216. Abingdon, Oxon ; NewYork, NY : Routledge, 2018. | Series : Routledge contemporary China series : Routledge, 2017. http://dx.doi.org/10.4324/9781315446882-6.

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Cheung, Chau-kiu. « Challenging institutions ». Dans Emerging Adulthood in Hong Kong, 217–49. Abingdon, Oxon ; NewYork, NY : Routledge, 2018. | Series : Routledge contemporary China series : Routledge, 2017. http://dx.doi.org/10.4324/9781315446882-7.

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Fong, Brian C. H. « Budgetary Institutions ». Dans Hong Kong Studies Reader Series, 13–34. Singapore : Springer Singapore, 2021. http://dx.doi.org/10.1007/978-981-16-5363-6_2.

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Wong, Man-Kong. « Politics and Public Administration ». Dans Hong Kong History, 1–37. Singapore : Springer Singapore, 2021. http://dx.doi.org/10.1007/978-981-16-2806-1_1.

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Law, Yuen-Han. « Public Health and Infectious Diseases (1842–1970) ». Dans Hong Kong History, 261–84. Singapore : Springer Singapore, 2021. http://dx.doi.org/10.1007/978-981-16-2806-1_11.

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Actes de conférences sur le sujet "Hong Kong.Public institutions"

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Dukić, Zvjezdana. « Learning with smartphones : a Hong Kong experience ». Dans INFuture2015 : e-Institutions – Openness, Accessibility, and Preservation. Department of Information and Communication Sciences, Faculty of Humanities and Social Sciences, Zagreb, Croatia, 2015. http://dx.doi.org/10.17234/infuture.2015.40.

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Tang, Wei. « Hong Kong public transit fare mechanism research ». Dans 2011 International Conference on Transportation and Mechanical & Electrical Engineering (TMEE). IEEE, 2011. http://dx.doi.org/10.1109/tmee.2011.6199143.

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Lam, Sze Chuen, et Kwok Chuen Chung. « Precast to Last — Hong Kong Public Housing Experience ». Dans 7th International Conference on Tall Buildings. Singapore : Research Publishing Services, 2009. http://dx.doi.org/10.3850/9789628014194_0085.

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Chen, Antong. « Hong Kong Action Films’ Aesthetics of Violence ». Dans 2021 International Conference on Public Art and Human Development ( ICPAHD 2021). Paris, France : Atlantis Press, 2022. http://dx.doi.org/10.2991/assehr.k.220110.023.

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Savelyeva, Tamara. « Education for Sustainable Development Goals in Hong Kong Public Universities ». Dans 2023 AERA Annual Meeting. Washington DC : AERA, 2023. http://dx.doi.org/10.3102/2012120.

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Savelyeva, Tamara. « Education for Sustainable Development Goals in Hong Kong Public Universities ». Dans AERA 2023. USA : AERA, 2023. http://dx.doi.org/10.3102/ip.23.2012120.

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Pan, Wen, Bahriye Ilhan et Thomas Bock. « Process information modelling for public housing construction project in Hong Kong ». Dans Creative Construction Conference 2018. Budapest University of Technology and Economics, 2018. http://dx.doi.org/10.3311/ccc2018-011.

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LAM, S. C., K. C. CHUNG et S. W. SHAM. « A BREAKTHROUGH IN PRECASTING OF PUBLIC HOUSING BLOCKS IN HONG KONG ». Dans Tall Buildings from Engineering to Sustainability - Sixth International Conference on Tall Buildings, Mini Symposium on Sustainable Cities, Mini Symposium on Planning, Design and Socio-Economic Aspects of Tall Residential Living Environment. WORLD SCIENTIFIC, 2005. http://dx.doi.org/10.1142/9789812701480_0096.

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To, W. M., et A. Chung. « e-Appraisal of soundscape for public squares in Hong Kong, China ». Dans 174th Meeting of the Acoustical Society of America. Acoustical Society of America, 2017. http://dx.doi.org/10.1121/2.0000828.

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« Policy Research on the Introduction of Talents from Hong Kong and Macao to Higher Education Institutions in Guangdong-Hong Kong-Macao Greater Bay Area ». Dans 2020 International Conference on Educational Training and Educational Phenomena. Scholar Publishing Group, 2020. http://dx.doi.org/10.38007/proceedings.0000958.

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Rapports d'organisations sur le sujet "Hong Kong.Public institutions"

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Cheung, T. Terry, Theodore Palivos, Ping Wang, Yin-Chi Wang et Chong Yip. Dynamic Trade, Endogenous Institutions and the Colonization of Hong Kong : A Staged Development Framework. Cambridge, MA : National Bureau of Economic Research, octobre 2017. http://dx.doi.org/10.3386/w23937.

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Tcha, MoonJoong. From Potato Chips to Computer Chips : Features of Korea's Economic Development : Knowledge Sharing Forum on Development Experiences : Comparative Experiences of Korea and Latin America and the Caribbean. Inter-American Development Bank, juin 2015. http://dx.doi.org/10.18235/0007002.

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When considering countries of phenomenal economic development and growth, Korea is among the top tiers. While there are other economies with similar economic growth, including those of Singapore, Hong Kong, and Taiwan, the economic growth of Korea is exceptional considering that the country lacked basic economic foundation in the past. R. Lucas Jr. (1993), a Nobel Laureate in economics and also a renowned scholar of the respective field, praised the country's economic success, by stating that "I do not think it is in any way an exaggeration to refer to this continuing transformation of Korean society as a miracle". As an evidence for his argument, he asserted "Never before have the lives of so many people undergone so rapid an improvement over so long a period, nor is there any sign that this progress is near its end". Yet, the history of Korea is more than just its outcome; it is the history of continuous national ordeal, a series of challenges and crisis that required people to toil night and day to overcome the situation. If it were not for today's splendid economic success, it would have been more appropriate to describe the history of Korea as that of wretchedness and misery. The fact that South Korea became one of the leading nations in the world is nothing less than a miracle, considering that it underwent many hardships after its independence such as fratricidal Korean War, a long period of dictatorship, 4.19 revolution as a reactionary to the dictatorship, 5.16 military coup, the engagement in the Vietnam War, two oil crises, another military coup afterwards, civil revolutions, a foreign exchange crisis, and the global economic crisis. Economic growth means value-added increase in a certain period of time. To boost this value-added increase, the elements of production such as labor, capital, and land must be both accumulated and invested. Furthermore, it requires the effective use of these elements by combining them when necessary, so that the best value can be drawn out. In other words, the vital factor in economic growth is raising productivity. Then, given similar situations, how come some countries show different performance in factor accumulation or productivity improvement? The accumulation of resources and increase of productivity depend on economic incentive. Proper institution in an economy that provides incentives for economic agents enables factors to flow and to be accumulated where productivity is high. It also gives motivation for innovation and improvement of productivity. Competition in product markets and acquisition of resources and raw materials with low cost through an open-door policy can induce the accumulation of elements and improvement of technology, where in a broader perspective, open-door policy can also be considered as a part of institution.The growth of the Korean economy is unique since only a few economies could demonstrate compatibly high growth rates for a long period. However, at the same time, Korea's case is never unique as its success story is based on factor accumulation, productivity enhancement and, most of all, a fundamental called institution. Its growth was possible due to the fact that there was a proper functioning of market backed by the establishment of proper institutions. The Korean government indeed worked favorably towards the establishment of institution and running of economy in a market-friendly manner. Some features of its growth pattern are worthwhile to be illustrated as there are still a large number of developing countries and high income countries with unstable institutions worldwide, which could gain from a part of Korea's story, at least, and collect substantial knowledge for their future growth.
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