Confucianism, Economic Growth and Democracy

Abstract

Abstract: While abundant works have been produced to examine the role of Confucianism in economic development and the relationship of economic growth with democracy, in the discourses dealing with Confucianism and development are generally missing a systematic look at the intricate interrelationship between Confucianism, economic growth and the democratic transition and/or consolidation. This paper is an attempt to locate this missing link among the three phenomena on a theoretical plane, illustrating the points by the historical experience of East Asia, particularly Korea. Since many have misconstrued the nature of Confucianism in introducing it in the development discourse, it needs to be carefully redefined in the relevant historical context in order to understand its role in the economic and political development of East Asia. Historically, Confucianism has been a negative and at most a passive cultural element in either economic or political modernization. Some aspects of it are still an obstacle, especially to democracy. Confucian ways of thinking and behavior that have long been embodied in the culture and psyche of East Asian societies must have played a role in promoting economic growth and democratic change. Theoretical and historical studies should be able to carefully discern these elements.