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The Parallel Development of Democracy and Markets

  • Author(s): Shin, Doh Chull
  • et al.
Abstract

In East Asia, as in other regions of the world, democratic politics and free market economy have emerged as the twin goals of national development. This paper examines public's reactions to the dual or parallel transformation of authoritarian politics and crony capitalism into market democracy by considering jointly citizens’ basic orientations toward democracy and capitalism. Which subgroups are most and least supportive of the parallel development of democracy and capitalism? What factors motivate people to embrace capitalist democracy most and least powerfully? How does their embrace of capitalist democracy compare with their peers’ in advanced capitalist democracies in the North American region of the Pacific Rim? The paper addresses these questions with further analyses of the World Value Surveys conducted in seven East Asian countries—China, Japan, Korea, Indonesia, the Philippines, Singapore, and Vietnam—and two North American countries—the United States and Canada.

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