government is aware that growth can be achieved only if Korea remains highly competitive exporter and makes substantial progress in technological development. He believes that "decentralized decision making may become the most effective means of achieving the efficient allocation of resources especially in a rapidly changing and highly competitive telecommunications environment" (800). Competition between companies creates a business environment of "efficient resource management and better access to capital for investment so that the sector assumes its rightful key role in the socio-economic developments to nations (198)." Furthermore, competitiveness cannot be maximized under bureaucratic intervention. Thus, liberalization is an important ingredient to progress in the telecommunications industry.According to R.M. Martin, "liberalization has made the shaping of policy more pluralist, increased the scope for lobbying by distributional coalitions, and given management incentives to evolve their own strategies for acquisition of larger market shares" (88). Because companies are more free to function away from government regulations, they are able to develop a more effective telecommunication market. Liberalization or decrease in government control allows companies to freely research and develop their own telecommunication products. Through their acquisition of profits away from government control, companies have the incentive to produce better quality, lower cost products and services.Myung-Jung Kim also supports liberalization and privatization of the telecommunications industry as in the broadcasting industry. She advocates the private system stating that the new media industry is so vast in scope that state or public organization alone is more than a match for its investment demand. A private system should be adopted to induce private capital and vitality. From a corporation's standpoint it is a golden opportunity for industrie...
