Many of the leaders of Asian society have been saying that military dictatorship was the way and democracy was not good for their nation. They concentrated only on economic development. I believe that the fundamental cause of the financial crisis, including here in Korea, is because of placing economic development ahead of democracy.

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If we had true democracy in Korea, then the collusive intimacy between business and government and corruption would not have been as great here. And the wealth would not have been allocated to only a few people. Usually the dictatorship or authoritarian style of government lies to people.

I agonize over the suffering that the North Korean people must be experiencing. Every time I'm having a meal and I leave some food, I think about how much this food could do for suffering North Korean children. I really do want to do more to help them, but again, with such negative public opinion in this country, it is very difficult to go ahead with assistance.

So when the U.N. made a resolution and asked us to send troops to East Timor, we took this as a responsibility that we must take, and also this was to repay them for their favors. As for the secretary-general's statement that when there is a conflict between human rights and the sovereign right, that sometimes the human rights can override the sovereign right, I think in principle that is right, because before we had nations, we had God-given human rights.

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For human rights issues, I think the intervention or support from the outside world is important. But also the effort and sacrifice, or willingness to make sacrifices within, among the people of a nation is important. The Korean democracy -- we had a few decades of sacrifices and tens of people lost their lives because of this concept and hundreds of people were imprisoned because of this concept and we finally gained it. And also the support from the democratic-minded peoples and democratic countries was very important. Of course the prime example of that nation is the United States.

I am confident in my dealings with the heads. I believe that I have won their trust because, I have asked them for nothing. Unlike past presidents, I did not force them to give me money or political funds. Not a single cent. And, I have not shown favoritism to any particular chaebol. They know that I am fair.

In China and Korea, feudalism was brought down and replaced with counties and prefectures before the birth of Christ, and civil service exams to recruit government officials are a thousand years-old. The exercise of power by the king and high officials were monitored by robust systems of auditing. In sum, Asia was rich in the intellectual and institutional traditions that would provide fertile grounds for democracy. What Asia did not have was the organizations of representative democracy. The genius of the west was to create the organizations, a remarkable accomplishment that has greatly advanced the history of humankind.