Inclusive Growth Review of Korea
Title | Inclusive Growth Review of Korea PDF eBook |
Author | Oecd |
Publisher | Org. for Economic Cooperation & Development |
Pages | 178 |
Release | 2021-02-08 |
Genre | |
ISBN | 9789264950917 |
Inclusive Growth Review of Korea Creating Opportunities for All
Title | Inclusive Growth Review of Korea Creating Opportunities for All PDF eBook |
Author | OECD |
Publisher | OECD Publishing |
Pages | 179 |
Release | 2021-02-08 |
Genre | |
ISBN | 9264490035 |
In recent years Korea has stepped up efforts to reduce inequalities in recognition that a fairer economic model is also the most sustainable one. In order to support this new policy direction, the OECD has carried out novel analysis of inclusive growth building on its Framework for Policy Action, developed by the OECD to improve the prospects of the groups left behind.
Korea’s Paradigm Shift for Sustainable and Inclusive Growth: A Proposal
Title | Korea’s Paradigm Shift for Sustainable and Inclusive Growth: A Proposal PDF eBook |
Author | Yangkyoon Byeon |
Publisher | International Monetary Fund |
Pages | 41 |
Release | 2017-11-17 |
Genre | Business & Economics |
ISBN | 1484330390 |
Korea is facing mounting economic challenges. Productivity growth has been on a trend decline amid demographic headwinds, while the societal demand for inclusive growth has been on a steep rise. Furthermore, the government-led unbalanced growth model—which served Korea well in the past—has become less effective and politically palatable in recent years. As such, Korea needs a major paradigm shift to embark on a new sustainable and inclusive growth path. But policy response has been modest at best with no major reforms being implemented over the past two decades. We propose a paradigm shift in Korea’s economic framework, involving a simultaneous big push for greater economic freedom and stronger social protection within the parameters set by long-run fiscal sustainability. We also provide a detailed account of structural reforms to boost economic freedom and sustainable funding plans for stronger social protection.
Korea's Paradigm Shift for Sustainable and Inclusive Growth
Title | Korea's Paradigm Shift for Sustainable and Inclusive Growth PDF eBook |
Author | |
Publisher | |
Pages | 40 |
Release | 2017 |
Genre | |
ISBN |
Korea is facing mounting economic challenges. Productivity growth has been on a trend decline amid demographic headwinds, while the societal demand for inclusive growth has been on a steep rise. Furthermore, the government-led unbalanced growth model—which served Korea well in the past—has become less effective and politically palatable in recent years. As such, Korea needs a major paradigm shift to embark on a new sustainable and inclusive growth path. But policy response has been modest at best with no major reforms being implemented over the past two decades. We propose a paradigm shift in Korea’s economic framework, involving a simultaneous big push for greater economic freedom and stronger social protection within the parameters set by long-run fiscal sustainability. We also provide a detailed account of structural reforms to boost economic freedom and sustainable funding plans for stronger social protection.
OECD Economic Surveys: Korea 2018
Title | OECD Economic Surveys: Korea 2018 PDF eBook |
Author | OECD |
Publisher | OECD Publishing |
Pages | 160 |
Release | 2018-06-20 |
Genre | |
ISBN | 9264300821 |
Economic growth picked up in 2017, but reforms are needed to sustain Korea's convergence toward the income levels in the most advanced countries. Its labour productivity is 46% below the top half of OECD countries, reflecting problems in the service sector. In addition, productivity in small ...
Development Centre Studies Can Social Protection Be an Engine for Inclusive Growth?
Title | Development Centre Studies Can Social Protection Be an Engine for Inclusive Growth? PDF eBook |
Author | OECD |
Publisher | OECD Publishing |
Pages | 102 |
Release | 2019-04-24 |
Genre | |
ISBN | 9264573712 |
The potential role of social protection in the development process has received heightened recognition in recent years, yet making a strong investment case for social protection remains particularly challenging in many emerging and developing countries. This report challenges us to think deeply about the economic rationale for social protection investments through an inclusive development lens. It helps us understand the links between social protection, growth and inequality; how to measure those links empirically; social protection’s impact on inclusive growth; and how to build a more solid economic case for greater social protection investments.
OECD Economic Surveys: Korea 2020
Title | OECD Economic Surveys: Korea 2020 PDF eBook |
Author | OECD |
Publisher | OECD Publishing |
Pages | 128 |
Release | 2020-08-11 |
Genre | |
ISBN | 926449619X |
Economic activity has contracted less in Korea than in other OECD countries, thanks to the prompt and effective reaction of the authorities to contain the spread of the COVID-19 virus and to the wide-ranging government support to households and businesses. Nevertheless, the pandemic generates strong headwinds.