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Author: OECD
Publisher: OECD Publishing
Published: 2018-06-20
Total Pages: 160
ISBN-13: 9264300821
DOWNLOAD EBOOKEconomic 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 ...
Author: Organisation for Economic Co-operation and Development
Publisher: OECD Publishing
Published: 1997
Total Pages: 72
ISBN-13:
DOWNLOAD EBOOKReport on the significance, direction, and means of reform in regulatory regimes in member countries. Contents: 1. Why reform regulations? 2. Effects of regulatory reform 3. Supporting public policy goals 4. Strategies for successful reform.
Author: Mr.Angel J. Ubide
Publisher: International Monetary Fund
Published: 1999-03-01
Total Pages: 67
ISBN-13: 1451844646
DOWNLOAD EBOOKAfter years of strong performance, Korea’s economy entered a crisis in 1997, owing largely to structural problems in its financial and corporate sectors. These problems emerged in the second half of that year, when the capital inflows that had helped finance Korea’s growth were reversed, as foreign investors—reeling from losses in other Southeast Asian economies—decided to reduce their exposure to Korea. This paper focuses on the sources of the crisis that originated in the financial sector, the measures taken to deal with it, and the evolution of key banking and financial variables in its aftermath.
Author: OECD
Publisher: OECD Publishing
Published: 2000-06-02
Total Pages: 319
ISBN-13: 9264181741
DOWNLOAD EBOOKThis Review presents an integrated assessment of regulatory reform in framework areas such as the quality of the public sector, competition policy and enforcement, and market openness in Korea.
Author: OECD
Publisher: OECD Publishing
Published: 2011-10-25
Total Pages: 155
ISBN-13: 9264116575
DOWNLOAD EBOOKThis report encourages governments to “think big” about the relevance of regulatory policy and assesses the recent efforts of OECD countries to develop and deepen regulatory policy and governance.
Author: Yangkyoon Byeon
Publisher: International Monetary Fund
Published: 2017-11-20
Total Pages: 41
ISBN-13: 1484329937
DOWNLOAD EBOOKKorea 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.
Author: Yung Chul Park
Publisher: Harvard University Press
Published: 2021-03-30
Total Pages: 375
ISBN-13: 9780674251281
DOWNLOAD EBOOKKorea's financial development has been a tale of liberalization and opening but the new system has failed to steer the country away from financial crises. This study analyzes the changes in the financial system and finds that financial liberalization has contributed little to grow and stabilize the Korean economy.
Author: Giuseppe Nicoletti
Publisher: World Bank Publications
Published: 2003
Total Pages: 68
ISBN-13:
DOWNLOAD EBOOKIn this paper, we relate the scope and depth of regulatory reforms to growth outcomes in OECD countries. By means of a new set of quantitative indicators of regulation, we show that the cross-country variation of regulatory settings has increased in recent years, despite extensive liberalisation and privatisation in the OECD area. We then look at the regulation-growth linkage using data that cover a large set of manufacturing and service industries over the past two decades. We focus on multifactor productivity (MFP), which plays a crucial role in GDP growth and accounts for a significant share of its cross-country variance. We find evidence that reforms promoting private governance and competition (where these are viable) tend to boost productivity. Both privatisation and entry liberalisation are estimated to have a positive impact on productivity. In manufacturing the gains are greater the further a given country is from the technology leader, suggesting that regulation limiting ...
Author: OECD
Publisher: OECD Publishing
Published: 2020-08-11
Total Pages: 128
ISBN-13: 926449619X
DOWNLOAD EBOOKEconomic 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.
Author: World Bank
Publisher: World Bank Publications
Published: 2019-11-21
Total Pages: 254
ISBN-13: 1464814414
DOWNLOAD EBOOKSeventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.
