Korea’s Paradigm Shift for Sustainable and Inclusive Growth: A Proposal - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Korea’s Paradigm Shift for Sustainable and Inclusive Growth: A Proposal write by Yangkyoon Byeon. This book was released on 2017-11-17. Korea’s Paradigm Shift for Sustainable and Inclusive Growth: A Proposal available in PDF, EPUB and Kindle. 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
Korea's Paradigm Shift for Sustainable and Inclusive Growth - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Korea's Paradigm Shift for Sustainable and Inclusive Growth write by . This book was released on 2017. Korea's Paradigm Shift for Sustainable and Inclusive Growth available in PDF, EPUB and Kindle. 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
OECD Economic Surveys: Korea 2018 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook OECD Economic Surveys: Korea 2018 write by OECD. This book was released on 2018-06-20. OECD Economic Surveys: Korea 2018 available in PDF, EPUB and Kindle. 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 ...
Labor Market Duality in Korea
Labor Market Duality in Korea - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Labor Market Duality in Korea write by Johanna Schauer. This book was released on 2018-06-01. Labor Market Duality in Korea available in PDF, EPUB and Kindle. Labor market duality is a complex and critical issue for many countries that can lower productivity, contribute to inequality and result in negative externalities. In this paper, I study duality in the Korean labor market and analyze its sources and potential policy options. I find that employment protection legislations and large productivity differentials are the key drivers of Korea’s duality. In addition, applying a general equilibrium search-and-matching model and calibrating it to the Korean economy, I show that well-calibrated flexicurity policies can significantly reduce duality and inequality and raise welfare and productivity. Notably, the introduction of all three pillars—flexiblity, a strong safety net and active labor market policies—is critical for its success. If only one pillar is introduced it can result in negative side-effects and might not reduce duality.
Can Green Sustain Growth?
Can Green Sustain Growth? - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Can Green Sustain Growth? write by John Zysman. This book was released on 2013-11-27. Can Green Sustain Growth? available in PDF, EPUB and Kindle. Green growth has proven to be politically popular, but economically elusive. Can Green Sustain Growth? asks how we can move from theoretical support to implementation, and argues that this leap will require radical experimentation. But systemic change is costly, and a sweeping shift cannot be accomplished without political support, not to mention large-scale cooperation between business and government. Insightful and timely, this book brings together eight original, international case studies to consider what we can learn from the implementation of green growth strategies to date. This analysis reveals that coalitions for green experimentation emerge and survive when they link climate solutions to specific problems with near-term benefits that appeal to both environmental and industrial interests. Based on these findings, the volume delivers concrete policy recommendations for the next steps in the necessary shift toward sustainable prosperity.
