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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.
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For one hundred and forty two years The Statesman's Yearbook has been relied upon to provide accurate and comprehensive information on the current, political, economic and social status of every country in the world. The 2006 edition is fully updated and contains more information than ever before. A foldout colour section provides a political world map and flags for the one hundred and ninety two countries of the world. In an endlessly changing world the annual publication of The Statesman's Yearbook gives you all of the information you need in one easily digestible single volume. It will save hours of research and cross-referencing between different sources, and it is an essential annual purchase.
The Statesman's Yearbook , now in a new, enlarged format, contains profiles of every country in the world and includes 20% new content. All print purchases now receive online access at no extra cost, with a single-user licence giving access to the full text online, updated regularly and fully searchable. For queries - sybinfo@palgrave.com
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