Korea’s Paradigm Shift for Sustainable and Inclusive Growth: A Proposal

Korea’s Paradigm Shift for Sustainable and Inclusive Growth: A Proposal

Author: Yangkyoon Byeon

Publisher: International Monetary Fund

Published: 2017-11-17

Total Pages: 41

ISBN-13: 1484330390

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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.


Book Synopsis Korea’s Paradigm Shift for Sustainable and Inclusive Growth: A Proposal by : Yangkyoon Byeon

Download or read book Korea’s Paradigm Shift for Sustainable and Inclusive Growth: A Proposal written by Yangkyoon Byeon and published by International Monetary Fund. This book was released on 2017-11-17 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Author:

Publisher:

Published: 2017

Total Pages: 40

ISBN-13:

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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.


Book Synopsis Korea's Paradigm Shift for Sustainable and Inclusive Growth by :

Download or read book Korea's Paradigm Shift for Sustainable and Inclusive Growth written by and published by . This book was released on 2017 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Author: OECD

Publisher: OECD Publishing

Published: 2018-06-20

Total Pages: 160

ISBN-13: 9264300821

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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 ...


Book Synopsis OECD Economic Surveys: Korea 2018 by : OECD

Download or read book OECD Economic Surveys: Korea 2018 written by OECD and published by OECD Publishing. This book was released on 2018-06-20 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Author: Johanna Schauer

Publisher: International Monetary Fund

Published: 2018-06-01

Total Pages: 36

ISBN-13: 1484357930

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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.


Book Synopsis Labor Market Duality in Korea by : Johanna Schauer

Download or read book Labor Market Duality in Korea written by Johanna Schauer and published by International Monetary Fund. This book was released on 2018-06-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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?

Author: John Zysman

Publisher: Stanford University Press

Published: 2013-11-27

Total Pages: 347

ISBN-13: 080478857X

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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.


Book Synopsis Can Green Sustain Growth? by : John Zysman

Download or read book Can Green Sustain Growth? written by John Zysman and published by Stanford University Press. This book was released on 2013-11-27 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Handbook on Green Growth

Handbook on Green Growth

Author: Roger Fouquet

Publisher: Edward Elgar Publishing

Published: 2019

Total Pages: 528

ISBN-13: 1788110684

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Economies around the world have arrived at a critical juncture: to continue to grow fuelled by fossil fuels and exacerbate climate change, or to move towards more sustainable, greener, growth. Choosing the latter is shown to help address climate change, as well as present new economic opportunities. This Handbook provides a deeper understanding of the concept of green growth, and highlights key lessons from the experience of green transformations across the world following a decade of ambitious stimulus packages and green reforms.


Book Synopsis Handbook on Green Growth by : Roger Fouquet

Download or read book Handbook on Green Growth written by Roger Fouquet and published by Edward Elgar Publishing. This book was released on 2019 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economies around the world have arrived at a critical juncture: to continue to grow fuelled by fossil fuels and exacerbate climate change, or to move towards more sustainable, greener, growth. Choosing the latter is shown to help address climate change, as well as present new economic opportunities. This Handbook provides a deeper understanding of the concept of green growth, and highlights key lessons from the experience of green transformations across the world following a decade of ambitious stimulus packages and green reforms.

Sustainable, Smart and Solidary Seoul

Sustainable, Smart and Solidary Seoul

Author: Tony Robinson

Publisher: Springer Nature

Published: 2022-09-30

Total Pages: 195

ISBN-13: 3031135954

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This book showcases how innovative state policy in Korea transformed Seoul from one of the world’s most impoverished, polluted, and congested cities into a global leader in green urban planning, smart city innovations, and social economy initiatives that have dramatically improved the local quality of life. Today, Seoul’s urban planning innovations are increasingly touted as replicable best practices for export to cities across the globe. This book describes how innovative state policy has made Seoul a world leader in sustainable, smart, and solidary urban initiatives. Beginning in the 1960s, Seoul led the fastest urbanization and modernization project in world history, becoming a colossal 26-million-person metropolitan region and one of the largest footprints of humanity on earth, transforming the nation from one of the world’s poorest to having the 10th largest GDP in 2020. Today, Seoul has become one of the most productive and innovative urban agglomerations on earth. Seoul’s residents enjoy the world’s highest penetration of high-speed internet, a model mass transit system, and advanced smart-city technologies. The vast city has become increasingly green and sustainable, while also recycling about 90% of all waste. Seoul has become a leader in social economy innovations like cooperative villages, mutual benefit societies, and social investment funds that advance equitable development goals amid a booming capitalist economy. To broaden our imagination of what good urbanism can achieve, this book reviews Seoul’s recent innovations in smart, sustainable, and solidary urbanism, including: green urban planning, sustainable development through recycling and reuse, well-managed mass transit, smart city design, and solidarity economy initiatives.


Book Synopsis Sustainable, Smart and Solidary Seoul by : Tony Robinson

Download or read book Sustainable, Smart and Solidary Seoul written by Tony Robinson and published by Springer Nature. This book was released on 2022-09-30 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book showcases how innovative state policy in Korea transformed Seoul from one of the world’s most impoverished, polluted, and congested cities into a global leader in green urban planning, smart city innovations, and social economy initiatives that have dramatically improved the local quality of life. Today, Seoul’s urban planning innovations are increasingly touted as replicable best practices for export to cities across the globe. This book describes how innovative state policy has made Seoul a world leader in sustainable, smart, and solidary urban initiatives. Beginning in the 1960s, Seoul led the fastest urbanization and modernization project in world history, becoming a colossal 26-million-person metropolitan region and one of the largest footprints of humanity on earth, transforming the nation from one of the world’s poorest to having the 10th largest GDP in 2020. Today, Seoul has become one of the most productive and innovative urban agglomerations on earth. Seoul’s residents enjoy the world’s highest penetration of high-speed internet, a model mass transit system, and advanced smart-city technologies. The vast city has become increasingly green and sustainable, while also recycling about 90% of all waste. Seoul has become a leader in social economy innovations like cooperative villages, mutual benefit societies, and social investment funds that advance equitable development goals amid a booming capitalist economy. To broaden our imagination of what good urbanism can achieve, this book reviews Seoul’s recent innovations in smart, sustainable, and solidary urbanism, including: green urban planning, sustainable development through recycling and reuse, well-managed mass transit, smart city design, and solidarity economy initiatives.

OECD Urban Policy Reviews, Korea 2012

OECD Urban Policy Reviews, Korea 2012

Author: OECD

Publisher: OECD Publishing

Published: 2012-04-27

Total Pages: 184

ISBN-13: 926417415X

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This Urban Policy Review of Korea assesses Korea’s approach to sustainable urban development as expressed in its recent urban policy reform and national green growth agenda. The government has responded to the economic, environmental and social ...


Book Synopsis OECD Urban Policy Reviews, Korea 2012 by : OECD

Download or read book OECD Urban Policy Reviews, Korea 2012 written by OECD and published by OECD Publishing. This book was released on 2012-04-27 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Urban Policy Review of Korea assesses Korea’s approach to sustainable urban development as expressed in its recent urban policy reform and national green growth agenda. The government has responded to the economic, environmental and social ...

Routledge Handbook of Korean Politics and Public Administration

Routledge Handbook of Korean Politics and Public Administration

Author: Chung-in Moon

Publisher: Routledge

Published: 2020-01-29

Total Pages: 539

ISBN-13: 1317337301

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The Routledge Handbook of Korean Politics and Public Administration gathers the expertise of leading international scholars to survey the full spectrum of contemporary South Korean international relations, public management, and public policies. Divided into four parts, the handbook covers a range of issues including: domestic Korean political parties, elections and leadership, foreign policy, national security and relations with North Korea, public administration, governance and finance, and economic, social and environmental public policies. Offering a complete overview of the field, the handbook is an invaluable resource for academics, researchers, policy analysts, graduate and undergraduate students studying South Korean Politics and International Relations as well as East Asian Politics.


Book Synopsis Routledge Handbook of Korean Politics and Public Administration by : Chung-in Moon

Download or read book Routledge Handbook of Korean Politics and Public Administration written by Chung-in Moon and published by Routledge. This book was released on 2020-01-29 with total page 539 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Routledge Handbook of Korean Politics and Public Administration gathers the expertise of leading international scholars to survey the full spectrum of contemporary South Korean international relations, public management, and public policies. Divided into four parts, the handbook covers a range of issues including: domestic Korean political parties, elections and leadership, foreign policy, national security and relations with North Korea, public administration, governance and finance, and economic, social and environmental public policies. Offering a complete overview of the field, the handbook is an invaluable resource for academics, researchers, policy analysts, graduate and undergraduate students studying South Korean Politics and International Relations as well as East Asian Politics.

Building the future we want

Building the future we want

Author: Rajendra K. Pachauri

Publisher: The Energy and Resources Institute (TERI)

Published: 2014-08-01

Total Pages: 253

ISBN-13: 8179935752

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The 2015 edition of A Planet for Life reaches bookshelves in a landmark year for the world. A new development cooperation framework is being crafted while sustainable development goals (SDGs) are being laid out to address the 21st century’s most urgent sustainable development issues. A Planet for Life provides first hand analysis and narrative of ongoing transformation and sustainable development challenges in key countries. It tours five continents to shed light on what countries and regions are actually doing to achieve sustainable development, tackling their own local – and global – problems, and exploring different pathways towards sustainability. It explores implementation issues and financing for development options more specifically, with an overview of key propositions for making sustainable development financing a lever to transform economies and societies. Cities: steering towards sustainability (ISBN: 9788179931318) Innovation for Sustainable Development (ISBN: 9788179935569) Reducing Inequalities: a sustainable development challenge (ISBN: 9788179935309) Towards Agricultural Change? (ISBN: 9788179934432) Oceans: the new frontier (ISBN: 9788179934029)


Book Synopsis Building the future we want by : Rajendra K. Pachauri

Download or read book Building the future we want written by Rajendra K. Pachauri and published by The Energy and Resources Institute (TERI). This book was released on 2014-08-01 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2015 edition of A Planet for Life reaches bookshelves in a landmark year for the world. A new development cooperation framework is being crafted while sustainable development goals (SDGs) are being laid out to address the 21st century’s most urgent sustainable development issues. A Planet for Life provides first hand analysis and narrative of ongoing transformation and sustainable development challenges in key countries. It tours five continents to shed light on what countries and regions are actually doing to achieve sustainable development, tackling their own local – and global – problems, and exploring different pathways towards sustainability. It explores implementation issues and financing for development options more specifically, with an overview of key propositions for making sustainable development financing a lever to transform economies and societies. Cities: steering towards sustainability (ISBN: 9788179931318) Innovation for Sustainable Development (ISBN: 9788179935569) Reducing Inequalities: a sustainable development challenge (ISBN: 9788179935309) Towards Agricultural Change? (ISBN: 9788179934432) Oceans: the new frontier (ISBN: 9788179934029)