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02107cas a2200277 a 4500 |
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|c 5.00 USD
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|z 9781484329931
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Byeon, Yangkyoon.
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|a Korea's Paradigm Shift for Sustainable and Inclusive Growth :
|b A Proposal /
|c Yangkyoon Byeon, Kwanghae Choi, Heenam Choi, Jun Kim.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2017.
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| 300 |
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|a 1 online resource (41 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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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|a Mode of access: Internet
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|a Choi, Heenam.
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|a Choi, Kwanghae.
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|a Kim, Jun.
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|a IMF Working Papers; Working Paper ;
|v No. 2017/260
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2017/260/001.2017.issue-260-en.xml
|z IMF e-Library
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