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Korea’s greenhouse gas emissions almost doubled between 1990 and 2005, the highest growth rate in the OECD area.
The intensification of the global financial crisis in late 2008 led to large capital outflows from Korea and turmoil in its capital markets.
Korea’s health-care system has contributed to the marked improvement in health conditions, while limiting spending to one of the lowest levels in the OECD through high patient co-payments and limited coverage of public health insurance.
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Speech of Mr. Angel Gurría, OECD Secretary-General
This study analyses the impact of economic catching up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe.
In his remarks Angel Gurría noted that key short-term task is to consolidate the emergence from recession. Looking further out, a key challenge is to make better use of South Africa’s abundant resources, both human and physical. Although growth performance has improved, South Africa stands out as having achieved no convergence on OECD average GDP per capita since 1994. The substantial civil and political liberties enjoyed in South
In his remarks Angel Gurría noted that the civil and political liberties enjoyed by South Africans are to a great extent thwarted by the burdens of joblessness, poverty, insecurity and poor education. The only way to meet the economic and social objectives of the government and the people of South Africa is to make better use of the country’s abundant resources, both human and physical, to promote and sustain faster growth.
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The South African economy is recovering from the crisis. Nevertheless deep structural reforms are necessary. The already strong macroeconomic policy framework should be further strengthened to resist excessive real appreciation.
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