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.
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 greenhouse gas emissions almost doubled between 1990 and 2005, the highest growth rate in the OECD area.
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This note is taken from Chapter 3 of Economic Policy Reforms: Going for Growth 2010.
Economic forecasts for GDP, unemployment, inflation and fiscal balance.
A year ahead of Korea chairing the next G20 Summit, Mr. Gurría described in Seoul the “cocktail” of strategy, policies and framework conditions that will enable economies to harness new sources of economic growth, prevent environmental degradation and enhance the quality of life.
OECD Secretary-General Angel Gurría has warned that unless a new generation of statistics is developed to measure social progress and well-being, people may lose confidence in institutions and in the capacity of governments to address their problems.
Assessing the progress and failings of our societies requires a far broader set of measures than just economic indicators.
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External links to: recent economic data; current interest rates and exchange rates; latest macroeconomic reports; current outlook and projections; government budget information; speeches; relevant sites.
Country Notes from OECD Economic Policy Reforms: Going for growth 2011 presenting OECD recommendations for structural reform priorities for individual countries.