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Korea recovered faster and more vigorously from the global crisis than most OECD countries, but strong economic growth alone will not be enough to address the fundamental challenges posed by its rapidly ageing population and rising inequality, according to the latest Economic Survey of Korea.
While Korea remains one of the fastest-growing OECD economies, it faces the most rapid population ageing in the OECD area as well as rising inequality. Wide-ranging reforms, particularly in the labour market and the education system, are needed to sustain growth and promote social cohesion.
한국은 대부분의 OECD 국가들에 비해 보다 빠르고 역동적으로 2008년 세계 경제 위기로부터 회복했으며, 실업률과 국가 채무도 낮은 수준이다. 세계 경제 둔화를 반영하여, 2011년 후반부터 성장이 둔화되었지만, 2012년에도 약 3.5% 성장할 것으로 예상된다. 한국은 지난 10년간 실질 GDP가 연간 4%를 초과하여 성장하는 등, OECD 국가 중에서 가장 빠르게 성장하는 국가 중 하나였다. 빠른 성장으로 미국과 한국의 1인당 소득 격차는 1991년 62%에서 2010년에는 36%로 줄어들었다.
At the launch of the Economic Survey of Korea, A. Gurría. said the country needs to sustain strong economic growth while achieving social cohesion through a fair distribution of income.
Japanese, , 2,428kb
The Great East Japan Earthquake took a heavy toll of human lives and inflicted a massive economic damage, estimated at 3½ per cent of GDP. This event requires considerable time and a nation-wide effort of reconstruction. This is the first component of Prime Minister Noda’s “Strategies to Revitalise Japan”, which we very much welcome and support, said OECD Secretary-General.
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Japan has several major strengths it can draw upon but major reforms are needed on several fronts. A keystone of the Revitalisation strategy is tax reform, not only to boost revenues but also to support growth and make it greener and more inclusive.
Notwithstanding impressive progress, poverty and inequality remain high in Chile in OECD comparison, and the tax-benefit system does little to improve on this.
The OECD’s latest Economic Survey of Korea, to be published on Thursday 26 April 2012, discusses the country’s fast and vigorous recovery from the global economic crisis, as well as the challenges it faces to sustain long-term growth.
Poor growth performance over the past decades in Europe has increased concerns for rising income dispersion and social exclusion.