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Korea is in the initial stages of implementing performance-based budgeting. The system was introduced as part of a comprehensive fiscal reform package in the late 1990s. This article discusses the background, framework and implementation of performance budgeting and its impact in the budget process.
Korea has one of the lowest tax burdens in the OECD area, reflecting its small public sector. However, rapid population ageing will put upward pressure on government spending.
- Economic Survey of Korea 2008
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This report assesses progress made since 2000 and analyses many of the lessons of implementation of regulatory reform. It also highlights possible responses to current challenges (ageing society, future welfare needs) and includes a new special chapter on tertiary education.
This book reviews the experiences of eight OECD countries which have developed and used performance information in the budget process over the past ten years. The book offers guidelines and recommendations on adapting budget systems to promote the use of performance information.
Despite concern about the negative impacts of globalisation on the economies of OECD regions, "Globalisation and Regional Economies" presents evidence that region-specific advantages remain a significant source of productivity gain for firms.
"Competitive Regional Clusters: National Policy Approaches" analyses the objectives, targeting, instruments and inter-governmental role sharing used by 26 programmes in 14 OECD countries.
After the severe financial crisis of 1997-98, South Korea underwent numerous changes to address its structural weaknesses and widening disparities between regions and promote regional innovation. This review discusses South Korea's rapid recovery and its future territorial development.
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Can the national administration ensure that social and economic regulations are based on core principles of good regulation? Regulatory reform requires clear policies and the administrative machinery to carry them out, backed by concrete politica...
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This is a case study on the quality of public expenditure in Korea. It focuses on the imperitive for change, new initiatives in place, performance-based budgeting, the lessons learned and issues raised.
Joint OECD - Korean government conference. Seoul, Korea, 2-3 May 2002.