English, , 893kb
Korea’s strong recovery from the global downturn has been driven by buoyant export growth and an effective policy response, including large-scale fiscal stimulus. Maintaining growth depends on raising productivity, particularly in services, and reforming the labour market so as to reduce dualism and promote greater labour force participation. It is important to encourage corporate restructuring by scaling back support for SMEs. Rapid
Korean, , 335kb
Korean summary of the OECD-FAO Agricultural Outlook 2010, assessing agricultural market prospects for production, consumption, trade, stocks and prices of featured commodities.
This book sheds light on the use of tax expenditures, mainly through a study of ten OECD countries: Canada, France, Germany, Japan, Korea, Netherlands, Spain, Sweden, the United Kingdom and the United States. It highlights key trends and successful practices.
English, , 202kb
A study of water pricing in Japan and Korea, a background report to the book Sustainable Management of Water Resources in Agriculture (OECD, 2010).
Dedicated public-private partnership (PPP) units are set up with full or partial aid of the government to ensure that the skills needed to handle third-party provision of goods and services are made available and clustered together. This book provides an overview of dedicated PPP units
English, , 123kb
This note is taken from Chapter 3 of Economic Policy Reforms: Going for Growth 2010.
Society at a Glance – Asia/Pacific Edition 2009 offers a concise quantitative overview of social trends and policies across Asia-Pacific economies.
English, , 210kb
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.
This publication assesses the current status of Korea’s innovation system and policies, and identifies where and how the government should focus its efforts to improve the country’s innovation capabilities.
This report assesses the current status of Korea’s innovation system and policies, and identifies where and how the government should focus its efforts to improve the country’s innovation capabilities. It finds that Korea has one of the highest rates of spending on R&D in the world, much of which is performed by private firms. It also has a highly educated labour force – as signalled by its impressive PISA performance and exceptionally high rates of tertiary level graduation – with a strong interest in science and technology.
However, a number of bottlenecks persist that hamper Korea’s economic convergence with the leading OECD economies. These include a relatively weak SME sector and weak performance in services, as well as lagging capacities to conduct leading-edge research in many areas. Furthermore, Korea faces numerous threats in the mid term, notably increased levels of competition from China and other newly-industrialising economies, the lowest fertility rate in the OECD and an ageing society, and a continuing high dependency on imports of natural resources, particularly hydrocarbons. In the shorter term, the economic crisis offers its own challenges, with the need for some policy adjustments to deal with expected falls in business investment in R&D and growing levels of unemployment among the highly skilled.