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Dynamic Korea: a nation on the move

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Frame of Image competitiveness Job instability (Jobless Growth) instability (Jobless Growth) Increasing disparity (new divide) Pessimism
F F U U T T U U R R E E
세Exte환경변화 계적 rnal Pressure
N N O O W W
Globalization S&T revolution (IT, NT, BT etc) Surging-up of China ( + DDA, FTA) Optimism Setback for a new move forward - undergoing transformation for a new stage of sustainable development - possess dynamic potentials
3
‘Miracle’ story over - Nut-crackered btw. global leaders & rising new powers - Danger of implosion amid rising challenges from outside
*[Background] The Korean Economy Today *[Background] The Korean Economy Today
Amid precarious growth, Korea appears to lose long-term growth momentum
Growth Rate (1981-2002)
12
10.7 10.5 11.0 9.0 .2 9 8.2 7.2 6.5 6.5 6.1 5.4 8.3 8.9 6.8 5.5 5.0
Growth Trend & Sources
8.29
10.9 9.3 6.1 TFP Physical Capital
(%) 5.97 0.86 5.00 1.80 3.24 2.00
2.10
8 Growth Rate (%)
4
3.61
3.0 3.1
0 81 -4 -6.7 -8 85 90 95 97 01 Human Capital Labor
0.76 1.82 81∼90
0.87 1.00 91∼00
0.60 0.60 03∼12
4
*[Background] Korea’s Competitiveness: International Assessment
IMD and WEF ranking: overall Trend – Plunged after the Crisis → Recovered gradually – Recovery sagged after 2002 → re-declining lately
0 5 10 15 20 25 30 35 40 1996 1997 1998 1999 2000 2001 2002 2003 2004
5
WEF
IMD
*[Background] Korea’s Competitiveness: International Assessment
National Competitiveness: International Comparison
G-5 nations 5 대 선진국
U.S. 미국
East 동아시아Nations Asian 국가
J일N P본 K한국 OR
1996 1997 1998 1


Full Text
Title Dynamic Korea: a nation on the move
Similar Titles
Material Type Proceedings
Author(English)

Woo, Cheonsik

Date 2004
Pages 47
Language English
File Type Documents
Original Format pdf
Subject Economy < Macroeconomics
Holding KDI School of Public Policy and Management