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Introduction to public-private partnership system and case studies of Korea

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Frame of Image vernment expenditure, especially in the social welfare sector and economic sector. l l Economic expenditure stayed within the range of 4~6% of GDP and increased to above 6% from mid-1990s. Meanwhile, social welfare expenditure in the early 1970s was merely 1% of GDP, but it drastically increased from the late 1990s. (Total Expenditure/GDP, %) (Expenditure by Sector/GDP, %) Economic Educational Others Welfare Defense Total Note: 1) Economic expenditure includes housing and local development expenditures. 2) Welfare expenditure is a sum of health and social protection expenditures. 3) Other expenditures consist of general public administration, public order and safety, environmental protection, expenditures on recreation, culture, and religion. Source: Economic Statistics System, from “Historical Evaluation of Korean Fiscal Policy,” Young-sun Ko, Mar. 2008. 3 Why PPP in Korea: Financial Crisis and the Need for Fiscal Soundness q Financial crisis in 1997-1998 l l Per capita income sharply dropped after the crisis: from US$12,197 (1996) to US$7,355 (1998) In the wake of the financial crisis, the issue of fiscal soundness became an urgent policy agenda. Per capita income ($) 20,000 15,000 10,000 5,000 Korean War (1950-53) Liberation from Japanese Colonial Rule (1910-45) Six 5-Year-EconomicDevelopment Plans Military Coup 1,000(1977) in 1961 1970 1980 1990 1996 1998 21,695 Financial Crisis 12,197 7,355 67 1945 1953 79 1960 2007 2008 2009 4 Why PPP in Korea: Introduction of Public-Pr


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Title Introduction to public-private partnership system and case studies of Korea
Similar Titles
Material Type Proceedings
Author(English)

Korea Development Institute

Publisher

[Sejong, South Korea] : KDI School of Public Policy and Management
Date 2017-02
Pages 57
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format ppt
Subject Economy < Economic System
Social Development < Social Welfare
Holding KDI School of Public Policy and Management
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