콘텐츠 바로가기
로그인
컨텐츠
  • HOME
  • SEARCH
PLUS Text Size MINUS RESET
FACEBOOK TWITTER Linked In

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy General

Print

OECD Economic Surveys: Korea 2007 : Enhancing the globalisation of Korea

Related Document
Frame of Image
  • OECD Economic Surveys: Korea 2007
  • OECD
  • Organization for Economic Cooperation and Development


link
Title OECD Economic Surveys: Korea 2007
Similar Titles
Sub Title

Enhancing the globalisation of Korea

Material Type Reports
Author(English)

OECD

Publisher

[Paris, France] : Organization for Economic Cooperation and Development

Date 2007-06
Pages 34
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < General
Holding OECD
License

Abstract

Globalisation through foreign direct investment (FDI), international trade and international movements of labour is a key force driving economic growth. Although Korea has become more integrated in the world economy over the past decade, it still ranks low in terms of import penetration, the stock of inward FDI relative to GDP and foreign workers as a share of the labour force. A number of policy reforms would help Korea make greater use of goods, services, capital and human resources from abroad: i) reducing barriers to FDI, including foreign ownership limits in some sectors;ii) focusing on attracting FDI by improving the business and living environment rather than through special zone schemes;iii) reducing import barriers, particularly in agriculture, through multilateral trade negotiations and WTO-consistent regional trade agreements;iv) relaxing product market regulations, notably in services;and v) easing controls on and facilitating the inflow of both low and high-skilled workers.