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Korea - Economic Policy Reforms 2011

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  • Korea - Economic Policy Reforms 2011
  • OECD
  • Organization for Economic Cooperation and Development (OECD)


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Title Korea - Economic Policy Reforms 2011
Similar Titles
Material Type Others
Author(English)

OECD

Publisher

Organization for Economic Cooperation and Development (OECD)

Date 2011
Language English
File Type Link
Subject Economy < General

Abstract

The GDP per capita gap with the upper half of OECD countries continues to narrow while the labour utilisation rate remains the highest in the OECD. The remaining income gap is due to shortfalls in productivity, especially in services. This can be largely addressed by implementing further reforms in the areas below. Also, crisis-related measures to assist small and medium-sized enterprises should be scaled back to avoid supporting non-viable firms.