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Energy policies of IEA countries : The Republic of Korea (2012 Review)

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Title Energy policies of IEA countries
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Sub Title

The Republic of Korea (2012 Review)

Material Type Reports
Author(English)

International Energy Agency

Publisher

Paris:International Energy Agency

Date 2012
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < Energy
Territorial Development < Environment
Holding International Energy Agency

Abstract

As in most other developed countries, the growth of the public sector has become an important issue in the economic and political debate of Korea in recent years. In 1953 the public sector was relatively small compared to other developed countries, but since the end of the Korean War, the public sector has grown dramatically. Over the last four decades, governments have exerted an enormous influence on the level and allocation of scare resources in the economy. Especially, since the early 1960s, government involvement in the economy has increased rapidly to promote export and economic growth. Although the public sector has played an important role during the Korean modernisation process and public expenditure has grown rapidly, few studies have been carried out to explain the sustained growth of public expenditure in Korea. (The rest omitted)