콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy General

Print

Policy priorities for a dynamic, inclusive and creative economy

Related Document
Frame of Image
  • Policy priorities for a dynamic, inclusive and creative economy
  • OECD


link
Title Policy priorities for a dynamic, inclusive and creative economy
Similar Titles
Material Type Reports
Publisher

[Paris] : OECD

Date 2015-10
Series Title; No Better olicies series / South Korea
Pages 32
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < General
Holding OECD
License

Abstract

Rapid growth has allowed Korea achieve impressive convergence with the living standards of top-performing OECD countries in recent decades. It is consistently among the top performers in terms of investment in research and development (R&D) and student performance in standardised tests, while income inequalities are less stark than in many OECD countries. Economic growth in Korea has slowed in more recent years, however, while productivity is still only around half the level of leading OECD countries. Korea is also undergoing the most rapid population ageing process of any OECD country, which will reduce working-age population significantly and put pressure on public finances in the coming decades. These phenomena underline the importance of urgent policy action to raise productivity growth to put Korea on a stronger, more sustainable growth trajectory. (The rest omitted)