Republic of Korea : Staff Report for the 2006 Article IV Consultation

1KOREA2006001 Image
Price:  $18.00

Release Date: © October, 2006
ISBN : 978-1-45182-219-9
Stock #: 1KOREA2006001
English
Stock Status: On back-order

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Description

Korea has enjoyed strong growth owing to rapidly increasing exports and consumption. Potential growth is slowing as the population ages, whereas social polarization is growing. Korea should implement plans to build an advanced financial system and improve service productivity by opening the sector to more competition and enhancing small firms’ access to finance. It should also address the prospective long-term deterioration of the fiscal position owing to population aging by tackling the health care and pension problems, and increase labor market flexibility.

Taxonomy

Economic cooperation , Globalization




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