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Economic activity has contracted less in Korea than in other OECD countries, thanks to the prompt and effective reaction of the authorities to contain the spread of the COVID-19 virus and to the wide-ranging government support to households and businesses. Nevertheless, the pandemic generates strong headwinds.
Economic growth picked up in 2017, but reforms are needed to sustain Korea's convergence toward the income levels in the most advanced countries. Its labour productivity is 46% below the top half of OECD countries, reflecting problems in the service sector. In addition, productivity in small ...
This book discusses the informatics industry in Brazil, France, India, Japan, Korea, Mexico, Taiwan, and the U.S., as models to examine the role of governments in promoting advanced technology. It considers the long-range policy analysis and evaluation necessary for fostering competitive industry.