Koreas Growth Prospects Overcoming Demographics And Covid 19

Author : Mr. Andrew J Swiston
Publisher : International Monetary Fund
ISBN 13 : 151357521X
Total Pages : 38 pages
Book Rating : 4.16/5 ( download)

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Download or read book Korea’s Growth Prospects: Overcoming Demographics and COVID-19 written by Mr. Andrew J Swiston and published by International Monetary Fund. This book was released on 2021-03-26 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Korea’s economy has leaped to high-income status thanks to several decades of sustained high growth. However, population aging and shifts in global demand provide headwinds for future growth and Korea now faces the effects of COVID-19 on economic activity. This paper asseses the expected drag on potential growth from these factors and discusses policies that could provide offsetting upward momentum by facilitating structural transformation. We find that potential output growth slowed to about 21⁄2 percent before the COVID-19 pandemic and would have fallen to 2 percent by 2030, mainly due to demographic factors. Moreover, there is a possibility of scarring from the COVID-19 shock as adjustment frictions from structural rigidities interact with shifts in demand and supply patterns, lowering investment and labor force participation. At the same time, industry-level analysis suggests ample scope to raise productivity, especially in services where productivity gains have lagged. Addressing these rigidities could offset a large proportion of the expected downward pressure on potential output.

Author : National Intelligence Council
Publisher : Cosimo Reports
ISBN 13 : 9781646794973
Total Pages : 158 pages
Book Rating : 4.74/5 ( download)

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Download or read book Global Trends 2040 written by National Intelligence Council and published by Cosimo Reports. This book was released on 2021-03 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 926449619X
Total Pages : 128 pages
Book Rating : 4.94/5 ( download)

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Download or read book OECD Economic Surveys: Korea 2020 written by OECD and published by OECD Publishing. This book was released on 2020-08-11 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264568964
Total Pages : 308 pages
Book Rating : 4.69/5 ( download)

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Download or read book OECD Reviews of Innovation Policy: Korea 2023 written by OECD and published by OECD Publishing. This book was released on 2023-07-31 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: The "Miracle on the River Han" catapulted Korea from developing country to a prosperous economy, driven in part by advancements in science, technology, and innovation. Being the second-highest R&D spender among OECD economies, Korea excels in key technologies, including semiconductors, 6G, and ICT infrastructure.

Author : International Monetary
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 86 pages
Book Rating : 4.17/5 ( download)

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Download or read book Republic of Korea: 2022 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for the Republic of Korea written by International Monetary and published by International Monetary Fund. This book was released on 2022-03-28 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: Korea has recovered impressively from the COVID-19 pandemic, which is a testament to its strong economic fundamentals and the authorities’ able policy responses. Activity has surpassed pre-covid levels despite multiple COVID waves. The recovery was supported by the effective containment of the pandemic, including rapid vaccination in 2021, and pursuing proactive economic policy support, which helped minimize economic scarring, sustain income growth, and maintain financial stability. Given Korea’s high global integration, strong external demand also supported the recovery. The upcoming presidential election offers a window of opportunity to reinvigorate structural reforms.

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264655719
Total Pages : 225 pages
Book Rating : 4.13/5 ( download)

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Download or read book OECD Economic Outlook, Volume 2021 Issue 2 written by OECD and published by OECD Publishing. This book was released on 2021-12-01 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global recovery from the COVID-19 pandemic is uneven and becoming imbalanced. The OECD Economic Outlook, Volume 2021 Issue 2, highlights the continued benefits of vaccinations and strong policy support for the global economy, but also points to the risks and policy challenges arising from supply constraints and rising inflation pressures.

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
ISBN 13 : 1513574922
Total Pages : 53 pages
Book Rating : 4.29/5 ( download)

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Download or read book Republic of Korea written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2021-03-25 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selected Issues

Author : World Bank
Publisher : World Bank Publications
ISBN 13 : 1464816662
Total Pages : 339 pages
Book Rating : 4.66/5 ( download)

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Download or read book Global Economic Prospects, June 2021 written by World Bank and published by World Bank Publications. This book was released on 2021-08-03 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.

Author : Richard Hu
Publisher : Taylor & Francis
ISBN 13 : 1000878090
Total Pages : 547 pages
Book Rating : 4.97/5 ( download)

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Download or read book Routledge Handbook of Asian Cities written by Richard Hu and published by Taylor & Francis. This book was released on 2023-05-31 with total page 547 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook provides the most comprehensive examination of Asian cities—developed and developing, large and small—and their urban development. Investigating the urban challenges and opportunities of cities from every nation in Asia, the handbook engages not only the global cities like Shanghai, Tokyo, Singapore, Seoul, and Mumbai but also less studied cities like Dili, Malé, Bandar Seri Begawan, Kabul, and Pyongyang. The handbook discusses Asian cities in alignment to the United Nations’ New Urban Agenda and Sustainable Development Goals in order to contribute to global policy debates. In doing so, it critically reflects on the development trajectories of Asian cities and imagines an urban future, in Asia and the world, in the post-sustainable, post-global, and post-pandemic era. Presenting 43 chapters of original, insightful research, this book will be of interest to scholars, practitioners, students, and general readers in the fields of urban development, urban policy and planning, urban studies, and Asian studies.

Author : World Bank Group
Publisher : World Bank Publications
ISBN 13 : 1464815801
Total Pages : 402 pages
Book Rating : 4.05/5 ( download)

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Download or read book Global Economic Prospects, June 2020 written by World Bank Group and published by World Bank Publications. This book was released on 2020-07-07 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic has, with alarming speed, dealt a heavy blow to an already-weak global economy, which is expected to slide into its deepest recession since the second world war, despite unprecedented policy support. The global recession would be deeper if countries take longer to bring the pandemic under control, if financial stress triggers defaults, or if there are protracted effects on households and firms. Economic disruptions are likely to be more severe and protracted in emerging market and developing economies with larger domestic outbreaks and weaker medical care systems; greater exposure to international spillovers through trade, tourism, and commodity and financial markets; weaker macroeconomic frameworks; and more pervasive informality and poverty. Beyond the current steep economic contraction, the pandemic is likely to leave lasting scars on the global economy by undermining consumer and investor confidence, human capital, and global value chains. Being mostly a reflection of the recent plunge in global energy demand, low oil prices are unlikely to provide much of a boost to global growth in the near term. While policymakers' immediate priorities are to address the health crisis and moderate the short-term economic losses, the likely long-term consequences of the pandemic highlight the need to forcefully undertake comprehensive reform programs to improve the fundamental drivers of economic growth, once the crisis abates. Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). The January edition includes in-depth analyses of topical policy challenges faced by these economies, while the June edition contains shorter analytical pieces.