OECD Economic Surveys: Korea 2008: (Complete Edition - ISBN 9789264054257)

Source: OECD Economic Surveys, Volume 2008, Supplement 3, December 2008 , pp. i-156(157)

Publisher: OECD - Organisation for Economic Co-operation and Development

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Abstract:

This 2008 edition of OECD's periodic review of Korea's economy looks at key challenges including reforming the tax system, boosting productivity in the services sector, and sustaining growth by reforming labour markets and improving education.

Executive Summary
Assessment and Recommendations
Chapter 1. Facing the Key Challenges ahead in Korea
-The current economic situation and outlook

-Korea's growth prospects over the longer term

-Key challenges to sustaining rapid growth

-Conclusion

-Annex 1.A1. Taking Stock of Structural Reforms

Chapter 2. Priorities for macroeconomic policy
-Monetary policy

-Exchange rate policy

-Fiscal policy

-Conclusion

Chapter 3. Reforming the tax system to promote economic growth and cope with rapid population ageing
-The Korean tax system in an international perspective

-Corporate taxation

-Personal income taxation

-Consumption taxes

-Improving the administration of the tax and social insurance systems

-Directions for tax reform

-Annex 3.A1. Recent progress in tax reform in Korea

Chapter 4. Boosting productivity in Korea's service sector

-Reasons for low productivity in the service sector

-The link between low productivity in services and problems in small and medium enterprises

-Policies to promote higher productivity in the services sector

-Policies to boost productivity in key service industries

Chapter 5. Sustaining growth by reforming the labour market and improving the education system
-Reversing labour market dualism