Home > DocuBase > Article

« All DocuBase Articles

 

Follow DocuTicker on Twitter Bookmark and Share   Feed

Tuesday, 8th July 2014

OECD Economic Surveys: Korea June 2014 (Overview)

Source: Organisation for Economic Co-operation and Development

From Main Findings:

Korea has been among the fastest growing OECD countries during the past decade. However, subdued growth during 2011-12 revealed structural problems, such as high household debt, a lagging service sector and weak small and medium-sized enterprises (SMEs). This has raised concerns about Korea's traditional catch-up strategy led by exports produced by large chaebol companies. In addition, Korea has experienced a rise in relative poverty and income inequality since 1997, although both have fallen recently. The new growth strategy aims at fostering a “creative economy”, in which venture businesses play a key role, accompanied by greater emphasis on social cohesion, including increased social spending and a roadmap to boost employment. Such initiatives will support the current upturn, while promoting Korea's long-term convergence to the most advanced countries and enhancing social cohesion and well-being.

While R&D spending was the highest in the OECD, at 4.4% of GDP in 2012, weaknesses in the innovation system limit the return. International collaboration in patenting and research is low and the role of universities is small. Framework conditions to promote a creative economy are also weak, reflecting relatively stringent product market regulations and low inward foreign direct investment. The creation of new enterprises is hampered by problems in the venture capital market and SME financing. The productivity gap between large firms and SMEs, which benefit from a wide range of public support, is widening, reflecting problems in services. Indeed, service sector productivity is only about half of that in manufacturing. Greenhouse gas emissions and energy intensity have been rising despite the 2009-13 green growth plan.

+ Direct link to Overview (PDF; 1.1 MB)

+ Press Release


Category:

Source:

Views: 432


Having begun his career in academic libraries, Adrian Janes has subsequently worked extensively in public libraries, chiefly in enquiry work as an Information Services librarian. In this role he has had particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by FreePint in 2007, and has contributed articles to FreePint and ResourceShelf. He is involved in training in information literacy and the use of online reference resources.

A Contributing Editor to DocuTicker, he also write reviews for Pennyblackmusic.

Adrian can be reached at adrian.janes@freepint.com

More articles by Adrian Janes »



Please note: DocuTicker's editors collect citations for full-text PDF reports freely available on the web but we do not archive these reports. When you click a link to find and/or download the report, you are leaving the DocuTicker site. DocuTicker makes no representations regarding the ongoing availability of any report or any external resource. Links were accurate as of the date of posting.

« All DocuBase Articles

 

FreePint

FreePint supports the value of information in the enterprise. Read more »


FeedLatest FreePint Content:


  • Click to view the article Product Review of Reg-Track (Introduction; Contact Details)
    Tuesday, 22nd July 2014

    Reviewer Chris Porter introduces Reg-Track, worldwide regulatory tracking service for compliance professionals, from Reg-Room LLC.

     

  • Click to view the article It's Okay to Browse the News
    Tuesday, 22nd July 2014

    This article looks at two recent European court decisions relating to online copyright and what it means for everyday internet users and media monitoring services. These cases also highlight some of the difficulties of applying copyright law to the online world.

  • Click to view the article FreePint Launches New Series - What You Need to Know Your Customer (KYC)
    Tuesday, 22nd July 2014

    FreePint is taking a fresh look at the ever-changing world of risk and compliance, with a particular focus on Know Your Customer (KYC) requirements. Chris Porter, co-producer of the series with Andrew Lucas, introduces the series.

  • ... more ...

All FreePint Content »
FreePint Topics »


A FreePint Subscription delivers articles and reports that support your organisation's information practice, content and strategy.

Find out more and order a FreePint Subscription by visiting the
completing our online form: Subscription Order page.


FreePint Testimonials

"It was really useful to get so much input from customers and hear their perspective - I have come into the office this morning full of things ..."

Read more testimonials and supply yours »







 

 
 
 

Subscribe

Receive the DocuTicker Newsletter each week.

Find out more »

Article Categories

All Article Categories »

Sources

All DocuBase Sources »

Source Categories

All Source Categories »

Archive

All Archives »