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

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2006. "Republic of Korea: Staff Report for the 2006 Article IV Consultation," IMF Staff Country Reports 2006/380, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:2006/380
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=20037
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    Citations

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    Cited by:

    1. Robert M. Stern, 2011. "Trade in Financial Services—Has the IMF been Involved Constructively?," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 5(1), pages 65-92, February.
    2. Al-Mashat Rania & Billmeier Andreas, 2008. "The Monetary Transmission Mechanism in Egypt," Review of Middle East Economics and Finance, De Gruyter, vol. 4(3), pages 32-82, September.

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