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Korea's economic strategy under the Roh Moo-Hyun government: A proposal

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  • O. Yul Kwon

Abstract

This paper is a proposal for Korea's economic strategy under the Roh regime and beyond. Since economic strategy is predicated on the nation's economic objective and policy environments, sustainable and equitable economic development is regarded as the key objective. Major trends are identified in the policy environment, including the emerging globalization and information era, demographic changes, declining savings and investment rates, and a widening digital divide. In light of these trends, the Korean government should play a complementary role to the private sector, providing a robust infrastructure to safeguard the private sector's development and to attract mobile resources from abroad. Also, Korea must embrace market principles and global standards, and implement appropriate human resources and equity policies.

Suggested Citation

  • O. Yul Kwon, 2003. "Korea's economic strategy under the Roh Moo-Hyun government: A proposal," Global Economic Review, Taylor & Francis Journals, vol. 32(1), pages 57-79.
    • Handle: RePEc:taf:glecrv:v:32:y:2003:i:1:p:57-79
    DOI: 10.1080/12265080308422912
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