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A New Strategy for Korea's Fiscal Policy in a Low Growth Environment

A New Strategy for Korea's Fiscal Policy in a Low Growth Environment »

Volume/Issue: 2018/91

Series: IMF Working Papers

Author(s): Edda Zoli , Hou Wang , and Douglas Laxton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 April 2018

DOI: http://dx.doi.org/10.5089/9781484352724.001

ISBN: 9781484352724

Keywords: Asia and Pacific, Korea, Republic of, aging; long-term fiscal sustainability; structural reforms; potential output, aging, long-term fiscal sustainability, structural reforms, potential output, Forecasting and Simulation

Adverse demographics and other structural weaknesses impinge on Korea's long-term fiscal outlook and potential growth. Moreover, inadequate social protection is creating poverty and dampening consumption. The paper...

A New Strategy for Korea's Fiscal Policy in a Low Growth Environment

A New Strategy for Korea's Fiscal Policy in a Low Growth Environment »

Source: A New Strategy for Korea's Fiscal Policy in a Low Growth Environment

Volume/Issue: 2018/91

Series: IMF Working Papers

Author(s): Edda Zoli , Hou Wang , and Douglas Laxton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 April 2018

ISBN: 9781484352724

Keywords: Asia and Pacific, Korea, Republic of, aging; long-term fiscal sustainability; structural reforms; potential output, aging, long-term fiscal sustainability, structural reforms, potential output, Forecasting and Simulation

Adverse demographics and other structural weaknesses impinge on Korea's long-term fiscal outlook and potential growth. Moreover, inadequate social protection is creating poverty and dampening consumption. The paper...

Acknowledgments

Acknowledgments »

Source: Breaking the Oil Spell : The Gulf Falcons' Path to Diversification

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

This book would not have been possible without the support of the IMF’s Middle East Center for Economics and Finance (CEF) in Kuwait. Indeed, the book is based on the high-level diversification conference...

Breaking the Oil Spell
			: The Gulf Falcons' Path to Diversification

Breaking the Oil Spell : The Gulf Falcons' Path to Diversification »

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

DOI: http://dx.doi.org/10.5089/9781513537863.071

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

The 'Gulf Falcons'-the countries of the Gulf Cooperation Council-have high living standards as a result of large income flows from oil. The decline of oil prices between summer 2014 and fall 2015 underscores the ur...

Back Matter

Back Matter »

Source: Breaking the Oil Spell : The Gulf Falcons' Path to Diversification

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

The 'Gulf Falcons'-the countries of the Gulf Cooperation Council-have high living standards as a result of large income flows from oil. The decline of oil prices between summer 2014 and fall 2015 underscores the ur...

Front Matter

Front Matter »

Source: Breaking the Oil Spell : The Gulf Falcons' Path to Diversification

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

The 'Gulf Falcons'-the countries of the Gulf Cooperation Council-have high living standards as a result of large income flows from oil. The decline of oil prices between summer 2014 and fall 2015 underscores the ur...

Chapter 9. A Practitioner’s Narrative of Brazil’s Industrialization and the Role of the Brazilian Development Bank

Chapter 9. A Practitioner’s Narrative of Brazil’s Industrialization and the Role of the Brazilian Development Bank »

Source: Breaking the Oil Spell : The Gulf Falcons' Path to Diversification

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

Development, as economists say, is path dependent. That is, it is based on the context of individual countries and is historically determined. This chapter adopts a very pragmatic approach to this issue—from...

Chapter 8. Diversification and the Economy: The Role of Government in Enhancing the Industrial Base

Chapter 8. Diversification and the Economy: The Role of Government in Enhancing the Industrial Base »

Source: Breaking the Oil Spell : The Gulf Falcons' Path to Diversification

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

An individual economy develops and evolves along various paths. How different paths lead to a variation in economic prosperity and stability has always been a matter of curiosity to economists and policymake...

Chapter 6. Economic Diversification in Latin American Countries: A Way to Face Tough Times Ahead

Chapter 6. Economic Diversification in Latin American Countries: A Way to Face Tough Times Ahead »

Source: Breaking the Oil Spell : The Gulf Falcons' Path to Diversification

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

During the past decade, Latin American countries enjoyed some of their best economic times in recent memory. Most of the good performance is attributed to unusually favorable international prices, especially...

Chapter 3. Going Beyond Comparative Advantage: How Singapore Did It

Chapter 3. Going Beyond Comparative Advantage: How Singapore Did It »

Source: Breaking the Oil Spell : The Gulf Falcons' Path to Diversification

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

Singapore has been transformed economically, socially, and politically since independence in August 1965. The country’s industrial development strategy evolved from labor intensive in the 1960s, skill intens...