Koreas Challenges Ahead Lessons From Japans Experience

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Korea’s Challenges Ahead—Lessons from Japan’s Experience

Author : Ms.Edda Zoli
Publisher : International Monetary Fund
ISBN 13 : 1475568894
Total Pages : 18 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Korea’s Challenges Ahead—Lessons from Japan’s Experience by : Ms.Edda Zoli

Download or read book Korea’s Challenges Ahead—Lessons from Japan’s Experience written by Ms.Edda Zoli and published by International Monetary Fund. This book was released on 2017-01-18 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper draws out the parallels between Korea and Japan in terms of demographics, potential growth, balance sheets, asset prices and inflation. Korea’s demographic trends seem to track Japan’s with a lag of about 20 years. Low productivity in the service sector and labor market duality are common to both countries and need to be addressed with structural reforms. While Korea’s corporate balance sheets are stronger than Japan’s in the early 1990s, Korea needs to progress with the restructuring of nonviable firms to avoid the adverse consequences of delayed balance-sheet repair that Japan experienced. Given its strong fiscal balance sheet position, Korea can afford using fiscal policy actively to incentivize corporate restructuring and structural reforms and cushion their possible short-term adverse impact. Korea can prevent bubbles in asset prices that were at the origin of Japan’s initial crisis with the continued use of macroprudential policies. Although Korea does not appear to be headed toward deflation, new econometric analysis presented in the paper suggests that aging will exert a downward drag on its inflation going forward.

Japan’s Lost Decade

Author : Naoyuki Yoshino
Publisher : Springer
ISBN 13 : 981105021X
Total Pages : 187 pages
Book Rating : 4.8/5 (11 download)

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Book Synopsis Japan’s Lost Decade by : Naoyuki Yoshino

Download or read book Japan’s Lost Decade written by Naoyuki Yoshino and published by Springer. This book was released on 2017-09-20 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses Japan’s long-term economic recession and provides remedies for that recession that are useful for other Asian economies. The book addresses why Japan’s economy has stagnated since the bursting of its economic bubble in the 1990s. Its empirical analysis challenges the beliefs of some economists, such as Paul Krugman, that the Japanese economy is caught in a liquidity trap. This book argues that Japan’s economic stagnation stems from a vertical “investment–saving” (IS) curve rather than a liquidity trap. The impact of fiscal policy has declined drastically, and the Japanese economy faces structural problems rather than a temporary downturn. These structural problems have many causes: an aging demographic (a problem that is frequently overlooked), an over-reliance by local governments on transfers from the central government, and Basel capital requirements that have made Japanese banks reluctant to lend money to start-up businesses and small and medium-sized enterprises. This latter issue has discouraged Japanese innovation and technological progress. All these issues are addressed empirically and theoretically, and several remedies for Japan’s long-lasting recession are provided. This volume will be of interest to researchers and policy makers not only in Japan but also the People’s Republic of China, many countries in the eurozone, and the United States, which may face similar challenges in the future.

Republic of Korea

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
ISBN 13 : 1484341635
Total Pages : 118 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Republic of Korea by : International Monetary Fund. Asia and Pacific Dept

Download or read book Republic of Korea written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2018-02-13 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues chapter outlines a strategy to facilitate this and navigate the more challenging monetary environment, involving enhanced communication of policy interest rate intentions and inflation-forecast targeting. The reduction in the inflation target by a percentage point to 2 percent in January 2016 weakened the nominal anchor. Monetary policy can play a role rebuilding the credibility of the anchor more rapidly through the adoption of inflation-forecast targeting. This strengthening of the monetary policy framework involves enhancing communications. An effective, credible monetary policy cannot address all macroeconomic challenges facing Korea. Rather, it can foster robust growth with low inflation, providing a stable and predictable environment that allows other policies to work more effectively. These other policies play a complementary role. Fiscal policy can reinforce the effectiveness of monetary policy, as illustrated by model scenarios. Structural policies can also support monetary policy by, for example, boosting potential growth.

Connecting People with Jobs Towards Better Social and Employment Security in Korea

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264288252
Total Pages : 166 pages
Book Rating : 4.2/5 (642 download)

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Book Synopsis Connecting People with Jobs Towards Better Social and Employment Security in Korea by : OECD

Download or read book Connecting People with Jobs Towards Better Social and Employment Security in Korea written by OECD and published by OECD Publishing. This book was released on 2018-03-14 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report has a special focus on low-income groups, jobseekers and workers, and policies geared towards closing the considerable gaps these groups are facing around income and employment support in Korea. It concludes that significant additional action will be needed to make income...

Extreme Economies

Author : Richard Davies
Publisher : Farrar, Straus and Giroux
ISBN 13 : 1250170508
Total Pages : 267 pages
Book Rating : 4.2/5 (51 download)

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Book Synopsis Extreme Economies by : Richard Davies

Download or read book Extreme Economies written by Richard Davies and published by Farrar, Straus and Giroux. This book was released on 2020-01-14 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: A New Statesman best book of the year | New York Times Editors' Choice pick A Financial Times best economics book of 2019 An accessible, story-driven look at the future of the global economy, written by a leading expert To predict our future, we must look to the extremes. So argues the economist Richard Davies, who takes readers to the margins of the modern economy and beyond in his globe-trotting book. From a prison in rural Louisiana where inmates purchase drugs with prepaid cash cards to the poorest major city on earth, where residents buy clean water in plastic bags, from the world’s first digital state to a prefecture in Japan whose population is the oldest in the world, how these extreme economies function—most often well outside any official oversight—offers a glimpse of the forces that underlie human resilience, drive societies to failure, and will come to shape our collective future. While the people who inhabit these places have long been dismissed or ignored, Extreme Economies revives a foundational idea from medical science to turn the logic of modern economics on its head, arguing that the outlier economies are the place to learn about our own future. Whether following Punjabi migrants through the lawless Panamanian jungle or visiting a day-care for the elderly modeled after a casino, Davies brings a storyteller’s eye to places where the economy has been destroyed, distorted, and even turbocharged. In adapting to circumstances that would be unimaginable to most of us, the people he encounters along the way have helped to pioneer the economic infrastructure of the future. At once personal and keenly analytical, Extreme Economies is an epic travelogue for the age of global turbulence, shedding light on today’s most pressing economic questions.

The Comfort Women

Author : C. Sarah Soh
Publisher : University of Chicago Press
ISBN 13 : 022676804X
Total Pages : 384 pages
Book Rating : 4.2/5 (267 download)

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Book Synopsis The Comfort Women by : C. Sarah Soh

Download or read book The Comfort Women written by C. Sarah Soh and published by University of Chicago Press. This book was released on 2020-05-15 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: In an era marked by atrocities perpetrated on a grand scale, the tragedy of the so-called comfort women—mostly Korean women forced into prostitution by the Japanese army—endures as one of the darkest events of World War II. These women have usually been labeled victims of a war crime, a simplistic view that makes it easy to pin blame on the policies of imperial Japan and therefore easier to consign the episode to a war-torn past. In this revelatory study, C. Sarah Soh provocatively disputes this master narrative. Soh reveals that the forces of Japanese colonialism and Korean patriarchy together shaped the fate of Korean comfort women—a double bind made strikingly apparent in the cases of women cast into sexual slavery after fleeing abuse at home. Other victims were press-ganged into prostitution, sometimes with the help of Korean procurers. Drawing on historical research and interviews with survivors, Soh tells the stories of these women from girlhood through their subjugation and beyond to their efforts to overcome the traumas of their past. Finally, Soh examines the array of factors— from South Korean nationalist politics to the aims of the international women’s human rights movement—that have contributed to the incomplete view of the tragedy that still dominates today.

Significant Soil

Author : Emer O'Dwyer
Publisher : BRILL
ISBN 13 : 1684175526
Total Pages : 540 pages
Book Rating : 4.6/5 (841 download)

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Book Synopsis Significant Soil by : Emer O'Dwyer

Download or read book Significant Soil written by Emer O'Dwyer and published by BRILL. This book was released on 2020-05-11 with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Like all empires, Japan’s prewar empire encompassed diverse territories as well as a variety of political forms for governing such spaces. This book focuses on Japan’s Kwantung Leasehold and Railway Zone in China’s three northeastern provinces. The hybrid nature of the leasehold’s political status vis-à-vis the metropole, the presence of the semipublic and enormously powerful South Manchuria Railway Company, and the region’s vulnerability to inter-imperial rivalries, intra-imperial competition, and Chinese nationalism throughout the first decades of the twentieth century combined to give rise to a distinctive type of settler politics. Settlers sought inclusion within a broad Japanese imperial sphere while successfully utilizing the continental space as a site for political and social innovation. In this study, Emer O’Dwyer traces the history of Japan’s prewar Manchurian empire over four decades, mapping how South Manchuria—and especially its principal city, Dairen—was naturalized as a Japanese space and revealing how this process ultimately contributed to the success of the Japanese army’s early 1930s takeover of Manchuria. Simultaneously, Significant Soil demonstrates the conditional nature of popular support for Kwantung Army state-building in Manchukuo, highlighting the settlers’ determination that the Kwantung Leasehold and Railway Zone remain separate from the project of total empire."

Doing Business 2018

Author : World Bank
Publisher : World Bank Publications
ISBN 13 : 1464811474
Total Pages : 1217 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Doing Business 2018 by : World Bank

Download or read book Doing Business 2018 written by World Bank and published by World Bank Publications. This book was released on 2017-11-14 with total page 1217 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fifteen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2018 measures aspects of regulation affecting 10 areas of everyday business activity: • Starting a business • Dealing with construction permits • Getting electricity • Registering property • Getting credit • Protecting minority investors • Paying taxes • Trading across borders • Enforcing contracts • Resolving insolvency These areas are included in the distance to frontier score and ease of doing business ranking. Doing Business also measures features of labor market regulation, which is not included in these two measures. The report updates all indicators as of June 1, 2017, ranks economies on their overall “ease of doing business†?, and analyzes reforms to business regulation †“ identifying which economies are strengthening their business environment the most. Doing Business illustrates how reforms in business regulations are being used to analyze economic outcomes for domestic entrepreneurs and for the wider economy. It is a flagship product produced in partnership by the World Bank Group that garners worldwide attention on regulatory barriers to entrepreneurship. More than 137 economies have used the Doing Business indicators to shape reform agendas and monitor improvements on the ground. In addition, the Doing Business data has generated over 2,182 articles in peer-reviewed academic journals since its inception. Data Notes; Distance to Frontier and Ease of Doing Business Ranking; and Summaries of Doing Business Reforms in 2016/17 can be downloaded separately from the Doing Business website.

Diaspora without Homeland

Author : Sonia Ryang
Publisher : Univ of California Press
ISBN 13 : 0520916190
Total Pages : 236 pages
Book Rating : 4.5/5 (29 download)

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Book Synopsis Diaspora without Homeland by : Sonia Ryang

Download or read book Diaspora without Homeland written by Sonia Ryang and published by Univ of California Press. This book was released on 2009-04-27 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than one-half million people of Korean descent reside in Japan today—the largest ethnic minority in a country often assumed to be homogeneous. This timely, interdisciplinary volume blends original empirical research with the vibrant field of diaspora studies to understand the complicated history, identity, and status of the Korean minority in Japan. An international group of scholars explores commonalities and contradictions in the Korean diasporic experience, touching on such issues as citizenship and belonging, the personal and the political, and homeland and hostland.

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

Author : Ms.Edda Zoli
Publisher : International Monetary Fund
ISBN 13 : 1484353986
Total Pages : 27 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis A New Strategy for Korea’s Fiscal Policy in a Low Growth Environment by : Ms.Edda Zoli

Download or read book A New Strategy for Korea’s Fiscal Policy in a Low Growth Environment written by Ms.Edda Zoli and published by International Monetary Fund. This book was released on 2018-04-24 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 presents projections of Korea’s fiscal outlook, using new estimates of potential growth obtained with a novel multivariate filter. It shows that keeping fiscal revenues-to-GDP constant would result in an explosive public debt dynamic in the long term. Then, through simulations of the Flexible System of Global Models, the paper analyzes policies to preserve fiscal sustainability, while boosting potential growth and social protection. It concludes that with greater revenue mobilization, Korea can stabilize debt-to-GDP well below “dangerous” levels. Policies to address Korea’s challenges include higher targeted transfers to the most vulnerable and fiscal measures to support female labor force participation and employment, accompanied by product and labor market reforms.

IMF Research Bulletin, Summer 2017

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
ISBN 13 : 1484315448
Total Pages : 19 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis IMF Research Bulletin, Summer 2017 by : International Monetary Fund. Research Dept.

Download or read book IMF Research Bulletin, Summer 2017 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2017-08-11 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Summer 2017 issue of the IMF Research Bulletin highlights new research such as recent IMF Working Papers and Staff Discussion Notes. The Research Summaries are “Structural Reform Packages, Sequencing, and the Informal Economy (by Zsuzsa Munkacsi and Magnus Saxegaard) and “A Broken Social Contract, Not High Inequality Led to the Arab Spring” (by Shantayanan Devarajan and Elena Ianchovichina). The Q&A section features “Seven Questions on Fintech” (by Tommaso Mancini-Griffoli). The Bulletin also includes information on recommended titles from IMF Publications and the latest articles from the IMF Economic Review.

Japanese Public Sentiment on South Korea

Author : Tetsuro Kobayashi
Publisher : Routledge
ISBN 13 : 1000539687
Total Pages : 112 pages
Book Rating : 4.0/5 (5 download)

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Book Synopsis Japanese Public Sentiment on South Korea by : Tetsuro Kobayashi

Download or read book Japanese Public Sentiment on South Korea written by Tetsuro Kobayashi and published by Routledge. This book was released on 2021-11-30 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributors to this book demonstrate empirically how Japanese public opinion is formed amid strained Japan–South Korea relations. Studying public opinion in Japan and South Korea is critically important for exploring the causes and consequences of the deterioration of the relationship between the two countries. Japan–South Korea relations are at their worst level since World War II. Faced with North Korea’s nuclear threat and China’s regional and global advances, Japan and South Korea are each allied with the US and function as key stabilizers within the Asia–Pacific "Pax Americana." These relations play a decisive role in East Asia’s international security. The contributors explore a variety of social scientific methodologies—both conventional quantitative surveys and experiments, as well as quantitative text analyses of published books and computational analyses of social media data—to disentangle the dynamic relationship between Japanese public opinion and Japan–South Korea relations. An invaluable resource for scholars of East Asian regional security issues.

How Asia Works

Author : Joe Studwell
Publisher : Open Road + Grove/Atlantic
ISBN 13 : 0802193471
Total Pages : 434 pages
Book Rating : 4.8/5 (21 download)

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Book Synopsis How Asia Works by : Joe Studwell

Download or read book How Asia Works written by Joe Studwell and published by Open Road + Grove/Atlantic. This book was released on 2013-07-02 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: “A good read for anyone who wants to understand what actually determines whether a developing economy will succeed.” —Bill Gates, “Top 5 Books of the Year” An Economist Best Book of the Year from a reporter who has spent two decades in the region, and who the Financial Times said “should be named chief myth-buster for Asian business.” In How Asia Works, Joe Studwell distills his extensive research into the economies of nine countries—Japan, South Korea, Taiwan, Indonesia, Malaysia, Thailand, the Philippines, Vietnam, and China—into an accessible, readable narrative that debunks Western misconceptions, shows what really happened in Asia and why, and for once makes clear why some countries have boomed while others have languished. Studwell’s in-depth analysis focuses on three main areas: land policy, manufacturing, and finance. Land reform has been essential to the success of Asian economies, giving a kick-start to development by utilizing a large workforce and providing capital for growth. With manufacturing, industrial development alone is not sufficient, Studwell argues. Instead, countries need “export discipline,” a government that forces companies to compete on the global scale. And in finance, effective regulation is essential for fostering, and sustaining growth. To explore all of these subjects, Studwell journeys far and wide, drawing on fascinating examples from a Philippine sugar baron’s stifling of reform to the explosive growth at a Korean steel mill. “Provocative . . . How Asia Works is a striking and enlightening book . . . A lively mix of scholarship, reporting and polemic.” —The Economist

Journal of International Students 2013 Vol 3 Issue 1

Author : Krishna Bista
Publisher : Lulu.com
ISBN 13 : 1329595580
Total Pages : 91 pages
Book Rating : 4.3/5 (295 download)

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Book Synopsis Journal of International Students 2013 Vol 3 Issue 1 by : Krishna Bista

Download or read book Journal of International Students 2013 Vol 3 Issue 1 written by Krishna Bista and published by Lulu.com. This book was released on 2015-10-03 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt: An interdisciplinary, peer reviewed publication, Journal of International Students (Print ISSN 2162-3104 & Online ISSN 2166-3750) is a professional journal that publishes narrative, theoretical and empirically-based research articles, student reflections, and book reviews relevant to international students and their cross cultural experiences and understanding. Published quarterly, the Journal encourages the submission of manuscripts from around the world, and from a wide range of academic fields, including comparative education, international education, student affairs, linguistics, psychology, religion, sociology, business, social work, philosophy, and culture studies.For further information http:/ /jistudents.org/

Retirement in Japan and South Korea

Author : Masa Higo
Publisher : Routledge
ISBN 13 : 1317499875
Total Pages : 241 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis Retirement in Japan and South Korea by : Masa Higo

Download or read book Retirement in Japan and South Korea written by Masa Higo and published by Routledge. This book was released on 2015-04-10 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses reforms to retirement policies in Japan and South Korea, especially in the context of rapid population ageing. A defining feature of the labour markets and workplaces in these two nations, and the lives of workers and families, is involuntary retirement at relatively young ages. The book explains past developments and recent reforms of retirement policies both in the two countries, as well as in a cross-national comparative manner. At the core of the book is an examination of the social, economic and political conflicts around retirement, such as between younger and older workers, between employers and governments, and between employers and workers. The policy recommendations offered apply not only to Japan and South Korea, but also to other nations such as China. The volume is of value particularly for those interested in labour markets and workplaces, population ageing and contemporary East Asia, in addition to those studying retirement and pensions. Policymakers, business leaders, worker organizations, researchers and students will benefit from the insights about the past, present and future of retirement.

Human Capital and Development

Author : Ju-Ho Lee
Publisher : Edward Elgar Publishing
ISBN 13 : 1786436973
Total Pages : 431 pages
Book Rating : 4.7/5 (864 download)

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Book Synopsis Human Capital and Development by : Ju-Ho Lee

Download or read book Human Capital and Development written by Ju-Ho Lee and published by Edward Elgar Publishing. This book was released on with total page 431 pages. Available in PDF, EPUB and Kindle. Book excerpt: During recent decades, Korea has been one of only a handful of countries that have made the successful transformation to become a developed nation by simultaneously achieving persistent economic growth combined with a democratic political system. Experts and political leaders worldwide have attributed this achievement to investments in people or, in other words, the power of education. Whilst numerous books have highlighted the role of industrial policies, technological growth, and international trade in Korea’s development process, this is one of the first to focus on the role of human capital. It shows how the accumulation of human capital aided transformation and helps explain the policies, strategies and challenges that Korea faces now and in the future.

The Korean Wave in Southeast Asia

Author : Joanne B.Y. Lim
Publisher : Strategic Information and Research Development Centre
ISBN 13 : 967096038X
Total Pages : 182 pages
Book Rating : 4.6/5 (79 download)

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Book Synopsis The Korean Wave in Southeast Asia by : Joanne B.Y. Lim

Download or read book The Korean Wave in Southeast Asia written by Joanne B.Y. Lim and published by Strategic Information and Research Development Centre. This book was released on with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Korean Wave in Southeast Asia offers fresh details and new perspectives on the globalization of Korean popular culture, better known as ‘Hallyu’. Focusing on the dissemination, localization, consumption and fandom of Korean TV dramas, films, pop music and other forms of youth culture within the cultural geography of Southeast Asia, the chapters in the book offer a compelling analysis of the globalization of Hallyu and detail the various social and cultural mechanisms involved. Deeply accomplished, this book will be a valuable resource for scholars interested in cultural and social change in Southeast Asia, as well as for graduate and undergraduate students learning about popular culture in Asia. Nissim Otmazgin Chair of the Department of Asian Studies, The Hebrew University of Jerusalem and author, Regionalizing Culture: The political economy of Japanese popular culture in Asia (University of Hawai'i Press, 2013). This book proves to be an important addition to the growing scholarship on the Korean Wave and the resulting new pop culture trends in Southeast Asia. In addition to introducing new concepts for further comparative research, the roster of case studies on Hallyu consumption and production in the region (informed by interdisciplinary expertise) offer readers fresh analyses and diverse experiences of the phenomenon. The publication of this collection is timely for our new course elective focusing on the ‘Korean Wave’, in which this book will certainly be a required reading. Sarah Domingo Lipura Associate Director, Ateneo Initiative for Korean Studies, Ateneo De Manila University (Philippines)