Product Market Competition and Economic Performance in Korea:
Maintaining rapid economic growth depends increasingly on productivity gains, particularly in the service sector. Competition has an important role to play in achieving such gains. However, Korea's development strategy has tended to weaken competition and has left a legacy of government interve...
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| Main Author: | |
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| Other Authors: | , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2004
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| Series: | OECD Economics Department Working Papers
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| Subjects: | |
| Online Access: | Volltext |
| Summary: | Maintaining rapid economic growth depends increasingly on productivity gains, particularly in the service sector. Competition has an important role to play in achieving such gains. However, Korea's development strategy has tended to weaken competition and has left a legacy of government intervention. Strengthening competition requires upgrading competition policy, increasing openness to international trade and foreign direct investment and improving the regulatory framework in network industries. In particular, the power of the Korea Fair Trade Commission should be expanded, while raising the level of sanctions and scaling back special treatment for certain sectors. Barriers to imports remain above the OECD average, particularly in agriculture, while the stock of inward direct investment is among the lowest in the OECD area. Restructuring plans in the network industries, notably electricity and gas, have lagged behind schedule. Price distortions and the absence of independent ... |
| Physical Description: | 1 Online-Ressource (44 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/634035868056 |
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| spelling | Baek, Yongchun Verfasser aut Product Market Competition and Economic Performance in Korea Yongchun Baek, Randall S. Jones and Michael Wise = Concurrence sur les marchés de produits et performances économiques en Corée / Yongchun Baek, Randall S. Jones et Michael Wise Concurrence sur les marchés de produits et performances économiques en Corée Paris OECD Publishing 2004 1 Online-Ressource (44 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers Maintaining rapid economic growth depends increasingly on productivity gains, particularly in the service sector. Competition has an important role to play in achieving such gains. However, Korea's development strategy has tended to weaken competition and has left a legacy of government intervention. Strengthening competition requires upgrading competition policy, increasing openness to international trade and foreign direct investment and improving the regulatory framework in network industries. In particular, the power of the Korea Fair Trade Commission should be expanded, while raising the level of sanctions and scaling back special treatment for certain sectors. Barriers to imports remain above the OECD average, particularly in agriculture, while the stock of inward direct investment is among the lowest in the OECD area. Restructuring plans in the network industries, notably electricity and gas, have lagged behind schedule. Price distortions and the absence of independent ... Economics Korea, Republic of Jones, Randall S... ctb Wise, Michael ctb https://doi.org/10.1787/634035868056 Verlag kostenfrei Volltext |
| spellingShingle | Baek, Yongchun Product Market Competition and Economic Performance in Korea Economics Korea, Republic of |
| title | Product Market Competition and Economic Performance in Korea |
| title_alt | Concurrence sur les marchés de produits et performances économiques en Corée |
| title_auth | Product Market Competition and Economic Performance in Korea |
| title_exact_search | Product Market Competition and Economic Performance in Korea |
| title_exact_search_txtP | Product Market Competition and Economic Performance in Korea |
| title_full | Product Market Competition and Economic Performance in Korea Yongchun Baek, Randall S. Jones and Michael Wise = Concurrence sur les marchés de produits et performances économiques en Corée / Yongchun Baek, Randall S. Jones et Michael Wise |
| title_fullStr | Product Market Competition and Economic Performance in Korea Yongchun Baek, Randall S. Jones and Michael Wise = Concurrence sur les marchés de produits et performances économiques en Corée / Yongchun Baek, Randall S. Jones et Michael Wise |
| title_full_unstemmed | Product Market Competition and Economic Performance in Korea Yongchun Baek, Randall S. Jones and Michael Wise = Concurrence sur les marchés de produits et performances économiques en Corée / Yongchun Baek, Randall S. Jones et Michael Wise |
| title_short | Product Market Competition and Economic Performance in Korea |
| title_sort | product market competition and economic performance in korea |
| topic | Economics Korea, Republic of |
| topic_facet | Economics Korea, Republic of |
| url | https://doi.org/10.1787/634035868056 |
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