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Confronting South Korea's Next Crisis: Rigidities, Polarization, and Fear of Japanification free ebook download

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Author(s):	Jaejoon Woo

Date:	2024	Format:	epub	Language:	English	ISBN/ASIN:	0198864426
Pages:	656	OCR:		Quality:		ISBN13:
Uploader:	alex21s	Upload Date:	10/23/2023 7:53:55 AM

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South Korea's economic miracle is a well-known story. However, today Korea is confronting a new set of internal and external risks, which may foreshadow the next crisis. The Korean economy has been struggling with the faltering growth momentum and the rise of unprecedented socio-economic problems over recent years well before the pandemic crisis. After abrupt downshifts to markedly slower growth in the early 2000s, economic growth has continued to decelerate. Koreans are grappling with slow income growth, all time-high household debt, high youth unemployment, inequality, and social polarization. Politics is in disarray and is incapable of directing social discourse for the common good. Rapid population aging along with the world's lowest fertility rates stokes fears of Japanification. Simultaneously, disruptive technologies and fast-changing business environment such as the rise of China clash with a range of long-standing structural problems. The contemporary challenges are
radically different from those seen in the early stages of industrialization. There are multiple risks that threaten to self-perpetuate low or stagnant growth over the next decade or so, if not an outright financial crisis.

Motivated by these latest developments, this book seeks to provide a timely and in-depth analysis of key current issues and foreseeable challenges of the economy, with a provocative reassessment of its future. Based on extensive new empirical works, it examines the underlying causes of the socio-economic problems. In a constructive spirit, it puts in perspective what would constitute critical elements of ideal policy solutions and the direction of the future government's role.
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Tags: Confronting Crisis Fear Japanification Korea Next Polarization Rigidities South

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Confronting South Korea's Next Crisis: Rigidities, Polarization, and Fear of Japanification free ebook download

Category: Misc

Description: Click to see full description

Category:
Misc