The Changing World Economy and Its Implications for Korea

The Changing World Economy and Its Implications for Korea

- Speaker: Anne O. Krueger, former the First Deputy Managing Director, IMF

- Date: November 29, 2006.

"Korea could boost its economic growth by up to 1.5 percent points from the current 4.5 percent through financial sector reforms. The trade was the engine of growth in the past. Now it's the efficiency of finance sector... In many of the industrialized countries, the labor force is expected to decline. Faced with this deoigraphic challenge, the economy should raise productivity as labor gets scarcer..."