Confronting South Korea s Next Crisis is popular PDF and ePub book, written by Jaejoon Woo in 2022, it is a fantastic choice for those who relish reading online the Korea (South) genre. Let's immerse ourselves in this engaging Korea (South) book by exploring the summary and details provided below. Remember, Confronting South Korea s Next Crisis can be Read Online from any device for your convenience.
Confronting South Korea s Next Crisis Book PDF Summary
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 struggled with a faltering growth momentum and the rise of unprecedented socio-economic problems 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 a fast-changing business environment, including 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 into perspective what would constitute critical elements of ideal policy solutions and the direction of the future government's role.
Detail Book of Confronting South Korea s Next Crisis PDF
- Author : Jaejoon Woo
- Release : 28 June 2024
- Publisher : Unknown
- ISBN : 0192633422
- Genre : Korea (South)
- Total Page : 0 pages
- Language : English
- PDF File Size : 9,6 Mb
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