[Asia and the World] Economic Reform and Growth in Korea: Where to Find the Sequence?

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On September 25th, 2017, Yukikio Fukugawa, a professor at the School of Political Science and Economics, Waseda University, gave a special lecture on “Economic Reform and Growth in Korea: Where to Find the Sequence?” In the lecture, she explained that although Korea did follow Japan’s long stagnation after the bubble economy by converging her income with major economies already and passing the high growth period, Korea still has enough room for reform especially in labor market as well as financial market to improve the efficiency and the productivity. Also, analyzing President Moon’s economic policies and drawing some implications from the painful experiences of the Democratic Party of Japan (DPJ)’s previous approach, she argued that Korea need to make a political consensus for the reform as well as further market opening in order to enhance market-led growth.