목차
An overview of Korea’s productivity trends since the 1960s 4
Five drivers of productivity growth 5
The components of labour productivity growth in Korea stand out from other G20 countries 10
The impact of changing economic policies on productivity in Korea during the past 65 years 11
Recovery from the division of the Korean peninsula and the Korean War 1954-62 11
Outward-oriented strategy leading to Korea’s economic take-off 1962-1973 12
Heavy and chemical industry drive 1973-80 16
Market-based reforms the democratisation of Korea and its accession to the OECD 1980-96 17
Coping with crises 1996-2009 21
Facing slower growth and economic maturity 2009-23 23
Key lessons from Korea’s high productivity growth and rapid economic development 25
Getting the fundamentals right 25
Avoiding inefficient growth Was the HCI drive a positive factor for Korea’s long-term development 26
Why did Korea’s productivity growth not return to the pre-1997 rate despite economic reforms 26
Headwinds facing Korea population ageing and decline and falling returns on factor accumulation 27
Policy priorities to support productivity growth 29
Breaking down the polarisation of the economy 31
Green growth and climate change 38
