FY 2016/2017 Research Topic: C-37
Socio-economic Analysis of South Korea in the Low Growth Era
Recently the growth rate of the South Korean economy has been slowing down. One of the reasons for the low growth rate is the rapidly declining birth rate and growing proportion of elderly people. This reduces the economically active population and depresses private consumption. To cope with this problem, it will be necessary for the South Korean government to strengthen the social welfare system, but there is little social consensus on how to deal with the increase in the welfare burden.
Another reason for the slowing growth is the decline in the international competitiveness of Korean industries, which results in sluggish exports. Many Korean companies have succeeded in catching-up with companies in advanced countries in the export market, but few have succeeded in becoming world leaders on the technological level. Now, they are facing the rapid catching-up Chinese companies in the world market.
The aim of this study is to comprehensively analyze the recent social and economic problems of South Korea. When performing the analysis, we emphasize the comparison with the so-called "lost 20 years" in Japan.
April 2015 - March 2017
Members of the Research Project
|[ Organizer ]||ABE Makoto|
|[ Co-researchers ]||WATANABE Yuichi|
|[ Co-researchers ]||OKUDA Satoru (International Exchange and Training Department)|
|[ Co-researchers ]||YUICHI Takayasu (Professor, Faculty of Economics, Daito Bunka University)|
|[ Co-researchers ]||YOSHIOKA Hidemi (Professor, Faculty of Law, Kumamoto University)|
|[ Co-researchers ]||KIM MyoungJung (Research Fellow, NLI Research Institute)|
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