scholarly journals INTER-PARLIAMENTARY COOPERATION OF THE REPUBLIC OF UZBEKISTAN AND THE REPUBLIC OF KOREA: MODERN TRENDS

2021 ◽  
Author(s):  
PhD Kamila NIKOLAEVA ◽  
Keyword(s):  
Economic Growth ◽  
International Community ◽  
Republic Of Korea ◽  
Successful Implementation ◽  
Political Reforms ◽  
Leading Position ◽  
Growing Economy ◽  
The Republic

Today the Republic of Korea is a country with steadily and harmonious growing economy; it is a country whose positions in global rankings have high indicators. Analysts study the experience of the economic growth of the Republic of Korea, measures to overcome the crisis, the successful implementation of economic and political reforms that have led to a leading position in the international community. This experience is very important for Uzbekistan as well.

Economic Growth and Structure in the Republic of Korea.

1978 ◽  
Vol 51 (2) ◽  
pp. 313
Author(s):  
Yunshik Chang ◽  
Paul W. Kuznets
Keyword(s):  
Economic Growth ◽  
Republic Of Korea ◽  
The Republic

scholarly journals Economic Policy Responses to COVID-19 of the Northeast Asia Countries

2021 ◽  
Vol 17 (3) ◽  
pp. 156-178
Author(s):  
Dmitriy Izotov ◽  
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Positive Impact ◽  
Northeast Asia ◽  
Economic Recession ◽  
Republic Of Korea ◽  
Economic Policies ◽  
Financial Policies ◽  
Savings Rate ◽  
The Republic

Once at the epicenter of the original source of the coronavirus spread, the governments of China, the Republic of Korea and Japan introduced immediate administrative measures to isolate the population, which helped to effectively contain the spread of COVID-19 on their territory. The review shows that in the first half of 2020, due to policy of isolation in these Northeast Asia countries, there was a contraction of their economies. The subsequent dynamics of economic growth of the three Northeast Asia countries indicated structural differences in their economies. In the face of economic recession during a COVID-19 pandemic, the governments of Northeast Asia countries are applying stimulating economic policies, with Japan having the largest public spending with respect to its GDP, followed by the Republic of Korea and China. In China, the support for the economy is focused on fiscal policy measures, in the Republic of Korea – monetary and macro-financial policies, in Japan – a combination of policies’ various measures. In the context of a decrease in the coronavirus spread, mid-term estimates indicate that these three countries will be able to maintain positive economic growth rates while investment supporting of the green and digital technologies, including the support through the measures of economic policy. These support measures could have a short- and medium-term positive impact on the economies of the three Northeast Asia countries. However, for the purpose to localizing the pandemic in these countries large fiscal expenditures will contribute to the further growth of their public debt, thereby reducing the national savings rate, restraining the dynamics of their economic growth in the long term

scholarly journals PUBLIC DEBT AND ECONOMIC GROWTH – THE CASE OF THE REPUBLIC OF NORTH MACEDONIA

2021 ◽  
Vol 9 (21) ◽  
Author(s):  
Kristijan Kozheski ◽  
Predrag Trpeski ◽  
Marijana Cvetanoska ◽  
Gunter Merdžan
Keyword(s):  
Economic Growth ◽  
Public Debt ◽  
The Other ◽  
Gdp Growth ◽  
Successful Implementation ◽  
Domestic Investment ◽  
Causality Test ◽  
Per Capita ◽  
The Republic ◽  
The Impact

Establishing and maintaining macroeconomic stability and fiscal discipline on the one hand, and stimulating economic activity, by enhancing the quality of public finances, increasing capital expenditures, and enhancing competitiveness in the Macedonian economy, on the other hand, are two opposing objectives that should be pursued by policymakers. Government borrowing, especially foreign borrowing, is an important source of fixed assets to cover public expenditure. However, the sustainability of public debt depends not only on the level of public debt, but also on the structure and successful implementation of policies to boost economic growth. Borrowing for a country with low economic potential and a constant shortage of capital is inevitable, especially external borrowing. However, the structure, purpose of the assets and their multiplier effect on the overall economy are the main criteria for assessing the impact of public debt on the economy. This paper attempts to apply the econometric VAR analysis to examine the correlation and causal relationship between public debt and economic growth rate of the case of the Republic of North Macedonia for the period 2002 - 2017. The variables to be analyzed are: GDP growth per capita, Public debt as a proportion of GDP, Gross Domestic Investment, Interest Rate and Government Spending. For the purpose of this analysis, a Granger causality test has been conducted. The test results indicate that the impact of public debt growth in North Macedonia does not have a significant impact on GDP growth per capita. The other test that is being conducted is a Vector Error Correction Model which shows that public debt is negatively correlated with short run and long run economic growth.

Social Change—The Essence of Development (Keynote Address)

1997 ◽  
Vol 36 (4I) ◽  
pp. 315-320
Author(s):  
Nafis Sadik
Keyword(s):  
Economic Growth ◽  
Social Change ◽  
21St Century ◽  
Early Years ◽  
Drastic Change ◽  
Republic Of Korea ◽  
Keynote Address ◽  
Great Rivers ◽  
The Republic ◽  
Historical Moment

This is a critical historical moment, in the 50th year of our independence. Our decisions, commitment and action in the next few years will affect our country for much of the 21st century. The decisions needed would be a challenge for any country: for Pakistan they involve a drastic change in development priorities. Our development efforts since Independence have gone into building the economy. In the early years this was quite successful: we harnessed the great rivers for power and irrigation; we revolutionised agriculture, we pushed exports up to new levels. For a time economic growth was quite dynamic. But we were always aware that something was missing. At Independence Pakistan started more or less even with other countries in the region. All our efforts since then have left us lagging behind. In 1950 the Republic of Korea had about the same GNP per head as Pakistan. Today Korea’s GNP is $7,670; ours $476. That is a difference of 1,611 percent.

Sign in / Sign up

Export Citation Format

Share Document