OECD Reviews of Regulatory Reform
Subtitle: Regulatory Reform in Korea 2000
By: Organisation for Economic Co-operation and Development
Series: OECD reviews of regulatory reform; OECD Reviews of Regulatory Reform
Publisher: OECD Publishing
Published: 2000
Place of publication: Paris
Language: eng
Format: [electronic resource] /
Number of pages: 332
ISBN-13: 9789264181748
Subjects: Governance
Description: OECD's 2000 review of regulatory reform in Korea. It finds that at the end of 1997, Korea suffered one of the worst economic crises ever experienced by an OECD country. An ambitious programme of regulatory, financial, and structural reforms, among the most far-reaching efforts at reform of regulation undertaken in OECD countries, was key to the strong economic recovery in 1999 and 2000. This programme not only stabilised the crisis, but also helped recreate the foundations for future sustainable growth. The Korean experience can be useful to other countries seeking to boost market-led growth. Reforms now are moving Korea from a highly interventionist and authoritarian model of economic development to a market oriented and open model based on values of consumer choice, democracy, and rule of law. Yet the job is far from finished. The web of government intervention has been only partly reformed, and many important issues are still to be tackled. Consistent progress on regulatory reform will be crucial to sustainable growth in Korea for several years to come. Korea is among several OECD countries to request a broad review by the OECD of its national regulatory practices and domestic regulatory reforms. This Review presents an integrated assessment of regulatory reform in framework areas such as the quality of the public sector, competition policy and enforcement, and market openness. It also contains chapters on sectors such as electricity and telecommunications, and an assessment of the macroeconomic context for reform. The policy recommendations present a balanced plan of action for both short and longer-term based on best international regulatory practices.
Table of contents: title: Part I. Review; title: Executive Summary; title: Chapter 1. Regulatory Reform in Korea; title: Chapter 2. Government Capacity to Assure High Quality Regulation; title: Chapter 3. The Role of Competition Policy in Regulatory Reform; title: Chapter 4. Enhancing Market Openness through Regulatory Reform; title: Chapter 5. Regulatory Reform in the Electricity Industry; title: Chapter 6. Regulatory Reform in the Telecommunications Industry; title: Chapter 7. Conclusions and Policy Options for Regulatory Reform in Korea; title: Bibliography; title: Part II. Background Reports; title: Background Report on Government Capacity to Assure High Quality Regulation; title: Background Report on the Role of Competition Policy in Regulatory Reform; title: Background Report on Enhancing Market Openness through Regulatory Reform; title: Background Report on Regulatory Reform in the Electricity Industry; title: Background Report on Regulatory Reform in the Telecommunications Industry