- Additional Authors
- Yoo, Byungseo.
- Description
- 35 p.; 21 x 29.7cm.
- Summary
- The New Growth Strategy aims to create demand and jobs through regulatory reform and fiscal measures. The Strategy focuses on key challenges, notably climate change and population ageing, which can be turned into sources of growth. Given Japan's precarious fiscal position, it is essential to co-ordinate spending related to the Strategy with the medium-term fiscal plan, in part by increasing the emphasis on regulatory reform. Such measures should cover the entire economy, rather than being limited to the seven areas identified in the Strategy. Among those areas, effectively promoting green innovation will require market-based instruments to place a price on carbon, preferably through a mandatory and comprehensive emissions trading system, to promote private investment, accompanied by a range of other policies. Achieving deeper economic integration with Asia depends on reducing support for agriculture to facilitate more bilateral and regional trade agreements, while bringing down barriers to foreign direct investment and foreign workers. Policies to expand venture capital would help launch innovative firms. This Working Paper relates to the 2011 OECD Economic Survey of Japan (www.oecd.org/eco/surveys/Japan).
- Series Statement
- OECD Economics Department Working Papers, 1815-1973 ; no.890
- Uniform Title
- OECD Economics Department Working Papers, no.890.
- Subject
- Economics
- LCCN
- 10.1787/5kg58z5z007b-en
- OCLC
- oecd-lib-003231
- Author
Jones, Randall.
- Title
Japan's New Growth Strategy to Create Demand and Jobs [electronic resource] / Randall Jones and Byungseo Yoo
- Imprint
Paris : OECD Publishing, 2011.
- Series
OECD Economics Department Working Papers, 1815-1973 ; no.890
OECD Economics Department Working Papers, 1815-1973 ; no.890.
- Connect to:
- Indexed Term
Economics
- Added Author
Yoo, Byungseo.
- Other Standard Identifier
10.1787/5kg58z5z007b-en doi