Research Catalog

Title

Boosting Productivity in Korea's Service Sector [electronic resource] / Randall Jones

Author

Jones, Randall.

Publication

Paris : OECD Publishing, 2009.

Details

Description

39 p.; 21 x 29.7cm.

Summary

Labour productivity growth in the service sector has been low relative to manufacturing. This is explained in part by weak competition in services resulting from strict product market regulation and the low level of import penetration and inflows of foreign direct investment (FDI). Increasing productivity growth in the service sector, which accounts for 67% of employment and 58% of value added in Korea, is essential to sustain high potential growth. The priority is to strengthen competition by eliminating domestic entry barriers, accelerating regulatory reform, upgrading competition policy and reducing barriers to trade and inflows of FDI. Another challenge is to enhance the performance and accelerate the restructuring of small and medium-sized enterprises, which account for over 90% of service-sector employment. Furthermore, it is essential to boost productivity in service industries with high growth potential, such as telecommunications and financial and business.

Series Statement

OECD Economics Department Working Papers, 1815-1973 ; no.673

Uniform Title

OECD Economics Department Working Papers, no.673.

Subject

• Economics
• Korea, Republic of

LCCN

10.1787/226625875038

OCLC

oecd-lib

Author

Jones, Randall.

Title

Boosting Productivity in Korea's Service Sector [electronic resource] / Randall Jones

Imprint

Paris : OECD Publishing, 2009.

Series

OECD Economics Department Working Papers, 1815-1973 ; no.673

OECD Economics Department Working Papers, 1815-1973 ; no.673.

Connect to:

Full text online available onsite at NYPL

Indexed Term

Economics

Korea, Republic of

Other Standard Identifier

10.1787/226625875038 doi