An independent economic think tank says South Korea

"Economics 3.0" Kim KS (Kwang Economics Institute) by. Pyeonaem deonanchulpan.




"Everybody's crossing a red light even if you are not afraid."



Japan's famous comedian and actor Takeshi Kitano film collective attention to the blind and the boundary is quoted proverb. South Korea to the global financial crisis that emerged through this exemplary self-praise, begun in the Middle East 'green' environmentally friendly nuclear technology will be a rosy outlook on new growth engines, an overabundance of recent economic news in the newspaper, watch TV, I recalled a second red light . Of politicians and bureaucrats, KDI research institutions such as national, SERI's Economic Research Department, including the chaebol are all one voice, the story of the great advantage that they are no guarantee of truth. 1997 tribulation, kadeuchae crisis in 2003, and in 2008 went through the global financial crisis and currency crisis, while we have learned that lesson.



Kwang Economic Research Institute also discussed real estate bubble, and familiar with the private economic research deulegedo soda pop. Governments need to look at the owner's notice is almost unique in that in Korea is an independent think tank. In a recent collection of Kwang government policies and real estate for approx 4 nalseon criticism is pouring. The financial crisis, Korea's economic progress since the direction was wrong, the irregular structure of production and the labor market to venture to kill tycoon kkaeyaman sustainable democracy, market economy system, a possible raise your voice. South Korea's economy since the financial crisis, he could say that a dozen years, was crossing a red traffic light intersection imedo said.



Kwang collection are some figures. "The Hankyoreh" Jeong Nam-ku, old articles written by journalists for the first time that the success of his regular collection days, Kim's story is embedded. December 3, 1997, our government has asked the IMF for a bailout. Economic development officials and even the situation correctly, then he could not understand the deals overseas. Two days after a 50-page report, the key economic ministries and the Blue House, was passed to the Bank of Korea officials. Why the financial crisis occurred, how to deal with was whether containing. The report sparked a big topic. Nomura Research Institute, Seoul Branch was working on as a private citizen, wrote a report that was Kwang. He once even after a few months to overcome the financial crisis in the policy-making process creates the report in the Note to be attributed. And Kwang Co., Ltd. in August 2000, he established the Economic Research Institute has joined in an unprecedented experiment, an independent laboratory. Research services and reports to the sales revenue stream of his lab, the production of knowledge, honesty and moral authority, should protests.



Logically with the diagnosis of the small intestine Kwang economic background



University of Tokyo and Nomura Research Institute completed doctoral work in the history of the small intestine According to Kim, his work in Japan since the financial crisis, while the model reference active Turned to explain the economic paradigm in samgo pulling you into a skeleton you can imagine. The mid-to late 1990s, capital-intensive economic growth of Korea's limits were met, while there was technology-intensive paradigm is changing rapidly. Development of the solidarity of the economic cycle period was 4-5 years. When the plants are established to secure capital to take one years and a half, several thousand workers employed by one feature was the production of standardized products. But the characteristics of technology-intensive growth paradigm to the development of the technology investment is possible. This same technology development takes 10 to 15 years. Get a huge investment costs but very low probability of success. In developed countries like the United States is the probability of less than 5%. Samsung's semiconductors and commercialization of CDMA technology have gone through this process.



The problem with technology-intensive growth in the process of implementing many features is that staff was fired. Irregular throughout society because of the surge, he finds in the course of this series. They were the same company. Technology development companies have secured the further growth and growing, while small businesses do not have technology that accelerates hwadwaetda eliminated. The impact of financial crisis, the large and small enterprises also brought you this because of polarization geuksim director Kim pointed out.



Economic paradigm has changed, even though the private financial system were leaving the old frame. Changes in economic structure, 10-15 years and lowest risk of financial market businesses need to filter out, we did not have this capability in financial institutions. Instead, banks and mortgage companies were required Warranty. Capital-intensive growth in the past 10 on the way to the top 15 large companies have gone after the financial crisis caused the collapse everyone is here. In addition, commercial banks' retail banking business in the form of wholesale banking credit card, he turned to the bubble, real estate bubble has caused such confusion. Now the Bank of household real estate bubble real estate speculation buchugyeo hearing, and said raising the pump as director Kim is critical.



Paul Krugman him because of the shadow cast



"Economics 3.0" form of the Samsung's employment, GDP and misconceptions surrounding the truth, the real estate of a soft landing theory contradicts, MS and Google have come from South Korea can not therefore have a variety of topics. Kim then I have covered the book collection "with significant" or "talk the future" Paul Krugman, shown in a similar position and thought I had to have opinions. Krugman of the current U.S. economic situation, income inequality is not seen as the result of politics, real politics, Kim, director of the Korea Society and the people all of life's dirty Tweaks Ted. Krugman wins the election and Obama's health care reform in the U.S. economy finds hope, Kim, director gwon frozen landscape of the existing law to adhere 20-40 kkaechigo three children around the new political forces that have formed a drastic change of generations Korea Economic crisis could be avoided raise your voice.



For the excess power of ideological politics that sharply criticized what he would have you. The Great Depression of the 1930s occurred before the United States will offer to turn around. 1921, this was being done since the Great Depression, the Republican president from 1933 until the United States three times in a row to the ruling. Power abuse and corruption that were evaluated by U.S. President Warren Harding in the worst (1921-1923) and Calvin Coolidge (1923-1929), and Herbert Hoover (1929-1933) are that character. Hoover, in particular, the campaign "one day at home in a pot of chicken 1, which assumes two units of the car in the garage!" Was leading to a slogan, in the inauguration speech, "Today, Americans can see that any other country in the history of Not that poverty has a final victory in sight, "the sayings (?) side.



Kim, director of the GNP and Lee Myung-bak government in the 1920s and the late Republican President Hoover would like to claim. The President of the United States, including the GNP and the world financial crisis to the real estate bubble bursting, and when property prices were going commitment to Upload and 747 (7% economic growth, 4 million, the world daegangguk 7) and tremble because election victory . If Hoover's allusion to the slogan "All the family apartment on speculation economic growth and seven percent to reach $ 40,000 income," a commitment to kkolyiraneun elected and tremble. So says director Kim.



"I look, the economic crisis of the political ideology seems to be closely related. The liberal political philosophy to be confused with faire and free market economy and dominate the economic turmoil, the bigger the better. Radio reported that the liberal political ideology is privileged to join forces and driven because of the freedom faire easily perishable. "



All we need now is



I unconditionally Kwang logical right of the small intestine does not blind faith. For example, Samsung Electronics, the criticism of the employment model and the Japanese car maker Toyota to mention why it seems unfair to compare. Real estate bubble you say to a soft landing unfold his theory to raise the bubble realize the stupidity of the Journal of Sochi, real estate catastrophic collapse of the jachit overall financial system could lead to the fact that anxiety is a big nothing. The distorted group of chaebol governance structure and technical hyeokpa ppurinaeril the industrial structure of the venture should be built, and real estate speculation to stop the growth of the economy based on sustainable productive, you should take that trip on his claim that I just know that the ingenuity no.



"Economics 3.0", but not the core of information, economic ignorance and greed of officials criticized the reporters during the passage of the experience would have done in the knees was a stroke Tak. Kim, director, "Planning and financial Add frankly announced a 50 trillion won a green New Deal projects were made EULJI not look at how predictable. Some officials of each department's budget figures for a few days a plan to fit the tap project report to the president and create a busy press would have suffered. Decades should be important to promote policies created within days 뚝딱 Nanny (...) the ages and have not changed this behavior, "he says.



This comedy was not the South Korean government is no exception. Ministry of times first to write a press raw recruit's 'foster innovation-focused mid-mess' was the title of the article. Ministry of Industry and Small and Medium Business Administration at the time of the year small business innovation-focused look at developing a plan, and added Innobiz venture and the development would hold until 2008 was 30,000. To foster innovation-focused mid-pyobanghan nodaetongryeongyi 30,000 after the government proposed a specific timetable geotinde, 2008 to 15,000 at the time Innobiz venture company that will make the information was 10,000. The problem Innobiz 70% of companies outside the venture also received certification combined company even though it was simple. Excursions of the baby pig was a big story emerging. Industry and Energy was one of the scribes "The article went broke back in the presidential palace. Frankly, we know that a duplicate has been calculated. Rather, get to the good, "he confessed.



Only telling the truth, Kwang Economic Research Institute, only if someone claims is a clear ego. However, the problem of the Korea Society 'holy' economic problems that go public with easy to understand, so many discussions that take place to help publicize the chapter of a lack of professionals will ahnilkka too. Books published a collection of Kwang bangawotdeon here is why. To serve the people, so the people are the real masters of political and economic policy and the emergence of when is it gonna happen. I will keep naeswige sigh.
 
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