Thomas Byrne
Thomas Byrne
ability balance best bigger citizens country demands divide economy generally gets greater grow growth natural potential services social solution welfare
Generally speaking, if you're going to divide a pie, it's better to have a bigger pie. It's only natural that if the country gets richer, there are more demands from citizens for greater social benefits. But the best solution would be to balance the demand for social welfare services with the ability to grow the economy up to its potential growth rate.
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This FTA with the U.S. is also intriguing because I think it could be an anchor that could force Korea to deregulate the economy and liberalize it further.
banks below changes foreign global improved intrinsic korean needs presence since strong stronger value
The Korean banks' intrinsic value has improved since the crisis, but still substantially below the global average. More needs to be done, and one way is to have strong foreign banks have a stronger controlling presence because it changes the whole competitive dynamics.
brought debt decline pose public risk savings surplus
A decline in the savings surplus will pose a long-term risk if public debt is not brought under control,
both customer doctors home involved vital
Like doctors with specialties, professional appraisers and home inspectors can see things that their customer typically cannot. It's vital that both professionals be involved in the process.
attempting budget contain deficit effective fashion government policy rein tax
The government is now attempting to fashion a more effective tax policy to rein in the budget deficit and contain debt.