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This article presents an overview and rationale for this KKO structure. The legal term for chaebol is “enterprise group”. In 1994 only 2 per cent of the maize crop in Tanzania was planted with purchased certified modern varieties of seed (World Bank 1994c). It was also facing the consequences of extreme economic deprivation in local families. Overcoming the duality between the formal and informal sectors should be the central point of this strategy.
Publisher: AMACOM (August 15, 2011)
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. The Basic Plan’s main elements, the structural reform of KEPCO, the creation of an independent sector regulator for the natural monopoly elements, the plans to develop an electricity pool, and a plan to introduce competition in retail supply, provide a sound framework to guide the development of a reliable, competitive and more efficient electricity sector pdf
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. This economic model had fostered fundamental structural weakness that made Korea vulnerable to contagion from Southeast Asia. Most notably, the pervasive links between the government and the corporate and financial sectors on the other had created a web of implicit guarantees and a serious moral hazard problem, leading to excessive risk-taking, over-investment and insufficient attention to credit and exchange rate risks. © OECD 2000 Regulatory Reform in Korea The Korean government has implemented economic and financial reforms to overcome the weaknesses that made Korea vulnerable: Particularly since late 1997, when agreement with the IMF was reached on a reform programme, the Korean government has implemented far-reaching economic and financial reforms to replace the state-led model of development with a more market-driven economy and overcome the weaknesses that had made Korea vulnerable to crisis. ... rehabilitating the financial sector… – The first priority was to rehabilitate the financial sector, by dealing with insolvent institutions and the non-performing loan problem, and establish a more market-oriented system. ... improving corporate governance… – To promote restructuring of the highly-indebted corporate sector, steps were taken to improve the corporate governance framework and insolvency procedures. ... increasing labour market flexibility… – Labour market flexibility was increased by allowing layoffs for “urgent managerial reasons”, including mergers and acquisitions. ... reforming the public sector… – Public sector reform was initiated to create a smaller, more efficient government and a new programme to privatise stateowned enterprises was launched. ... and reducing the load of anti-market regulations that had accumulated. – The government initiated a review of the approximately 11 000 existing regulations with a view to eliminating half of them (see Chapter 2) thenightvibe.com.au
Industry is also involved in a number of study groups examining issues, although these seem to be slow in finalising their work. Unfortunately, on the user side, the Federation of Korean Industries (FKI) plays a small role in the policy process in contrast to other countries where industry, and particular large users, have been key in pushing for regulatory reform and greater competition. 2.2 download for free
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. South Africa 246 and Eritrea 247 are examples of African countries that presently follow this arrangement. The adoption of the parliamentary system for the election of a president would be an extension of the proportional representation system to the elections for the office of president. [End Page 357] The process of adopting a constitution is as important as its substance. 248 The process must be legitimate and, in order for it to be legitimate, it must be inclusive. 249 It should represent the interests of all the people in the country, and the people must be made to feel that they own both the process and the end product. 250 A constitution should be the product of the integration of ideas of all the major stakeholders in a country, including all political parties both within and outside parliament, organized civil society, and individuals in the society. 251 Constitution-making structures must be open to the views and opinions of all stakeholders, who must be given a meaningful opportunity to make their views known download.
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