Korea's Economy
From the Issue
Korea's Economy Volume 27About Korea's Economy
Korea’s Economy is KEI’s annual journal publication dedicated to the key issues of the day for the Korean economy. Articles in Korea’s Economy are designed to give the casual, but informed reader insight into issues related to Korea’s markets and financial institutions, economic reform, economic relations with the wider world, and North Korea. It is published jointly each year with the Korea Institute for International Economic Policy.
The expansion of the Group of Eight (G-8) to the Group of 20 (G-20) was received by developing countries with high expectations and optimism. The expansion was considered an important step toward improving global economic governance in an increasingly globalized world. The inclusion of emerging economies in global economic leadership was also seen as opening a platform for articulating positions and concerns of Africans and other developing regions. African nations were especially hopeful that South Korea’s leadership of the G-20 would provide them with an opportunity to voice specific issues of concern that had hitherto not been given sufficient focus by the developed countries under the G-7 and G-8 regimes. Of immediate concern to developing countries were actions to deal with the global economic and financial crisis and sustaining long-term economic growth.