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Randall S. Jones

Non-Resident Fellow
Korea Economic Institute of America
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About Randall S. Jones

Dr. Randall Jones is a non-resident scholar at the Korea Economic Institute and a Professional Fellow at Columbia University’s Center on Japanese Economy and Business. Previously, he served as the Senior Counsellor for East Asia and as Head of the Japan/Korea Desk at the Organization for Economic Cooperation and Development (OECD) in Paris from 2002 until August 2019. During his 30 years at the OECD, Dr. Jones wrote all 16 OECD Economic Surveys of Korea and 15 OECD Economic Surveys of Japan, in addition to a number of other publications. In recognition for his work on Japan and Korea, Dr. Jones received the Decoration of the Order of the Rising Sun from the Government of Japan and the Sungnye Medal of the Order of Diplomatic Service Merit from the Government of Korea in 2018. Before joining the OECD in 1989, he spent three years in the U.S. government, serving at the Council of Economic Advisers and as an advisor in the State Department. Dr. Jones was also the vice-president of the Japan Economic Institute in Washington. Dr. Jones received a B.A. in Economics from Brigham Young University and a PhD in Economics from the University of Michigan in 1984. He lived in Korea from 1974 to 1976.

Join KEI and Asia Foundation for a discussion on North Korean refugee entrepreneurs and their experiences and challenges.

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January 21, 2021

Please join us for a discussion of the OECD’s 2020 Economic Survey of Korea, how the Korean economy is weathering COVID-19, and how COVID-19 will impact Korea’s longer term efforts to address issues related to population aging, low productivity, and inclusive growth.

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October 6, 2020
Randall S. Jones, Vincent Keon, Christophe André, Jinwoan Beom, Mathilde Pak

One year ago, President Moon Jae-in launched the Korean New Deal, which aims to “set the foundation for Korea’s next 100 years.” The New Deal is a national development strategy with three main objectives. First, create jobs, both government-supported positions for low-skilled workers and jobs that support the transition towards a digital and green economy.…

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Region: Asia

July 13, 2021

Korea’s real GDP grew 6.6% (seasonally-adjusted annual rate) in the first quarter of 2021, bringing it back to its pre-pandemic peak level (Figure 1). The May OECD Economic Outlook projects that it will increase 3.8% in 2021, significantly faster than its March outlook of 3.3%. The new projection is consistent with forecasts by the Bank…

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Region: Asia

June 10, 2021

Korea stands out for its success in handling the COVID-19 pandemic and limiting its economic impact. The 1.0% fall in real GDP in 2020 was the smallest decline among the 38 member countries in the OECD. Nevertheless, employment (including the self-employed) in February 2021 was 1.8% below its year-earlier level. Women accounted for about 60%…

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Region: Asia

May 7, 2021

With inflation undershooting its 2% medium-term target, the Bank of Korea (BoK) cut its policy rate by 50 basis points twice in 2019 (Figure 1). Faced with further disinflationary pressures during the COVID-19 pandemic, the central bank cut the rate by another 50 basis points in March 2020 and 25 basis points in May, to…

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Region: Asia

April 7, 2021

Korea is pursuing a bold strategy in an effort to achieve a paradigm shift that results in a fair economy. Some of its major initiatives – notably sharp increases in…

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Region: Asia

July 30, 2019

The tax burden in Korea—at 26 percent of gross domestic product (GDP) —was well below the average of the member countries of the Organization for Economic Cooperation and Development (OECD)…

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Region: Asia

May 25, 2011

Korea is in the midst of the most rapid demographic transition of any member country of the Organization for Economic Cooperation and Development (OECD); the share of Korea’s population older…

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Region: Asia

May 25, 2011