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Randall S. Jones

Distinguished Fellow
Korea Economic Institute of America
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About Randall S. Jones

Dr. Randall Jones is a non-resident distinguished fellow 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.

On May 10, 2023, KEI held a special hybrid rollout event for the inaugural volume of its new flagship journal, Korea Policy. Event description below: “Like our previous publications, Korea Policy…

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Region: Asia,Europe

The semi-annual OECD Economic Outlook released in May projects that global GDP growth will remain around 3 percent in 2024 and 2025, shown below in Figure 1. The report’s outlook reflects the continued impact of tight monetary conditions. Nevertheless, the report cites several positive trends, such as falling inflation and improving private-sector confidence. With unemployment…

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Region: Asia

May 30, 2024

South Korea stands out for its investments in innovation, notably high enrollment rates in tertiary education and large investments in research and development (R&D) and patents. Nevertheless, labor productivity (output per worker) in South Korea was 23 percent below the average among OECD countries in 2021. Strengthening the innovation ecosystem and boosting the return on…

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Region: Asia

May 9, 2024

Innovation has played a vital role in Korea’s rapid economic development. Initially led by the introduction of new technology from abroad, Korea has achieved sustained progress toward the global innovation frontier. Korea’s innovation inputs in terms of human capital and research spending are among the highest in the world. It also has the highest share…

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Region: Asia

April 24, 2024

Corruption has a significant negative effect on economic growth through its impact on investment, competition, entrepreneurship, government efficiency and human capital formation. It also has important implications for numerous indicators of economic development, such as environmental quality, personal health and safety, income distribution and social trust. Reducing corruption should be a top priority. Many studies…

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Region: Asia

February 6, 2024

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