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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Email Randall S. Jones
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.
May 18, 2023
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…
April 7, 2021
Korea’s economy shrank by 1% in 2020, the first contraction since the 1997 Asian financial crisis (Table 1). It was the smallest decline among the 38 OECD member countries, reflecting Korea’s success in limiting the spread of the coronavirus. In addition, monetary policy easing and government financial support equal to about 15% of GDP sustained…
March 3, 2021
President Moon Jae-in pledged in October 2020 that Korea will reach carbon neutrality by 2050, joining a number of European countries and Japan. With China aiming to be carbon neutral by 2060, Korea becomes the third big Asian economy to announce a target for achieving carbon neutrality. Korea’s objective is in line the Intergovernmental Panel…
February 2, 2021
On November 15th, fifteen countries signed the Regional Comprehensive Economic Partnership (RCEP), the world’s largest free trade agreement. It includes the ten ASEAN countries and some of their key trading partners – China, Japan, Korea, Australia and New Zealand. With a combined 2.2 billion people, the RCEP member countries account for about 30% of the world’s…
December 10, 2020
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…
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)…
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…
May 25, 2011
September 23, 2022
The conversation will be livestreamed on YouTube.