「Inclusive Korea 2018」 Seeking a New Policy Paradigm for Inclusion, Innovation and Peace
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[Keynote Speech 1] For a Better Life: Korea’s Growth as an Innovative and Inclusive Nation
Robert B. Reich2018.05.28
Keynote Speech 1. For a Better Life: Korea’s Growth as an Innovative and Inclusive Nation
Robert B. Reich Chancellor's Professor of Public Policy, University of California at Berkeley
□ The intensifying economic polarization driven by the widening gap in income and wealth and a collapsing middle class, etc. may give rise to social conflicts including distrust of government systems.
○ Growing economic stress and frustrations among young people could result in social cynicism, higher youth unemployment and a decline in purchasing power, which could undermine the nation’s potential economic dynamism.
□ Fundamental solutions to Korea’s current condition resulting from slow growth and increased economic polarization could include a policy paradigm shift towards ‘inclusion’ and ‘innovation.’
○ A key to an inclusive society is providing young people with equal opportunities. That is, sufficient opportunities should be guaranteed to enable the young generations to accumulate human capital via education and capital, regardless of their social status.
○ It is essential to prevent big money from taking over democratic systems and to drive innovation in order to provide small businesses, new entrants, small investors, and innovators with market access. This will enhance Korea’s economic dynamism and trust, ultimately resolving social conflicts and improving quality of life.
Robert B. Reich Chancellor's Professor of Public Policy, University of California at Berkeley
□ The intensifying economic polarization driven by the widening gap in income and wealth and a collapsing middle class, etc. may give rise to social conflicts including distrust of government systems.
○ Growing economic stress and frustrations among young people could result in social cynicism, higher youth unemployment and a decline in purchasing power, which could undermine the nation’s potential economic dynamism.
□ Fundamental solutions to Korea’s current condition resulting from slow growth and increased economic polarization could include a policy paradigm shift towards ‘inclusion’ and ‘innovation.’
○ A key to an inclusive society is providing young people with equal opportunities. That is, sufficient opportunities should be guaranteed to enable the young generations to accumulate human capital via education and capital, regardless of their social status.
○ It is essential to prevent big money from taking over democratic systems and to drive innovation in order to provide small businesses, new entrants, small investors, and innovators with market access. This will enhance Korea’s economic dynamism and trust, ultimately resolving social conflicts and improving quality of life.
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