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CONTENTS No 308 Q4 2016

READERS’ VIEWS 2

Urban future; Women graduates; Pay gap; Twitterings

EDITORIAL 3

The OECD and Korea: Celebrating a milestone Angel Gurría, Secretary-General of the OECD

NEWS BRIEF 4

Europe paying a heavy price for chronic diseases; Use fiscal policy against low-growth trap; Tax policy reforms; Soundbites; Economy; Country roundup; Darren Walker; Other stories; Plus ça change

OECD.ORG 6

BlogServer

SPOTLIGHT ON KOREA 9

Marking 20 years at the OECD: A new way forward Yoo Il-ho, Deputy Prime Minister and Minister of Strategy and Finance, Republic of Korea 10 Korea and the OECD: The past 20 years and beyond Yun Byung-se, Minister of Foreign Affairs, Republic of Korea 11 From early footsteps to adulthood: Two decades of achievement Jong-Won Yoon, Ambassador of Korea to the OECD 13 Korea and the OECD

Korea’s innovation wave, page 16

www.oecdobserver.org ©OECD December 2016 ISSN 0029-7054 Tel.: +33 (0) 1 45 24 9112 Fax: +33 (0) 1 45 24 82 10 sales@oecd.org Founded in 1962. The magazine of the Organisation for Economic Co-operation and Development OECD Publications 2 rue André Pascal 75775 Paris cedex 16, France observer@oecd.org www.oecd.org

14 Korea’s economy: Finding a new momentum Randall Jones, OECD Economics Department 16 The innovation wave 17 Getting smart: Korea’s creative economy 18 Korea’s digital governance 19 Education: Korea’s class act faces new tests 20 From a green jewel, a green economy 22 Lessons in rural development Carl Dahlman and Vicente Ruiz, OECD Development Centre, and Randall Jones, OECD Economics Department 24 Databank: Snapshots on Korea 26 OECD Observer Roundtable on Korea 28 Well-being in Korea 29 To the Miracle on the Han Donald Johnston, former Secretary-General of the OECD (1996-2006) 30 Korea’s accession to the OECD: A history Peter Carroll, Tasmanian School of Business and Economics, University of Tasmania, and William Hynes, OECD 32 Korea in the OECD Observer: A selection from the archives 33 Ode to my Father 34 People at the OECD 35 OECD Young Professionals Programme

ECONOMIC OUTLOOK 38 How to escape from the low-growth trap Catherine Mann, OECD Chief Economist 40 Country snapshots 2017-18

Rural lessons, page 22

Published in English and French by the OECD EDITOR-IN-CHIEF: Rory J. Clarke PLANNING AND DEVELOPMENT EDITOR: Diana Klein EDITORIAL ASSISTANT, WRITER: Neïla Bachene LAYOUT: Design Factory, Ireland ILLUSTRATIONS: David Rooney, Sylvie Serprix WRITER: Clara Young ADVERTISING MANAGER: Aleksandra Sawicka ADVERTISING SALES: LDMD PRINTERS: SIEP, France; Chain of Custody certified. Applications for permission to reproduce or translate all or parts of articles from the OECD Observer, should be addressed to: The Editor, OECD Observer, 2 rue André Pascal, 75775 Paris, cedex 16, France.

ECONOMY AND SOCIETY 52 Can Malaysia become a high-income country by 2020? Vincent Koen and Mohamed Rizwan Habeeb Rahuman, OECD Economics Department 54 Africa: Towards comprehensive revenue data Michelle Harding and Emmanuelle Modica, OECD Centre for Tax Policy and Administration, and Sébastien Markley and Henri-Bernard SolignacLecomte, OECD Development Centre 55 Climate, inequality and cities: How the world’s mayors can make a difference Lamia Kamal-Chaoui, Director, Centre for Entrepreneurship, SMEs, Local Development and Tourism, OECD, and Mark Watts, Executive Director, C40 Cities Climate Leadership Group 56 Gender equality: Let’s bring the men to the table Anne Fulwood, W20 Representative for Australia 58 The PISA 2015 scorecard: Must do better on inequality

OECD.ORG 60 The OECD: New wings or still the same old club? Philip Pierros, Minister-Counsellor and Deputy Permanent Representative, EU Delegation to the OECD, and Philip Wegmann, Master’s student of Political Theory, Goethe-University Frankfurt, Germany, former Assistant, EU Delegation to the OECD and UNESCO Contents continued ▸

Education, page 19, and PISA results, page 58

All signed articles in the OECD Observer express the opinions of the authors and do not necessarily represent the official views of the OECD or its member countries. Reprinted and translated articles should carry the credit line “Reprinted from the OECD Observer”, plus date of issue. Signed articles reprinted must bear the author’s name. Two voucher copies should be sent to the Editor. All correspondence should be addressed to the Editor. The Organisation cannot be responsible for returning unsolicited manuscripts. The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms of international law.

OECD Observer No 308 Q4 2016  
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