Korea’s bold initiative, the Green Growth Plan (GGP), spanning 2009 to 2013 with fiscal outlay of US$84 billion, posed a significant challenge to sustainable public finance management in Korea. This paper reviews how Korea accommodated the huge cross-cutting expenditure plan in its annual and medium term budgets. Notably Korea’s medium...
The concept of Green Growth has been recently advocated in different international venues such as OECD, UNEP, World Bank, IEA, and at the G8 and G20 meetings. Within this framework, South Korea is the first country in the World to make Green Growth Strategy a national one. This article aims...
Water security and water quality affect numerous economic sectors and areas: agriculture, energy, disaster management, and others. Countries need balanced and integrated approaches that are economically, environmentally, and socially sustainable. Threats related to climate change have added to the complexity, and to the importance, of water resource management. Korea’s integrated...
Big cities in developing countries are centers of economic growth, and magnets for people seeking better opportunities. That is the good part. The bad part is that the resulting population increases and economic growth come with traffic congestion, higher greenhouse gas emissions, and heavy pollution. Not long ago, Korean cities...