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| 1 |
ID:
096155
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| Publication |
2010.
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| Summary/Abstract |
The Republic of Korea was one of the major victims of the Asian Financial Crisis of 1997-98, but it recovered its economic dynamism quite quickly. In the short term, its budgetary response to near economic collapse was immediate and quite significant. The government increased spending and, once the peak of the crisis was over, taxes and expanded its previously very limited support of needy Koreans by substantially increasing funds for social development and for aiding local government. Thus, despite its being forced to accept a large International Monetary Fund (IMF) loan in late 1997, Korea clearly rejected the IMF model of fiscal austerity and governmental downsizing, giving a much higher priority to the welfare of its citizens. However, this short-term response to the devastating fallout from the crisis seems to have exacerbated several long-term challenges facing Korea. The liberal fiscal policy clearly contributed to the country's burgeoning debt problem, and there have been only limited attempts to improve the problems associated with public funds and special accounts. Unfortunately, political inertia makes a serious response to these long-term challenges unlikely in the near future.
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| 2 |
ID:
092806
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| Publication |
2009.
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| Summary/Abstract |
This paper aims to analyze the public funds transferred to energy projects granted by the Department of Research in the frame of the Spanish Scientific Research, Development and Technological Innovation (R&D&I) Plan 2004-2007. The subjects of the projects granted for R&D activities in incipient technologies and the thematic priorities in energy research covered by the annual calls for proposals are analyzed. In addition, the amount of funds transferred to R&D in energy compared to the rest of research activities promoted by the Spanish Government, the territorial distribution of the research centres granted, the distribution of funds in relation to the technologies granted and the Spanish research centres more active in the diverse energy research areas are presented.
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