Ⅰ. Introduction
It is 16th years after sublicensed local autonomy. For maximizing citizen participation, decentralization, and local tax revenue which are considered as local autonomy, each governments have reformed organization and many powers for autonomy used to be shifted local government.
But in spite of these effort of decentralization at the government level, If local government fa
Roh Moo Hyun period’s government
Increase in welfare and tried to distribute wealth
Pursued the welfare government based on Keynesian policy
Aimed at rational reform govt, integrated-nation govt, openness govt, and hopeful government
3 main state affairs’ goal: realization of democracy, construction of balanced society, and construction of North East Asian society with peace and prosp
Fiscal Balance
Economic insecurity and resulting social unrest occasioned by ever-expanding populations of involuntarily unemployed dominated social thinking in developed countries during much of the 20th century. As the average lifetime is getting higher, the percentage of World`s population aged 65 and over is going up.
Figure4. Percentage of World’s Population Aged 65 and over (*Pro
2. Conventional Wisdom And The Crisis
Why it is that Fiscal policy is back in fashion.
1. One argument suggests that as Monetary and credit policy reached its limit policymakers had no other choice but to rely on fiscal policy more heavily.
2. The other argument is that as the recession across countries was expected to last long, fiscal stimulus would have enough time to yield beneficial i
spend whether there are wars or diseases or whatever. Tax cuts, equity wealth, and job market conditions also favor upper-income individuals, who are the primary luxury goods consumers.
- Declining of Exclusivity of Luxury Goods :
In an age of mass affluence with easy access to credit, luxury goods are becoming more affordable. Also, with a 50 percent rise in household income in the last 30
spend a great deal of time clarifying options and looking at costs. In examining possibilities for substitution, economists look at costs and benefits at the margin.
경제학자들은 그들의 개인주의적 접근방식 때문에, 사회적 문제들을 해결하기 위해 시장에 의지하는 경향이 있다. 문제를 분석하는데 있어서, 경제학자들은 선택할 수 있는
Progress of the euro zone financial crisis and its causes
In the conditions of the global financial and economic crisis, a majority of European countries launched large programs to reanimate the economic situation and save jobs. As the massive fiscalspending is inevitable in the process of addressing the economic crisis, the European financial situation began to deteriorate rapidly.
spending over
the next fiscal year. John?
Ive requested the department trim
five percent across the board,
except for education.
Okay. But were gonna have to
find some additional measures.
Cutbacks? With an election
next year, it might...
You want the tooth fairy to come,
youre gonna have to put some teeth
under the pillow.
Agreed. With what weve done,
were now in a position to take stock...
make
spending.
투자 세액 공제: 투자 지출에 착수한 사업에 주어지는 세금 감면이나 공제
Johnson Tax Surcharge : A fiscal policy designed by the Johnson administration to reduce inflation. The program included a 10 percent tax surcharge on individual and corporate income effective for one year, with a presidential option to extend it for another year. It also included the
fiscal stimulus programme, the expansionary monetary policy, and the Yuan stabilization policy, GDP growth nonetheless picked up in 2009 fuelled by a rebound of domestic demand itself underpinned by a strong expansion of credit. Investment, particularly in construction, increased rapidly while consumption, spurred by strong social spending, was very dynamic as attested by the rise of sales in the