ID :
201505
Tue, 08/16/2011 - 02:07
Auther :
Shortlink :
https://oananews.org//node/201505
The shortlink copeid
Economic liberation President should adopt selection-and-focus strategy
(EDITORIAL from the Korea Times on Aug. 16)
President Lee Myung-bak was long on the economy but short on other issues in his 66th Liberation Day speech Monday. He appears to be too ambitious, seeking to solve all economic ills during the waning days of his presidency.
In his address marking the end of 35 years of Japanese colonial rule 66 years ago, the chief executive listed the five crises the global economy faces -- rapid climate change, food and energy crises, recurring financial tsunami, soaring prices and widening disparities in wealth and high unemployment.
He says the global economy needs a new economic ecology or new ways of thinking to overcome the current fog.
Under the new ecology, he said CEOs must adopt ethical management by increasing their social responsibilities. He added responsibility of capital must take precedence over freedom of capital. He stressed the need for ending the vicious circle of the rich getting richer and the poor getting poorer for mutual prosperity. He appealed that politics of life must replace politics of ideology.
He listed humanity, creativity and responsibility as the central values in the new political economy to ensure that people live harmoniously together.
His priority is the promotion of the welfare of low-income families, who suffered most in the changing economy.
He concluded that Korea has yet to establish a fair society, saying the problem of the economic gap leading to a social gap and a disparity of opportunities has yet to be addressed.
He emphasized the promotion of green growth, qualitative growth and economic progress to promote social cohesiveness and national progress along with individual progress.
He advocated the need for Korea to boost welfare programs but warned against competitive welfare populism. He emphasized the need to promote the welfare of non-regular workers.
His speech enabled people to read what is now in the mind of the president. He is too preoccupied with the economic issues. Even on economic issues he lacks focus, although his speech covered almost all economic issues extensively.
He made it clear he intends to maintain his North Korea policy of not seeking a dramatic breakthrough, but simply mending fences to keep the North from behaving badly and provocatively. However, Lee said Seoul's humanitarian assistance for children and the victims of recent flooding will continue.
He stood above the simmering territorial disputes between Korea and Japan involving the Dokdo islets and the naming of the sea between the two countries. Instead, he said that Seoul would strive to maintain mature and future-oriented relations with Tokyo. He encouraged the young people of the two countries to forge ahead into the new era with a correct recognition and understanding of history.
Despite Lee's extensive coverage on diagnosing the current economic ills, he was short on actions plans to cure the troubles haunting the Korean economy. He needs to adopt a selection-and-focus strategy, and devote more of his presidency to easing economic and social polarization.
President Lee Myung-bak was long on the economy but short on other issues in his 66th Liberation Day speech Monday. He appears to be too ambitious, seeking to solve all economic ills during the waning days of his presidency.
In his address marking the end of 35 years of Japanese colonial rule 66 years ago, the chief executive listed the five crises the global economy faces -- rapid climate change, food and energy crises, recurring financial tsunami, soaring prices and widening disparities in wealth and high unemployment.
He says the global economy needs a new economic ecology or new ways of thinking to overcome the current fog.
Under the new ecology, he said CEOs must adopt ethical management by increasing their social responsibilities. He added responsibility of capital must take precedence over freedom of capital. He stressed the need for ending the vicious circle of the rich getting richer and the poor getting poorer for mutual prosperity. He appealed that politics of life must replace politics of ideology.
He listed humanity, creativity and responsibility as the central values in the new political economy to ensure that people live harmoniously together.
His priority is the promotion of the welfare of low-income families, who suffered most in the changing economy.
He concluded that Korea has yet to establish a fair society, saying the problem of the economic gap leading to a social gap and a disparity of opportunities has yet to be addressed.
He emphasized the promotion of green growth, qualitative growth and economic progress to promote social cohesiveness and national progress along with individual progress.
He advocated the need for Korea to boost welfare programs but warned against competitive welfare populism. He emphasized the need to promote the welfare of non-regular workers.
His speech enabled people to read what is now in the mind of the president. He is too preoccupied with the economic issues. Even on economic issues he lacks focus, although his speech covered almost all economic issues extensively.
He made it clear he intends to maintain his North Korea policy of not seeking a dramatic breakthrough, but simply mending fences to keep the North from behaving badly and provocatively. However, Lee said Seoul's humanitarian assistance for children and the victims of recent flooding will continue.
He stood above the simmering territorial disputes between Korea and Japan involving the Dokdo islets and the naming of the sea between the two countries. Instead, he said that Seoul would strive to maintain mature and future-oriented relations with Tokyo. He encouraged the young people of the two countries to forge ahead into the new era with a correct recognition and understanding of history.
Despite Lee's extensive coverage on diagnosing the current economic ills, he was short on actions plans to cure the troubles haunting the Korean economy. He needs to adopt a selection-and-focus strategy, and devote more of his presidency to easing economic and social polarization.
