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Fiscal Decentralisation and Inclusive Growth in Asia

image of Fiscal Decentralisation and Inclusive Growth in Asia

This report looks at the challenges faced by Asian countries in addressing inclusive growth and fiscal decentralisation. A series of studies examines how policies in the region have evolved in accordance with changes in demography and the economic environment, reflecting country characteristics, history and political economy forces.

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Inclusive growth and decentralisation in Korea

One of the key connectors between inclusive growth and education seems to be fiscal decentralisation. Education equity has long been a significant policy concern, not only in developed but also in developing countries. This chapter points out how the equal distribution of educational opportunities through fiscal decentralisation affects inclusive growth. The empirical findings in this chapter pose some policy-related questions. First, the linkage between income disparities and education inequalities with the definition of student resiliency has been shown. Second, this study suggests that the mitigation of regional disparities may improve income equality. From this point of view, the regional imbalance of demographic and economic infrastructures may worsen income inequality in the highly congested capital cities in many Asian countries. Finally, this empirical study adds to the evidence concerning the relationship between two kinds of redistributive policies for many Asian countries and OECD countries.

English

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