Asia Program

Pacific Exchange Blog

Can Korea Move Beyond Government-Backed Small Business Lending?

Posted July 15, 2019

Korea has some of the most supportive policies for startups and small businesses, including an abundant supply of government-backed loans, due to their role as an employment engine. Support for small businesses is poised to remain strong as the country undergoes a strategic shift toward inclusive and innovation led growth. However, critics point to data suggesting government programs enable poor performance among companies. In response, policymakers have introduced measures to diversify financing, increase the role of capital markets, and improve productivity.

More from the Pacific Exchange blog

Pacific Exchanges Podcast

The State Strikes Back: The Diminishing Role of China’s Private Sector

Posted July 12, 2019

In this episode, we sat down with Nick Lardy, senior fellow at the Peterson Institute for International Economics. Nick is one of the world’s most prominent analysts of China’s economic development and the role of its private sector in generating growth. We sat down to discuss Nick’s new book, The State Strikes Back: The End of Economic Reform in China? Nick walked us through some troubling statistics about the Chinese private sector’s diminishing role as measured from a number of data sources and qualitative indicators of slowing economic reform.

More from the Pacific Exchanges podcast