The plan may be divided into four major categories.

The first concerns projects to establish an energy-efficient

The second category includes projects to increase the general standard of healthy living

spanning 3,114 kilometers will be gradually established

rivers throughout the country will be restored

The third category consists of preventative measures such as reducing carbon emissions and securing fresh-water resources.

The last category concerns investment projects for future industries

land, energy, water resources and buildings

The Green New Deal Policy will also contribute to stimulating the regional economy.

In line with the proposal of new growth engines unveiled on Jan. 13, the government will make efforts to strengthen the strategy of increasing green technology and strive to achieve practical and balanced results through the Green New Deal policy.

If the market can autonomously create new business, there is no need for the government to lead the industrial plan. In this regard, most developed countries support only R&D and development of human resources. However, this strategy is not always the best for developing countries, where the market does not have the capability of innovation. Even the United States is now experiencing the need of appropriate government control to secure the nearly collapsed financial sector and deeply depressed industries. At this stage, the Korean government has decided to motivate new industries which have good potential for growth, but may not grow unless the government intentionally nurtures R&D, cultivates initial-stage market growth, deregulates constraints and provides well-prepared human resources.

By Nam-pyo SuhPresident, Korea Advanced Institute of Science and Technology

The NGE Initiative is composed of 360 non-governmental experts from various industries, research institutions and universities.

Even though the R&D portion of 5 percent in government spending is one of the highest in the world, it is still less than one-tenth of the United States. So Korea has to select and concentrate on promising industries, considering what industries it is best at developing.

The 22 projects selected in six areas are as follows. 1) Energy and environment

Emission-free clean coal

how to remove the emission of carbon dioxide

Ocean-originated bio-fuel

Solar cells

Carbon sequestration and reuse

Fuel cell power generation

Nuclear power plant

Transportation systems

Green cars: The main enabler of a green car is the plug-in hybrid electrical vehicle which uses both batteries and a combustion engine. The electricity can be recharged at home. However, in Korea, most cars cannot be parked in personal spaces. Establishing public charging infrastructure is an additional challenge. The electricity for urban electrical vehicles may be supplied from underground wires without physical contact.

Shipbuilding and ocean systems

3) New IT

mobile harbor technology

System semiconductors

Displays

Next-generation mobile telecommunications

LED lighting

RFID/USN: RFID and the Ubiquitous Sensor Network is a revolutionary instrument for next-generation logistics management. However, the chip price is still too expensive to justify its application. So government should apply the RFID/USN in the public sector to create the new standard and the market for mass production and cost reduction.

4) New integrated industries

Robots

New materials and nanotechnology

IT-enabled products and processes: Korea is the leader in IT infrastructure.

5) Bio-industry

Convergence of telecommunication and broadcasting:

6) Knowledge-based services

Software

Healthcare:

Design:

Cultural contents

New medicine and medical equipment

Le Crédit d’impôt atteindra bientôt 3 voire 4 milliards, soit en gros le coût de la recherche de toutes les universités, incluant la moitié des salaires de tous les enseignants-chercheurs ! Cette évolution démentielle ne fait suite et n’est suivie d’aucune évaluation sérieuse,

Even the topology of the internet itself is looking less American. In 1999 around 90% of Asia’s international internet traffic passed through America; in 2008 the share dropped to 54%, according to TeleGeography, a telecoms-research firm. It is yet another example of how the technology industry, once dominated by America, is becoming truly global in nature.

Direct stimulus of consumption is tricky. In this economic climate, most of the money returned to consumers from tax cuts would probably be saved

That brings us to government expenditure, which is getting most of the press.

second, spending may easily focus on pork-barrel projects that have little inherent value.

That brings us to private investment, which hasn't been getting nearly as much attention as it deserves. This is unfortunate, since private investment is what makes possible future increases in production and consumption. Investment tax credits or other subsidies for private-sector investment are not as politically appealing as tax cuts for consumers or increases in government expenditure. But if private investment doesn't increase, where will the extra consumption come from in the future?

Mr. Varian is professor of economics at the University of California, Berkeley, and chief economist at Google.

Instituting costly new regulations and imposing the new tax will doubtless have the effect of destabilising the most fragile operators.

If the public authorities want the French to benefit fully from these innovations and from the advantages provided by broadband mobile service, they should moderate their regulatory and tax appetites!