An interesting comparison between these two countries is to be found in an online article of a Korean newspaper two days ago. It is based on how Korea and Japan reacted to crises and made the necessary structural adjustments, particularly by regulatory reform. Written by the editor-in-chief of http://www.mrglobalization.com/ and former OECD and ADB official, it shows how Korea's competitiveness advantage orginated in several reforms, unparalleled in Japan: lifting restrictions to market access, improving the regulatory environment of business, fighting bribery. Indicators such as the OECD FDI Regulatory Restrictiveness Index and the WBG Doing Business indicator have measured this progress.
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