Laura Alfaro, Chief Economist and Economic Advisor at the Inter-American Development Bank (IDB)
Laura Alfaro, Chief Economist and Economic Advisor at the Inter-American Development Bank (IDB), stated on Tuesday that South Korea should set aside some of the revenue from its chip boom as reserves to prepare for future economic downturns. Her comments come as South Korea plans to establish a 162 trillion won (approximately $122 billion) "Future Response Fund," which will allocate additional tax revenues from the semiconductor boom to long-term investments while building reserves to cover future revenue shortfalls.
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