Kathreb

The UK Budget for 2002 came out last week. The major objectives being stability and employment to promote enterprise and fairness. Already the critics are attacking Gordon Brown and the government for producing a budget that in fact will do no such thing as promote enterprise. I'd have to say that I agree with this. A tax system doesn't really ring as being an innovative or new idea to fostering a cultural mindset of risk taking in business. The interesting thing though, is the idea of mixing an enterprise culture with a basis of welfare to support those on the wrong side of the digital divide in a knowledge economy. The idea sounds simple and indeed, is also a crucial issue facing Korea these days. Just how the UK manages this budget to achieve its objectives could have key implications on economies such as Korea, which is also striving to create an entrepreneurial spirit in tandem with a strong social safety net.

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