# Professor Stijn Van Nieuwerburgh explains why he believes Korea needs to implement economic reforms

1 Faculty News February 29, 2016 ![The Korea Times logo](/sites/default/files/styles/246w/public/assets/images/koreatimes192x144.jpg?itok=_oygCSYC)>

Excerpt from [The Korea Times](http://www.koreatimes.co.kr/www/news/biz/2016/02/123_199242.html) -- "'Ultimately, reforms that promote strong labor force participation — among men and women, the young and the elderly — and retooling of the unemployed; measures that unleash creative and competitive forces in the economy; are what are needed to rekindle and accelerate growth,' \[[Van Nieuwerburgh](http://www.stern.nyu.edu/faculty/bio/stijn-van-nieuwerburgh)\] said."

[Read more](http://www.koreatimes.co.kr/www/news/biz/2016/02/123_199242.html)