Author: Publisher:
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Languages : en
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Book Description
Sustaining Growth in Korea by Reforming the Labour Market and Improving the Education System
Author: Sustaining Growth in Korea by Reforming the Labour Market and Improving the Education System
Author: Randall S. JonesKorea’s Paradigm Shift for Sustainable and Inclusive Growth: A Proposal
Author: Yangkyoon ByeonPublisher: International Monetary Fund
ISBN: 1484330390
Category : Business & Economics
Languages : en
Pages : 41
Book Description
Korea is facing mounting economic challenges. Productivity growth has been on a trend decline amid demographic headwinds, while the societal demand for inclusive growth has been on a steep rise. Furthermore, the government-led unbalanced growth model—which served Korea well in the past—has become less effective and politically palatable in recent years. As such, Korea needs a major paradigm shift to embark on a new sustainable and inclusive growth path. But policy response has been modest at best with no major reforms being implemented over the past two decades. We propose a paradigm shift in Korea’s economic framework, involving a simultaneous big push for greater economic freedom and stronger social protection within the parameters set by long-run fiscal sustainability. We also provide a detailed account of structural reforms to boost economic freedom and sustainable funding plans for stronger social protection.
Strategies for Reforming Korea’s Labor Market to Foster Growth
Author: Mai DaoPublisher: International Monetary Fund
ISBN: 1498347924
Category : Business & Economics
Languages : en
Pages : 20
Book Description
While the Korean unemployment rates are currently among the lowest in OECD countries, the labor market duality and the underemployment in some segments of the population are important labor market challenges, and factors contributing to lower potential growth. The paper shows the benefits of comprehensive policy reforms aimed at increasing labor force participation and youth employment and reducing duality are likely to be considerable in the medium term.
Sustaining High Growth Through Innovation
Author: Yongchun BaekPublisher:
ISBN:
Category :
Languages : en
Pages : 53
Book Description
With inputs of labour and capital slowing, sustaining high growth rates in Korea will increasingly depend on total factor productivity gains, which are in turn driven to a large extent by innovation. While a number of Korean firms are at the world technology frontier in areas such as ICT, the diffusion of technology to lagging sectors is a priority to sustain growth. This paper recommends policies to improve the science and technology system by upgrading the R & D framework, in part through closer linkages between firms, universities and the government, and enhanced intellectual property right protection. Strengthened competition, particularly in the service sector, is needed to promote the diffusion of new technologies. Innovation also requires policies to ensure the supply of high-quality human capital through reforms of tertiary education. This requires a restructuring of the university system through increased competition and deregulation, as well as additional financial resources to improve quality. This Working Paper relates to the 2005 OECD Economic Survey of Korea (www.oecd.org/eco/surveys/korea). (A bibliography is included. Contains 34 footnotes, 12 figures, 5 boxes and 4 tables.).
OECD Economic Surveys: Korea 2008
Author: OECDPublisher: OECD Publishing
ISBN: 9264057498
Category :
Languages : en
Pages : 156
Book Description
This 2008 edition of OECD's periodic review of Korea's economy looks at key challenges including reforming the tax system, boosting productivity in the services sector, and sustaining growth by reforming labour markets and improving education.
Pushing Ahead with Reform in Korea Labour Market and Social Safety-net Policies
Author: OECDPublisher: OECD Publishing
ISBN: 926418192X
Category :
Languages : en
Pages : 178
Book Description
This book shows that government labour and social policies, together with improved basic workers’ rights, helped minimise the costs of Korea's economic and financial crisis while also contributing to overcome it.
Labour Market Reforms in Korea to Promote Inclusive Growth
Author: Korean Education in Changing Economic and Demographic Contexts
Author: Hyunjoon ParkPublisher: Springer Science & Business Media
ISBN: 9814451274
Category : Education
Languages : en
Pages : 210
Book Description
This edited volume offers a comprehensive survey of Korean education in transition. Divided into three parts, the book first assesses the current state of Korean education. It examines how the educational system handles the effects of family background and gender in helping students smoothly transition from school to the labor market. Next, the book introduces growing concerns over whether the traditional model of Korean education can adequately meet the demands of the emerging knowledge-based economy. It examines features of new reform measures that have been introduced to help Korean education prepare students for the new economy. The third part discusses how an influx of diverse migrant groups, including marriage migrants, migrant workers, and North Korean migrants, and the rising divorce rate — two major demographic changes— challenge the fundamental assumption of cultural homogeneity that has long been a part of Korean education. This detailed analysis of a society and educational system in transition will appeal to a wide range of readers, from those involved with Korean education to educators and administrators in countries currently looking for ways to handle their own economic and demographic changes.
OECD Economic Surveys: Korea 2008
Author: OECDPublisher: OECD Publishing
ISBN: 9789264054257
Category :
Languages : en
Pages : 156
Book Description
This 2008 edition of OECD's periodic review of Korea's economy looks at key challenges including reforming the tax system, boosting productivity in the services sector, and sustaining growth by reforming labour markets and improving education.