Income Inequality in Korea

Income Inequality in Korea
Author: Chong-Bum An
Publisher: BRILL
Total Pages: 202
Release: 2020-05-11
Genre: History
ISBN: 1684175291

"In the early 1990s, South Korea was showcased as a country that had combined extraordinary economic growth with a narrowing of income distribution, achieving remarkably low rates of unemployment and poverty. In the years following the financial crisis of 1997–1998, however, these rates ballooned to pre-crisis levels, giving rise to the perception that the gap between the rich and the poor in Korea had once again widened. Income Inequality in Korea explores the relationship between economic growth and social developments in Korea over the last three decades. Analyzing the forces behind the equalizing trends in the 1980s and early 1990s, and the deterioration evident in the post-crisis years, Chong-Bum An and Barry Bosworth investigate the macroeconomic conditions, gains in educational attainment, demographic changes and conditions in labor markets, and social welfare policies that have contributed to the evolution of income inequality over time. The authors also raise fundamental questions about whether the pre-crisis pattern of combining strong economic growth with improving equality can be restored, as well as how government policies might be designed to promote that objective. The book concludes with a discussion of some proposals for improving the efficacy of redistributive policies in Korea."

The Distribution of Income and Wealth in Korea

The Distribution of Income and Wealth in Korea
Author: Danny M. Leipziger
Publisher: World Bank Publications
Total Pages: 152
Release: 1992
Genre: Business & Economics
ISBN:

Examines recent trends and estimates the effect of rapid appreciation of asset values, concluding that there is evidence of less equality in the income distribution than conventionally reported. Contributes to and analytical framework for examining wealth issues and aims ultimately at a restoration of the traditional consensus in Korea toward broadly shared development gains.

Technology, Energy, and Development

Technology, Energy, and Development
Author: Haider Khan
Publisher: Edward Elgar Publishing
Total Pages: 182
Release: 1997
Genre: Business & Economics
ISBN:

Taking the economic transformation of South Korea as a case study, Khan (international economics, U. of Denver) explores the role of technology in economic development and argues that the choice of technology must be viewed in relation to employment, income distribution, human development, and the fulfillment of basic needs. He describes the transition from traditional to modern technology as a complex phenomenon with different costs and benefits for different socio-economic groups. Annotation copyrighted by Book News, Inc., Portland, OR

Basic Income in Korea and Beyond

Basic Income in Korea and Beyond
Author: Mee-Hyun Chung
Publisher: Springer Nature
Total Pages: 261
Release: 2023-02-08
Genre: Political Science
ISBN: 3031092023

This book shows that basic income is a powerful tool for realizing economic justice in our modern society. Through an interdisciplinary investigation of basic income in Korea, involving theological and social scientific perspectives, the book covers the topic of basic income on an academic basis, an economic basis, and in terms of its institutionalization potential. Although modern society is a global one, centered on the economic ideology of neo-liberalism, the negative effects of social polarization caused by this are quite severe. It is also urgent to come up with alternative solutions to the problems of labor reduction and wage labor. Moreover, the expansion of productivity through collaboration between humans and artificial intelligence also presents a challenge. An interdisciplinary study on the meaning and restructuring of labor is therefore needed. This book traces themes supporting the concept of basic income appearing in the Old and New Testaments, as well as precedents relating to basic income in the context of capitalism in the thought of the Reformers. Within the framework of Christian ethics, the book looks at the ideological basis for basic income and its applicability to the current situation in order to pursue economic justice. Additionally, the book examines the practical feasibility and rationale for basic income by discussing the economics of basic income financing and the political economy implications for how it can be applied to real politics.