Labor Market Developments And Reforms In Korea
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Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 160 |
Release | : 2018-06-20 |
Genre | : |
ISBN | : 9264300821 |
Economic growth picked up in 2017, but reforms are needed to sustain Korea's convergence toward the income levels in the most advanced countries. Its labour productivity is 46% below the top half of OECD countries, reflecting problems in the service sector. In addition, productivity in small ...
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 179 |
Release | : 2017-02-21 |
Genre | : |
ISBN | : 9264269576 |
This report evaluates the comprehensive labour market reforms undertaken in Portugal in 2011-15. It reviews reforms in employment protection legislation, unemployment benefits, activation, collective bargaining, minimum wages and working time, and assesses the available evidence on their impact.
Author | : Yangkyoon Byeon |
Publisher | : International Monetary Fund |
Total Pages | : 41 |
Release | : 2017-11-20 |
Genre | : Business & Economics |
ISBN | : 1484329937 |
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.
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 128 |
Release | : 2020-08-11 |
Genre | : |
ISBN | : 926449619X |
Economic activity has contracted less in Korea than in other OECD countries, thanks to the prompt and effective reaction of the authorities to contain the spread of the COVID-19 virus and to the wide-ranging government support to households and businesses. Nevertheless, the pandemic generates strong headwinds.
Author | : Claire Harasty |
Publisher | : International Labour Organization |
Total Pages | : 128 |
Release | : 2003 |
Genre | : Law |
ISBN | : 9221133605 |
Incorporating the most recent data available for 2002, this report analyses current labour market trends and examines the impact of the global economic downturn and post 11 September developments upon different world regions. Covering Latin America and the Caribbean, East Asia, South East Asia, the Middle East and North Africa and sub-Saharan Africa, the transition economies and industrial countries, it focuses on the distinct labour market characteristics and challenges faced by each region and economic group. It also traces factors contributing to the global employment decline, such as the increase in informal sector employment, the decrease in employment in information and communication technology, as well as extensive jobs losses in the travel and tourism industries and the export and labour-intensive manufacturing sectors.
Author | : Tompson William |
Publisher | : OECD Publishing |
Total Pages | : 501 |
Release | : 2009-08-24 |
Genre | : |
ISBN | : 9264073116 |
By looking at 20 reform efforts in ten OECD countries, this report examines why some reforms are implemented and other languish.
Author | : OECD |
Publisher | : Org. for Economic Cooperation & Development |
Total Pages | : 0 |
Release | : 2018 |
Genre | : Age and employment |
ISBN | : 9789264201859 |
Currently, Japan has the highest old-age dependency ratio of all OECD countries, with a ratio in 2017 of over 50 persons aged 65 and above for every 100 persons aged 20 to 64. This ratio is projected to rise to 79 per hundred in 2050. The rapid population ageing in Japan is a major challenge for achieving further increases in living standards and ensuring the financial sustainability of public social expenditure. However, with the right policies in place, there is an opportunity to cope with this challenge by extending working lives and making better use of older workers' knowledge and skills. This report investigates policy issues and discusses actions to retain and incentivise the elderly to work more by further reforming retirement policies and seniority-wages, investing in skills to improve productivity and keeping up with labour market changes through training policy, and ensuring good working conditions for better health with tackling long-hours working culture.
Author | : Christian Bodewig |
Publisher | : World Bank Publications |
Total Pages | : 193 |
Release | : 2014-07-02 |
Genre | : Business & Economics |
ISBN | : 1464802319 |
The demand for workforce skills is changing in Vietnam’s dynamic economy. In addition to job-specific skills, Vietnamese employers value cognitive skills, like problem solving, and behavioral skills, like team work. This book presents an agenda of change for Vietnam’s education system to prepare workers to succeed in Vietnam’s modernizing economy.
Author | : Ju-Ho Lee |
Publisher | : Edward Elgar Publishing |
Total Pages | : 431 |
Release | : |
Genre | : Economic development |
ISBN | : 1786436973 |
During recent decades, Korea has been one of only a handful of countries that have made the successful transformation to become a developed nation by simultaneously achieving persistent economic growth combined with a democratic political system. Experts and political leaders worldwide have attributed this achievement to investments in people or, in other words, the power of education. Whilst numerous books have highlighted the role of industrial policies, technological growth, and international trade in Korea’s development process, this is one of the first to focus on the role of human capital. It shows how the accumulation of human capital aided transformation and helps explain the policies, strategies and challenges that Korea faces now and in the future.
Author | : Robert P. Beschel |
Publisher | : Directions in Development |
Total Pages | : 0 |
Release | : 2016 |
Genre | : Business & Economics |
ISBN | : 9781464808814 |
This volume--a collaborative work between the World Bank's Global Governance Practice and a team of researchers working with the Korean Development Institute--is dedicated to the proposition that there is much that can be learned from a careful and nuanced assessment of Korea's experience with e-governance. It seeks to draw lessons both from the large reservoir of experience as to what has worked, as well as the more limited and isolated examples of what has not. In particular, it seeks to achieve two objectives. The first is to accurately understand, capture and distill the key dimensions of Korea's e-governance experience so that it can be properly understood and appreciated. Towards this end, some of the world's leading experts on Korea's e-governance experience have been engaged in its preparation, and their conclusions have been carefully vetted and reviewed by other leading scholars of the role of IT systems within government. The goal is to avoid flip generalizations or characterizations, such as 'political will is important' or 'it is important to embed e-governance within a broader strategy to develop a domestic IT industry, ' but to truly understand the complex interplay between differing political, economic and bureaucratic interests and how they shaped decisions about developing the technological and human infrastructure that would support Korea's successful thrust to be the world's leading nation in this area. The second is to ponder the lessons learned and what did and did not work from Korea's experience for other developing countries seeking to strengthen the role of information technology within their public sectors.