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Author: Dipak Mazumdar
Publisher: World Bank Publications
Published: 1990
Total Pages: 59
ISBN-13:
DOWNLOAD EBOOKKorea's ability to keep the economy from going off the rails has been as remarkable as its achievement of high long- run growth rates. The key to the success of Korea's labor policy - state guidelines limited the wage increases under structural adjustment - was the high rate of total factor productivity growth.
Author: Dipak Mazumdar
Publisher: World Bank Publications
Published: 1991
Total Pages: 76
ISBN-13:
DOWNLOAD EBOOKIn a generally healthy economy, Malaysia's labor market suffers some structural problems: steep wage-seniority scales, unemployment among secondary-school leavers, and an almost bizarre constancy in the relative differences in earnings (and even wider differences in per capita income) between states - which suggests a serious problem in the sharing of fruits of economic growth through internal migration of the factors of production.
Author: Richard B. Freeman
Publisher: University of Chicago Press
Published: 2007-12-01
Total Pages: 474
ISBN-13: 0226261840
DOWNLOAD EBOOKDuring the past two decades, wages of skilled workers in the United States rose while those of unskilled workers fell; less-educated young men in particular have suffered unprecedented losses in real earnings. These twelve original essays explore whether this trend is unique to the United States or is part of a general growth in inequality in advanced countries. Focusing on labor market institutions and the supply and demand forces that affect wages, the papers compare patterns of earnings inequality and pay differentials in the United States, Australia, Korea, Japan, Western Europe, and the changing economies of Eastern Europe. Cross-country studies examine issues such as managerial compensation, gender differences in earnings, and the relationship of pay to regional unemployment. From this rich store of data, the contributors attribute changes in relative wages and unemployment among countries both to differences in labor market institutions and training and education systems, and to long-term shifts in supply and demand for skilled workers. These shifts are driven in part by skill-biased technological change and the growing internationalization of advanced industrial economies.
Author: Mr.JaeBin Ahn
Publisher: International Monetary Fund
Published: 2016-09-06
Total Pages: 32
ISBN-13: 1475533098
DOWNLOAD EBOOKUsing the Korean manufacturing firm-level data, this paper confirms that three stylized facts on importing hold in Korea: the ratio of imported inputs in total inputs tends to be procyclical; the use of imported inputs increases productivity; and larger firms are more likely to use imported inputs. As a result, we find that firm-level import decisions explain a non-trivial fraction of aggregate productivity fluctuations in Korea over the period between 2006 and 2012. Main findings of this paper suggest a possible link between the recent global productivity slowdown and the global trade slowdown.
Author: Yangkyoon Byeon
Publisher: International Monetary Fund
Published: 2017-11-20
Total Pages: 41
ISBN-13: 1484329937
DOWNLOAD EBOOKKorea 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: Alexander J. Yeats
Publisher: World Bank Publications
Published: 1991
Total Pages: 35
ISBN-13:
DOWNLOAD EBOOKBecause of the relative shift from primary commodity exports to more processed commodities between the 1960s and the 1980s, most developing countries have experienced less instability in export earnings for agricultural materials, ores, and metals - and more favorable long-term price trends.
Author: Beatrice Buyck
Publisher: World Bank Publications
Published: 1991
Total Pages: 114
ISBN-13:
DOWNLOAD EBOOKWhenever the Bank identifies shortcomings in institutional capability, technical assistance is automatically assumed to be the appropriate response. But technical assistance has, and will continue to have limitations - and there are alternatives.
Author: Edward James Kane
Publisher: World Bank Publications
Published: 1990
Total Pages: 41
ISBN-13:
DOWNLOAD EBOOKAuthor: P. Thandika Mkandawire
Publisher: IDRC
Published: 2014-05-14
Total Pages: 192
ISBN-13: 155250204X
DOWNLOAD EBOOKOur Continent, Our Future presents the emerging African perspective on this complex issue. The authors use as background their own extensive experience and a collection of 30 individual studies, 25 of which were from African economists, to summarize this African perspective and articulate a path for the future. They underscore the need to be sensitive to each country's unique history and current condition. They argue for a broader policy agenda and for a much more active role for the state within what is largely a market economy. Finally, they stress that Africa must, and can, compete in an increasingly globalized world and, perhaps most importantly, that Africans must assume the leading role in defining the continent's development agenda.
Author: Chang Kyung-Sup
Publisher: Springer
Published: 2019-05-07
Total Pages: 235
ISBN-13: 303014576X
DOWNLOAD EBOOKThis book characterizes South Korea’s pre-neoliberal regime of social governance as developmental liberalism and analyzes the turbulent processes and complex outcomes of its neoliberal degeneration since the mid-1990s. Instead of repeating the politically charged critical view on South Korea’s failure in socially inclusionary and sustainable development, the author closely examines the systemic interfaces of the economic, political, and social constituents of its developmental transformation. South Korea has turned and remained developmentally liberal, rather than liberally liberal (like the United States), in its economic and sociopolitical configuration of social security, labor protection, population, education, and so forth. Initially conceived in the late 1980s, ironically along its democratic restoration, and radically accelerated during the national financial crisis in the late 1990s, South Korea’s neoliberal transition has become incomparably volatile and destructive, due crucially to its various distortive effects on the country’s developmental liberal order.
