The Korean Labour Market after the 1997 Economic Crisis

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Author :
Publisher : Routledge
ISBN 13 : 1136466215
Total Pages : 260 pages
Book Rating : 4.1/5 (364 download)

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Book Synopsis The Korean Labour Market after the 1997 Economic Crisis by : Joonmo Cho

Download or read book The Korean Labour Market after the 1997 Economic Crisis written by Joonmo Cho and published by Routledge. This book was released on 2013-06-19 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: For economists, policy-makers, and historians who want to learn how the Korean labor market dealt with the 1997 financial crisis and how this informed future policies, this volume provides a succinct summary of what Korean experts know and how they view the problems the country must overcome to continue on its road to the top rungs of economic success. The book is filled with institutional detail and statistics to enlighten scholars and with critiques of policy and potential solutions from labor specialists. It provides a guide to the data on Korean workers and firms that can inform future research work.

The Korean Financial Crisis of 1997

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 480 pages
Book Rating : 4.:/5 (1 download)

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Book Synopsis The Korean Financial Crisis of 1997 by : Kyu-sŏng Yi

Download or read book The Korean Financial Crisis of 1997 written by Kyu-sŏng Yi and published by World Bank Publications. This book was released on 2011 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book chronicles how Korea dealt with and overcame the crisis over time. The book is organized into eleven chapters. Chapter one outlines the troubling financial market conditions at home and abroad before the crisis. Chapter two then delves into the origin of the crisis and offers analyses on the shortcomings of the Korean economy and the instability of the international financial system. In chapter three, policy measures the government executed in the wake of the onset of the crisis are described and analyzed. Chapter four probes the steps taken to reduce the risk of sovereign insolvency in the face of the cool market reaction to the initial package of crisis response measures announced by the International Monetary Fund in December 1997. Chapter five describes the background within which the government established the institutional framework necessary for corporate, financial, and labor market restructuring between December 1997 and April 1998. The government efforts to secure additional foreign currency liquidity through the markets and to devise initiatives to counter the massive unemployment are discussed in detail. In chapter six, the situation during May and June 1998 is explored with a focus on the closure of nonviable corporate and financial companies and the efforts to drive down interest rates and revive credit flows. This is followed, in chapter seven, by an analysis of the first phase of financial sector restructuring, which started in the third quarter of 1998, and the measures adopted to shore up potential growth and cope with the pressing problem of unemployment. Chapters eight and nine deal separately with the restructuring of the top five chaebols (the large family-controlled and family-run groups that dominate business in Korea), the economic stimulus packages applied during the fourth quarter of 1998, the efforts to restore financial market stability and economic growth, and the initial phase of foreign exchange liberalization measures, which were implemented during the first half of 1999. Chapter ten then discusses the situation during the second half of 1999, with a particular focus on the collapse of the Daewoo business group, including the steps taken to contain the resulting fallout, as well as measures aimed at expanding the economic recovery. Chapter eleven, the final chapter, offers a diagnosis of the Korean economy, along with an analysis of the policy implications and the responses for the future.

The Political Economy of the Small Welfare State in South Korea

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Author :
Publisher : Cambridge University Press
ISBN 13 : 1108248438
Total Pages : 269 pages
Book Rating : 4.1/5 (82 download)

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Book Synopsis The Political Economy of the Small Welfare State in South Korea by : Jae-jin Yang

Download or read book The Political Economy of the Small Welfare State in South Korea written by Jae-jin Yang and published by Cambridge University Press. This book was released on 2017-09-28 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains why the Korean welfare state is underdeveloped despite successful industrialization, democratization, a militant labor movement, and a centralized meritocracy. Unlike most social science books on Korea, which tend to focus on its developmental state and rapid economic development, this book deals with social welfare issues and politics during the critical junctures in Korea's history: industrialization in the 1960–70s, the democratization and labor movement in the mid-1980s, globalization and the financial crisis in the 1990s, and the wind of free welfare in the 2010s. It highlights the self-interested activities of Korea's enterprise unionism at variance with those of a more solidaristic industrial unionism in the European welfare states. Korean big business, the chaebol, accommodated the unions' call for higher wages and more corporate welfare, which removed practical incentives for unions to demand social welfare. Korea's single-member-district electoral rules also induce politicians to sell geographically targeted, narrow benefits rather than public welfare for all while presidents are significantly constrained by unpopular tax increase issues. Strong economic bureaucrats acting as veto player also lead Korea to a small welfare state.

Financial Crisis and Transformation of Korean Business Groups

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Publisher : Cambridge University Press
ISBN 13 : 1139440071
Total Pages : 380 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Financial Crisis and Transformation of Korean Business Groups by : Sea-Jin Chang

Download or read book Financial Crisis and Transformation of Korean Business Groups written by Sea-Jin Chang and published by Cambridge University Press. This book was released on 2003-04-28 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sea-Jin Chang argues that the Korean financial crisis of 1997 was due to the inertia of both the business groups known as chaebols and the Korean government which prevented adaptation to changing external environments. Once the Korean government stopped central economic planning and pursued economic liberalization in the 1980s, the transition created a void under which neither the government nor markets could monitor chaebols' investment activities. The intricate web of cross-shareholding, debt guarantees, and vertical integration resulted in extensive cross-subsidization and kept chaebols from shedding unprofitable businesses. The government's continued interventions in banks' lending practices created 'moral hazards' for both chaebols and banks. This treatment demonstrates how the structure of chaebols later inhibited other adaptations and for all practical purposes became nearly dysfunctional. The book argues that restructuring of chaebols should focus on improving corporate governance systems. After such restructuring, the author predicts, chaebols will re-emerge as stronger, more focused global players.

The Asian Financial Crisis

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Author :
Publisher : Peterson Institute
ISBN 13 : 9780881322613
Total Pages : 236 pages
Book Rating : 4.3/5 (226 download)

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Book Synopsis The Asian Financial Crisis by : Morris Goldstein

Download or read book The Asian Financial Crisis written by Morris Goldstein and published by Peterson Institute. This book was released on 1998 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: The turmoil that has rocked Asian markets since the middle of 1997, and that is now having such deep effects on the economies in the region, is the third major currency crisis of the 1990s. This study explains how the Asian crisis arose and spread. It then outlines the corrective policy measures that could help end the crisis, and the shortcomings that have been revealed in the international financial system that require reform to reduce the chances of a recurrence.

Global Employment Trends

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Publisher : International Labour Organization
ISBN 13 : 9221133605
Total Pages : 128 pages
Book Rating : 4.2/5 (211 download)

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Book Synopsis Global Employment Trends by : Claire Harasty

Download or read book Global Employment Trends written by Claire Harasty and published by International Labour Organization. This book was released on 2003 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Korea as a Knowledge Economy

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Author :
Publisher : World Bank Publications
ISBN 13 : 0821372025
Total Pages : 204 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Korea as a Knowledge Economy by : Chung-hae S?

Download or read book Korea as a Knowledge Economy written by Chung-hae S? and published by World Bank Publications. This book was released on 2007 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Korea's development process offers valuable lessons for other developing and less developed economies. In particular, the way Korea uses outside technologies, by accumulating indigenous capabilities, is still valid in the era of the knowledge economy. This volume examines the Korean model and Korea's march toward a knowledge economy from a poverty-ridden economy before the launch of full-scale industrialization in the early 1960s. It also emphasizes Korea's achievements, as well as remaining tasks within the four pillars of the knowledge economy, with a common theme throughout -- how Korea has narrowed the gaps in its knowledge and institutions in global competition with world leaders.

Financial Liberalization and the Asian Crisis

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Author :
Publisher : Springer
ISBN 13 : 0230518621
Total Pages : 307 pages
Book Rating : 4.2/5 (35 download)

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Book Synopsis Financial Liberalization and the Asian Crisis by : H. Chang

Download or read book Financial Liberalization and the Asian Crisis written by H. Chang and published by Springer. This book was released on 2001-06-11 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial crisis that hit a number of 'miracle' economies of Asia in 1997 shocked the world. Financial Liberalization and the Asian Crisis rejects conventional explanations of the crisis as the outcome primarily of inefficient and corrupt economics systems in the countries concerned. It argues that the crisis was the result of premature and overly rapid financial liberalization in a world of increasing financial liquidity and volatility, and calls for a more cautious approach to financial liberalization, and a reform of the international financial architecture.

The Political Economy of the Asian Financial Crisis

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Author :
Publisher : Peterson Institute
ISBN 13 : 9780881322835
Total Pages : 310 pages
Book Rating : 4.3/5 (228 download)

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Book Synopsis The Political Economy of the Asian Financial Crisis by : Stephan Haggard

Download or read book The Political Economy of the Asian Financial Crisis written by Stephan Haggard and published by Peterson Institute. This book was released on 2000 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study not only examines the countries most severely affected by the Asian financial crisis, but also draws lessons from those whose economies escaped the worst problems. The author focuses on the political economy of the crisis, emphasizing long-standing problems and crisis management tactics.

Financial Sector Crisis and Restructuring

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Author :
Publisher :
ISBN 13 : 9781557758712
Total Pages : 103 pages
Book Rating : 4.7/5 (587 download)

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Book Synopsis Financial Sector Crisis and Restructuring by : Carl-Johan Lindgren

Download or read book Financial Sector Crisis and Restructuring written by Carl-Johan Lindgren and published by . This book was released on 1999 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt: An IMF paper reviewing the policy responses of Indonesia, Korea and Thailand to the 1997 Asian crisis, comparing the actions of these three countries with those of Malaysia and the Philippines. Although all judgements are still tentative, important lessons can be learned from the experiences of the last two years.

The Cambridge Handbook of Labor and Democracy

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Author :
Publisher : Cambridge University Press
ISBN 13 : 1108879632
Total Pages : 385 pages
Book Rating : 4.1/5 (88 download)

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Book Synopsis The Cambridge Handbook of Labor and Democracy by : Angela B. Cornell

Download or read book The Cambridge Handbook of Labor and Democracy written by Angela B. Cornell and published by Cambridge University Press. This book was released on 2022-01-20 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: We are currently witnessing some of the greatest challenges to democratic regimes since the 1930s, with democratic institutions losing ground in numerous countries throughout the world. At the same time organized labor has been under assault worldwide, with steep declines in union density rates. In this timely handbook, scholars in law, political science, history, and sociology explore the role of organized labor and the working class in the historical construction of democracy. They analyze recent patterns of democratic erosion, examining its relationship to the political weakening of organized labor and, in several cases, the political alliances forged by workers in contexts of nationalist or populist political mobilization. The volume breaks new ground in providing cross-regional perspectives on labor and democracy in the United States, Europe, Latin America, Africa, and Asia. Beyond academia, this volume is essential reading for policymakers and practitioners concerned with the relationship between labor and democracy.

OECD Employment Outlook 2015

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Author :
Publisher : OECD Publishing
ISBN 13 : 9264239537
Total Pages : 296 pages
Book Rating : 4.2/5 (642 download)

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Book Synopsis OECD Employment Outlook 2015 by : OECD

Download or read book OECD Employment Outlook 2015 written by OECD and published by OECD Publishing. This book was released on 2015-07-09 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: The OECD Employment Outlook 2015 reviews recent labour market trends and short-term prospects in OECD countries, looking at: recent labour market developments, especially around minimum wages; skills and wage inequality; activation policies and inclusive labour markets; and job quality.

The Asian Currency Crisis

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Author :
Publisher :
ISBN 13 :
Total Pages : 70 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Asian Currency Crisis by : Abdur R. Chowdhury

Download or read book The Asian Currency Crisis written by Abdur R. Chowdhury and published by . This book was released on 1999 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: What started in the summer of 1997 as a regional economic and financial crisis in East and Southeast Asia had developed into a global financial crisis within the span of a year. This crisis followed the crisis in the European Monetary System in 1992-3 and the Mexican peso crisis in 1994-5. However, unlike the previous two crises, the scale and depth of the Asian crisis surprised everyone. One obvious reason for this is East and Southeast Asia'strack record of economic success. Since the 1960s, no other group of countries in the world has produced more rapid economic growth or such a dramatic reduction in poverty. Given so many years of sustained economic performance the obvious question is: how could events in Asia unfold as they did?

The Korean Labour Market after the 1997 Economic Crisis

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Author :
Publisher : Routledge
ISBN 13 : 1136466223
Total Pages : 385 pages
Book Rating : 4.1/5 (364 download)

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Book Synopsis The Korean Labour Market after the 1997 Economic Crisis by : Joonmo Cho

Download or read book The Korean Labour Market after the 1997 Economic Crisis written by Joonmo Cho and published by Routledge. This book was released on 2013-06-19 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: For economists, policy-makers, and historians who want to learn how the Korean labor market dealt with the 1997 financial crisis and how this informed future policies, this volume provides a succinct summary of what Korean experts know and how they view the problems the country must overcome to continue on its road to the top rungs of economic success. The book is filled with institutional detail and statistics to enlighten scholars and with critiques of policy and potential solutions from labor specialists. It provides a guide to the data on Korean workers and firms that can inform future research work.

Workforce Development in the Republic of Korea

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Author :
Publisher :
ISBN 13 :
Total Pages : 146 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Workforce Development in the Republic of Korea by : Young-Hyun Lee

Download or read book Workforce Development in the Republic of Korea written by Young-Hyun Lee and published by . This book was released on 2007 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Emerging Knowledge Economies in Asia

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Author :
Publisher : Routledge
ISBN 13 : 113462428X
Total Pages : 215 pages
Book Rating : 4.1/5 (346 download)

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Book Synopsis Emerging Knowledge Economies in Asia by : Dessy Irawati

Download or read book Emerging Knowledge Economies in Asia written by Dessy Irawati and published by Routledge. This book was released on 2013-10-08 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book aims to identify key issues and developments in ASEAN-5 that illustrate the transition of this region towards a knowledge-based economy. The book contributes to understanding the opportunities and challenges faced by emerging economies. It explains the transition process from a knowledge based perspective, showing how knowledge creation and innovation contribute to the competitiveness of companies and sectors in this region. The book takes a distinctly ASEAN perspective by discussing examples of the transition process from all ASEAN 5 nations that show how this region is attempting to link up to the global knowledge economy of the 21st Century. To achieve these aims the book is divided into three parts, preceded by an introductory chapter explaining the logic, objectives and contributions of the book. Part I discusses ASEAN-5 as an emerging hub in the global economy. Part II discusses the global links of the ASEAN region. Part III highlights innovation support in the ASEAN region. Each part identifies key developments and discusses relevant challenges and opportunities regarding the economic transition process based on examples for the various ASEAN-5 nations. The book contributes to the literature on emerging economies by explaining their challenges and opportunities of the catching-up process from a knowledge-based perspective. It is definitely a must-read.

Pushing Ahead with Reform in Korea Labour Market and Social Safety-net Policies

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Author :
Publisher : OECD Publishing
ISBN 13 : 926418192X
Total Pages : 178 pages
Book Rating : 4.2/5 (641 download)

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Book Synopsis Pushing Ahead with Reform in Korea Labour Market and Social Safety-net Policies by : OECD

Download or read book Pushing Ahead with Reform in Korea Labour Market and Social Safety-net Policies written by OECD and published by OECD Publishing. This book was released on 2000-06-26 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.