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Changes in the economic and industrial structure and job creation strategies for Korea

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Frame of Image  decreased; in 2011, it was down to 1/3 of the
level in the early 1980s. The net employment increase over 1 percent-point growth between the late 1990s and early 2000s had reached about 7 0 , 0 0 0 t o 8 0 , 0 0 0 p e o p l e , b u t h a s r ecently dropped to fewer than 50,000 people. The employment-population rate of Korea was 63.9% in 2011, which was lower than those of the advanced countries such as Germany (72.6%), U. K (70.4%), and Japan (70.3%). Korea’s employment-population rate has shown a downward tendency since the early 2000s, contributing to the
Figure 1.
Trend of the Employment Coefficient
Source : The Bank of Korea (re-quotation: KIET (2012), industrial development and job creation, forthcoming) Note : Employment coefficient = number of employed person/real GDP (billion won)
* This paper is to summarize and supplement the contents of the paper of “Change of Economic and Industrial Structure and Strategy for Job Creation” presented at KIET International Seminar (2012.12.4).
Mar. / Apr.┃2013┃Vol 18┃No 2
5
Figure 2. Comparison of the Employment-population Rate across the Member Countries of OECD
Source : OECD (re-quotation: KIET (2012), industrial development and job creation, forthcoming)
enlargement of the income gap between economic agents. The employment-population rate with women and youth (15-29 years of age) is lower, implying a loss in labor resource of good quality. Economic growth plans or industrial development strategies with the traditional view of em


Full Text
Title Changes in the economic and industrial structure and job creation strategies for Korea
Similar Titles
Material Type Reports
Author(English)

Oh, Young-Seok

Publisher

[Seoul]:Korea Institute for Industrial Economics and Trade

Date 2013-03
Journal Title; Vol./Issue KIET Industrial Economic Review: Cover Story:vol. 18(no. 2)
Pages 11
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic System
Social Development < Employment
Holding KIET; KDI School