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Globalization, labor market flexibility and the Korean labor reform

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  • Globalization, labor market flexibility and the Korean labor reform
  • You, JongIl
  • Seoul Journal of Economics


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Title Globalization, labor market flexibility and the Korean labor reform
Similar Titles
Material Type Reports
Author(English)

You, JongIl

Publisher

[Seoul]:Seoul Journal of Economics

Date 1997
Journal Title; Vol./Issue Seoul Journal of Economics:vol. 10(no. 4)
Pages 341-372
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Social Development < Employment
Holding Seoul National University

Abstract

This paper addresses the question of labor market flexibility in Korea. It starts out with a conceptual discussion on different notions of labor market flexibility, identifying market-driven flexibility and strategic behavior-driven flexibility as two basic alternatives. It is then argued that globalization tends to create pressures toward market-driven flexibility, with mixed and uncertain results. Finally, reviewing evidence on labor market flexibility and the saga of the recent law reform, this paper suggests a need to devise a systematic approach to move toward strategic behavior-driven flexibility.