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The impact of trade and technology on the skill profile in Brazil and the Republic of Korea

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  • The impact of trade and technology on the skill profile in Brazil and the Republic of Korea
  • Galhardi, Regina M.A.A.
  • International Labour Office


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Title The impact of trade and technology on the skill profile in Brazil and the Republic of Korea
Similar Titles
Material Type Articles
Author(English)

Galhardi, Regina M.A.A.

Publisher

Geneva:International Labour Office

Date 1999
Series Title; No Employment and Training / 40
ISBN 92-2-111541-0
Subject Country Brazil(Americas)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Industry and Technology < General
Social Development < Employment
Holding International Labour Office

Abstract

The identification of the appropriate role for government is a crucial element in the formulation of economic policy for developing countries. During the 1940s and 1950s the balance of opinion rested firmly in favour of substantial intervention, but over the 1960s and 1970s the balance shifted in what Little describes as the "neoclassical resurgence". In the important debate between the proponents of free markets and the supporters of government intervention, South Korea has been a major battle ground. The neoclassical view, which is currently enjoying some prominence, is that the Korean economic miracle happened because government intervention was in some sense 'neutral' and so something approximating free markets was allowed to prevail. In this thesis, we argue that policy incentives in Korea were not 'self-neutralising' and were contributory to Korean economic growth and development. (The rest omitted)