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Globalization, Labor Market Flexibility and the Korean Labor Reform
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- Authors
- Issue Date
- 1997-10
- Citation
- Seoul Journal of Economics, Vol.10 No.4, pp. 341-372
- 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.
- ISSN
- 1225-0279
- Language
- English
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