S-Space College of Social Sciences (사회과학대학) Institute of Economics Research (경제연구소) Seoul Journal of Economics Seoul Journal of Economics vol.10(4) (Winter 1997)
Globalization, Labor Market Flexibility and the Korean Labor Reform
- You, JongIl
- Issue Date
- Seoul Journal of Economics, Vol.10 No.4, pp. 341-372
- 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.