Koreas Labor Markets Under Structural Adjustment

Download or read book Korea's Labor Markets Under Structural Adjustment written by Dipak Mazumdar and published by World Bank Publications. This book was released on 1990 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: Korea's ability to keep the economy from going off the rails has been as remarkable as its achievement of high long- run growth rates. The key to the success of Korea's labor policy - state guidelines limited the wage increases under structural adjustment - was the high rate of total factor productivity growth.