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Neo-liberal reform and bipolarisation of income in Korea

Title
Neo-liberal reform and bipolarisation of income in Korea
Authors
Park J.Mah J.S.
Ewha Authors
마재신
SCOPUS Author ID
마재신scopus
Issue Date
2011
Journal Title
Journal of Contemporary Asia
ISSN
0047-2336JCR Link
Citation
Journal of Contemporary Asia vol. 41, no. 2, pp. 249 - 265
Indexed
SSCI; SCOPUS WOS scopus
Document Type
Article
Abstract
This paper explains the neo-liberal reform measures - foreign direct investment (FDI) policies, financialisation and labour market reform - of the Korean economy following the 1998 economic crisis. It investigates how they have influenced a process identified as the bipolarisation of Korea. Although the increase in FDI inflows has contributed to the economy by overcoming balance of payments difficulties, it has led to increased income inequality. As a result of labour market reforms that targeted labour market flexibility, the number of non-regular/nonstandard and part-time workers has increased significantly over the past decade. Labour market reform and financialisation aggravated the bipolarisation. © 2011 Journal of Contemporary Asia.
DOI
10.1080/00472336.2011.553044
Appears in Collections:
스크랜튼대학 > 국제학부 > Journal papers
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