Die stärkste Dynamik in der Weltwirtschaft entfaltet derzeit die asiatisch-pazifische Region. Besonders kräftig wachsen dort die vier Schwellenländer Südkorea, Taiwan, Hongkong und Singapur, die im folgenden als asiatische NICs (für Newly Industrializing Countries) bezeichnet werden. Sie...

Korea is known not only for rapid economic growth but also relatively low wage inequality. It is one of the few countries in which wage inequality decreased during the 1980s, though in recent years wage inequality has increased. This paper studies what factors contributed to the changes in wage...

We examine the relationship between the directly observable indicator of new technology, ICT investment ratio, and skill upgrading by analysing changes in employment and wage structure of 25 Korean industrial sectors over the 1993-99 period. The results show that there has been little...

This paper begins with a short review and discussion of the literature on policy complementarities and its implications in terms of (sustainable) growth strategies and the possible emergence of a new policymaking paradigm. Thereafter, it analyses the effect on growth of complementarities in...

The Republic of Korea has recently experienced: (i) large capital inflows, in particular a surge in portfolio inflows, and (ii) an appreciation of asset prices, including stock prices, land prices, and nominal and real exchange rates. We first document the recent trend in capital inflows and...

Labour provisions in trade agreements have been criticised for minimal effectiveness in improving employment conditions. Five recent cases point to some benefits and to the lessons on when and how labour provisions can be effective. They make a difference in particular economic and political...

The strong recovery of the five crisis-affected countries of East Asia between 1999 and 2000 has revived the debate on the causes of the 1997 financial crisis. Initially there had been an emerging consensus that the crisis had originated from the capital account. However, some analysts see the...

While Korea's compressed development has enriched and bolstered the economy, the social system still leaves much to be desired. The reason for this shortcoming lies within a short history of capitalism and growth-oriented policies that sacrifice distribution. The end of Korea's accelerated...

This paper explores the impact that advances in Information and Communication Technology (ICT) have on the behaviour of transport users and their mode choice habits in Seoul. It discusses the stated preference survey conducted in Seoul and the analysis carried out using the discrete choice...