Governance: An international journal of policy, administration and institutions

How labor market insiders are protected during reform

After the East Asian financial crisis of the late 1990s, both Japan and South Korea undertook labor market reforms to enable firms to adjust swiftly to changing business environments.  But labor market insiders were often shielded from tough reforms, with the result that the gap between insiders and outsiders widened substantially.  In the current issue of Governance, Jiyeoun Song of the University of Oklahoma explains the politics behind these reforms.  Institutional structures, and the political dynamics which they engender, mean that the costs of reform are borne disproportionately by labor market outsiders.  Read the article.

Written by governancejournal

July 8, 2012 at 8:54 am

Posted in Current issue


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