Grand Compromises Needed to Stem Unemployment Crisis

Park Jae-hyun
March 2009
Korea Focus;Spring2009, Vol. 17 Issue 1, p22
In this article the author discusses the move of the government to solve the increase of unemployment rate due to economic downturn in Korea. He comments that the move of the government to curtail 10% of the workforce to enhance the managerial efficiency of state-run corporation is wrong. He suggests that the government should strive to overthrow the prevailing prejudice for college diplomas in the society by elevating the competitive edge of vocational high schools and training institutions.


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