Republic of Korea : Workforce Development
The Republic of Korea vaulted in less than three generations from being one of the poorest countries in the world to becoming a member of the Organization for Economic Co-operation and Development (OECD). This economic transformation has attracted...
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2013/01/18104044/korea-workforce-development http://hdl.handle.net/10986/16277 |
| Summary: | The Republic of Korea vaulted in less
than three generations from being one of the poorest
countries in the world to becoming a member of the
Organization for Economic Co-operation and Development
(OECD). This economic transformation has attracted
considerable admiration and inquiry. One of the key factors
for Korea's success was the provision of skills to
support industrialization and economic diversification. This
report takes advantage of a new World Bank diagnostic tool
to examine the development of the Korean system for
Workforce Development (WfD) from 1970 to 2010. The findings
are intended to document good practices, lapses and key
breakthroughs and generate insights that can be used to
enrich dialogue on WfD policy in the World Bank's
partner countries. The tool is based on an analytical
framework that identifies three functional dimensions of WfD
policies and institutions: strategic framework, which refers
to the praxis of advocacy, partnership, and coordination in
relation to the objective of aligning WfD in critical areas
to priorities for national development; system oversight,
which refers to the arrangements governing funding, quality
assurance and learning pathways that shape the incentives
and information signals affecting the choices of
individuals, employers, training providers and other
stakeholders; and service delivery, which refers to the
diversity, organization and management of training
provision, both state and non-state, that deliver results on
the ground by enabling individuals to acquire market-and
job-relevant skills. These three dimensions constitute a
closed policy-making loop and, when taken together, allow
for analysis of the functioning of a WfD system as a whole.
This report focuses specifically on policies in the area of WfD. |
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