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The political economy of education and skills in South Korea: democratisation, liberalisation and education reform in comparative perspective

Fleckenstein, Timo and Lee, Soohyun Christine (2018) The political economy of education and skills in South Korea: democratisation, liberalisation and education reform in comparative perspective. Pacific Review. ISSN 0951-2748

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Identification Number: 10.1080/09512748.2018.1443155

Abstract

The success story of Korean economic development is intimately linked with the so-called developmental state; and education policy, as part of centrally orchestrated industrial policy, played a critical role in the country's rapid industrialisation, which allowed for high employment rates, relatively modest social inequality and remarkable social mobility. However, the Korean success story has started to show ‘cracks’ – with labour market dualisation, rising inequality and ‘over-education’. While acknowledging the importance of the East Asian financial crisis as external shock for the Korean political economy, we suggest more fundamental problems in the socio-economic and socio-political underpinnings of the developmental state and its education and skills formation system for understanding how Korea's economic and education miracle turned into ‘education inflation’, skills mismatch and social polarisation.

Item Type: Article
Official URL: https://www.tandfonline.com/toc/rpre20/current
Additional Information: © 2018 Informa UK Limited
Divisions: Social Policy
Subjects: H Social Sciences > HB Economic Theory
J Political Science > JC Political theory
L Education > LB Theory and practice of education
Sets: Departments > Social Policy
Date Deposited: 23 Apr 2018 11:04
Last Modified: 20 Feb 2019 06:45
Funders: British Academy, Korea Foundation
URI: http://eprints.lse.ac.uk/id/eprint/87607

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