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The Korean welfare state: a paradox of expansion in an era of globalisation and economic crisis
Author(s) -
Kwon Soonman,
Holliday Ian
Publication year - 2007
Publication title -
international journal of social welfare
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.664
H-Index - 47
eISSN - 1468-2397
pISSN - 1369-6866
DOI - 10.1111/j.1468-2397.2006.00457.x
Subject(s) - welfare state , economics , financial crisis , welfare , globalization , social policy , population ageing , development economics , toll , state (computer science) , population , economic system , economic policy , political science , market economy , sociology , macroeconomics , politics , algorithm , computer science , law , genetics , demography , biology
When the Asian financial crisis took a heavy toll on Korea in the late 1990s, policy makers responded by extending welfare policy. For many analysts, this was a paradoxical move, marking a fundamental reconfiguration of the social policy system. This article contests that interpretation. It examines the changes made to Korean social policy in recent years, and considers their impact on the Korean welfare state. It notes both that welfare extensions have been comparatively limited, and that they have often formed part of wider attempts to boost labour market flexibility. It thus concludes that limited expansion of the Korean welfare state is chiefly an attempt to bolster industrial competitiveness and economic growth. For now, Korea retains the productivist social policy orientation that has long characterised it. It also concedes, however, that in the future underlying social change, notably a rapidly ageing population, may prompt policy makers to make significant changes to the Korean welfare state.