Growth in the Service Sector and Its Policy Implication (Written in Korean)

Growth in the Service Sector and Its Policy Implication (Written in Korean)

Korean economy has experienced rapid expansion of the service sector at the expense of the manufacturing sector since 1988, which was caused by the wage increase and the appreciation of Won. The government worried about the deindustrialization and the erosion of the international competitiveness, an...

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Bibliographic Details
Main Author: 김, 지홍
Format: Article
Language:English
Published: Korea Development Institute 1992-10-01
Series:KDI Journal of Economic Policy
Online Access:https://doi.org/10.23895/kdijep.1992.14.3.73
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spelling doaj-48793571da7548ae8c3f17b5b457eb3e2020-11-25T01:13:33ZengKorea Development InstituteKDI Journal of Economic Policy2586-29952586-41301992-10-01143739610.23895/kdijep.1992.14.3.73Growth in the Service Sector and Its Policy Implication (Written in Korean)김, 지홍Korean economy has experienced rapid expansion of the service sector at the expense of the manufacturing sector since 1988, which was caused by the wage increase and the appreciation of Won. The government worried about the deindustrialization and the erosion of the international competitiveness, and various measures were taken to enduce labor force into the manufacturing sector. However, this article argues that the expansion of the service sector is inevitable phenomenon in the process of economic development, and the balanced industrial policies are desirable. In addition, the Uruguay Round Service Negotiations require liberalization of the service market and internationalization of the service industries.https://doi.org/10.23895/kdijep.1992.14.3.73
collection DOAJ
language English
format Article
sources DOAJ
author 김, 지홍
spellingShingle 김, 지홍
Growth in the Service Sector and Its Policy Implication (Written in Korean)
KDI Journal of Economic Policy
author_facet 김, 지홍
author_sort 김, 지홍
title Growth in the Service Sector and Its Policy Implication (Written in Korean)
title_short Growth in the Service Sector and Its Policy Implication (Written in Korean)
title_full Growth in the Service Sector and Its Policy Implication (Written in Korean)
title_fullStr Growth in the Service Sector and Its Policy Implication (Written in Korean)
title_full_unstemmed Growth in the Service Sector and Its Policy Implication (Written in Korean)
title_sort growth in the service sector and its policy implication (written in korean)
publisher Korea Development Institute
series KDI Journal of Economic Policy
issn 2586-2995
2586-4130
publishDate 1992-10-01
description Korean economy has experienced rapid expansion of the service sector at the expense of the manufacturing sector since 1988, which was caused by the wage increase and the appreciation of Won. The government worried about the deindustrialization and the erosion of the international competitiveness, and various measures were taken to enduce labor force into the manufacturing sector. However, this article argues that the expansion of the service sector is inevitable phenomenon in the process of economic development, and the balanced industrial policies are desirable. In addition, the Uruguay Round Service Negotiations require liberalization of the service market and internationalization of the service industries.
url https://doi.org/10.23895/kdijep.1992.14.3.73
work_keys_str_mv AT gimjihong growthintheservicesectoranditspolicyimplicationwritteninkorean
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