Human Capital and Development: Lessons and Insights from Korea's Transformation (KDI Series in Economic Policy and Development) - Hardcover

Ju-Ho Lee; Hyeok Jeong; Song Chang Hong

Hardcover

ISBN 10: 1786436965 ISBN 13: 9781786436962

Publisher: Edward Elgar Pub, 2018

Synopsis

Over the last 70 years, Korea has experienced a rapid and remarkable transformation from a devastatingly poor nation to one of the world's leading advanced economies, achieving both sustained economic growth and a successful democracy. This pioneering work focuses on the key role of sustained investment in human capital behind Korea's phenomenal success.

Human Capital and Development analyzes the importance of balancing diverse aspects of the educational system at different stages of development. The need to balance general and vocational education, top-down and bottom-up reform, as well as qualitative and quantitative expansion are highlighted. Adapting Korea's development experience to general principles shows that rather than seeking universal strategies and rules, the key to successful transformation is the provision of educational systems that can evolve over time depending on socio-economic and technological conditions for both developing and advanced countries.

For researchers and students of economic development, education, and Asian development, this book is an excellent tool to discover possible ways for developing countries to initiate and accelerate their paths of economic growth and development. This book also provides a useful reference for policy makers of advanced as well as developing countries in designing their education systems and policies.

About this title

About the Author:

Ju-Ho Lee, Professor, KDI School of Public Policy and Management, Hyeok Jeong, Professor, Graduate School of International Studies and Seoul National University and Song Chang Hong, Director, Division of Planning and Evaluation, Center for International Development, Korea Development Institute

Review:

I want to congratulate Dr. Ju-Ho Lee and his colleagues Professor Hyeok Jeong and Dr. Song Chang Hong on this remarkable book. At a time when the global community seeks to rise to - and meet - the Sustainable Development Goal promise, a book such as this is certain to hasten our efforts and inspire further action. The message this text carries, that when leaders invest in the creation of knowledge through universal education and skills development innovation and economic growth will follow, cannot be ignored. Korea is a fitting example of, and testament to, this truth.'
--From the Foreword by Rt. Hon. Gordon Brown, United Nations Special Envoy for Global Education and former Prime Minister of the United Kingdom

About this edition

• Publisher: Edward Elgar Pub
• Publication date: 2018
• ISBN 10: 1786436965
• ISBN 13: 9781786436962
• Binding: Hardcover
• Number of pages: 336