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[Economy Focus] How to increase the employment? - Sung Joo Park, Dean of KGSM2004-01-15Hit:12057

The depressed condition of both in domestic and foreign job market is weighing the competition among many job-seekers. Although it seems that the economic growth creates many employment opportunities, actual increase in employment is created when the rate of economic growth exceeds the increasing rate of productivity. Therefore, the employment can be decreased by the greatly improved productivity, even if the national economy grows. In order to make increase in employment, the government must deregulate daringly and resolve the labor-management dispute doing away with the corruption of politics, thus leading to the good environment for running an enterprise. A general plan suggested by the government is promoting the small and medium enterprises or ventures of technological innovation and fostering the service industry. The core solution for increasing employment is to fostering the service industry. Depressed service industry could be exported to other countries with the manpower of good quality and smart policies supported by the government. We need to hurry to foster the knowledge-based service industry of the global competitive advantage. Sung Joo Park, Dean of KAIST Graduate School of Management
Contact : Lee, Sohyun ( sohyun.c.lee@kaist.ac.kr )