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TVE-Led Economic Development in Korea and its Implications for Developing Countries

Author

Listed:
  • Choi, Heeseon

    (Korea Institute for Industrial Economics and Trade)

  • Ji, Min Woong

    (Korea Institute for Industrial Economics and Trade)

Abstract

This paper aims to analyze the sequential evolution and success stories of Korean TVE (Technical and Vocational Education) policy in order to draw implications for developing Asian countries. We characterize the Korean economic development as an educationled or TVE-led model. In particular, we focus on the sequential evolution of Korean TVE policy during the compressed economic development period as a developmental model of the Korean economy. The Korean TVE system has been constantly adapting and transforming itself to meet the changing demands of the workforce during the industrialization process. Korea’s TVE policy initially evolved in response to successive stages of industrial development, and education and training policies during the past half-century have been designed to meet changing demands in the labor force (industrial development → expansion of education and training). This paper also analyzes some case studies of relevant institutions that are related to TVE and the university-industry cooperative educational network. It concludes with policy suggestions for Asian developing countries based on analyzing the TVE policy trends and successful model institutions.

Suggested Citation

  • Choi, Heeseon & Ji, Min Woong, 2013. "TVE-Led Economic Development in Korea and its Implications for Developing Countries," Occasional Papers 13/2, Korea Institute for Industrial Economics and Trade.
  • Handle: RePEc:ris:kietop:2013_002
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    More about this item

    Keywords

    technical education; vocational education; education policy; TVE policy; human capital development; human capital policy; industrialization policy; industrial development; economic development; development policy; training policy; on-the-job training; developing countries; Korea;
    All these keywords.

    JEL classification:

    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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