South Korea was praised yesterday as a model of a high-wage economy, supported by labour productivity - the result of persistent human-resource development.
The key to South Korea's success is a labour system based on close cooperation among three parties - employers, employees and the government, said Professor Jamnean Joungtrakul, a member of the National Economic and Social Advisory Council (Nesac), an organisation chartered to provide advice and suggestions to the Thai government.
Representatives from 16 countries attended a two-day international conference on balancing economic growth and social strengthening in Asia and the world. They exchanged views on how to make economies grow and how to provide adequate social welfare.
Jamnean said South Korea's tripartite system had greatly contributed to its fast recovery from the 1997 financial crisis.
Management, labour and government worked together to pull the country out of crisis. Employers and workers put the survival of their country before their own interests, he said on the closing day of the conference.
Thailand also has a tripartite system but it does not work very well, he said.
Okas Tepalakul, chairman of Nesac, said that while the Thai government wanted to increase minimum wages to Bt300 per day, many employers still opposed the policy.
Choi Jong-tae, chairman of the Economic and Social Development Commission of the Republic of Korea, told The Nation that the important thing for raising wages was labour productivity. And labour productivity is a result of human-resource development, which is one of South Korea's outstanding achievements.
"Without human-resource development, we cannot make a success out of social strength," he said.
Korea has long invested in human-resource development by combining people with technology.
"Humans have three spaces for technology. At hand is skills, head is knowledge and mind is attitude," he said.
As human beings accumulate technology, it has led to high economic growth.
Human development has been accomplished through education and training. Education and training are available not only at universities or vocational institutions but also at manufacturing plants.
Thais have the potential to accumulate technology. The challenge is how to cultivate and develop it into Thai culture, Choi said.
Social welfare implemented by some countries in Europe, such as Greece, is not suitable for South Korea, he said. In the European model, not only is welfare largely funded by public monies but social security is conceptually different.
The tripartite system in South Korea has promoted a cooperative society and contributed to social strengthening.
However, the country also faces many challenges. One is the widening income gap between those who work for large firms and those who work for small or medium-sized enterprises, as well as those who are non-regular workers. The evolution of the tripartite system also poses a challenge.
Globalisation and the advancement of information technology are also putting up a challenge to the labour market in South Korea. Looking forward, the country aims to transform itself into a creative society, Choi said.
South Korea was praised yesterday as a model of a high-wage economy, supported by labour productivity - the result of persistent human-resource development.The key to South Korea's success is a labour system based on close cooperation among three parties - employers, employees and the government, said Professor Jamnean Joungtrakul, a member of the National Economic and Social Advisory Council (Nesac), an organisation chartered to provide advice and suggestions to the Thai government.Representatives from 16 countries attended a two-day international conference on balancing economic growth and social strengthening in Asia and the world. They exchanged views on how to make economies grow and how to provide adequate social welfare. Jamnean said South Korea's tripartite system had greatly contributed to its fast recovery from the 1997 financial crisis. Management, labour and government worked together to pull the country out of crisis. Employers and workers put the survival of their country before their own interests, he said on the closing day of the conference. Thailand also has a tripartite system but it does not work very well, he said. Okas Tepalakul, chairman of Nesac, said that while the Thai government wanted to increase minimum wages to Bt300 per day, many employers still opposed the policy.Choi Jong-tae, chairman of the Economic and Social Development Commission of the Republic of Korea, told The Nation that the important thing for raising wages was labour productivity. And labour productivity is a result of human-resource development, which is one of South Korea's outstanding achievements. "Without human-resource development, we cannot make a success out of social strength," he said. Korea has long invested in human-resource development by combining people with technology."Humans have three spaces for technology. At hand is skills, head is knowledge and mind is attitude," he said. As human beings accumulate technology, it has led to high economic growth. Human development has been accomplished through education and training. Education and training are available not only at universities or vocational institutions but also at manufacturing plants. Thais have the potential to accumulate technology. The challenge is how to cultivate and develop it into Thai culture, Choi said. Social welfare implemented by some countries in Europe, such as Greece, is not suitable for South Korea, he said. In the European model, not only is welfare largely funded by public monies but social security is conceptually different. The tripartite system in South Korea has promoted a cooperative society and contributed to social strengthening. However, the country also faces many challenges. One is the widening income gap between those who work for large firms and those who work for small or medium-sized enterprises, as well as those who are non-regular workers. The evolution of the tripartite system also poses a challenge.
Globalisation and the advancement of information technology are also putting up a challenge to the labour market in South Korea. Looking forward, the country aims to transform itself into a creative society, Choi said.
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