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

Heeseon Choi () and Min Woong Ji ()
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Heeseon Choi: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr
Min Woong Ji: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr

No 13/2, Occasional Papers from 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.

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 (search for similar items in EconPapers)
JEL-codes: H52 I25 I28 J23 J24 (search for similar items in EconPapers)
Pages: 66 pages
Date: 2013-08-30
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Persistent link: https://EconPapers.repec.org/RePEc:ris:kietop:2013_002

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