PREFACE -- CONTENTS -- ACKNOWLEDGEMENTS -- LIST OF ABBREVIATIONS -- SUMMARY -- INTRODUCTION -- PART I TRENDS IN GLOBALIZATION AND SOCIAL PROGRESS -- A. THE GRADUAL AND UNEVEN PROCESS OF FOREIGN TRADE AND INVESTMENT LIBERALIZATION -- Trade and FDI regimes -- Table 1 Chronology of trade and FDI liberalization, 1970-95 -- Figure 1 Evolution of the average import tariff rate, 1970-97 -- Figure 2 Evolution of trade flows, 1970-97 -- Evolution of trade and FDI flows -- Figure 3 Share of exports in world trade, 1970-95 -- Table 2 Sectoral composition of trade, 1975, 1985 and 1995 -- Table 3 Exports by country of destination, 1980-97 -- Table 4 Imports by country of origin, 1980-97 -- Figure 4 Trends of FDI inflows and outflows, 1981-97 -- Table 5 Sectoral composition of FDI, 1962-97 -- Table 6 Distribution of FDI by country, 1962-97 -- B. AN OVERVIEW OF LABOUR MARKET TRENDS AND INCOME DISTRIBUTION -- Developments until the financial crisis -- Figure 5 Labour market trends, 1970-98 -- Figure 6 Wage inequalities, 1975-97 -- Education, a national priority -- Figure 7 Income distribution, 1970-96 -- Developments since the crisis -- Figure 8 International comparison of education indicators, 1995 -- C. INDUSTRIAL RELATIONS AND BASIC WORKERS' RIGHTS -- Notes -- PART I I ASSESSING THE SOCIAL IMPACT OF GLOBALIZATION -- A. POSITIVE DEVELOPMENTS IN ECONOMIC GROWTH AND INCOME DISTRIBUTION -- Evidence of the welfare gains from trade and FDI -- Globalization, education and wage inequalities -- Figure 9 Relative wages in tradable and non-tradable sectors, Korea: Studies on the social dimensions of globalization 1976 F -- Figure 10 Estimated impact of trade on employment by education level, 1990 -- Figure 11 Estimated impact of FDI on employment by education level, 1990 -- Figure 12 Employment content of FDI, 1995.

Table 7 Impact on wages of supply and demand changes, 1986-96 -- B. UNDERLYING IMBALANCES -- The management and corporate environment of the chaebol -- Figure 13 Foreign debt, 1980-97 (in US billions) -- Figure 14 Debt-equity ratio, 1980-97 -- Industrial relations -- Figure 15 Trends in productivity 1 and real wages, 1975-97 -- Figure 16 Union density in tradable and non-tradable sectors, 1992 and 1995 -- Figure 17 Evolution of international cost-competitiveness, 1975-96 -- Notes -- PART III POLICY ISSUES -- A. CREATING A WELL-FUNCTIONING SOCIAL SAFETY NET -- B. ESTABLISHING A TRAINING SYSTEM THAT REFLECTS LABOUR MARKET REQUIREMENTS -- C. REFORMING LABOUR LAW AND INDUSTRIAL RELATIONS FAIRLY AND EFFICIENTLY -- Labour law reform -- Industrial relations -- D. CORPORATE GOVERNANCE -- Notes -- CONCLUDING REMARKS -- ANNEX 1 ESTIMATING THE IMPACT ON WAGES OF SUPPLY AND DEMAND FACTORS -- Table A1 Estimation results -- Table A2 Estimation results (excluding inter-industry demand changes) -- Figure A1 Wage impact of changes in labour supply and demand -- ANNEX 2 A SELECTED REVIEW OF THE LITERATURE -- BIBLIOGRAPHY -- INDEX.