South Korea Shuns Moms at Peril as Workforce Shrinks

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South Korea Shuns Moms at Peril as Workforce Shrinks

whowireduniedit

2012.07.03 (15:49:34)

Street in the Gangnam district of Seoul.jpg

South Korea’s working-age population will begin to contract by 2016, curbing growth by as much as 1.7 percentage points to 2.5 percent by 2050, Royal Bank of Scotland Group Plc said in a June 13 report.

Getting mothers back into the workforce would help offset the declines, RBS said. If South Korea could reach the same level as the U.K. in employing women, potential growth and GDP per capita growth could be boosted by 0.3 percentage points by 2050, the bank said. In a May report the OECD asked whether women were the key to furthering the country’s economic “miracle.” (Read More)

Via Bloomberg/BusinessWeek

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