Korea At The Turning Point

Overview

Can Korea realize its dream of matching the economic performance of the G-7 nations in the next 15 years? The marshalling of capital, and dedicated, low-cost labor by authoritarian governments in the past created double-digit economic growth based on imported technology. How can Korea's young democracy, fledgling science, and liberalizing policies compete against a new level of global competition? Korea must build its research capability, accelerate the development of smaller, high-tech firms, and reduce ...

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Overview

Can Korea realize its dream of matching the economic performance of the G-7 nations in the next 15 years? The marshalling of capital, and dedicated, low-cost labor by authoritarian governments in the past created double-digit economic growth based on imported technology. How can Korea's young democracy, fledgling science, and liberalizing policies compete against a new level of global competition? Korea must build its research capability, accelerate the development of smaller, high-tech firms, and reduce bureaucratic conflict in support of an innovation-based strategy. This book puts Korea's technological challenge in its historical context, documents the reasons past strategies are no longer viable, and presents a blueprint for the next stage in Korean development. Korean economy is one of the most exciting and dynamic ones in the world. Korea finds itself in the position of being regarded as respected competition by nations and firms which earlier regarded it only as a source of low-cost, high-quality production. As the economy has slowed, the Korean government and private sector have faced the challenge of making a change in strategy in regard to its approach to technology, and how the economy is to be managed. This analysis of where Korea has been and how it will deal with technology and economic management is conducted by prominent Korean and American scholars.

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Editorial Reviews

Booknews
Drawn from international academic, economic, scientific, and technological communities, contributors to this volume present 15 essays, organized into five sections: current challenges; Korea's present resources for innovation; models for development, including Japan, Taiwan, Brazil, and small European countries; strategic positioning for Korea's future economy; and conclusions. Annotation c. by Book News, Inc., Portland, Or.
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Product Details

  • ISBN-13: 9780275951474
  • Publisher: ABC-CLIO, Incorporated
  • Publication date: 11/30/1996
  • Pages: 302
  • Product dimensions: 6.00 (w) x 9.00 (h) x 0.81 (d)

Meet the Author

LEWIS M. BRANSCOMB is Aetna Professor of Public Policy and Corporate Management, emeritus, and directed the Science, Technology, and Public Policy program at Harvard University.

YOUNG-HWAN CHOI is a former President of STEPI and previously served as Vice Minister for Science and Technology in the Republic of Korea.

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Table of Contents

Tables and Figures
Preface
1 A Framework for Discussing Korea's Techno-Economic Future 3
2 The Path to Modernization: 1962-1992 13
3 Korea's International Environment: Maintaining Competitive Advantage 29
4 The Innovation Triangle: Stimulating Innovation in Private and Public Enterprises 45
5 Shifting Strategies: From Cost-Advantage to Superior Value 91
6 Promoting the Culture of Science and Innovation 109
7 Innovation and the Role of Korea's Universities 125
8 The Importance and Needs of Public Laboratories 141
9 Japan: Model, Mentor and Competitor 161
10 Taiwan: Innovation in Small and Medium Enterprises 175
11 Contrasting Models: Brazil and Small European Countries 187
12 A New Technology-Based Innovation Model: The Role of Government and National Strategy 201
13 Technology Transfer and International Cooperation 215
14 Korean Information Technology: Status and Policy Implications 231
15 The Next Stage: The Road to an Innovation-Led Korea 249
Glossary 271
Selected Bibliography 275
Index 277
About the Contributors 283
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