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Building technological capabilities : Four cases from manufacturing sectors in Korea

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Title Building technological capabilities
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Sub Title

Four cases from manufacturing sectors in Korea

Project Category Development Cases
Material Type Reports
Author(English)

Lee, Keun; Kim, Yoon-Ji; Ki, Jeehoon; Shin Hochul

Publisher

Seoul:KDI School of Public Policy and Management

Date 2012
Project Development Cases
Series Title; No Knowledge Sharing Program: KSP Modularization
ISBN 978-89-93695-82-3; 978-89-93695-27-4 [SET 40]
Pages 94
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < General
Holding KDI School of Public Policy and Management
Supervisor KDI School of Public Policy and Management
Organizer Ministry of Knowledge Economy; Center for Economic Catch-up, Seoul National University
Sponsor Ministry of Strategy and Finance
Project Term 2011-01-01 ~ 2011-12-31

Abstract

The process of economic development involves growth of a certain number of industries, where firms may flourish and enhance their capabilities. The essence of enhancing the capabilities of private firms requires assuring them the initial rents (profits) and learning opportunities until they grow enough to compete successfully in world markets. This report has discussed several ways of doing this in four different sectors or technologies, with a focus on the role of the government.
In mainstream economics, the government is often considered as a “invisible foot,” such that its intervention into the market economies may often lead to worse results than without such intervention. While such assessment would be true on average across countries, this does not preclude the possibility that in certain context and under certain conditions, the government activism may lead to desirable outcomes. This report explores what such conditions would be based on the case examples from Korea’s past. (The rest omitted)