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Innovation clusters and a new Korean economic strategy

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Frame of Image , photocopying, recording, or otherwise - without the permission of Scott Stern and Michael E. Porter.
1
Innovation Clusters and a New Korean Economic Strategy
• The Korean Economic Challenge • Clusters and Regional Economic Performance • Clusters in Innovation-Based Entrepreneurial Ecosystems • Clusters and Regional Economic Strategy • Towards a New Korean Economic Strategy
2
The Korean Growth Miracle…
Source: The Conference Board & Groningen Growth and Development Centre, GDP per capita in 1990 US$ (converted at Geary 3 Khamis PPPs)
Prosperity Performance
PPP-adjusted GDP per Capita, 2009 ($USD)
$60,000
Selected Countries, 2000 to 2009
OECD average: 3.26%
Norway
$50,000
United States Switzerland Ireland Australia Netherlands Singapore Canada Sweden Austria Denmark Belgium Iceland France Finland Japan United Kingdom Spain Germany Italy Israel New Zealand Portugal Hong Kong
$40,000
Taiwan
OECD average: $32,810
$30,000 $30,000
K o re a
Czech Republic Slovakia Poland Chile Russia
$20,000
Mexico
Hungary Malaysia Turkey
$10,000
Brazil
Thailand Indonesia Philippines Laos India
China (12.44%) Vietnam Cambodia
$0 0% 1% 2% 3% 4% 5% 6% 7% 8%
9%
10%
Growth of Real GDP per Capita (PPP-adjusted), CAGR, 2000 to 2009
Source: EIU (2010), authors calculations
4
Korea has Established Itself as a Global Innovator…
5 Source: USPTO (2010), Groningen Growth and Development Centre, Total Economy Database (2010)
Korean Economic Performance Founded on a Growing Number of Globally Competitive Cluster


Full Text
Title Innovation clusters and a new Korean economic strategy
Similar Titles
Material Type Proceedings
Author(English)

Stern, Scott

Publisher

[Seoul]:MIT Sloan School; NBER

Date 2012-10
Pages 69
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Macroeconomics
Industry and Technology < General
Holding KDI; KDI School of Public Policy and Management

User Note

This presentation draws on collaboration between Scott Stern, Michael Porter, Mercedes Delgado, Christian Ketels, Fiona Murray, and work conducted at the Trust Center for MIT Enttrepreneurship and the Harvard Institute for Strategy and Competitiveness. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means - electronic, mechanical, photocopying, recording, or otherwise - without the permission of Scott Stern and Michael E. Porter.