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Lessons from Korean innovation model for ASEAN countries towards a knowledge economy

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Frame of Image ontrast, have turned into less labor-intensive technologies to further expand their economies. In this paper, we review the science, technology, and innovation (STI) policies and statuses of the scientific and technological capabilities of the ASEAN member countries. Empirical results based on STI indicators (R&D spending, publications, patents, and knowledge economy indices) reveal considerable variation between the science and technology (S&T) competence and effectiveness of STI policies of ASEAN members. We have categorized nations into clusters according their situations in their S&T productivity. Under the Korean Innovation Model, Cambodia, Laos, Myanmar, and Brunei are classified as being in the institutional-building stage, while Malaysia, Thailand, Indonesia, the Philippines, and Vietnam in the catch up stage, and Singapore in the post-catch up stage. Finally, policy prescriptions on how to enhance the S&T capabilities of the developing ASEAN countries, based on the South Korea development experience, are presented.
Keywords ASEAN, knowledge economy, STI policy, Republic of Korea
This research work is funded through the Fellowship Grant of the Science and Technology Policy Institute (STEPI) in Korea. The authors are indebted to Mr. Remrick Patagan of the Institute of Development and Econometric Analysis Inc. (IDEA), UP Diliman, Philippines, for his assistance in evaluating the ASEAN countries’ STI policies. * PhD candidate, Electrochemical Reaction & Technology Labora


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Title Lessons from Korean innovation model for ASEAN countries towards a knowledge economy
Similar Titles
Material Type Articles
Author(English)

Ocon, Joey D.; Phihusut, Doungkamon; Del Rosario, Jile Anne D.; Tuan, Trinh Ngoc; Lee, Jaeyoung

Publisher

[Seoul]:STEPI

Date 2013-10
Journal Title; Vol./Issue STI Policy Review:vol.4(no.2)
Pages 22
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic Conditions
Economy < Economic Administration
Holding STEPI; KDI School

Abstract

The Association of Southeast Asian Nations (ASEAN) achieved relatively rapid economic growth over the
past decade. Sustainable growth among member states, however, is put into question due to macroeconomic
challenges, political risk, and vulnerability to external shocks. Developed countries, in contrast, have turned
into less labor-intensive technologies to further expand their economies. In this paper, we review the science,
technology, and innovation (STI) policies and statuses of the scientific and technological capabilities of the
ASEAN member countries. Empirical results based on STI indicators (R&D spending, publications, patents,
and knowledge economy indices) reveal considerable variation between the science and technology (S&T)
competence and effectiveness of STI policies of ASEAN members. We have categorized nations into clusters
according their situations in their S&T productivity. Under the Korean Innovation Model, Cambodia, Laos,
Myanmar, and Brunei are classified as being in the institutional-building stage, while Malaysia, Thailand,
Indonesia, the Philippines, and Vietnam in the catch up stage, and Singapore in the post-catch up stage. Finally,
policy prescriptions on how to enhance the S&T capabilities of the developing ASEAN countries, based
on the South Korea development experience, are presented.