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Exportization of all industries : Trade and industrial policy in Korea

Related Document
Frame of Image nt and Institutional Infrastructure Big-Push Partnership: Government and Business Groups Export-Oriented Industrialization Heavy and Chemical Industry Drive IT Industry Promotion III. Korea’s Shift to Competition and Corporate Governance Policy Problem of Transition: Whether and How to End the Big-Push Partnership Asymmetric Liberalization Post-Crisis Reform
IV. Conclusion Korea’s Transition toward a Knowledge Economy Future Policy Challenges
Part-01
Introduction
Conceptual Framework for Development: Innovation, Coordination, and Governance Externalities

Development: Three Externalities
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
Development is conceptualized as the result of synergies between enhanced human capital and new knowledge, involving complementary investments in physical and social capital. The fundamental policy challenge is for the state to work with non-state actors and markets to address innovation and coordination externalities as well as governance externalities (e.g., incompetence and corruption).

“Modern Growth”: Three Breakthroughs



Emergence of a large group of people who absorb and assimilate knowledge to improve their human capital and in turn use their improved human capital to apply and generate knowledge to raise productivity (Lucas 2009) Expansion of markets and hierarchies to facilitate specialization and coordinate productive activities, through the invisible hand (Smith 1776) and the visible hand (Chandler 1977) Emergence of meritocracy (careers open to talent) and responsive


Full Text
Title Exportization of all industries
Similar Titles
Sub Title

Trade and industrial policy in Korea

Material Type Proceedings
Author(English)

Lim, Wonhyuk

Publisher

[Sejong]:KDI School of Public Policy and Management

Date 2015-04
Event

Korea Study Tour for Government Officials of SICA

Pages 44
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Trade
Industry and Technology < General
Holding KDI School