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STI policy and Korean development

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Frame of Image 000 sq Km or 99,000 sq Km, if excluding the northern part of the peninsula, of which ¾ is non-arable mountains  Very poor in natural resources – no oil reserve, insignificant reserves of coal and other mineral resources  Historically, very limited economic interactions with western powers due to geographical remoteness – retarded in industrialization  But it has had to support a large population – 80 million people
Cultural inheritance….
 A uni-cultural society strongly influenced by Confucian tradition
placing highest value on scholarship and education social order based on vertical relationships – respect for seniors and the elderly
 Very closely knitted society, where family, school, religious and regional backgrounds are very important determinants of inter-personal relationships  Relatively high social mobility – education has been the major vehicle to higher social class
6/29/2015 Chung STI Policy 3
Korean development
It was under unfavorable geo-political and geo-economic environments that Korea has transformed itself from one of the poorest countries in the world into one of the most dynamic industrial economies…  GNI P/C: $ 87(’61) → $23,000(‘12)  Exports: $55 M(’61) → $552 B (‘12)  Unemployment: 22.3%(’61) → 3.2% (‘12)
How has Korea been able to make the transition ? One of the Key factors is science and technology.
Structural Transformations of 2000s the Korean Economy
1980s-2000s 1960s-80s
Industrial economy
HighTechnology industries
Creative knowledge


Full Text
Title STI policy and Korean development
Similar Titles
Material Type Proceedings
Author(English)

Chung, Sungchul

Publisher

[Sejong]:Science and Technology Policy Institute

Date 2015-06
Event

Consultation on Vietnam 2035 Report

Pages 50
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic Administration
Industry and Technology < Science/Technology
Holding STEPI; KDI School