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Knowledge, knowledge… knowledge for my economy

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Title Knowledge, knowledge… knowledge for my economy
Similar Titles
Material Type Reports
Author(English)

Freeman, Richard B.

Publisher

[Sejong]:Korea Development Institute

Date 2015
Series Title; No KDI Journal of Economic Policy
Pages 22
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Science/Technology
Social Development < Education
Holding Korea Development Institute; KDI School

Abstract

The creation of S&T knowledge and development of S&T- based innovation has spread worldwide from traditionally advanced countries to traditionally developing countries, often under the direction of governments. Korea is an exemplar in this new locus. Korea's burst in Science and Technology during the last three decades has made Korea a substantive player in the global production of S&T knowledge and its application to business. Although Korea still trails the US and other top countries in the quality of research, it has leaped from its 1980s standing as bit player in the knowledge economy to being among the leaders in the early 21st Century. This paper shows that Korea’s advance benefited from its active participation in the global market in higher education, in international research collaborations, and its close ties to the U.S. Korea’s experience offers lessons for other countries who seek to advance by becoming knowledge economies. (The rest omitted)