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Manufacturing Digitalization in the U.S. and Its Policy Implications for Korea

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Frame of Image evolution” by Dr. Robert D. Atkinson, President of ITIF and a member of the authors, at the international Conference Inclusive Korea 2018 For Better Life: Korea’s Growth as an Innovative and Inclusive Nation, Seoul, Korea on May 25, 2018, cohosted by The Presidential Commission on Policy Planning (PCPP) and The National Research Council (NRC). An earlier version of the report will uploaded to the ITIF website. We greatly appreciate anonymous reviewers for the valuable comments and suggestions. The usual disclaimers apply.
Inchul Kim, Jaehan Cho, Sunin Jung and Hanhin Kim
Korea Institute for Industrial Economics and Trade
Robert D. Atkinson and Stephen J. Ezell
Information Technology and Innovation Foundation Korea Institute for Industrial Economics and Trade (KIET) Sejong National Research Complex 370 Sicheong-daero, Sejong-si, 30147, Korea Tel : 82-44-287-3114 Fax : 82-44-287-3333 URL : http://www.kiet.re.kr KIET Occasional Paper No.108
Manufacturing Digitalization in the U.S. and Its Policy Implications for Korea
Published on November 28, 2018 in Korea by KIET ⓒ 2018 KIET ISBN 979-11-88964-91-8 93320
Table of Contents
Abstract ........................................................................................... 9
Ⅰ. Introduction.............................................................................................. 11 Ⅱ. The Digitalization of Modern Manufacturing..................................... 14 (1) Manufacturer Case Studies ..............................


Full Text
Title Manufacturing Digitalization in the U.S. and Its Policy Implications for Korea
Similar Titles
Material Type Report
Author(English)

Kim, Inchul; Cho, Jaehan; Jung, Sunin; Kim, Hanhin; Arkinson, Robert D.; Ezell, Stephen J.

Publisher

Sejong : Korea Institute for Industrial Economics and Trade

Date 2018-11
Series Title; No KIET Occasional Paper / 108
ISBN 979-11-88964-91-8 93320
Pages 138
Subject Country United States(Americas)
South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Manufacturing
Industry and Technology < IT
Holding Korea Institute for Industrial Economics and Trade
License

Abstract

The purpose of this report is twofold. First, to view the digitalization of modern manufacturing and then the U.S. business practices adopting digital technologies and policy suggestions regarding the new technologies. Second, to extract and provide policy recommendations that can enable Korea to take advantage of the business and policy experiences founded on digitalization of technologically advanced countries to enhance its competitiveness.
Many nations are intensively competing for manufacturing leadership. Digitalization, broadly encompassing the 4th industrial revolution, has risen to a pivotal element for manufacturing firms to transform how products are designed, used, and serviced, which could lead their competitiveness to a surpassingly higher level. For the Korean manufacturing industry, which has almost used up the factor-oriented growth potential, its competitiveness will become more and more based around the strength of technological prowess. It is the main reason digitalization will acceptably play a game changer role in the industry in coming years.