Industrial Policy in Korea is passing through a transitional period. Since catching-up process has been coming to an end, the problems of transition to a new stage of economic development confront us now. Using Porter's terminology, new government policies are required for transition from factor-driven stage to innovation-driven stage.
Government's appropriate role in the innovation-driven stage should be markedly different from the previous one. Government's efforts are best spent in indirect ways such as stimulating the creation of more advanced factors, improving the quality of domestic demand, encouraging new business formation, and preserving domestic competition.
Some of Korean government's national agendas - Balanced National Development, Northeast Asian Business Hub, and National Innovation System - contain certain elements regarding the strategies for this transition. Each of these agendas represents regional policy, structural adjustment policy, and science & technology policy, which are prevailing nowadays as the indirect components of industrial policy in OECD countries. (The rest omitted)
- 혁신주도형 경제와 신산업정책(Innovation-driven economy and new industrial policy)
- 이상철; 유철규; 방진욱
혁신주도형 경제와 신산업정책(Innovation-driven economy and new industrial policy)
|Series Title; No||정책연구 / 05-01|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Economy < Economic Administration
Industry and Technology < Science/Technology