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High tech, low fertility, Korea becomes a role model in cultural industrial policy
- High tech, low fertility, Korea becomes a role model in cultural industrial policy
- Tung, An-Chi; Wan, Henry
- The Association of Korean Economic Studies
| Title |
High tech, low fertility, Korea becomes a role model in cultural industrial policy
Similar Titles
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|---|---|
| Material Type | Article |
| Author(English) |
Tung, An-Chi; Wan, Henry |
| Publisher |
[Seoul] : The Association of Korean Economic Studies |
| Date | 2010-08 |
| Journal Title; Vol./Issue | Korea and the World Economy:vol. 11(no. 2) |
| Pages | 19 |
| Subject Country | South Korea(Asia and Pacific) |
| Language | English |
| File Type | Link |
| Subject | Economy < Economic Administration Social Development < Employment |
| Holding | AKES |
| License |  |
Abstract
High tech products come from highly educated societies, where families choose quality over quantity in children, causing low fertility, hence, population-aging, and labor shortage. From personal stamina and strength, the source of comparative advantages shifts to collective effort like research and public communication, and leadership with insight, reputation and expertise. Hundreds of architects can thrive in a firm under one star leader. In particular, for high tech societies strong in implementation and communication, agglomerative externality benefits fields like entertainment and mass media. Additionally, state sponsorship, social commitment and visionary policies can nurture historical and cultural endowment. Again, by Linder hypothesis, products of national passion evolve into distinctive exports. With wideband infrastructure, successive presidential proclamations on cultural industrial policy, and media support, successful Korean TV plays, movies and on-line games have demonstrated the four-fold economic principles stated above. (The rest omitted)
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