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Crisis, national innovation, and reform in South Korea

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  • Crisis, national innovation, and reform in South Korea
  • Kim, Linsu
  • Massachusetts Institute of Technology


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Title Crisis, national innovation, and reform in South Korea
Similar Titles
Material Type Reports
Author(English)

Kim, Linsu

Publisher

[Cambridge]:Massachusetts Institute of Technology

Date 2001
Series Title; No MIT Japan Program Working Paper / Vol. 1(No. 1)
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Conditions
Economy < Economic Administration
Industry and Technology < General
Holding Massachusetts Institute of Technology

Abstract

The greatest strengths in South Korea’s national innovation system in the early decades have become its most serious liabilities in the recent decade, as South Korea has failed to adapt itself to the rapidly changing political and economic environment. This paper first assesses the impact of the Asian crisis of 1997 on South Korea’s national innovation system. The crisis has resulted in numerous negative consequences in the short-term, but also provided a rare opportunity for South Korea to fix its system in the long-term. The paper then discusses how South Korea has progressed in reengineering the various aspects of the system that has bearing on the future competitiveness of its economy. South Korea will make major changes to accommodate to globalization, but increasing globalism will be a means toward a nationalist end.