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Latecomers’ science-based catch-up in transition : The case of the Korean pharmaceutical industry

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  • Latecomers’ science-based catch-up in transition
  • Hwang, SeongWoong
  • University of Sussex


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Title Latecomers’ science-based catch-up in transition
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Sub Title

The case of the Korean pharmaceutical industry

Material Type Theses
Author(English)

Hwang, SeongWoong

Publisher

[Brighton, England] : University of Sussex

Date 2015-10
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < General
Industry and Technology < Science/Technology
Holding OpenAIRE
License

Abstract

This thesis investigates the 25-year transitional process of the Korean pharmaceutical industry from its initial focus on the imitative production of generic drugs to the development of new drugs. The catch-up dynamics of latecomer countries in scienceintensive industries, such as the pharmaceutical industry, is an overlooked research topic in existing literature on innovation studies. This thesis provides an in-depth analysis of Korea’s science-intensive catch-up and applies an ‘exploration and exploitation’ framework to a latecomer setting and in a novel institutional and market context of the transitional phase. This thesis argues that the rate of change in the transition from imitating drugs to developing new drugs depends on the institutional and organisational mechanisms that enable a new form of technological learning, termed ‘exploratory learning’. This form of learning is often unfamiliar to firms in latecomer countries, whereas it is necessary for producing innovative drugs. (The rest omitted)