The 4IR and Regional Capacity

Won Bok Lee ()
Additional contact information
Won Bok Lee: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr

No 21-21, Industrial Economic Review from Korea Institute for Industrial Economics and Trade

Abstract: We are now in the midst of a major transformation called the Fourth Industrial Revolution and related technologies and industries are rapidly developing and converging, bringing about great changes throughout the industrial ecosystem. However, as response measures to the 4IR are mainly designed at the central government level, regional responses are insufficient considering demand for changes in local industries and regional innovation systems. Therefore, in order to receive budgetary support from the central government, local governments have not properly evaluated the capacity of the regions in which they reside, and only major 4IR issues are discovered and presented. The role of the region is very important in enhancing national competitiveness and growing into a leading country through the 4IR. In an era of decentralization, regions have been forced to better plan and implement policies that address issues previously considered to be under the purview of the central government, such as population cliffs, job creation, and securing future growth engines. In order to reduce policy trial and error and maximize the effects of 4IR response policies, it is necessary to accurately grasp the current status of related technologies and industries, improve regional competitiveness and reduce the possibility of worsening regional imbalances. This paper seeks to grasp the current status of technologies and industries related to the 4IR, analyze current conditions in consideration of regional characteristics and capabilities, and propose appropriate response measures.

Keywords: Industry 4.0; Fourth Industrial Revolution; 4IR; innovation; regional innovation; Korea (search for similar items in EconPapers)
JEL-codes: O35 R11 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2021-12-01
New Economics Papers: this item is included in nep-ure
References: Add references at CitEc
Citations:

Downloads: (external link)
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4194252 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:kieter:2021_021

Access Statistics for this paper

More papers in Industrial Economic Review from Korea Institute for Industrial Economics and Trade Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea. Contact information at EDIRC.
Bibliographic data for series maintained by Aaron Crossen ().