Transformation of an Emerging Economy to a Knowledge–based Economy

Renee B. Kim
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Renee B. Kim: Renee B. Kim is Associate Professor, Faculty of Business, International Business, HanYang University, 17 Haengdang-dong, Seongdong-gu, Seoul, 133-791, Korea. E-mail: Kimrby@gmail.com; Kimrby@Hanyang.ac.kr

Global Business Review, 2008, vol. 9, issue 1, 149-156

Abstract: As the world economy is increasingly adopting innovative technology, public policies for technology implementation play a significant role in economic growth and international competitiveness for a country. This article presents a Korean case to assess the importance and effectiveness of government technology-innovation policy for economic growth and development. The article explores historical aspects of the Korean government's economic policy that entailed measures to establish a technology support system; strategic changes in Korean public policy for innovative technology and the Korean government's promotion of a knowledge-based economy in recent years; and specific policy measures related to this objective. The article also addresses a few major challenges in the Korean knowledge-based economy.

Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:sae:globus:v:9:y:2008:i:1:p:149-156

DOI: 10.1177/097215090700900110

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