The impact of technology transfer / policies on the economic catch-up of the Korean National Innovation System and its implications for Nigeria

Temitayo Shenkoya and Euiseok Kim

African Journal of Science, Technology, Innovation and Development, 2021, vol. 13, issue 6, 685-699

Abstract: Previous studies have shown that technology transfer is essential for innovation and knowledge diffusion. However, without appropriate policies, technology transfer cannot be successful. This research studied technology transfer and its policies in Korea with the aim to determine whether it contributed to the catching-up of the Korean economy while seeking to prove Schumpeter’s theory of innovation. In this study, a mixed methodology that involved the use of a systematic review of literature and an analysis of secondary data was employed. The results show that technology transfer policies are essential to economic growth and income generation of the National Innovation System (NIS) while fostering innovation. In line with this, three key policies were discovered that helped the Korean NIS make an economic catch-up from a developing country to a developed country. These are: Intellectual Property Rights, Foreign Direct Investment, and a third class (which was referred to as the general technology transfer policy) of technology transfer policies. These policies improve technology transfers by establishing free trade zones, giving tax breaks to foreign firms and easing the process of foreign direct investment. Based on these results, a policy structure was developed.

Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/20421338.2020.1799536 (text/html)
Access to full text is restricted to subscribers.

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:taf:rajsxx:v:13:y:2021:i:6:p:685-699

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rajs20

DOI: 10.1080/20421338.2020.1799536

Access Statistics for this article

African Journal of Science, Technology, Innovation and Development is currently edited by None

More articles in African Journal of Science, Technology, Innovation and Development from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().