Manufacturing Digitalization in the U.S. and Its Policy Implications for Korea

Inchul Kim (), Jaehan Cho, Sunin Jung (), Hanhin Kim (), Robert Atkinson () and Stephen Ezell ()
Additional contact information
Inchul Kim: 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
Sunin Jung: 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
Hanhin Kim: 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
Robert Atkinson: Information Technology and Innovation Foundation, Postal: 1101 K Street N.W., Suite 610, Washington, DC 20005, United States, http://www.itif.org
Stephen Ezell: Information Technology and Innovation Foundation, Postal: 1101 K Street N.W., Suite 610, Washington, DC 20005, United States, http://www.itif.org

No 18/1, Occasional Papers from Korea Institute for Industrial Economics and Trade

Abstract: The purpose of this report is twofold. First, to describe the digitalization of modern manufacturing and U.S. businesses' adoption of digital technologies and identify the implications for policy carried by these trends. And second, to provide recommendations for competition policy in Korea informed by business and policy experiences of technologically advanced countries. The work suggests the following specific policy recommendations targeting the Korean manufacturing sector: SMEs digitalization support programs, funding to equipment and technology upgrades, public-private partnership for digital manufacturing, cybersecurity, digital manufacturing supply chains, capital access for digital innovation, and digital manufacturing skills/education.

Keywords: innovation; innovation policy; competition; competitiveness; competition policy; digital technology; technology policy; Industry 4.0; fourth industrial revolution; 4IR; manufacturing; Korea; US; digitalization; industrial policy; industrial strategy; SMEs; small and medium-sized enterprises; supply chains; education; digital skills (search for similar items in EconPapers)
JEL-codes: H25 L52 L53 L60 M53 O31 O32 O33 O34 O38 (search for similar items in EconPapers)
Pages: 138 pages
Date: 2018-11-28
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