Korea and the Knowledge-based Economy
Subtitle: Making the Transition
By: The World Bank and Organisation for Economic Co-operation and Development
Contributors: Organisation for Economic Co-operation and Development
Publisher: OECD Publishing
Published: 2001
Place of publication: Paris
Language: eng
Format: [electronic resource]:
Number of pages: 312
ISBN-13: 9789264188549
Subjects: Science and Technology
Description: As an input to Korea's efforts to revise the country's development strategy, the OECD and the World Bank have prepared a joint review of the challenges confronting Korea in its transition to a knowledge-based economy. The report proposes a four-pronged framework which will empower Korea to effectively tap into technology advances and the growing stock of knowledge: 1.  An economic and institutional regime that provides incentives for the efficient use of existing knowledge, for the creation of new knowledge, for the dismantling of obsolete activities and for the start-up of more efficient new ones. 2. An educated and entrepreneurial population that can both create and use new knowledge. 3. A dynamic information infrastructure that can facilitate effective communication, dissemination and processing of information. 4. An efficient innovation system comprising firms, science and research centers, universities, think tanks, consultants and other organizations that can interact and tap into the growing stock of global knowledge; assimilate and adapt it to local needs; and use it to create new knowledge and technology. The report addresses additional challenges with respect to the development of knowledge-based activities, and of setting up an overall framework for the design and implementation of more consistent policies conducive to the knowledge-based economy.
Table of contents: title: Currency Equivalents; title: Abbreviations; title: Executive Summary; title: Chapter 1. The Knowledge Revolution: A Challenge to Korea's Development Strategy; title: Chapter 2. Updating the Economic Incentive and Institutional Regime; title: Chapter 3. Developing Human Resources for the Knowledge -Based Economy; title: Chapter 4. Ensuring a Dynamic Information Infrastructure; title: Chapter 5. Improving the Korean Innovation System; title: Chapter 6. Promoting Knowledge-Based Activities; title: Chapter 7. Implementing Korea's Strategy for a Knowledge-Based Economy; title: Annexes