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Korea at the Turning Point: Innovation-Based Strategies for Developmentby Chris G. Edwards
Synopses & Reviews
Can Korea realize its dream of matching the economic performance of the G-7 nations in the next 15 years? The marshalling of capital, and dedicated, low-cost labor by authoritarian governments in the past created double-digit economic growth based on imported technology. How can Korea's young democracy, fledgling science, and liberalizing policies compete against a new level of global competition? Korea must build its research capability, accelerate the development of smaller, high-tech firms, and reduce bureaucratic conflict in support of an innovation-based strategy. This book puts Korea's technological challenge in its historical context, documents the reasons past strategies are no longer viable, and presents a blueprint for the next stage in Korean development. Korean economy is one of the most exciting and dynamic ones in the world. Korea finds itself in the position of being regarded as respected competition by nations and firms which earlier regarded it only as a source of low-cost, high-quality production. As the economy has slowed, the Korean government and private sector have faced the challenge of making a change in strategy in regard to its approach to technology, and how the economy is to be managed. This analysis of where Korea has been and how it will deal with technology and economic management is conducted by prominent Korean and American scholars.
Book News Annotation:
Drawn from international academic, economic, scientific, and technological communities, contributors to this volume present 15 essays, organized into five sections: current challenges; Korea's present resources for innovation; models for development, including Japan, Taiwan, Brazil, and small European countries; strategic positioning for Korea's future economy; and conclusions.
Annotation c. Book News, Inc., Portland, OR (booknews.com)
An exploration of the challenges Korea faces in transforming its economy from a government-directed, low-cost producer to an innovative world economic power based on its own scientific and technological development.
Includes bibliographical references (p. -276) and index.
About the Author
LEWIS M. BRANSCOMB is Aetna Professor of Public Policy and Corporate Management, emeritus, and directed the Science, Technology, and Public Policy program at Harvard University.YOUNG-HWAN CHOI is a former President of STEPI and previously served as Vice Minister for Science and Technology in the Republic of Korea.
Table of Contents
Challenges at the Turning Point: A History and Overview
A Framework for Discussing Korea's Techno-economic Future by Lewis M. Branscomb and Young-Hwan Choi
The Path to Modernization, 1962-1992 by Young-Hwan Choi
Korea's International Environment: Maintaining Competitive Advantage by Byoung-Joo Kim
The Innovation Triangle: Stimulating Innovation in Private and Public Enterprises by Kee-Young Kim and Boong-Kyu Lee
Shifting Strategies: From Cost-Advantage to Superior Value by Kwang Doo Kim
Korea's Current Resources for Innovation
Promoting the Culture of Science and Innovation by Hak-Soo Kim and Seong-Rae Park
Innovation and the Role of Korea's Universities by Young Gul Kim
The Importance and Needs of Public Laboratories by Young-Hwan Choi and Boong-Kyu Lee
Other Models for Innovation-based Development
Japan: Model, Mentor, and Competitor by Lewis M. Branscomb
Taiwan: Innovation in Small and Medium Enterprises by Lewis M. Branscomb
Contrasting Models: Brazil and Small European Nations by Lewis M. Branscomb and Henry Ergas
Strategic Positioning for Korea's Future Economy
A New Technology-based Innovation Model: The Role of Government and National Strategy by Young-Hwan Choi and Lewis M. Branscomb
Technology Transfer and International Cooperation by Sung Chul Chung and Lewis M. Branscomb
Information Technology and Policy by Yong-Teh Lee and Lewis M. Branscomb
The Next Stage: The Road to an Innovation-led Korea by Lewis M. Branscomb and Young-Hwan Choi
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