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Transformation of an Emerging Economy to a Knowledge–based Economy

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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)

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.

Suggested Citation

  • Renee B. Kim, 2008. "Transformation of an Emerging Economy to a Knowledge–based Economy," Global Business Review, International Management Institute, vol. 9(1), pages 149-156, June.
    • Handle: RePEc:sae:globus:v:9:y:2008:i:1:p:149-156
    DOI: 10.1177/097215090700900110
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    References listed on IDEAS

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    1. Blomström, Magnus & Kokko, Ari & Sjöholm, Fredrik, 2002. "Growth & Innovation Policies For a Knowledge Economy. Experiences From Finland, Sweden & Singapore," EIJS Working Paper Series 156, Stockholm School of Economics, The European Institute of Japanese Studies.
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