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The Boom in Information and Communication Technology: A New Economy Emerging?

In: Korea’s Economic Miracle

Author

Listed:
  • Charles Harvie

    (University of Wollongong)

  • Hyun-Hoon Lee

    (Kangwon National University)

Abstract

As discussed in Chapter 1 the world is experiencing a revolution in which information and knowledge have become the principal drivers of competitiveness. Rapid advances in information and communications technology (ICT) have brought fundamental changes to modes of business, government and lifestyles. Indeed, access to ICT-related tools and skills has become crucial to economic development worldwide. Therefore in order to become more competitive in world markets and return to sustainable growth Korea needs to move away from the old economic paradigm and make the transition to a knowledge-based economy.

Suggested Citation

  • Charles Harvie & Hyun-Hoon Lee, 2003. "The Boom in Information and Communication Technology: A New Economy Emerging?," Palgrave Macmillan Books, in: Korea’s Economic Miracle, chapter 6, pages 159-179, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-4039-2019-5_6
    DOI: 10.1057/9781403920195_6
    as

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