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A Study on Regulatory and Industrial Policies for the Industrial Paradigm Change

Author

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  • Lee, Snagkyu

    (Korea Institute for Industrial Economics and Trade)

Abstract

This paper suggests an integrated and comprehensive industrial policy framework reflecting various regulatory and industrial policy issues including new industrial paradigm shift such as the 4th Industrial Revolution. The industrial policy framework should cover all the policy areas, including not only the existing industrial policies but also the regulation and innovation strategies from the national economic perspective. In this paper, it is underlined that the regulation and industrial policy should be able to ensure the promotion of industrial innovations by enhancing the interactions among the economic actors. This policy direction must be reinforced by providing the differentiable policy strategies in terms of business scale, life cycle, and so on. Furthermore, it is necessary to establish the self-selective optional policy scheme that can encourage creative and autonomous industrial innovations coming from the private sector. This self-selective policy framework can work well over the policy support platform that can allow the economic actors to exchange the information, technologies, expert knowledge, consulting, etc, regardless of the positions of policy suppliers and demanders. This policy strategy is the same case in the regulation and industrial policy framework.

Suggested Citation

  • Lee, Snagkyu, 2017. "A Study on Regulatory and Industrial Policies for the Industrial Paradigm Change," Occasional Papers 00/0, Korea Institute for Industrial Economics and Trade.
  • Handle: RePEc:ris:kietop:2000_000
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    More about this item

    Keywords

    industrial policy; industrial innovation; regulatory reform; innovation strategy; innovation policy; industrial innovation; autonomous innovation; knowledge acquisition; Korea; Korean policy; Korean industry;
    All these keywords.

    JEL classification:

    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy

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