An International Comparative Analysis
Chapter 3: The South Korean Model of Increasing Privatisation of Industrial R & D
3. The South Korean model of increasing privatisation of industrial R&D In December 1996, South Korea was admitted into the elite club of the richest nations in the world, namely the OECD, and in the early part of 1997, the country was oﬃcially declared an industrialised country by the International Monetary Fund (IMF).1 The average per capita GNP of the country grew at a rate of 10 per cent per annum during the 1970–95 period. Within a matter of three decades Korea has grown from a poor country to that of the eleventh largest economy in the world. The growth performance of the Korean economy has attracted much attention and has spawned a large literature. Korea leads the world in several areas of high technology such as semiconductors and shipbuilding. As noted earlier in Chapter 2 (Table 2.12), a Korean company has emerged as the ﬁfth largest patenting company in the United States. While there is much debate on the real causes of this spectacular economic performance, there is near consensus on the fact that much of the growth is contributed by the technological dynamism of her industrial sector. The chapter is structured into three main sections. The ﬁrst section analyses the role of technology in the economic growth of Korea. The second section maps out the main features of the Korean R&D system and the third section focuses on the role of government in the industrial R&D system. A summary concludes the chapter....
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.