Korea : Transition to a Knowledge-Based Economy

The report reviews the economic transition in Korea, summarizing the challenge of the knowledge revolution, to the country's development strategy, and the analytical, and policy framework for a knowledge-based economy. It explores the needs to...

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Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	KNOWLEDGE-BASED STRATEGIES DEVELOPMENT ASSISTANCE REFORM POLICY INFORMATION SHARING ECONOMIC INCENTIVES INSTITUTIONAL TRANSFORMATION GOVERNMENT ROLE TRANSITION ECONOMIES FINANCIAL POLICY LABOR MARKETS SOCIAL SAFETY NETS RISK MANAGEMENT HUMAN RESOURCES REFORMS EDUCATION AIMS & OBJECTIVES TRAINING ASSISTANCE INFORMATION INFRASTRUCTURE INNOVATIONS ECONOMIC ANALYSIS LEGAL & REGULATORY FRAMEWORK COMPETITIVENESS ENTERPRISE DEVELOPMENT TELECOMMUNICATIONS TECHNOLOGY BUSINESS SERVICES CAPITAL INVESTMENTS CAPITAL MARKETS CODE DIVISION MULTIPLE ACCESS COLLABORATION COMMUNICATION TECHNOLOGIES COMMUNICATION TECHNOLOGY COMMUNICATIONS COSTS COMPETITIVE ENVIRONMENT COMPETITIVE MARKETS CONSUMER PROTECTION DEBT DECISION MAKING DEMOCRACY DEREGULATION DIGITAL DIVIDE DISTANCE EDUCATION E-COMMERCE ECONOMIC DEVELOPMENT ECONOMIC GROWTH EFFECTIVE USE EXERCISES EXPENDITURES EXPLOITATION GLOBAL KNOWLEDGE GNP GROSS NATIONAL PRODUCT HUMAN RESOURCE MANAGEMENT HUMAN RIGHTS ICT INCOME INDUSTRIAL ECONOMICS INFORMATION DISCLOSURE INNOVATION INSURANCE INTELLECTUAL PROPERTY INTERMEDIARIES INTERVENTION ISDN JOURNALS KNOWLEDGE ECONOMY KNOWLEDGE REVOLUTION KNOWLEDGE SYSTEMS LABOR INPUTS LAWS LEARNING LEGISLATION LEISURE LOCAL AUTHORITIES NATIONAL INFORMATION INFRASTRUCTURE NETWORKS PARENTS PARTNERSHIP PHONES PRIVATE SECTOR PRODUCTIVITY PRODUCTIVITY GROWTH PROPERTY RIGHTS PUBLIC GOODS PUBLIC HEARINGS PUBLIC SECTOR REGULATORY AGENCY REGULATORY FRAMEWORK RESEARCH CENTERS RESEARCH PROGRAMS SAFETY SAVINGS SCHOOLS SCIENTIFIC RESEARCH SECURITIES SOCIAL ISSUES TEACHERS TECHNOLOGY INDUSTRIES TECHNOLOGY POLICY TELECOMMUNICATION TELECOMMUNICATIONS TELECOMS UNEMPLOYMENT WAGES
Online Access:	http://documents.worldbank.org/curated/en/2000/06/437066/korea-transition-knowledge-based-economy http://hdl.handle.net/10986/15256

id	okr-10986-15256
recordtype	oai_dc
spelling	okr-10986-152562021-04-23T14:03:15Z Korea : Transition to a Knowledge-Based Economy World Bank KNOWLEDGE-BASED STRATEGIES DEVELOPMENT ASSISTANCE REFORM POLICY INFORMATION SHARING ECONOMIC INCENTIVES INSTITUTIONAL TRANSFORMATION GOVERNMENT ROLE TRANSITION ECONOMIES FINANCIAL POLICY LABOR MARKETS SOCIAL SAFETY NETS RISK MANAGEMENT HUMAN RESOURCES REFORMS EDUCATION AIMS & OBJECTIVES TRAINING ASSISTANCE INFORMATION INFRASTRUCTURE INNOVATIONS ECONOMIC ANALYSIS LEGAL & REGULATORY FRAMEWORK COMPETITIVENESS ENTERPRISE DEVELOPMENT TELECOMMUNICATIONS TECHNOLOGY BUSINESS SERVICES CAPITAL INVESTMENTS CAPITAL MARKETS CODE DIVISION MULTIPLE ACCESS COLLABORATION COMMUNICATION TECHNOLOGIES COMMUNICATION TECHNOLOGY COMMUNICATIONS COSTS COMPETITIVE ENVIRONMENT COMPETITIVE MARKETS CONSUMER PROTECTION DEBT DECISION MAKING DEMOCRACY DEREGULATION DIGITAL DIVIDE DISTANCE EDUCATION E-COMMERCE ECONOMIC DEVELOPMENT ECONOMIC GROWTH EFFECTIVE USE EXERCISES EXPENDITURES EXPLOITATION GLOBAL KNOWLEDGE GNP GROSS NATIONAL PRODUCT HUMAN RESOURCE MANAGEMENT HUMAN RIGHTS ICT INCOME INDUSTRIAL ECONOMICS INFORMATION DISCLOSURE INNOVATION INSURANCE INTELLECTUAL PROPERTY INTERMEDIARIES INTERVENTION ISDN JOURNALS KNOWLEDGE ECONOMY KNOWLEDGE REVOLUTION KNOWLEDGE SYSTEMS LABOR INPUTS LABOR MARKETS LAWS LEARNING LEGISLATION LEISURE LOCAL AUTHORITIES NATIONAL INFORMATION INFRASTRUCTURE NETWORKS PARENTS PARTNERSHIP PHONES PRIVATE SECTOR PRODUCTIVITY PRODUCTIVITY GROWTH PROPERTY RIGHTS PUBLIC GOODS PUBLIC HEARINGS PUBLIC SECTOR REGULATORY AGENCY REGULATORY FRAMEWORK RESEARCH CENTERS RESEARCH PROGRAMS SAFETY SAVINGS SCHOOLS SCIENTIFIC RESEARCH SECURITIES SOCIAL ISSUES TEACHERS TECHNOLOGY INDUSTRIES TECHNOLOGY POLICY TELECOMMUNICATION TELECOMMUNICATIONS TELECOMS UNEMPLOYMENT WAGES The report reviews the economic transition in Korea, summarizing the challenge of the knowledge revolution, to the country's development strategy, and the analytical, and policy framework for a knowledge-based economy. It explores the needs to increase overall productivity, and areas of relative inefficiency, namely, inadequate conditions for generation of knowledge, and information; insufficient competition, and misallocation of investments. Furthermore, the increasingly global, and interdependent world, requires that Korea become inter-nationalized, and this involves: active participation, and leadership in international forums, particularly those setting rules for the new economy; developing alliances with world-class universities; and, active participation in global knowledge systems, and international telecommunications. Thus, the role of the Korean government will need to be redefined, unleashing the creative power of markets, providing legal and regulatory framework for more competitive markets, and fostering policies conducive to enterprise development, while addressing also, the risks of the "digital divide". The report identifies key areas for the government to move towards a comprehensive approach, where reforms are needed to prod: economic incentive, and institutional regime; education, training, and human resource management; information infrastructure; and, innovation systems. 2013-08-21T16:34:11Z 2013-08-21T16:34:11Z 2000-06-29 http://documents.worldbank.org/curated/en/2000/06/437066/korea-transition-knowledge-based-economy http://hdl.handle.net/10986/15256 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC East Asia and Pacific Korea, Republic of
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	KNOWLEDGE-BASED STRATEGIES DEVELOPMENT ASSISTANCE REFORM POLICY INFORMATION SHARING ECONOMIC INCENTIVES INSTITUTIONAL TRANSFORMATION GOVERNMENT ROLE TRANSITION ECONOMIES FINANCIAL POLICY LABOR MARKETS SOCIAL SAFETY NETS RISK MANAGEMENT HUMAN RESOURCES REFORMS EDUCATION AIMS & OBJECTIVES TRAINING ASSISTANCE INFORMATION INFRASTRUCTURE INNOVATIONS ECONOMIC ANALYSIS LEGAL & REGULATORY FRAMEWORK COMPETITIVENESS ENTERPRISE DEVELOPMENT TELECOMMUNICATIONS TECHNOLOGY BUSINESS SERVICES CAPITAL INVESTMENTS CAPITAL MARKETS CODE DIVISION MULTIPLE ACCESS COLLABORATION COMMUNICATION TECHNOLOGIES COMMUNICATION TECHNOLOGY COMMUNICATIONS COSTS COMPETITIVE ENVIRONMENT COMPETITIVE MARKETS CONSUMER PROTECTION DEBT DECISION MAKING DEMOCRACY DEREGULATION DIGITAL DIVIDE DISTANCE EDUCATION E-COMMERCE ECONOMIC DEVELOPMENT ECONOMIC GROWTH EFFECTIVE USE EXERCISES EXPENDITURES EXPLOITATION GLOBAL KNOWLEDGE GNP GROSS NATIONAL PRODUCT HUMAN RESOURCE MANAGEMENT HUMAN RIGHTS ICT INCOME INDUSTRIAL ECONOMICS INFORMATION DISCLOSURE INNOVATION INSURANCE INTELLECTUAL PROPERTY INTERMEDIARIES INTERVENTION ISDN JOURNALS KNOWLEDGE ECONOMY KNOWLEDGE REVOLUTION KNOWLEDGE SYSTEMS LABOR INPUTS LABOR MARKETS LAWS LEARNING LEGISLATION LEISURE LOCAL AUTHORITIES NATIONAL INFORMATION INFRASTRUCTURE NETWORKS PARENTS PARTNERSHIP PHONES PRIVATE SECTOR PRODUCTIVITY PRODUCTIVITY GROWTH PROPERTY RIGHTS PUBLIC GOODS PUBLIC HEARINGS PUBLIC SECTOR REGULATORY AGENCY REGULATORY FRAMEWORK RESEARCH CENTERS RESEARCH PROGRAMS SAFETY SAVINGS SCHOOLS SCIENTIFIC RESEARCH SECURITIES SOCIAL ISSUES TEACHERS TECHNOLOGY INDUSTRIES TECHNOLOGY POLICY TELECOMMUNICATION TELECOMMUNICATIONS TELECOMS UNEMPLOYMENT WAGES
spellingShingle	KNOWLEDGE-BASED STRATEGIES DEVELOPMENT ASSISTANCE REFORM POLICY INFORMATION SHARING ECONOMIC INCENTIVES INSTITUTIONAL TRANSFORMATION GOVERNMENT ROLE TRANSITION ECONOMIES FINANCIAL POLICY LABOR MARKETS SOCIAL SAFETY NETS RISK MANAGEMENT HUMAN RESOURCES REFORMS EDUCATION AIMS & OBJECTIVES TRAINING ASSISTANCE INFORMATION INFRASTRUCTURE INNOVATIONS ECONOMIC ANALYSIS LEGAL & REGULATORY FRAMEWORK COMPETITIVENESS ENTERPRISE DEVELOPMENT TELECOMMUNICATIONS TECHNOLOGY BUSINESS SERVICES CAPITAL INVESTMENTS CAPITAL MARKETS CODE DIVISION MULTIPLE ACCESS COLLABORATION COMMUNICATION TECHNOLOGIES COMMUNICATION TECHNOLOGY COMMUNICATIONS COSTS COMPETITIVE ENVIRONMENT COMPETITIVE MARKETS CONSUMER PROTECTION DEBT DECISION MAKING DEMOCRACY DEREGULATION DIGITAL DIVIDE DISTANCE EDUCATION E-COMMERCE ECONOMIC DEVELOPMENT ECONOMIC GROWTH EFFECTIVE USE EXERCISES EXPENDITURES EXPLOITATION GLOBAL KNOWLEDGE GNP GROSS NATIONAL PRODUCT HUMAN RESOURCE MANAGEMENT HUMAN RIGHTS ICT INCOME INDUSTRIAL ECONOMICS INFORMATION DISCLOSURE INNOVATION INSURANCE INTELLECTUAL PROPERTY INTERMEDIARIES INTERVENTION ISDN JOURNALS KNOWLEDGE ECONOMY KNOWLEDGE REVOLUTION KNOWLEDGE SYSTEMS LABOR INPUTS LABOR MARKETS LAWS LEARNING LEGISLATION LEISURE LOCAL AUTHORITIES NATIONAL INFORMATION INFRASTRUCTURE NETWORKS PARENTS PARTNERSHIP PHONES PRIVATE SECTOR PRODUCTIVITY PRODUCTIVITY GROWTH PROPERTY RIGHTS PUBLIC GOODS PUBLIC HEARINGS PUBLIC SECTOR REGULATORY AGENCY REGULATORY FRAMEWORK RESEARCH CENTERS RESEARCH PROGRAMS SAFETY SAVINGS SCHOOLS SCIENTIFIC RESEARCH SECURITIES SOCIAL ISSUES TEACHERS TECHNOLOGY INDUSTRIES TECHNOLOGY POLICY TELECOMMUNICATION TELECOMMUNICATIONS TELECOMS UNEMPLOYMENT WAGES World Bank Korea : Transition to a Knowledge-Based Economy
geographic_facet	East Asia and Pacific Korea, Republic of
description	The report reviews the economic transition in Korea, summarizing the challenge of the knowledge revolution, to the country's development strategy, and the analytical, and policy framework for a knowledge-based economy. It explores the needs to increase overall productivity, and areas of relative inefficiency, namely, inadequate conditions for generation of knowledge, and information; insufficient competition, and misallocation of investments. Furthermore, the increasingly global, and interdependent world, requires that Korea become inter-nationalized, and this involves: active participation, and leadership in international forums, particularly those setting rules for the new economy; developing alliances with world-class universities; and, active participation in global knowledge systems, and international telecommunications. Thus, the role of the Korean government will need to be redefined, unleashing the creative power of markets, providing legal and regulatory framework for more competitive markets, and fostering policies conducive to enterprise development, while addressing also, the risks of the "digital divide". The report identifies key areas for the government to move towards a comprehensive approach, where reforms are needed to prod: economic incentive, and institutional regime; education, training, and human resource management; information infrastructure; and, innovation systems.
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Korea : Transition to a Knowledge-Based Economy
title_short	Korea : Transition to a Knowledge-Based Economy
title_full	Korea : Transition to a Knowledge-Based Economy
title_fullStr	Korea : Transition to a Knowledge-Based Economy
title_full_unstemmed	Korea : Transition to a Knowledge-Based Economy
title_sort	korea : transition to a knowledge-based economy
publisher	Washington, DC
publishDate	2013
url	http://documents.worldbank.org/curated/en/2000/06/437066/korea-transition-knowledge-based-economy http://hdl.handle.net/10986/15256
_version_	1764427273863168000

Korea : Transition to a Knowledge-Based Economy

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