Korea as a Knowledge Economy : Evolutionary Process and Lessons Learned

This report on Korea is geared towards policy makers from developing countries that are in the midst of, or are intending to, embark on the transition towards the knowledge economy. It provides pragmatic policy lessons drawn from Korea's forty...

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Main Authors:	Suh, Joonghae, Chen, Derek H. C.
Format:	Publication
Language:	English en_US
Published:	Washington, DC: World Bank 2012
Subjects:	ADSL ADULT EDUCATION ADVERSE EFFECTS AGRICULTURE ASYMMETRIC DIGITAL SUBSCRIBER LINE ATM BALANCE OF PAYMENTS BANK LOANS BANKS BENCHMARKING BROADBAND NETWORKS CABLE TELEVISION CAPITAL GOODS CAPITAL REQUIREMENTS CITIES CLIENT COUNTRIES CODE DIVISION MULTIPLE ACCESS COMMODITIES COMMODITY COMMUNICATION TECHNOLOGIES COMMUNICATIONS TECHNOLOGIES COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVE ADVANTAGE COMPETITIVENESS CONSUMER CONSUMER GOODS CONSUMERS CONTRIBUTION CONTRIBUTIONS COPYRIGHT CRISIS MANAGEMENT CURRENCY CURRENT ACCOUNT DATA COMMUNICATION DATA SOURCES DEBT DEMOCRATIC SOCIETY DEPOSIT DEREGULATION DEVELOPMENT BANK DEVELOPMENT POLICIES DEVELOPMENT PROCESSES DEVELOPMENT PROJECTS DEVELOPMENT STRATEGIES DEVELOPMENT STRATEGY DIFFERENT INTEREST RATES DIGITAL SUBSCRIBER DIRECT INVESTMENT DISEQUILIBRIUM DISPOSABLE INCOME DISTRIBUTION OF WEALTH DIVERSIFICATION E-MAIL EASE OF USE ECONOMIC DEVELOPMENT ECONOMIC FRAMEWORK ECONOMIC GROWTH ECONOMIC HISTORY ECONOMIC LIBERALIZATION ECONOMIC MANAGEMENT ECONOMIC ORDER ECONOMIC POWER ECONOMIC SECTORS ECONOMIC STRUCTURE ECONOMIC STRUCTURES ECONOMIES OF SCALE EDUCATIONAL DEVELOPMENT EMPLOYMENT OPPORTUNITIES ENGINEERS EQUIPMENT EXCHANGE RATES EXPLICIT KNOWLEDGE EXPORTS FACTORS OF PRODUCTION FAIR TRADE FINANCIAL CRISIS FINANCIAL MARKET FINANCIAL SYSTEM FINANCIAL TRANSACTION FINANCIAL TRANSACTIONS FISCAL MANAGEMENT FISCAL POLICIES FISCAL POLICY FOREIGN COMPETITION FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FREE TRADE GDP GROWTH RATE GDP PER CAPITA GLOBAL ECONOMY GLOBAL KNOWLEDGE GLOBALIZATION GNP GNP PER CAPITA GOVERNMENT EXPENDITURES GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROSS NATIONAL PRODUCT GROWTH POTENTIAL GROWTH RATE HUMAN RESOURCE HUMAN RESOURCES ICT ILLITERACY INCOME INCOME LEVELS INDUSTRIAL DEVELOPMENT INDUSTRIALIZATION INEFFICIENCY INFLATION INFORMATION INFRASTRUCTURE INFORMATION TECHNOLOGY INNOVATION INNOVATION SYSTEMS INSURANCE INTELLECTUAL PROPERTY INTEREST RATE INTERNATIONAL TRADE INVESTING INVESTMENT COMPANIES JOB TRAINING KEY INDUSTRIES KNOWLEDGE CREATION KNOWLEDGE DEVELOPMENT KNOWLEDGE ECONOMY KNOWLEDGE FOR DEVELOPMENT KNOWLEDGE MANAGEMENT KNOWLEDGE REVOLUTION KNOWLEDGE STRATEGIES LABOR FORCE LABOR MARKET LAN LARGE ENTERPRISES LEARNING LICENSES LICENSING LITERACY LOCAL AREA NETWORK LONG-TERM PLANNING LOW INCOME LOW INTEREST RATES LOW-INCOME MACROECONOMIC POLICY MACROECONOMIC STABILIZATION MANUFACTURING MARKETING MATERIAL MATHEMATICS MEDICAL INSURANCE MEDIUM ENTERPRISES MINIMUM WAGE MONETARY POLICIES MONOPOLY NATIONAL ECONOMY NATIONAL INCOME NATURAL RESOURCES NEW TECHNOLOGY OPPORTUNITY COST PATENTS PENSION PENSION SYSTEM PER CAPITA INCOME POLITICAL LEADERSHIP POSITIVE EFFECTS PRICE MECHANISM PRIMARY EDUCATION PRIVATE SAVINGS PROBABILITY PRODUCTION TECHNIQUES PRODUCTIVITY PRODUCTIVITY GROWTH PROGRAMS PURCHASING POWER PURCHASING POWER PARITY QUERIES R&D RAPID GROWTH RAPID INDUSTRIALIZATION RAPID INFLATION REAL GDP REINVESTMENT RESEARCH ASSISTANCE RESEARCH CENTERS RESOURCE ALLOCATION SAVINGS SAVINGS DEPOSITS SAVINGS RATES SCIENTISTS SECURITIES SECURITIES DEALERS SENIOR SERVICE PROVIDERS SKILLED WORKERS SMALL BUSINESS SOCIAL DEVELOPMENT SOCIAL WELFARE STANDARDIZATION STOCK EXCHANGE TECHNICIANS TECHNOLOGY INDUSTRIES TECHNOLOGY POLICY TELECOM TELECOMMUNICATION TELECOMMUNICATIONS TELEPHONE TELEPHONES TELEVISION TOTAL FACTOR PRODUCTIVITY TRADE POLICIES TRADITIONAL ECONOMY UNEMPLOYMENT UNEMPLOYMENT RATE USES VALUABLE VALUE ADDED VALUE CHAINS VENTURE BUSINESS WAGE WAGES WEB WEB SITE WORLD MARKET WORLD TRADE WORLD TRADE ORGANIZATION WORTH WTO
Online Access:	http://documents.worldbank.org/curated/en/2007/01/8340550/korea-knowledge-economy-evolutionary-process-lessons-learned http://hdl.handle.net/10986/6755

id	okr-10986-6755
recordtype	oai_dc
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	ADSL ADULT EDUCATION ADVERSE EFFECTS AGRICULTURE ASYMMETRIC DIGITAL SUBSCRIBER LINE ATM BALANCE OF PAYMENTS BANK LOANS BANKS BENCHMARKING BROADBAND NETWORKS CABLE TELEVISION CAPITAL GOODS CAPITAL REQUIREMENTS CITIES CLIENT COUNTRIES CODE DIVISION MULTIPLE ACCESS COMMODITIES COMMODITY COMMUNICATION TECHNOLOGIES COMMUNICATIONS TECHNOLOGIES COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVE ADVANTAGE COMPETITIVENESS CONSUMER CONSUMER GOODS CONSUMERS CONTRIBUTION CONTRIBUTIONS COPYRIGHT CRISIS MANAGEMENT CURRENCY CURRENT ACCOUNT DATA COMMUNICATION DATA SOURCES DEBT DEMOCRATIC SOCIETY DEPOSIT DEREGULATION DEVELOPMENT BANK DEVELOPMENT POLICIES DEVELOPMENT PROCESSES DEVELOPMENT PROJECTS DEVELOPMENT STRATEGIES DEVELOPMENT STRATEGY DIFFERENT INTEREST RATES DIGITAL SUBSCRIBER DIRECT INVESTMENT DISEQUILIBRIUM DISPOSABLE INCOME DISTRIBUTION OF WEALTH DIVERSIFICATION E-MAIL EASE OF USE ECONOMIC DEVELOPMENT ECONOMIC FRAMEWORK ECONOMIC GROWTH ECONOMIC HISTORY ECONOMIC LIBERALIZATION ECONOMIC MANAGEMENT ECONOMIC ORDER ECONOMIC POWER ECONOMIC SECTORS ECONOMIC STRUCTURE ECONOMIC STRUCTURES ECONOMIES OF SCALE EDUCATIONAL DEVELOPMENT EMPLOYMENT OPPORTUNITIES ENGINEERS EQUIPMENT EXCHANGE RATES EXPLICIT KNOWLEDGE EXPORTS FACTORS OF PRODUCTION FAIR TRADE FINANCIAL CRISIS FINANCIAL MARKET FINANCIAL SYSTEM FINANCIAL TRANSACTION FINANCIAL TRANSACTIONS FISCAL MANAGEMENT FISCAL POLICIES FISCAL POLICY FOREIGN COMPETITION FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FREE TRADE GDP GROWTH RATE GDP PER CAPITA GLOBAL ECONOMY GLOBAL KNOWLEDGE GLOBALIZATION GNP GNP PER CAPITA GOVERNMENT EXPENDITURES GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROSS NATIONAL PRODUCT GROWTH POTENTIAL GROWTH RATE HUMAN RESOURCE HUMAN RESOURCES ICT ILLITERACY INCOME INCOME LEVELS INDUSTRIAL DEVELOPMENT INDUSTRIALIZATION INEFFICIENCY INFLATION INFORMATION INFRASTRUCTURE INFORMATION TECHNOLOGY INNOVATION INNOVATION SYSTEMS INSURANCE INTELLECTUAL PROPERTY INTEREST RATE INTERNATIONAL TRADE INVESTING INVESTMENT COMPANIES JOB TRAINING KEY INDUSTRIES KNOWLEDGE CREATION KNOWLEDGE DEVELOPMENT KNOWLEDGE ECONOMY KNOWLEDGE FOR DEVELOPMENT KNOWLEDGE MANAGEMENT KNOWLEDGE REVOLUTION KNOWLEDGE STRATEGIES LABOR FORCE LABOR MARKET LAN LARGE ENTERPRISES LEARNING LICENSES LICENSING LITERACY LOCAL AREA NETWORK LONG-TERM PLANNING LOW INCOME LOW INTEREST RATES LOW-INCOME MACROECONOMIC POLICY MACROECONOMIC STABILIZATION MANUFACTURING MARKETING MATERIAL MATHEMATICS MEDICAL INSURANCE MEDIUM ENTERPRISES MINIMUM WAGE MONETARY POLICIES MONOPOLY NATIONAL ECONOMY NATIONAL INCOME NATURAL RESOURCES NEW TECHNOLOGY OPPORTUNITY COST PATENTS PENSION PENSION SYSTEM PER CAPITA INCOME POLITICAL LEADERSHIP POSITIVE EFFECTS PRICE MECHANISM PRIMARY EDUCATION PRIVATE SAVINGS PROBABILITY PRODUCTION TECHNIQUES PRODUCTIVITY PRODUCTIVITY GROWTH PROGRAMS PURCHASING POWER PURCHASING POWER PARITY QUERIES R&D RAPID GROWTH RAPID INDUSTRIALIZATION RAPID INFLATION REAL GDP REINVESTMENT RESEARCH ASSISTANCE RESEARCH CENTERS RESOURCE ALLOCATION SAVINGS SAVINGS DEPOSITS SAVINGS RATES SCIENTISTS SECURITIES SECURITIES DEALERS SENIOR SERVICE PROVIDERS SKILLED WORKERS SMALL BUSINESS SOCIAL DEVELOPMENT SOCIAL WELFARE STANDARDIZATION STOCK EXCHANGE TECHNICIANS TECHNOLOGY INDUSTRIES TECHNOLOGY POLICY TELECOM TELECOMMUNICATION TELECOMMUNICATIONS TELEPHONE TELEPHONES TELEVISION TOTAL FACTOR PRODUCTIVITY TRADE POLICIES TRADITIONAL ECONOMY UNEMPLOYMENT UNEMPLOYMENT RATE USES VALUABLE VALUE ADDED VALUE CHAINS VENTURE BUSINESS WAGE WAGES WEB WEB SITE WORLD MARKET WORLD TRADE WORLD TRADE ORGANIZATION WORTH WTO
spellingShingle	ADSL ADULT EDUCATION ADVERSE EFFECTS AGRICULTURE ASYMMETRIC DIGITAL SUBSCRIBER LINE ATM BALANCE OF PAYMENTS BANK LOANS BANKS BENCHMARKING BROADBAND NETWORKS CABLE TELEVISION CAPITAL GOODS CAPITAL REQUIREMENTS CITIES CLIENT COUNTRIES CODE DIVISION MULTIPLE ACCESS COMMODITIES COMMODITY COMMUNICATION TECHNOLOGIES COMMUNICATIONS TECHNOLOGIES COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVE ADVANTAGE COMPETITIVENESS CONSUMER CONSUMER GOODS CONSUMERS CONTRIBUTION CONTRIBUTIONS COPYRIGHT CRISIS MANAGEMENT CURRENCY CURRENT ACCOUNT DATA COMMUNICATION DATA SOURCES DEBT DEMOCRATIC SOCIETY DEPOSIT DEREGULATION DEVELOPMENT BANK DEVELOPMENT POLICIES DEVELOPMENT PROCESSES DEVELOPMENT PROJECTS DEVELOPMENT STRATEGIES DEVELOPMENT STRATEGY DIFFERENT INTEREST RATES DIGITAL SUBSCRIBER DIRECT INVESTMENT DISEQUILIBRIUM DISPOSABLE INCOME DISTRIBUTION OF WEALTH DIVERSIFICATION E-MAIL EASE OF USE ECONOMIC DEVELOPMENT ECONOMIC FRAMEWORK ECONOMIC GROWTH ECONOMIC HISTORY ECONOMIC LIBERALIZATION ECONOMIC MANAGEMENT ECONOMIC ORDER ECONOMIC POWER ECONOMIC SECTORS ECONOMIC STRUCTURE ECONOMIC STRUCTURES ECONOMIES OF SCALE EDUCATIONAL DEVELOPMENT EMPLOYMENT OPPORTUNITIES ENGINEERS EQUIPMENT EXCHANGE RATES EXPLICIT KNOWLEDGE EXPORTS FACTORS OF PRODUCTION FAIR TRADE FINANCIAL CRISIS FINANCIAL MARKET FINANCIAL SYSTEM FINANCIAL TRANSACTION FINANCIAL TRANSACTIONS FISCAL MANAGEMENT FISCAL POLICIES FISCAL POLICY FOREIGN COMPETITION FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FREE TRADE GDP GROWTH RATE GDP PER CAPITA GLOBAL ECONOMY GLOBAL KNOWLEDGE GLOBALIZATION GNP GNP PER CAPITA GOVERNMENT EXPENDITURES GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROSS NATIONAL PRODUCT GROWTH POTENTIAL GROWTH RATE HUMAN RESOURCE HUMAN RESOURCES ICT ILLITERACY INCOME INCOME LEVELS INDUSTRIAL DEVELOPMENT INDUSTRIALIZATION INEFFICIENCY INFLATION INFORMATION INFRASTRUCTURE INFORMATION TECHNOLOGY INNOVATION INNOVATION SYSTEMS INSURANCE INTELLECTUAL PROPERTY INTEREST RATE INTERNATIONAL TRADE INVESTING INVESTMENT COMPANIES JOB TRAINING KEY INDUSTRIES KNOWLEDGE CREATION KNOWLEDGE DEVELOPMENT KNOWLEDGE ECONOMY KNOWLEDGE FOR DEVELOPMENT KNOWLEDGE MANAGEMENT KNOWLEDGE REVOLUTION KNOWLEDGE STRATEGIES LABOR FORCE LABOR MARKET LAN LARGE ENTERPRISES LEARNING LICENSES LICENSING LITERACY LOCAL AREA NETWORK LONG-TERM PLANNING LOW INCOME LOW INTEREST RATES LOW-INCOME MACROECONOMIC POLICY MACROECONOMIC STABILIZATION MANUFACTURING MARKETING MATERIAL MATHEMATICS MEDICAL INSURANCE MEDIUM ENTERPRISES MINIMUM WAGE MONETARY POLICIES MONOPOLY NATIONAL ECONOMY NATIONAL INCOME NATURAL RESOURCES NEW TECHNOLOGY OPPORTUNITY COST PATENTS PENSION PENSION SYSTEM PER CAPITA INCOME POLITICAL LEADERSHIP POSITIVE EFFECTS PRICE MECHANISM PRIMARY EDUCATION PRIVATE SAVINGS PROBABILITY PRODUCTION TECHNIQUES PRODUCTIVITY PRODUCTIVITY GROWTH PROGRAMS PURCHASING POWER PURCHASING POWER PARITY QUERIES R&D RAPID GROWTH RAPID INDUSTRIALIZATION RAPID INFLATION REAL GDP REINVESTMENT RESEARCH ASSISTANCE RESEARCH CENTERS RESOURCE ALLOCATION SAVINGS SAVINGS DEPOSITS SAVINGS RATES SCIENTISTS SECURITIES SECURITIES DEALERS SENIOR SERVICE PROVIDERS SKILLED WORKERS SMALL BUSINESS SOCIAL DEVELOPMENT SOCIAL WELFARE STANDARDIZATION STOCK EXCHANGE TECHNICIANS TECHNOLOGY INDUSTRIES TECHNOLOGY POLICY TELECOM TELECOMMUNICATION TELECOMMUNICATIONS TELEPHONE TELEPHONES TELEVISION TOTAL FACTOR PRODUCTIVITY TRADE POLICIES TRADITIONAL ECONOMY UNEMPLOYMENT UNEMPLOYMENT RATE USES VALUABLE VALUE ADDED VALUE CHAINS VENTURE BUSINESS WAGE WAGES WEB WEB SITE WORLD MARKET WORLD TRADE WORLD TRADE ORGANIZATION WORTH WTO Suh, Joonghae Chen, Derek H. C. Korea as a Knowledge Economy : Evolutionary Process and Lessons Learned
geographic_facet	East Asia and Pacific Korea, Republic of
relation	WBI Development Studies
description	This report on Korea is geared towards policy makers from developing countries that are in the midst of, or are intending to, embark on the transition towards the knowledge economy. It provides pragmatic policy lessons drawn from Korea's forty-five years of knowledge-based growth. This report not only looks at the current policies and challenges of today's high income Korea, but also reviews its historical economic development since the 1960s when Korea was still a low income country. It follows Korea through the decades as it undertook an array of knowledge strategies that propelled it through the various income levels. This report therefore provides compelling policy lessons that are relevant for developing countries at different stages of economic development.
format	Publications & Research :: Publication
author	Suh, Joonghae Chen, Derek H. C.
author_facet	Suh, Joonghae Chen, Derek H. C.
author_sort	Suh, Joonghae
title	Korea as a Knowledge Economy : Evolutionary Process and Lessons Learned
title_short	Korea as a Knowledge Economy : Evolutionary Process and Lessons Learned
title_full	Korea as a Knowledge Economy : Evolutionary Process and Lessons Learned
title_fullStr	Korea as a Knowledge Economy : Evolutionary Process and Lessons Learned
title_full_unstemmed	Korea as a Knowledge Economy : Evolutionary Process and Lessons Learned
title_sort	korea as a knowledge economy : evolutionary process and lessons learned
publisher	Washington, DC: World Bank
publishDate	2012
url	http://documents.worldbank.org/curated/en/2007/01/8340550/korea-knowledge-economy-evolutionary-process-lessons-learned http://hdl.handle.net/10986/6755
_version_	1764398508199116800
spelling	okr-10986-67552021-04-23T14:02:26Z Korea as a Knowledge Economy : Evolutionary Process and Lessons Learned Suh, Joonghae Chen, Derek H. C. ADSL ADULT EDUCATION ADVERSE EFFECTS AGRICULTURE ASYMMETRIC DIGITAL SUBSCRIBER LINE ATM BALANCE OF PAYMENTS BANK LOANS BANKS BENCHMARKING BROADBAND NETWORKS CABLE TELEVISION CAPITAL GOODS CAPITAL REQUIREMENTS CITIES CLIENT COUNTRIES CODE DIVISION MULTIPLE ACCESS COMMODITIES COMMODITY COMMUNICATION TECHNOLOGIES COMMUNICATIONS TECHNOLOGIES COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVE ADVANTAGE COMPETITIVENESS CONSUMER CONSUMER GOODS CONSUMERS CONTRIBUTION CONTRIBUTIONS COPYRIGHT CRISIS MANAGEMENT CURRENCY CURRENT ACCOUNT DATA COMMUNICATION DATA SOURCES DEBT DEMOCRATIC SOCIETY DEPOSIT DEREGULATION DEVELOPMENT BANK DEVELOPMENT POLICIES DEVELOPMENT PROCESSES DEVELOPMENT PROJECTS DEVELOPMENT STRATEGIES DEVELOPMENT STRATEGY DIFFERENT INTEREST RATES DIGITAL SUBSCRIBER DIRECT INVESTMENT DISEQUILIBRIUM DISPOSABLE INCOME DISTRIBUTION OF WEALTH DIVERSIFICATION E-MAIL EASE OF USE ECONOMIC DEVELOPMENT ECONOMIC FRAMEWORK ECONOMIC GROWTH ECONOMIC HISTORY ECONOMIC LIBERALIZATION ECONOMIC MANAGEMENT ECONOMIC ORDER ECONOMIC POWER ECONOMIC SECTORS ECONOMIC STRUCTURE ECONOMIC STRUCTURES ECONOMIES OF SCALE EDUCATIONAL DEVELOPMENT EMPLOYMENT OPPORTUNITIES ENGINEERS EQUIPMENT EXCHANGE RATES EXPLICIT KNOWLEDGE EXPORTS FACTORS OF PRODUCTION FAIR TRADE FINANCIAL CRISIS FINANCIAL MARKET FINANCIAL SYSTEM FINANCIAL TRANSACTION FINANCIAL TRANSACTIONS FISCAL MANAGEMENT FISCAL POLICIES FISCAL POLICY FOREIGN COMPETITION FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FREE TRADE GDP GROWTH RATE GDP PER CAPITA GLOBAL ECONOMY GLOBAL KNOWLEDGE GLOBALIZATION GNP GNP PER CAPITA GOVERNMENT EXPENDITURES GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROSS NATIONAL PRODUCT GROWTH POTENTIAL GROWTH RATE HUMAN RESOURCE HUMAN RESOURCES ICT ILLITERACY INCOME INCOME LEVELS INDUSTRIAL DEVELOPMENT INDUSTRIALIZATION INEFFICIENCY INFLATION INFORMATION INFRASTRUCTURE INFORMATION TECHNOLOGY INNOVATION INNOVATION SYSTEMS INSURANCE INTELLECTUAL PROPERTY INTEREST RATE INTERNATIONAL TRADE INVESTING INVESTMENT COMPANIES JOB TRAINING KEY INDUSTRIES KNOWLEDGE CREATION KNOWLEDGE DEVELOPMENT KNOWLEDGE ECONOMY KNOWLEDGE FOR DEVELOPMENT KNOWLEDGE MANAGEMENT KNOWLEDGE REVOLUTION KNOWLEDGE STRATEGIES LABOR FORCE LABOR MARKET LAN LARGE ENTERPRISES LEARNING LICENSES LICENSING LITERACY LOCAL AREA NETWORK LONG-TERM PLANNING LOW INCOME LOW INTEREST RATES LOW-INCOME MACROECONOMIC POLICY MACROECONOMIC STABILIZATION MANUFACTURING MARKETING MATERIAL MATHEMATICS MEDICAL INSURANCE MEDIUM ENTERPRISES MINIMUM WAGE MONETARY POLICIES MONOPOLY NATIONAL ECONOMY NATIONAL INCOME NATURAL RESOURCES NEW TECHNOLOGY OPPORTUNITY COST PATENTS PENSION PENSION SYSTEM PER CAPITA INCOME POLITICAL LEADERSHIP POSITIVE EFFECTS PRICE MECHANISM PRIMARY EDUCATION PRIVATE SAVINGS PROBABILITY PRODUCTION TECHNIQUES PRODUCTIVITY PRODUCTIVITY GROWTH PROGRAMS PURCHASING POWER PURCHASING POWER PARITY QUERIES R&D RAPID GROWTH RAPID INDUSTRIALIZATION RAPID INFLATION REAL GDP REINVESTMENT RESEARCH ASSISTANCE RESEARCH CENTERS RESOURCE ALLOCATION SAVINGS SAVINGS DEPOSITS SAVINGS RATES SCIENTISTS SECURITIES SECURITIES DEALERS SENIOR SERVICE PROVIDERS SKILLED WORKERS SMALL BUSINESS SOCIAL DEVELOPMENT SOCIAL WELFARE STANDARDIZATION STOCK EXCHANGE TECHNICIANS TECHNOLOGY INDUSTRIES TECHNOLOGY POLICY TELECOM TELECOMMUNICATION TELECOMMUNICATIONS TELEPHONE TELEPHONES TELEVISION TOTAL FACTOR PRODUCTIVITY TRADE POLICIES TRADITIONAL ECONOMY UNEMPLOYMENT UNEMPLOYMENT RATE USES VALUABLE VALUE ADDED VALUE CHAINS VENTURE BUSINESS WAGE WAGES WEB WEB SITE WORLD MARKET WORLD TRADE WORLD TRADE ORGANIZATION WORTH WTO This report on Korea is geared towards policy makers from developing countries that are in the midst of, or are intending to, embark on the transition towards the knowledge economy. It provides pragmatic policy lessons drawn from Korea's forty-five years of knowledge-based growth. This report not only looks at the current policies and challenges of today's high income Korea, but also reviews its historical economic development since the 1960s when Korea was still a low income country. It follows Korea through the decades as it undertook an array of knowledge strategies that propelled it through the various income levels. This report therefore provides compelling policy lessons that are relevant for developing countries at different stages of economic development. 2012-05-31T16:07:11Z 2012-05-31T16:07:11Z 2007 http://documents.worldbank.org/curated/en/2007/01/8340550/korea-knowledge-economy-evolutionary-process-lessons-learned 978-0-8213-7201-2 http://hdl.handle.net/10986/6755 English en_US WBI Development Studies CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication East Asia and Pacific Korea, Republic of

Korea as a Knowledge Economy : Evolutionary Process and Lessons Learned

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