Korean Science and Technology in an International Perspective

Korean Science and Technology in an International Perspective

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South Korea has attained spectacular economic success in recent decades. It has reached the status of a Newly Advanced Economy, with challenges increasingly mirroring those faced by other advanced economies. These include the necessary upgrading of the labor force, the frictions of switching to a national system of innovation adapted to leadership in RaD, market-based economic policies that reflect the governmenta€™s difficulties in foreseeing future technological developments, and the consequences of social change for the innovation system and policy-making. In the forthcoming book the parallel challenges for innovation and technology for the Republic of Korea and other advanced economies will be analyzed more thoroughly with an international perspective in mind. This comparison and international benchmarking will allow policy makers and scholars to better appreciate how much the country has already moved into the circle of globally leading economies and what can be done to consolidate and strengthen its position.It has revised laws related to financial markets and provided funds to be injected into venture capital investment funds. For example, to build a foundation for the stable growth of venture capital, the SMBA created a Fund of Funds of around KRW1trillion (for the period 2005a€“2009) for financing ... The OECDa#39;s Frascati Manual distinguishes between basic research, applied research, and experimentalanbsp;...

Title:Korean Science and Technology in an International Perspective
Author:Jörg Mahlich, Werner Pascha
Publisher:Springer Science & Business Media - 2012-01-05


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