Role of Science and Technology for Economic Development
- Slides: 24
Role of Science and Technology for Economic Development in Korea March, 2016 Chung Heuk-Jin Mongolian University of Science and Technology © Se Jung YONG, Tandem Dean of So. BE, Arsi Univ. , Nov. 12, 2015
Role of Science and Technology for Economic Development in Korea Contents © Se Jung YONG, Tandem Dean of So. BE, Arsi Univ. , Nov. 12, 2015
IV Conclusion © Se Jung YONG, Tandem Dean of So. BE, Arsi Univ. , Nov. 12, 2015
Seoul after the Korean war in 1950
Present Seoul, Capital City of Korea in 2010
Se Jung YONG, Tandem Dean of So. BE, Arsi Univ. , Nov. 12, 2015
Key Success Factor 1: Industrialization © Se Jung YONG, Tandem Dean of So. BE, Arsi Univ. , Nov. 12, 2015
Trend of Industrial Structure Change Note: 1) Ratio of Manufacturing Industry to GDP 2) Ratio of Heavy Manufacturing Industry to Manufacturing Industry Source: Bank of Korea, National Accounting, , Kim Chuk Kyo(2012), p. 177 © Se Jung YONG, Tandem Dean of So. BE, Arsi Univ. Nov. 12, 2015
© Se Jung YONG, Tandem Dean of So. BE, Arsi Univ. Nov. 12, 2015
Knowledge Industry Heavy And Chemical Industry © Se Jung YONG, Tandem Dean of So. BE, Arsi Univ. , Nov. 12, 2015
Key Success Factor 3: Changing Role of Government 1950 years 19601970 1980 199020002014 © Se Jung YONG, Tandem Dean of So. BE, Arsi Univ. , Nov. 12, 2015
Key Success Factor 4: Outward-looking Development Strategy Domestic Market
Korean Trade Trend © Se Jung YONG, Tandem Dean of So. BE, Arsi Univ. , Nov. 12, 2015
III. Technology Acquisition and Development Underdeveloped Countries: Korea, Taiwan, ect. Labor Intensive Lowtech Products Export Import Industrialized Countries: US, Japan, EU, Capital Intensive High-tech Products: Capital Goods, Technology © Se Jung YONG, Tandem Dean of So. BE, Arsi Univ. , Nov. 12, 2015
Import Substitution by Market Pull Chain Effect of Export to Import Substitution: Textile Industry Case 5 - present 1970 -1980 Chemical dustry 3. Fiber Industry High Tech Capital Intensive 1965 -1975 2. Fabric Industry 1960 -1970 1. Garment Industry Low Tech Labor Intensive Korean Industrialization depended on not only Export Oriented Policy but also Import Substitution Policy © Se Jung YONG, Tandem Dean of So. BE, Arsi Univ. , Nov. 12, 2015
Technological Hurdle for Structural Change 1996 -2014 Innovation Entrepreneurship Global Market 1974 -1995 Hurdle Technology Capital 1962 -1973 Market Hurdle Low Income Country Middle Income Country High Income © Se Jung YONG, Tandem Dean of So. BE, Arsi Univ. , Nov. 12, 2015
Learning by Formal Technology Transfer © Se Jung YONG, Tandem Dean of So. BE, ASTU,
Technology Trade © Se Jung YONG, Tandem Dean of So. BE, Arsi Univ. , Nov. 12, 2015
IV. R&D and Innovation INPUT NIS: R&D Activities OUTPUT Innovation, Commercialization EFFECT © Se Jung YONG, Tandem Dean of So. BE, ASTU, Economy Development
R&D in OECD and Key Partner Countries, 2011 Y: Researchers per thousand employment © Se Jung YONG, Tandem Dean of So. BE, Arsi Univ. , Nov. 12, 2015
Bloomberg Innovation Index (2015 Ranking) Manufacturing Industry Development © Se Jung YONG, Tandem Dean of So. BE, Arsi Univ. , Nov. 12, 2015
R&D Expenditure © Se Jung YONG, Tandem Dean of So. BE, Arsi Univ. , Nov. 12, 2015