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OECD Reviews of Innovation Policy
OECD Reviews of Innovation Policy: Korea 2009
OECD Publishing , Publication date:  31 Jul 2009
Pages: 268 , Language: English
Version: Print (Paperback) + PDF
ISBN: 9789264067226 , OECD Code: 922009041P1
Price:   €50 | $67 | £42 | ¥6200 | MXN900 , Standard shipping included!
Availability: Available (Print on Demand)
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Other Versions:  E-book - PDF Format

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This report assesses the current status of Korea’s innovation system and policies, and identifies where and how the government should focus its efforts to improve the country’s innovation capabilities. It finds that Korea has one of the highest rates of spending on R&D in the world, much of which is performed by private firms. It also has a highly educated labour force – as signalled by its impressive PISA performance and exceptionally high rates of tertiary level graduation – with a strong interest in science and technology.

However, a number of bottlenecks persist that hamper Korea’s economic convergence with the leading OECD economies. These include a relatively weak SME sector and weak performance in services, as well as lagging capacities to conduct leading-edge research in many areas. Furthermore, Korea faces numerous threats in the mid term, notably increased levels of competition from China and other newly-industrialising economies, the lowest fertility rate in the OECD and an ageing society, and a continuing high dependency on imports of natural resources, particularly hydrocarbons. In the shorter term, the economic crisis offers its own challenges, with the need for some policy adjustments to deal with expected falls in business investment in R&D and growing levels of unemployment among the highly skilled.

Table of contents:

-Introduction: Korean Innovation Policy in a Time of Economic Crisis
-Overall Assessment and Recommendations
Chapter 1. Performance and Framework Conditions for Innovation
-Macroeconomic Performance
-Structural Features
-Framework Conditions for Innovation
-Performance in Science, Technology and Innovation
Chapter 2. Main Features of the Innovation System
-Large National Firms
-SMES and New Technology-Based Firms
-Government Research Institutes
-Higher Education Institutions
-Human Capital
-System Linkages
Chapter 3. Government Innovation Policy
-Introduction to Korean Innovation Policy
-Policy-Making Institutions
-STI Policy and Governance
-Research Funding
-HRST Policy
-Knowledge Diffusion and Linkages
-Improving the Framework Conditions for Innovation
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