Korea as a Knowledge Economy
This presentation is the property of its rightful owner.
Sponsored Links
1 / 16

©Knowledge for Development, WBI PowerPoint PPT Presentation


  • 85 Views
  • Uploaded on
  • Presentation posted in: General

Korea as a Knowledge Economy. Bruno A. Laporte The Knowledge for Development (K4D) Program. The World Bank. ©Knowledge for Development, WBI. Knowledge Economy Report on Korea. Korea as a Knowledge Economy: Evolutionary Process and Lessons Learned

Download Presentation

©Knowledge for Development, WBI

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Knowledge for development wbi

Korea as a Knowledge Economy

Bruno A. Laporte

The Knowledge for Development (K4D) Program

The World Bank

©Knowledge for Development, WBI


Knowledge economy report on korea

Knowledge Economy Report on Korea

  • Korea as a Knowledge Economy: Evolutionary Process and Lessons Learned

    • Second World Bank Institute knowledge economy report on Korea

    • Targeted at policymakers of developing countries

    • Jointly produced with the Korea Development Institute

    • In addition to WBI staff, 10 Korean authors from KDI, KISDI, Ewha Womens University, KEDI, STEPI contributed to the report

©Knowledge for Development, WBI


Knowledge economy report on korea1

Knowledge Economy Report on Korea

  • Why is Korea an exemplary knowledge economy?

    • Rapid and sustained economic growth rates over the past 45 years

    • Economic growth was predominantly driven by productivity growth

    • Utilized knowledge-based development strategies to move the economy through the various stages of economic development

©Knowledge for Development, WBI


Korea real gdp per capita

Korea - Real GDP Per Capita

©Knowledge for Development, WBI


Knowledge economic growth

Knowledge & Economic Growth

©Knowledge for Development, WBI


Knowledge for development wbi

Knowledge Economy Framework

  • A Knowledge Economy

    • Uses knowledge as a key engine of growth

    • Knowledge is acquired, created, disseminated, used to enhance economic development

  • KE Framework

    • A conducive economic incentive and institutional regime

    • An educated and skilled labor force

    • An effective innovation system

    • A modern and adequate information infrastructure

Knowledge for Development Program (K4D) 2006


Knowledge for development wbi

Interconnected

Interdependent

Knowledge Economy Framework

Provides incentives for the efficient creation,

dissemination,

and use of

existing

knowledge

Necessary for the creation and effective use of knowledge

Economic and Institutional Regime

Education

Information Infrastructure

Innovation

Effective system

of firms, research

centers, universities

that can tap into

global knowledge,

assimilate and adapt it

and create local knowledge

To facilitate

the effective

communication,

dissemination,

and processing

of information


Knowledge for development wbi

Knowledge Assessment Methodology

  • Internet-based benchmarking tool

    • www.worldbank.org/wbi/kam

  • Developed by the K4D Program

  • Based on the KE framework; provides basic assessment of KE readiness

  • Comparisons performed on the basis of 80 structural and qualitative variables

  • All variables are normalized to take values from 0 (weakest) to 10 (strongest)

Knowledge for Development Program (K4D) 2006


Knowledge for development wbi

KAM: Knowledge Indexes

Knowledge Economy Index (KEI)

Knowledge Index (KI)

Economic Incentive and Institution Regime Index

ICT Index

Education Index

Innovation Index

  • Tariff & Nontariff Barriers

  • Regulatory Quality

  • Rule of Law

  • Telephones

  • Computers

  • Internet Users

  • Adult Literacy Rate

  • Secondary Enrollment

  • Tertiary Enrollment

  • R&D Researchers

  • Patent Count

  • Journal Articles


Knowledge for development wbi

KAM: Basic Scorecard

© K4D program


Knowledge for development wbi

KAM: Basic Scorecard

© K4D program


Knowledge for development wbi

KAM : Knowledge Economy Index

Korea KEI = 7.48

© K4D program


Knowledge for development wbi

Information Infrastructure

© K4D program


Knowledge for development wbi

Policy Lessons

  • Knowledge-based development strategies

    • Leads to increased productivity

    • Sustained economic growth

  • Gradual investment in the KE pillars

    • Complementarities and coordination between pillars

    • Pace and level of investment synchronized with stage of economic development

  • Knowledge economic approach relevant for any stage of economic development

Knowledge for Development Program (K4D) 2006


Knowledge for development wbi

Policy Lessons

  • Market-Based Approach

    • Necessary for competitive forces that induce efficiency

    • Successful government policies complemented and facilitated the functioning of the market

  • Export-led industrialization

    • Korean industries had to invest in R&D to improve productivity to compete in the global market

Knowledge for Development Program (K4D) 2006


Knowledge for development wbi

Policy Lessons

  • Pivotal Role of Government

    • Strong government leadership

    • Role evolved over time together with needs of economy

  • Top-down and Bottom-up approach

    • Necessary to build national consensus

Knowledge for Development Program (K4D) 2006


  • Login