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Creating Korea's future economy : innovation, growth, and Korea-US economic relations

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Title:Creating Korea's future economy : innovation, growth, and Korea-US economic relations
Authors:Connell, Sean
LC Subject Headings:Economic development - Korea (South)
Technological innovations -Government policy -Korea (South)
Korea (South) - Foreign economic relations - United States
United States - Foreign economic relations - Korea (South)
Date Issued:Jan 2014
Publisher:Honolulu, HI: East-West Center
Series:AsiaPacific issues ; no. 111
Abstract:The Korean government's "creative economy" agenda reflects growing consensus that Korea's future growth and prosperity depends on its ability to become a global leader in developing and commercializing innovative new products, services, and business models. To succeed, the Korean government must address regulatory, structural, educational, and cultural obstacles that have constrained Korea's ability to fully utilize its innovative capacities. This new emphasis on innovation brings Korea into closer alignment with the United States, which has long focused on innovation in its growth strategies. Moreover, it comes during the early stages of implementation of the US-Korea Free Trade Agreement (KORUS), which intersects with important areas of Korea's innovation framework policies. Policymakers, businesses, and researchers in both countries should examine potential new opportunities to increase cooperation around initiatives aimed at fostering innovation and growth, both within the bilateral context and at a global level.
Description:For more about the East-West Center, see
Pages/Duration:8 p.
Appears in Collections: AsiaPacific Issues

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