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 R&D, market-based economic
policies that reflect the government'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.
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