Can Korea realize its dream of matching the economic performance of the G-7 nations in the next 15 years? The marshalling of capital, and dedicated, low-cost labor by authoritarian governments in the past created double-digit economic growth based on imported technology. How can Korea's young democracy, fledgling science, and liberalizing policies compete against a new level of global competition? Korea must build its research capability, accelerate the development of smaller, high-tech firms, and reduce bureaucratic conflict in support of an innovation-based strategy. This book puts Korea's technological challenge in its historical context, documents the reasons past strategies are no longer viable, and presents a blueprint for the next stage in Korean development. Korean economy is one of the most exciting and dynamic ones in the world. Korea finds itself in the position of being regarded as respected competition by nations and firms which earlier regarded it only as a source of low-cost, high-quality production. As the economy has slowed, the Korean government and private sector have faced the challenge of making a change in strategy in regard to its approach to technology, and how the economy is to be managed. This analysis of where Korea has been and how it will deal with technology and economic management is conducted by prominent Korean and American scholars.

Branscomb's principal theme is that the benefits of science do not flow freely out of the laboratory; rather, superior advances come into our lives because people - in industry, universities, and government - anticipate the future and cooperate to achieve desirable ends. "Technology", says Branscomb, "is an expression of the values of the society that creates and uses it". Branscomb takes us on a tour of emerging information technologies - computer software, electronic libraries, video disks, and the information "superhighway" - always exploring the way people are affected. He asks, "How can a democratic society bring the culture and values of science to the wise management of the technologies that shape our lives?" This is a searching odyssey by one of the nation's most astute navigators along the paths taken by science and technology since the Second World War. Share his vision of how we can use both science and politics to improve the prospects for humankind.

In the wake of 9/11 and Hurricane Katrina, executives and policymakers are motivated than ever to reduce the vulnerability of social and economic systems to disasters. Most prior work on critical infrastructure protection has focused on the responsibilities and actions of government rather than on those of the private sector firms that provide most vital services. Seeds of Disaster, Roots of Response is the first systematic attempt to understand how private decisions and operations affect public vulnerability. It describes effective and sustainable approaches both business strategies and public policies to ensure provision of critical services in the event of disaster. The authors are business leaders from multiple industries and experts in fields as diverse as risk analysis, economics, engineering, organization theory and public policy. The book shows the necessity of deeply rooted collaboration between private and public institutions, and the accountability and leadership required to go from words to action.

In the wake of 9/11 and Hurricane Katrina, executives and policymakers are motivated than ever to reduce the vulnerability of social and economic systems to disasters. Most prior work on critical infrastructure protection has focused on the responsibilities and actions of government rather than on those of the private sector firms that provide most vital services. Seeds of Disaster, Roots of Response is the first systematic attempt to understand how private decisions and operations affect public vulnerability. It describes effective and sustainable approaches both business strategies and public policies to ensure provision of critical services in the event of disaster. The authors are business leaders from multiple industries and experts in fields as diverse as risk analysis, economics, engineering, organization theory and public policy. The book shows the necessity of deeply rooted collaboration between private and public institutions, and the accountability and leadership required to go from words to action.

Lewis Branscomb and Philip Auerswald address early-stage, high-tech innovation in the context of business decision making and innovation policy. How do technology innovators, business executives, and venture capitalists manage the technical elements of business risk when developing and launching new products? Overcoming technical risks requires crossing the so-called valley of death-the gap between demonstrating the soundness of a technical concept in a controlled setting and readying the product technology for the market. Crossing the valley of death may mean bringing university-based research to the point where it appears viable to venture capitalists, or bridging the cultural gap between technical innovators and the managers who are being asked to risk their institutional resources. In every context, purely technical risks are coupled with the market risks inherent in innovation. In this book Lewis Branscomb and Philip Auerswald address early-stage, high-tech innovation in the context of business decision making and innovation policy. The topics addressed include the extent to which purely technical risk is separable from market risk; how industrial managers make decisions on funding early-stage, high-risk technology projects; and under what circumstances government can and should act to reduce the technical risks of innovative projects so that firms will invest in them. The book includes contributions by Mary Good, George Hartmann, James McGroddy, Mike Myers, Michael Roberts, and F. M. Scherer.