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Introduction: The Challenge of Innovation and Technology for Korea as a Newly Advanced Economy Revisited

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Abstract

Six years ago, we started a project to look into the evolution of the Republic of Korea’s innovation and technology system that eventually led to the publication of a well-received book (Mahlich and Pascha 2007). In September 2009, we held a second conference at the Austrian Federal Economic Chamber in Vienna. By this time, it had become ever more obvious that Korea had indeed established itself internationally as a formidable newly advanced economy (NAE), having passed a “baptism of fire” by overcoming the global financial crisis with notable speed and effectiveness. The international community acknowledged this maturing of Korea by entrusting it with the chairing of the important G-20 meeting in late 2010.

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Notes

  1. 1.

    Of course, this programme, both in terms of its background and its duration, goes well beyond its role as an anti-crisis fiscal response measure.

  2. 2.

    For a more thorough analysis of the green growth programme, see the contribution of Greg Scarlatoiu in this volume.

  3. 3.

    For the issue of whether all officially labelled “basic research” in Korea can truly be considered basic in the traditional sense, see the contribution of Michael Keenan in this volume.

  4. 4.

    This is the topic of another book in this series on the modern Korean economy as part of the Strategic Initiative for Korean Studies of the Academy of Korean Studies (Seliger and Pascha eds 2011).

  5. 5.

    You can view a motion graph for this period and highlight the data for Korea at http://royalsociety.org/knowledge-networks-nations-graph/ (accessed in March 2011).

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© 2012 Springer-Verlag Berlin Heidelberg

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Mahlich, J., Pascha, W. (2012). Introduction: The Challenge of Innovation and Technology for Korea as a Newly Advanced Economy Revisited. In: Mahlich, J., Pascha, W. (eds) Korean Science and Technology in an International Perspective. Physica, Heidelberg. https://doi.org/10.1007/978-3-7908-2753-8_1

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