Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/45072 
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dc.contributor.authorLee, Keunen
dc.date.accessioned2010-02-18-
dc.date.accessioned2011-04-26T07:40:19Z-
dc.date.available2011-04-26T07:40:19Z-
dc.date.issued2009-
dc.identifier.isbn978-92-9230-205-4en
dc.identifier.urihttp://hdl.handle.net/10419/45072-
dc.description.abstractThere is some scepticism about Korea as role model of development as the Korean model involved a considerable degree of state activism, unacceptable in today's global environment. This paper propose a capability-based view of the country's catch-up development, arguing that the real lesson from Korea is not the role of government but the fact that it was able to strengthen the capability of firms, thus inducing sustained growth for several decades. This paper points to the mid 1980s as the critical juncture in this process of capability-building, as the Korea emphasized in-house R&D in private sectors, pushing the aggregate R&D/GDP ratio to the threshold level of 1 per cent or more. This led to another core aspect of the Korean model-continuous upgrading within the same industries as well as advancing successive entries into new promising industries. The paper argues that without capability-building, devaluation or standard trade liberalization alone cannot bring sustained catch-up as these often result in short-run, albeit temporary, export booms. The study analyses how Korea utilized various access modes to learning and knowledge to enhance its technological capabilities, and concludes with a discussion of the transferability of the Korean lessons to other countries.en
dc.language.isoengen
dc.publisher|aThe United Nations University World Institute for Development Economics Research (UNU-WIDER) |cHelsinkien
dc.relation.ispartofseries|aWIDER Research Paper |x2009/34en
dc.subject.jelO10en
dc.subject.jelO20en
dc.subject.jelO53en
dc.subject.ddc330en
dc.subject.keywordKoreaen
dc.subject.keyworddevelopmenten
dc.subject.keywordcatch-upen
dc.subject.keywordrole modelen
dc.subject.keywordcapabilitiesen
dc.subject.stwEntwicklungen
dc.subject.stwEntwicklungskonvergenzen
dc.subject.stwSüdkoreaen
dc.titleHow can Korea be a role model for catch-up development? A 'capability-based view'-
dc.typeWorking Paperen
dc.identifier.ppn601792939en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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