Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/45072
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dc.contributor.authorLee, Keunen_US
dc.date.accessioned2010-02-18en_US
dc.date.accessioned2011-04-26T07:40:19Z-
dc.date.available2011-04-26T07:40:19Z-
dc.date.issued2009en_US
dc.identifier.isbn978-92-9230-205-4en_US
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_US
dc.language.isoengen_US
dc.publisher|aUNU-WIDER |cHelsinkien_US
dc.relation.ispartofseries|aResearch paper / UNU-WIDER |x2009.34en_US
dc.subject.jelO10en_US
dc.subject.jelO20en_US
dc.subject.jelO53en_US
dc.subject.ddc330en_US
dc.subject.keywordKoreaen_US
dc.subject.keyworddevelopmenten_US
dc.subject.keywordcatch-upen_US
dc.subject.keywordrole modelen_US
dc.subject.keywordcapabilitiesen_US
dc.subject.stwEntwicklungen_US
dc.subject.stwEntwicklungskonvergenzen_US
dc.subject.stwSüdkoreaen_US
dc.titleHow can Korea be a role model for catch-up development? A 'capability-based view'en_US
dc.typeWorking Paperen_US
dc.identifier.ppn601792939en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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