The Innovative Platform Programme in South Korea: Economic Policies in Innovation-Driven Growth
After several decades of rapid development, South Korea has recently experienced a critical economic downturn. The paper considers the prerequisites for the current state-of-the-art, as well as the new economic policy agenda aimed at fostering innovation in various sectors, thereby suggesting impro...
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| Format: | Article |
| Language: | English |
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National Research University Higher School of Economics
2019-09-01
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| Series: | Foresight and STI Governance |
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| Online Access: | https://foresight-journal.hse.ru/article/view/19211 |
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| _version_ | 1849320023919689728 |
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| author | Seong Soo Kim Yo Sop Choi |
| author_facet | Seong Soo Kim Yo Sop Choi |
| author_sort | Seong Soo Kim |
| collection | DOAJ |
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After several decades of rapid development, South Korea has recently experienced a critical economic downturn. The paper considers the prerequisites for the current state-of-the-art, as well as the new economic policy agenda aimed at fostering innovation in various sectors, thereby suggesting improved policy directions. To implement the innovation-driven policy, the Korean government produced the framework for the Innovative Platform Programme (IPP), which covers a wide range of sectors related to Industry 4.0 like artificial intelligence and blockchain. For the IPP to be successful, the authors believe, it is vital to understand and resolve the trade-offs between contradictory policy priorities — innovation-led growth, income-led growth, and a fair economy.
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| format | Article |
| id | doaj-art-4e7f5bcb42184e0ca09a3730905724bf |
| institution | Kabale University |
| issn | 2500-2597 |
| language | English |
| publishDate | 2019-09-01 |
| publisher | National Research University Higher School of Economics |
| record_format | Article |
| series | Foresight and STI Governance |
| spelling | doaj-art-4e7f5bcb42184e0ca09a3730905724bf2025-08-20T03:50:16ZengNational Research University Higher School of EconomicsForesight and STI Governance2500-25972019-09-0113310.17323/2500-2597.2019.3.13.22The Innovative Platform Programme in South Korea: Economic Policies in Innovation-Driven GrowthSeong Soo Kim0Yo Sop Choi1Hankuk University of Foreign Studies, Imun-ro 107, Dongdaemun-gu, Seoul, South Korea, 02450Hankuk University of Foreign Studies, Imun-ro 107, Dongdaemun-gu, Seoul, South Korea, 02450 After several decades of rapid development, South Korea has recently experienced a critical economic downturn. The paper considers the prerequisites for the current state-of-the-art, as well as the new economic policy agenda aimed at fostering innovation in various sectors, thereby suggesting improved policy directions. To implement the innovation-driven policy, the Korean government produced the framework for the Innovative Platform Programme (IPP), which covers a wide range of sectors related to Industry 4.0 like artificial intelligence and blockchain. For the IPP to be successful, the authors believe, it is vital to understand and resolve the trade-offs between contradictory policy priorities — innovation-led growth, income-led growth, and a fair economy. https://foresight-journal.hse.ru/article/view/19211fourth industrial revolutionSouth KoreaInnovative Platform Programmeinnovation-driven growthincome-led growtheconomic regulation |
| spellingShingle | Seong Soo Kim Yo Sop Choi The Innovative Platform Programme in South Korea: Economic Policies in Innovation-Driven Growth Foresight and STI Governance fourth industrial revolution South Korea Innovative Platform Programme innovation-driven growth income-led growth economic regulation |
| title | The Innovative Platform Programme in South Korea: Economic Policies in Innovation-Driven Growth |
| title_full | The Innovative Platform Programme in South Korea: Economic Policies in Innovation-Driven Growth |
| title_fullStr | The Innovative Platform Programme in South Korea: Economic Policies in Innovation-Driven Growth |
| title_full_unstemmed | The Innovative Platform Programme in South Korea: Economic Policies in Innovation-Driven Growth |
| title_short | The Innovative Platform Programme in South Korea: Economic Policies in Innovation-Driven Growth |
| title_sort | innovative platform programme in south korea economic policies in innovation driven growth |
| topic | fourth industrial revolution South Korea Innovative Platform Programme innovation-driven growth income-led growth economic regulation |
| url | https://foresight-journal.hse.ru/article/view/19211 |
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