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Can Newly Industrializing Economies Catch Up in the Science-Based Industries? A Study of the Korean Biotechnology Sector

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Issue Date
2007
Publisher
A B Academic Publishers
Citation
The Journal of Interdisciplinary Economics, 18, 177-201
Keywords
National innovation systemBiotechnologyKoreaR&D policies
Abstract
This paper analyzes the Korean biotechnology sector with an analytical framework of
National Innovation System (NIS). We examine whether newly industrializing economies
(NIEs) can catch up with advanced economies in newly-emerging, knowledge-intensive
industries such as biotechnology. We demonstrate that Korea is emerging as a key player
in the global biotechnology scene in terms of R&D activities, catching up with other
advanced countries, such as Japan, and keeping pace with regional competitors like
Taiwan, Singapore and China. While the substantial increase in innovation capabilities
lends support to the plausibility of the catching-up view, we also find that improvements
and adaptations need to be made in transferring knowledge effectively from public to
private sector and in commercializing biotechnology with the institutional support of private funding. Our study highlights the mechanisms by which collective competence of
managing knowledge creation and diffusion is facilitated in a developing economy.
ISSN
0260-1079
Language
English
URI
https://hdl.handle.net/10371/62357
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College of Business Administration/Business School (경영대학/대학원)Dept. of Business Administration (경영학과)Journal Papers (저널논문_경영학과)
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