Korea and the Knowledge-Based Economy: Making the Transition As an input to Korea's efforts to revise the country's development strategy, the OECD and the World Bank have prepared a joint review of the challenges confronting Korea in its transition to a knowledge-based economy. The report proposes a four-pronged framework which will empower Korea to effectively tap into technology advances and the growing stock of knowledge: - An economic and institutional regime that provides incentives for the efficient use of existing knowledge, for the creation of new knowledge, for the dismantling of obsolete activities and for the start-up of more efficient new ones. - An educated and entrepreneurial population that can both cre...
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