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 o