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The Place of R&D and Education Policies in South Korea’s Economic Development

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  • Aslı KAVURMACI

    (Istanbul University, Faculty of Industrial Relation and Labor Economics and Lecturer at Bandirma Onyedi Eylül University, Bandırma, Balıkesir)

Abstract

Undoubtedly, one of the influential factors in the economic development of a country is its educated and skilled human resources. A meaningful relationship between education and level of development has required countries to determine a national science and technology policy. In this context, it would not be wrong to argue that increased intellectual capital, high numbers of published scientific articles, number of patents set in universities and research centers, and expenditures of R&D affect the level of a country’s development in terms of intellectual context. Aiming to create a qualified workforce with the guidance of technology and education, Korea puts this goal into practice by following the innovations in all education levels from primary education to university level and by giving priority to these innovations in most cases. Briefly, the aim of this study is to emphasize that education and R&D policies have been an important driving force behind Korea’s development.

Suggested Citation

  • Aslı KAVURMACI, 2018. "The Place of R&D and Education Policies in South Korea’s Economic Development," Journal of Social Policy Conferences, Istanbul University, Faculty of Economics, vol. 0(74), pages 51-64, June.
    • Handle: RePEc:ist:iujspc:v:0:y:2018:i:74:p:51-64
    DOI: 10.26650/jspc.2018.74.0003
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