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Manufacturing Digitalization in the U.S. and Its Policy Implications for Korea

Author

Listed:
  • Kim, Inchul

    (Korea Institute for Industrial Economics and Trade)

  • Cho, Jaehan

    (Korea Institute for Industrial Economics and Trade)

  • Jung, Sunin

    (Korea Institute for Industrial Economics and Trade)

  • Kim, Hanhin

    (Korea Institute for Industrial Economics and Trade)

  • Atkinson, Robert

    (Information Technology and Innovation Foundation)

  • Ezell, Stephen

    (Information Technology and Innovation Foundation)

Abstract

The purpose of this report is twofold. First, to describe the digitalization of modern manufacturing and U.S. businesses' adoption of digital technologies and identify the implications for policy carried by these trends. And second, to provide recommendations for competition policy in Korea informed by business and policy experiences of technologically advanced countries. The work suggests the following specific policy recommendations targeting the Korean manufacturing sector: SMEs digitalization support programs, funding to equipment and technology upgrades, public-private partnership for digital manufacturing, cybersecurity, digital manufacturing supply chains, capital access for digital innovation, and digital manufacturing skills/education.

Suggested Citation

  • Kim, Inchul & Cho, Jaehan & Jung, Sunin & Kim, Hanhin & Atkinson, Robert & Ezell, Stephen, 2018. "Manufacturing Digitalization in the U.S. and Its Policy Implications for Korea," Occasional Papers 18/1, Korea Institute for Industrial Economics and Trade.
    • Handle: RePEc:ris:kietop:2018_001
    as

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    More about this item

    Keywords

    innovation; innovation policy; competition; competitiveness; competition policy; digital technology; technology policy; Industry 4.0; fourth industrial revolution; 4IR; manufacturing; Korea; US; digitalization; industrial policy; industrial strategy; SMEs; small and medium-sized enterprises; supply chains; education; digital skills;
    All these keywords.

    JEL classification:

    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • M53 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Training
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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