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How Can Korea be a Role Model for Catch-up Development?: A 'Capability-based View'

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  • Keun Lee

Abstract

There is some scepticism about Korea as role model of development as the Korean model involved a considerable degree of state activism, unacceptable in today's global environment. This paper propose a 'capability-based view' of the country's catch-up development, arguing that the real lesson from Korea is not the role of government but the fact that it was able to strengthen the capability of firms, thus inducing sustained growth for several decades.

Suggested Citation

  • Keun Lee, 2009. "How Can Korea be a Role Model for Catch-up Development?: A 'Capability-based View'," WIDER Working Paper Series RP2009-34, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:rp2009-34
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    References listed on IDEAS

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    More about this item

    Keywords

    Economic policy (Business enterprises); Economic development; Economic policy; Structural adjustment (Economic policy); Foreign exchange; International trade; Management (Technological innovations);
    All these keywords.

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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