body bg

Inform-Banner

Regional innovation strategies in the knowledge-based economy

  • Year: 2001
  • Author: Park, Sam Ock
  • Journal Name: GeoJournal
  • Journal Number: Vol.53, No.1
  • Publisher: Springer Science & Business Media
  • Published Location: Wiesbaden, Netherlands
  • Country: South Korea

This paper aims to examine major regional innovation strategies for regional development in the knowledge-based economy in Korea. Innovation policy and Regional Innovation Systems (RIS) are becoming important issues in Korea in both national and regional perspectives. These issues have been evolving since the mid 1990s, especially since the financial crisis of 1997 in Korea. Five major policy issues for promoting innovation and regional competitiveness are examined in this paper. The major policy issues are: promoting region-specific clustering; building habitats for innovation and entrepreneurship; collective learning processes and innovation networks; building a stock of social capital; and promoting local and global networks. Several strategies are suggested for each of these policy issues. These major policy issues and related strategies for regional innovation and competitiveness can be regarded as common issues required for the successful development of RIS. Taking these basic policy issues into account, each region can develop their own region-specific RIS, with appropriate consideration of distinctive regional characteristics such as the level of development, industrial specialization, local labor market, local business climate, local financial system, etc.

Related Items

Handbook of Regional Innovation and Growth

Today, economic growth is widely understood to be conditioned by productivity increases which are,...

Challenging the Creative Class: Innovation, 'Creative Regions' and Community Development

Richard Florida's theory of the 'creative class', new regionalism's emphasis on regional networks...

Share this with your friends

Footer Logo

Contact Us

Level 2, 53 Blackall Street
Barton ACT 2600
AUSTRALIA
Telephone: 02 6260 3733
or email us