Recent discourse about the fourth industrial revolution has revealed several issues in Korea, suggesting the need for fundamental changes in the industrial structure and higher education systems, which can prepare Korea for potential periods of technological unemployment. For example, labour expenses in Korea are predicted to be rapidly reduced if…

Contributions from and innovation in science and technology over many decades have resulted in dramatic improvements to American lives, including enhanced living standards and life expectancy, better access to information and connectivity across the globe, and increased access to and affordability of consumer goods. The analysis in this report is…

The main objective of this Working Paper is to show a set of indicators on the knowledge-based economy for China, mainly compiled from databases within EAS, although data from databases maintained by other parts of the OECD are included as well. These indicators are put in context by comparison with data for the United States, Japan and the EU (or…

With inputs of labour and capital slowing, sustaining high growth rates in Korea will increasingly depend on total factor productivity gains, which are in turn driven to a large extent by innovation. While a number of Korean firms are at the world technology frontier in areas such as ICT, the diffusion of technology to lagging sectors is a…