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Innovation and Knowledge Industrialization in Catch-up/Post Catch-up Korea: The Current Situation and the Challenges for the Future
Keun Lee, winner of the 2014 Schumpeter Prize and a professor of economics at Seoul National University, will explore the Schumpeterian hypothesis that the effectiveness of the national innovation system (NIS) of a country determines its long term economic performance, using the case of South Korea as an example. Professor Lee will present an overview of South Korea’s NIS during the “catch-up” and “post-catch-up” stages; and will compare the Korean case with the NIS of European economies to derive comparative lessons. He will also address specific innovation issues in Korea, such as commercializing knowledge in the public sector.
Professor Lee authored Economic Catch-up and Technological Leapfrogging: Path to Development & Macroeconomic Stability in Korea (2016, E Elgar); and Schumpeterian analysis of Economic catch-up (Cambridge University Press, 2013: awarded Schumpeter Prize). He is currently president of the International Schumpeter Society, a member of the Committee for Development Policy of the UN, an editor of Research Policy, an associate editor of Industrial and Corporate Change, and a council member of the World Economic Forum. He obtained a PhD in economics from the University of California, Berkeley, and worked at the World Bank, University of Aberdeen, and the East West Center, Hawaii. One of his most cited articles is a paper on Korea’s Technological Catch-up published in Research Policy, with 1,000 citations (Google Scholar). His H-index is now 35, with 85 papers with more than 10 citations.