Digitalisation: An Enabling Force for the Next Production Revolution in Korea / Organisation for Economic Co-operation and Development..

Format:

Book

Government document

Author/Creator:

Organisation for Economic Co-operation and Development

Contributor:

SourceOECD (Online service)

Series:

Better Policies,.

Better Policies ;

Language:

English

Subjects (All):

Economics.

Industry and Services.

Korea, Republic of.

Local Subjects:

Korea, Republic of.

Physical Description:

1 online resource.

Place of Publication:

Paris : OECD Publishing, 2017.

Summary:

Since joining the OECD in 1996, Korea has made impressive progress in raising living standards. Over 1996-2016, the country closed the gross domestic product (GDP) per capita gap with the OECD average by 26 percentage points. Vibrant exports underpinned strong economic growth, with Korea becoming the eighth largest exporter in the world. The country's focus on innovation (its R&D spending is the second highest in the OECD) combined with its highly skilled population (it is among the top performers in the OECD's Programme of International Student Assessment) supported this success. However, the convergence of Korea's living standards to those in the most advanced countries has stalled in recent years. Output growth has slowed from 4.4% annually over 2001-10 to 2.8% since 2011. The country faces strong competition from emerging economies, notably the People's Republic of China in low- and medium-end markets, and with advanced economies in high-end markets. This makes it more difficult for Korea to further expand its global market share.

Notes:

Title from title screen (viewed May 1, 2017).

ISBN:

9789264285545

Access Restriction:

Restricted for use by site license.