Being technology and knowledge-intensive and high valued, the engineering industry enhances the competitiveness and productivity of related industries. Moreover, recent economic circumstances continue to raise the significance of the engineering realm, not only along with the spread of...

Korea’s manufacturing sector, the third most competitive in the world, has helped it weather the COVID-19 pandemic.While the global economy shrank 3.3 percent in 2020, its worst slowdown since the 2008 global financial crisis, the Korean economy contracted by just one percent thanks to its...

Success in development over the past half-century was based on manufacturing-led export growth. Because the share of global employment in manufacturing will decline, manufacturing won't play the same role in the coming decades. An increase in manufacturing employment won't suffice to meet the...

Abstract Previous work has shown that the results of both China and Mexico’s export-led market reforms over the past quarter century have been strikingly different. In contrast to China, Mexico has not managed to increase the value added of its exports of manufactured goods and has...

Global Value Chains (GVCs) started to play an increasing and key role in the global economy from the 1990s on. The market mechanism in GVCs supports industrialisation in the Global South and under certain conditions product and process upgrading. But GVCs do not lead to the catching-up of...

This study focuses on the demand sector of smart factories, especially policies related to the introduction of smart factories by small and medium sized manufacturers. As will be explained later, discussions focusing on SMEs are important because the gap in capacity and resources between large...

The accelerated pace at which digital transformation is unfolding across various sectors of Korean society is exerting a profound impact on the overall structure of Korean industries and the Korean economy as well, with the rise of the contactless and stay-at-home economies, the growth of...

The current article explains the research and development (R&D) policies of Korea that the Government pursued in the national innovation system to develop the technology level in the process of rapid economic growth. The efforts to build various research institutes, provide tax incentives and...

In the 1980s and 1990s, rapid market oriented reforms, liberalization and privatization (“shock therapy”) in developing and transformational countries caused economic and social problems that began to undermine the legitimacy of political democratization and market reforms itself. Scholars...