Technology Policy for the Promotion of Knowledge-based Industry

Abstract

It is evident that in the 21st century, the structure of our economy will take the shape of a 'Knowledge Society' or 'Knowledge Economy'. The world's economic organizations are proposing a 'Knowledge-based economy' concept for the future economies of developed countries. On the other hand, they are interpreting economic development along the lines of information, and therefore 'Knowledge Economics' will be the new economic parody of the 21st century which will be on everybody's lips. It is said that the Korean economy must overcome its current economic crisis by creating information and enhancing production. It is now essential not to catch-up with the developed countries, but rather to leapfrog over them by the creation and distribution of information. The problem is that the creation and distribution of information does not happen over a short period of time.