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Achieving Development SuccessStrategies and Lessons from the Developing World$
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Augustin K. Fosu

Print publication date: 2013

Print ISBN-13: 9780199671557

Published to Oxford Scholarship Online: May 2013

DOI: 10.1093/acprof:oso/9780199671557.001.0001

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How Can Korea be a Role Model for Catch-Up Development? A ‘Capability-Based View’

How Can Korea be a Role Model for Catch-Up Development? A ‘Capability-Based View’

Chapter:
(p.24) (p.25) 2 How Can Korea be a Role Model for Catch-Up Development? A ‘Capability-Based View’
Source:
Achieving Development Success
Author(s):

Keun Lee

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199671557.003.0002

There is some scepticism about Korea as role model of development as the Korean model involved a considerable degree of state activism, unacceptable in today’s global environment. This chapter proposes a ‘capability-based view’ of the country’s catch-up development, arguing that the real lesson from Korea is not the role of government but the fact that it was able to strengthen the capability of firms, thus inducing sustained growth for several decades. The study analyses how Korea utilized various access modes to learning and knowledge to enhance its technological capabilities, and concludes with a discussion of the transferability of the Korean lessons to other countries.

Keywords:   developing countries, Korea, development, catch-up, role model, capabilities

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