Private-Public Alliances for Export Development

The present report explains the development path of South Korea, from a country which started its development with a lack of natural resources, industrial facilities, sufficient foreign reserves and business experiences and with human resources as its only productive factor at the disposal, to its successful technological catch-up, export performance and economic development. The study clarifies this development by concentrating on the formulation and implementation mechanism of development strategies and policies with the emphasis on trade, the technological capability building process and institutions, and the innovation and internationalization policies for SME. The study shows the case of a strong government leadership in the early stage of development and the increasing role of market mechanism and public private partnership when the economy becomes more complicated and diversified.