| Description: | On April 3rd, 2007, Yoo Jang-hee, a professor of international studies
at Ewha Women's University, delivered a lecture titled "The Korean
Economy in the New Industrial Revolution" to a group of American
educators touring Korea as part of The Korea Society's 2007 Spring
Fellowship in Korean Studies program. Professor Yoo spoke about Korea's
role in the increasingly knowledge-based global economy. Surveying
Korea's advantages-such as its highly trained workforce and advanced
information infrastructure-and what he sees as its disadvantages-low
levels of R&D funding and an unproductive education system-Yoo
concluded that the Korean government needs to resume pro-growth
policies and encourage private-sector initiatives in order to compete
in this world's new industrial revolution.
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