A comparative study on S&T innovation and development strategies
A COMPARATIVE STUDY ON S&T INNOVATION AND DEVELOPMENT STRATEGIES OF CHINA & KOREA VIS-À-VIS INDIA (S&T Innovation Comparision)
The economies of both China and South Korea have made significant achievements in enhancing their S&T capabilities and innovation. China has narrowed down the scientific gap and even managed to leave behind the developed countries in specific technology groups. Similarly, the South Korean strategy has elevated Korea to the ranks of innovation leaders in the last three decades. S&T has played a very distinctive role in the economic transformation of these countries. An important factor behind the rise of S&T in China and Korea is the whole process including S&T and innovation policies which decided the course of S&T towards specific goals. The study basically looked into the process that facilitated build-up of S&T capabilities in China and Korea by analyzing their S&T and innovation policies in the last three decades. The study has analysed the policy framework of both China and Korea to identify the relationship between their achievements and policy architecture in order to derive lessons for India. For Both China and Korea, the path of development has been strengthening the manufacturing sector by following Japan’s model in which State played a critical role in formulating a growth strategy and implementing it with appropriate policy instruments. Targeted development and commensurate resource mobilization, continually evolving policies with strict enforcement and implementable instruments, a differentiation between success and failure, a will to acknowledge failures and efforts to correct them were some of the strategic moves. The focus of both the countries has been on strengthening the S&T infrastructure for developing commensurate technological capabilities and aiding the innovation infrastructure.