Institutional basis for research boom: From catch-up development to advanced economy

摘要: Abstract Historical best practice emphasizes that the decision for large-scale R&D investment is important to catch-up growth. It desirable in most developing countries establish coherence between technological forecasting and science, technology, innovation policies. This study demonstrates national foresight has disadvantages implementing such policies because of insufficient monetized information with discriminant power investment. To compensate disadvantages, a logic model indispensable, can be achieved by subsequent at time each rather than one-time foresight. The example Korean government decision-making involving consecutive value-based act as an institutional framework progress from development being advanced economy. Despite tradition against aggressive Korea, quantitative ex-ante evaluations feasible value chain have given financial authorities' confidence. what made Korea's research boom possible. If or transition plan achieve growth expanding investment, cases this will reference.