Amid trade issues and the ongoing Fourth Industrial Revolution (4IR) the Korean economy is entering an era of low growth. In this era, Korea is facing crises and opportunities in terms of its industrial economy.
Trade plays key roles in fostering innovation, both as a conduit for the diffusion of global technology and knowhow that facilitates innovation in developing nations and by giving innovative companies access to large global markets through which they can recoup their upfront investments in R&D and generate revenues to finance future generations of innovation. GTIPA-member reports here examine trade-innovation linkages.