Sunday, December 28, 2014
Korea's investment in education
South Korea now leads the world in R&D intensity, a measure of gross investment in R&D as a percentage of gross national product. As shown in the accompanying chart (click to see a full-size version) from the OECD, this nation's rise began shortly after the turn of the millenium. My point is simply that this sort of government-led planning has paid dividends for Korea in the past. If overall levels of investment in R&D produce the expected results, then the outlook for this nation in 2015 and beyond looks bright.