There is some scepticism about Korea as role model of development as the Korean model involved a considerable degree of state activism, unacceptable in today's global environment. This paper propose a "capability-based view" of the country's catch-up development, arguing that the real lesson...

1. Introduction -- Part I catch-up and leapfrogging at the economy level -- 2. Historical origins and initial conditions for economic catch-up (with H.Y. Lee) -- 3. Korean model of catch-up development: a 'capability-based view' -- 4. Intellectual property rights and technological catch up -- 5....