Question
1.1. While one can never absolutely prove cause and effect, one of the most important reasons for South Korea's remarkable industrial achievements appears to be
1.1. While one can never absolutely prove cause and effect, one of the most important reasons for South Korea's
remarkable industrial achievements appears to be the orientation of its industrial policy toward promotion of
exports of increasingly sophisticated skill and technology content.
Critically analyse South Korea's industrial policy framework and identify the key success factors that African
countries trying to follow its lead may find difficult to emulate. (15)
1.2. South Korea's Ministry of Trade and Industry has targeted new materials, computer controlled machine tools for
engineering, microelectronics, fine chemistry, optics and aircraft as fields in which it predicted that the country
catch up with the US and Japan economically and technologically. Do you see South Africa following in the footsteps
of South Korea especially in the context of the fourth Industrial Revolution? (10)
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