Role of Information Technology Revolution in Economic Development and Military Competition on the Korean Peninsula
Abstract
The information technology revolution is real and in full swing on the Korean peninsula. Like all other nations that choose to embrace it, Koreans are compelled to redefine their traditional concepts of time, space, speed, conversation, and language into the IT-driven notions of 24-hour daytime, cyberspace, speed of light, pictograms (n:n), and digital content. Information technology connects individuals, firms, and governments via information networks and shared databanks, thereby facilitating the production, distribution, and consumption of information within the whole economy and society. In terms of its transformational impact on the national way of life, economy, and culture, the digital revolution of the 21st century is equivalent to the steel and railroad revolutions of the 19th century and the automobile revolution of the 20th century. Through revolutionary developments in the creation, distribution, and utilization of knowledge and information via the means of advanced information technologies, Koreans established whole new industries utilizing IT and the Internet, and introduced new ways of doing business in the traditional sectors of economy. They transformed the production cycle from brawn to brain and the distribution cycle from paper trail to click-and-go. The digital revolution accelerated technological innovation, reduced product cycles, increased investment risks, and multiplied returns. The IT revolution raised Koreas economic competitiveness by facilitating better knowledge of ones customers, suppliers, competitors, and technologies; by cutting the production costs, distribution costs, administrative and overhead expenses; as well as by increasing the productivity of the Korean workforce and profitability of Korean companies.
Document Details
- Document Type
- Technical Report
- Publication Date
- Aug 01, 2005
- Accession Number
- AD1032395
Entities
People
- Alexandre Y. Mansourov
Organizations
- Asia-Pacific Center for Security Studies