Reshaping the World through Entrepreneurship, Education and Employment
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Reshaping the World through Entrepreneurship, Education and Employment

Park Geun-Hye
World Economic Forum, 2014
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Editorial Rating

7

Qualities

  • Innovative
  • Well Structured
  • Visionary

Recommendation

South Korea was one of the Asian economies hardest hit by the 2008 global financial crisis. But instead of twiddling its thumbs and waiting for a recovery to manifest via business as usual, the nation is taking a proactive approach by nurturing an entrepreneurial ecosystem that is conducive to growth. President Park Geun-Hye outlines Korea’s blueprint for a modern, sustainable “creative economy.” getAbstract recommends Park’s visionary plan to policy makers and chambers of commerce around the world seeking ideas to kick-start recoveries in their own constituencies.

Summary

Though global economies are slowly recovering from the 2008 financial crisis, strong economic growth remains elusive worldwide. The crisis, coupled with looming challenges such as climate change, underscores the need for sustainable, inclusive growth. South Korea is pursuing such growth by building a “creative economy” – a marketplace that “harnesses the creative ideas of individuals and marries them with science and technology.” Traditionally, growth materialized from exploiting natural resources. But the creative economy will realize growth by encouraging individuals to develop their business...

About the Speaker

Park Geun-Hye is the 11th president of South Korea.

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