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Reshaping the World through Entrepreneurship, Education and Employment
Video

Reshaping the World through Entrepreneurship, Education and Employment


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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.

Take-Aways

  • The 2008 global financial 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 creative economy “harnesses the creative ideas of individuals and marries them with science and technology.”
  • The key to developing this new paradigm is entrepreneurship. Governments ought to take whatever means necessary to foster environments conducive to start-ups.

About the Speaker

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