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The Health Care Sector Cooperation Between Korea and the GCC: Challenges and Policy Proposals Thinking the Better Macro Policy Mix

  • Author Kwon Hyung Lee
  • Date2014-06-27

For the sustainable industrial cooperation, government policies should be implemented so that both Korean and the GCC health care sectors could enhance industrial synergies between medical service sectors and manufacturing sectors. Joint manufacturing projects between Korea and the GCC should be also promoted. Given the lack of manufacturing infrastructure in the Middle East, these projects can play an important role in diversifying industrial structure and creating decent jobs as is being pursued by the GCC governments. Korean hospitals and manufacturers should strengthen strategic ties with global hospitals and enterprises to penetrate the GCC markets. Korea and the GCC countries should promote vocational education and training program with the establishment of medical colleges and training centers. Exchange of professionals between the two can advance not only the transfer of medical technology but also the mutual understanding of differing institutions, policies and markets.

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