As the minister of Economy and Finance of the Republic of China(ROC), Dr. Li’s farsighted designs of economic infrastructure of ROC not only let to her economic miracle over the last forty years, but has also become a symbol of the hope for developing nations. Dr. Li’s design process and blueprints has not only influenced two generations of economic system designers, but has also become the case study for higher learning in major business schools around the world.

In 1997, the Society for Design and Process Science established the K. T. Li Award for Outstanding Design of Economical/Social systems to be given away annually during the SDPS IDPT Conference. This award acknowledges outstanding achievements in design excellence of economic/social systems.