Camera Business
Category=KC
Category=KJK
Category=KJMV2
chaebol strategies
direct
economy
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Er Ica
FDI Policy
firms
foreign direct investment
IDP
innovation systems
international business policy
Internationalization Drive
investment
korean
Korean Automobile Industry
Korean Carmakers
Korean Consumer Electronics Firms
Korean Direct Investment
Korean Electronics Firms
Korean Firms
Korean multinational investment patterns
Lo Ca
multinationals
National Champions
ODI
oligopolistic competition
outward
Outward Direct Investment Flows
Overseas Direct Investment
Ownership Advantages
Pa Ce
Pe Rc
source
Ta Ge
Te Ch
Te Ta
technology
Technology Sourcing Strategies
technology transfer
transfer
USD 3bn
Van Hoesel
Product details
- ISBN 9780415862974
- Weight: 740g
- Dimensions: 156 x 234mm
- Publication Date: 08 May 2013
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Paperback
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At the beginning of the 1990s, Korean firms embarked on an impressive wave of direct investment abroad. This dramatic multinationalization was considered as yet another sign of Korea's remarkable economic performance, especially as a high proportion of the foreign ventures were located in advanced countries. But this unbalanced quest for globalization actually tested the 'Korean model' to its limits; after the 1997 crisis a new policy prepared the way for a surge of inward investment. Using empirical tests and case-studies, this collection shows that Korean groups have invested in developed countries to jump over trade barriers, but also to source advanced technology and marketing capabilities. Moreover, their ambitious strategies have been stimulated by oligopolistic rivalry among the chaebols.
From a policy perspective, the book provides an original discussion of national ownership by questioning the substitutability between inward and outward foreign investment and its relationship with the evolution of the national innovation system. By shedding light on the pattern of Korea's internationalization, these essays make a valuable contribution to the theory of international production and provide important insights for the current policy debates on globalization and innovation-led growth.
Frederique Sachwald is Head of Economic Studies at IFRI, Paris, (French Institute for International Relations) and an affiliated professor at University Paris XIII. She has been published extensively on multinationals and cooperative alliances between firms in the context of innovation-led competition. One of her main research areas is the interactions between globalization and national systems of production and innovation.
