Going Multinational: The Korean Experience of Direct Investment - Routledge Studies in Global Competition by Frederique Sachwald
In the early 1990s, Korean companies embarked on an extraordinary wave of direct investment abroad. These multinationals were seen as another sign of Korea's remarkable economic performance, especially as a…
Going Multinational synopsis
In the early 1990s, Korean companies embarked on an extraordinary wave of directinvestment abroad. These multinationals were seen as another sign of Korea's remarkable economic performance, especially as a large proportion of foreign companies were in developed countries.
But this unbalanced pursuit of globalization has already tested the "Korean model" to its limits. After the 1997 crisis, a new policy was prepared the way to increase domestic investment. Using experimental tests and case studies, this group shows that Korean groups have invested in developed countries to jump over trade barriers, but also to sources of advanced technology and marketing capabilities.
Moreover, their ambitious strategies have been stimulated by monopolistic competition among colleges. From a policy perspective, the book provides an original discussion of national ownership by questioning the substitution between domestic and foreign foreign investment and its relationship to the evolution of the national innovation system.
. By highlighting the style of Korean internationalization, these articles make a valuable contribution to the theory of international production and provide important insights into current political debates on globalization and innovation-led growth..
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