Going Multinational
By:Frédérique Sachwald
Published on 2013-01-11 by Routledge
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.
This Book was ranked at 26 by Google Books for keyword explaining international production.
Book ID of Going Multinational's Books is w8GfIBLFBSIC, Book which was written byFrédérique Sachwaldhave ETAG "PAfSNiId6T0"
Book which was published by Routledge since 2013-01-11 have ISBNs, ISBN 13 Code is 9781135137977 and ISBN 10 Code is 1135137978
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