Going Multinational: The Korean Experience of Direct Investment Contributor(s): Sachwald, Frédérique (Editor) |
|
![]() |
ISBN: 0415862973 ISBN-13: 9780415862974 Publisher: Routledge OUR PRICE: $59.80 Product Type: Paperback - Other Formats Published: May 2013 |
Additional Information |
BISAC Categories: - Business & Economics | Exports & Imports - Medical - Business & Economics | Economics - General |
Dewey: 332.673 |
Series: Routledge Studies in Global Competition |
Physical Information: 0.82" H x 6.14" W x 9.21" (1.23 lbs) 398 pages |
Descriptions, Reviews, Etc. |
Publisher Description: 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. |