The Internationalization of Korean Firms: Strategic Interaction and Tariff-jumping when Quality Matters

Bénédicte Coestier and Serge Perrin
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Bénédicte Coestier: University of Paris X
Serge Perrin: Agence Française de Développement

Chapter 6 in Multinationals and Foreign Investment in Economic Development, 2005, pp 119-144 from Palgrave Macmillan

Abstract: Abstract Korean multinational enterprises (MNEs) have recently emerged as overseas investors, not only increasing their penetration of developing markets but also making significant inroads into industrialized markets. This shift from a traditional export orientation — the source of Korea’s rapid economic growth — occurred in a context where Korean manufacturing industries were hard hit by steep wage increases and an appreciating currency, multiple import restrictions imposed by developed countries, and a catching-up process engaged by a second wave of dynamic Asian economies such as Malaysia and Thailand.

Keywords: European Union; Foreign Direct Investment; Trade Policy; Optimal Tariff; Korean Firm (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-0-230-52295-4_6

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DOI: 10.1057/9780230522954_6

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