‘Avoiding the Neighbours’: The National/Global Development Strategy of the Korean Automobile Industry

Marc Lautier

Chapter 14 in Cars, Carriers of Regionalism?, 2004, pp 218-232 from Palgrave Macmillan

Abstract: Abstract The South Korean automobile industry has grown extraordinarily quickly during the three last decades, with production increasing from 37,000 units to more than 2.8 million units between 1975 and 1996. At the end of this period, South Korea was ranked 5th within the world industry, with a 5.3 per cent share of global production. This development is almost unparalleled in recent history. Over the last 50 years only Japan has succeeded in building such a large automobile industry so quickly. The Korean experience is also remarkable as far as internationalization is concerned. Economic theory has traditionally insisted on the competitive advantages built on the domestic market to explain firms’ international expansion (from Hymer to Chandler), notably using empirical evidence from the automobile industry (Cusumano, 1989; Maxcy, 1982; Doner, 1991; Jenkins, 1987; Sachwald, 1995). Emphasis has also been put on the advantages of developing on a regional basis.2

Keywords: Foreign Direct Investment; Domestic Market; Automobile Industry; Korean Firm; North American Market (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52385-2_14

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DOI: 10.1057/9780230523852_14

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