Conclusion and Policy Implications

Doo-Jin Kim and Young-Chan Kim

Chapter 7 in Newly Industrialising Economies and International Competitiveness, 2006, pp 220-235 from Palgrave Macmillan

Abstract: Abstract Our research provides an account of the questions of how, and to what extent, international trade regimes, especially EU trade policies, have had an impact on the market power of Korean electronics MNCs alongside the emergence of new technology involving knowledge-intensive technology. To explore this issue, we have utilised the notion of ‘big business’ as ‘market-maker’ rather than ‘market-taker’ to capture the empirical reality of Korea’s electronics MNCs, given the compelling significance of international competitiveness in recent years. While the nature of industry or industrialisation has changed, individual business organisation as exemplified by Samsung Electronics has tended to replace, or refashion, part of the market mechanism in the making of a meso-market. When it comes to an understanding of the wealth of nations, this paradigmatic shift exposed a theoretical deficiency in the dichotomised concept of the ‘market vs. the state’ that has been conventionally employed in academic disciplines such as global economy and comparative political economy.

Keywords: Market Power; Korean Government; International Competitiveness; National Innovation System; Asian Financial Crisis (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-62670-6_7

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230626706

DOI: 10.1057/9780230626706_7

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().