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Seoul Searching: How to Move Beyond the Export-oriented “Asian Development Model”

Joon Nak Choi ()
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Joon Nak Choi: Adjunct Assistant Professor,School of Business and Management, Hong Kong University of Science and Technology

No 2018-23, HKUST IEMS Thought Leadership Brief Series from HKUST Institute for Emerging Market Studies

Abstract: Joon Nak Choi, Adjunct Assistant Professor at the School of Business and Management and Faculty Associate at the Institute for Emerging Market Studies at the Hong Kong University of Science and Technology, expressed his view on the Export-oriented industrialization in Korean economy. As firms in a rising China have upgraded their industrial competitiveness, Korean firms have lost ground in industries that they dominated not long ago. Prioritizing capabilities needed for export-oriented industrialization had the unintended effect of stunting SMEs and limiting their capabilities. It is important for Korea to focus on policies intended to remedy the historical underdevelopment of the SME sector.

Keywords: korea; financial inclusion; china; entrepreneurship (search for similar items in EconPapers)
Pages: 4 pages
Date: 2018-06, Revised 2018-06
New Economics Papers: this item is included in nep-fle, nep-his and nep-sea
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