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Political economy of Korean and Japanese foreign direct investment

Bibliographic Data

ID5000740
AuthorsYou-Ll Lee, You‐il Lee (0000-0003-2115-9865, corresponding author)
Year1999
Volume29
Issue4
Pages462-493
Publication date1999-01-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueJournal of Contemporary Asia (JOURNAL)
Journal identifiersISSN: 0047-2336 • E-ISSN: 1752-7554
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/00472339980000241
OpenAlexW2077743269
LanguageEN
Citations received1
References cited22

This article challenges a popular assumption that Korea has been refining and perfecting the Japanese foreign direct investment model. In the case of Korea, the pattern of overseas expansion of smaller companies is quite unlike that for smaller Japanese companies. In the former case, the move overseas is quite independent and related to the needs of the individual concern or entrepreneur while the latter usually moved offshore in tandem with larger companies and as part of their sub-contracting networks. Given this premise, major mechanisms behind the successful development of Japanese FDI in comparison with those of Korea will be examined. These include a) the role of the trading companies (sogo shosha), b) the role of the small and medium-sized firms, and c) the patterns of institutional linkages between government and business in the progress of FDI. This cross-examination demonstrates that Korea's trajectory and its dynamics are different from those of Japan, thus Korea's future cannot be predicted by simply looking at Japan

Business · China · East Asia · Economic geography · Economic system · Economics · Economy · Foreign direct investment · Government (linguistics · International trade · Investment (military · Macroeconomics · Market economy · Political science · Politics · Premise · Asian Industrial and Economic Development · Japanese History and Culture · Socioeconomic Development in Asia

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Citation velocityhistorical
Highly citedNo

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