Foreign Direct Investment in Korea - The Role of the State

List of contents

1. State and Market Approaches to Foreign Investment Policy 2. Foreign Investment During the Park Regime 3. State Capacity and Foreign Investment During the Park Regime 4. Chun Doo Hwan and Attempted Foreign Investment Policy Reform 5. Roh Tae Woo and the Slow Down of Foreign Investment Policy Reform 6. Kim Young Sam and the New Foreign Investment Policy Regime.

About the author

Bernie Bishop

Summary

Published in 1997, this book traces the history of foreign investment policy in South Korea from 1961 until the present. It shows how Korea adopted a highly successful interventionist strategy towards foreign direct investment channeling it into areas of the economy where it could achieve the most benefit for the country’s economic development. In recent years Korea has tried to adopt a more market driven approach. However, differences within various institutions within the public and private sector led to policy confusion and ineffectiveness in meeting policy goals. The conclusion reached is that moving from an interventionist strategy to a market orientated strategy is difficult in this policy area. The book breaks new ground because it shows that while the conventional wisdom is that a 'market economy' approach is beneficial, moving from an interventionist policy to a market-orientated one is problematic and cannot be accomplished quickly.

Product details

• Authors: Bernie Bishop, Bishop Bernie
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Paperback / Softback
• Released: 30.09.2020
• EAN: 9781138313262
• ISBN: 978-1-138-31326-2
• No. of pages: 174
• Series: Routledge Revivals
• Subjects: Social sciences, law, business > Business > International economy; Business & Economics / Investments & Securities / General, BUSINESS & ECONOMICS / Economic History, BUSINESS & ECONOMICS / International / General, POLITICAL SCIENCE / Public Policy / Economic Policy, POLITICAL SCIENCE / World / Asian, BUSINESS & ECONOMICS / Development / Economic Development, Economic history, South Korea, c 1960 to c 1970, c 1970 to c 1979, c 1960 to c 1969, Central / national / federal government policies, Development economics & emerging economies, Investment & securities, c 1970 to c 1980, c 1990 to c 2000, c 1990 to c 1999, Investment and securities, C 1980 To C 1990, c 1980 to c 1989, Development economics and emerging economies, International Trade, Central government policies, International trade and commerce