scholarly journals Reunification of Korea: Economic Consequences from an External Point of View

2005 ◽  
Vol 6 (2) ◽  
pp. 21-33
Author(s):  
Edward M. Graham
Keyword(s):  
Foreign Direct Investment ◽  
South Korea ◽  
Direct Investment ◽  
Point Of View ◽  
Economic Consequences ◽  
The South ◽  
Korean Economy ◽  
The North ◽  
External Point ◽  
Catch Up

Korean reunification remains an uncertainty. When and if it comes, the condition of the North Korean economy is primitive compared to the economy of South Korea. Because of massive investment needs in the North, and under plausible assumptions regarding savings rates in a unified Korea, the balance of payment of a reunified Korea is likely to deteriorate significantly in the event of reunification. Foreign direct investment could ameliorate this result, and might contribute to a more rapid catch-up of the North to the South.

Policy Learning or Diffusion: How China Opened to Foreign Direct Investment

2009 ◽  
Vol 9 (3) ◽  
pp. 399-432 ◽  
Author(s):  
Min Ye
Keyword(s):  
Foreign Direct Investment ◽  
South Korea ◽  
Economic Reform ◽  
Local Governments ◽  
Direct Investment ◽  
Diffusion Mechanism ◽  
Catch Up ◽  
Fdi Policies ◽  
Economic Zones ◽  
Developmental Policies

When China embarked on economic reform in the late 1970s, its leaders aspired to learn from Japan's developmental policies that were restrictive of foreign capital. In the 1990s, China strove again to emulate Japan and South Korea in restricting foreign direct investment and promoting indigenous corporations. Despite these efforts, China's industrial catch-up was in fact led by FDI, in sharp contrast to the classic Japanese/Korean paradigm where FDI was strictly circumvented. Why was China unsuccessful in learning restrictive FDI policies? How did a new developmental path emerge in China? The answer lies in China's strong networks with diaspora communities. Through a diffusion mechanism, ties between local governments and diaspora capital helped initiate and catalyze China's FDI liberalization, despite the central efforts to learn from Japan and South Korea. Two critical reform episodes are examined: (1) the establishment of special economic zones and (2) the reform of state-owned enterprises.

scholarly journals The impact of the Turn to the East Policy on foreign direct investment in the Russian Far East

2019 ◽  
Vol 27 (2) ◽  
pp. 366-374
Author(s):  
Han-Sol Lee
Keyword(s):  
Foreign Direct Investment ◽  
South Korea ◽  
Direct Investment ◽  
Russian Far East ◽  
Far East ◽  
Asian Countries ◽  
Far Eastern ◽  
The Impact ◽  
Policy Mechanisms ◽  
The Russian Far East

This study aims to measure the effectiveness of Russia’s Turn to the East Policy, addressed by the federal government in 2012, on the economic development of the underdeveloped Far Eastern regions, in terms of foreign direct investment (FDI) inflows data. To do so, this paper analyzed the results of the representative policy mechanisms - designed to promote the Far Eastern investments - of the Turn to the East Policy, comprised of the Eastern Economic Forum (EEC), Advanced Special Economic Zones (ASEZs), and Vladivostok Free Ports (VFPs), based on the secondary data from the governmental organizations. From the study, in spite of the previous contentions on those policy mechanisms amongst policymakers, we elucidate the incremental growing FDI - majorly contributed by the East Asian countries: China, Japan, and South Korea - propensity in the Far East. The three Eastern Asian countries promote investments in the Russian Far East for different eco-political purposes. And it further analyzed that for Russia, despite the remarkable magnitude of Chinese and Japanese FDI compared to South Korea, South Korea is still the most attractive partner, in terms of lack of threats: The Chinese expansionism, and the Kuril Island dispute with Japan.

Foreign direct investment in Europe: Is there redirection from the South to the East?

2003 ◽  
Vol 31 (1) ◽  
pp. 94-109 ◽  
Author(s):  
Claudia M. Buch ◽  
Robert M. Kokta ◽  
Daniel Piazolo
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
The South

Foreign Direct Investment by Korean Firms: Profile, Theory, and Implementation

2002 ◽  
Vol 3 (1) ◽  
pp. 47-68
Author(s):  
Sang Hoon Nam ◽  
Tim Craig
Keyword(s):  
Foreign Direct Investment ◽  
South Korea ◽  
Market Share ◽  
Direct Investment ◽  
Large Firms ◽  
Implementation Challenges ◽  
Cheap Labor ◽  
Current State ◽  
Develop Technology

This research investigates the current state of foreign direct investment by firms from South Korea. Korean FDI is found to be increasingly diverse in location and purpose; small and medium sized firms are investing primarily in Asia in search of cheap labor, while large firms are investing in major markets worldwide to secure market share and to acquire and develop technology. The applicability of Dunning’s eclectic theory to Korean FDI is discussed, and theoretical refinements concerning ownership advantages are suggested. Implementation challenges involve HRM, and vary according to whether the labor an investment requires is commodity-like or skilled.

Multilateralism and Divisions in ASEAN

2018 ◽  
pp. 24-44
Author(s):  
Daniel C. O'Neill
Keyword(s):  
Foreign Direct Investment ◽  
South China Sea ◽  
Collective Action ◽  
South China ◽  
Direct Investment ◽  
The South China Sea ◽  
The South ◽  
China Sea ◽  
Asean Member ◽  
Insight Into

This chapter introduces ASEAN and the “ASEAN Way” of taking actions based on consensus as well as both the theoretical and practical difficulties that presents for successful collective action by the members of the organization. Emphasizing the theoretical insights of Ruggie and other scholars concerning multilateralism as well as theories of collective action, the chapter provides insight into the factors that inhibit a common ASEAN response to the disputes in the South China Sea. The chapter further highlights the diversity among ASEAN member states, including geographic, cultural, political, and economic differences, as well as their own territorial disputes both in and outside of the South China Sea, that further inhibit collective action. Finally, the chapter provides data on China’s foreign direct investment (FDI) into the region, which, the book argues, provides China with increased influence over some ASEAN members.

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