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INTERNATIONALIZATION OF THE KOREAN ECONOMY AND CHAEBOLS

INTERNATIONALIZATION OF THE KOREAN ECONOMY AND CHAEBOLS Abstract This paper examines the processes and characteristics of the internationalization of the Korean economy. It identifies chaebol as the key ‘actor’ of the country's internationalization. Initially, the nation's economy was deeply the involved with the world economy due to its reliance on foreign aid. Since then the Korean government has concentrated national wealth on a few large corporations in an attempt to secure economies of scale and boost the international competitiveness of Korean products. In return the chaebol had to satisfy government's export goals and to initiate smaller firms' export activities. The shifting relationships between government and corporate organizations are the key to understanding Korea's internationalization. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Asian Geographer Taylor & Francis

INTERNATIONALIZATION OF THE KOREAN ECONOMY AND CHAEBOLS

LEE, Deog-An
Asian Geographer , Volume 12 (1-2): 10 – Jan 1, 1993
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INTERNATIONALIZATION OF THE KOREAN ECONOMY AND CHAEBOLS

Abstract

Abstract This paper examines the processes and characteristics of the internationalization of the Korean economy. It identifies chaebol as the key ‘actor’ of the country's internationalization. Initially, the nation's economy was deeply the involved with the world economy due to its reliance on foreign aid. Since then the Korean government has concentrated national wealth on a few large corporations in an attempt to secure economies of scale and boost the international...
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Publisher
Taylor & Francis
Copyright
Copyright Taylor & Francis Group, LLC
ISSN
2158-1762
eISSN
1022-5706
DOI
10.1080/10225706.1993.9683985
Publisher site
See Article on Publisher Site

Abstract

Abstract This paper examines the processes and characteristics of the internationalization of the Korean economy. It identifies chaebol as the key ‘actor’ of the country's internationalization. Initially, the nation's economy was deeply the involved with the world economy due to its reliance on foreign aid. Since then the Korean government has concentrated national wealth on a few large corporations in an attempt to secure economies of scale and boost the international competitiveness of Korean products. In return the chaebol had to satisfy government's export goals and to initiate smaller firms' export activities. The shifting relationships between government and corporate organizations are the key to understanding Korea's internationalization.

Journal

Asian Geographer – Taylor & Francis

Published: Jan 1, 1993

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