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The Internationalization of Korean Firms: Strategic Interaction and Tariff-jumping when Quality Matters

In: Multinationals and Foreign Investment in Economic Development

Author

Listed:
  • Bénédicte Coestier

    (University of Paris X)

  • Serge Perrin

    (Agence Française de Développement)

Abstract

Korean multinational enterprises (MNEs) have recently emerged as overseas investors, not only increasing their penetration of developing markets but also making significant inroads into industrialized markets. This shift from a traditional export orientation — the source of Korea’s rapid economic growth — occurred in a context where Korean manufacturing industries were hard hit by steep wage increases and an appreciating currency, multiple import restrictions imposed by developed countries, and a catching-up process engaged by a second wave of dynamic Asian economies such as Malaysia and Thailand.

Suggested Citation

  • Bénédicte Coestier & Serge Perrin, 2005. "The Internationalization of Korean Firms: Strategic Interaction and Tariff-jumping when Quality Matters," International Economic Association Series, in: Edward M. Graham (ed.), Multinationals and Foreign Investment in Economic Development, chapter 6, pages 119-144, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-0-230-52295-4_6
    DOI: 10.1057/9780230522954_6
    as

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