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Seoul Searching: How to Move Beyond the Export-oriented “Asian Development Model”

Author

Listed:
  • Joon Nak Choi

    (Adjunct Assistant Professor，School of Business and Management, Hong Kong University of Science and Technology
    Institute for Emerging Market Studies， Hong Kong University of Science and Technology)

Abstract

Joon Nak Choi, Adjunct Assistant Professor at the School of Business and Management and Faculty Associate at the Institute for Emerging Market Studies at the Hong Kong University of Science and Technology, expressed his view on the Export-oriented industrialization in Korean economy. As firms in a rising China have upgraded their industrial competitiveness, Korean firms have lost ground in industries that they dominated not long ago. Prioritizing capabilities needed for export-oriented industrialization had the unintended effect of stunting SMEs and limiting their capabilities. It is important for Korea to focus on policies intended to remedy the historical underdevelopment of the SME sector.

Suggested Citation

  • Joon Nak Choi, 2018. "Seoul Searching: How to Move Beyond the Export-oriented “Asian Development Model”," HKUST IEMS Thought Leadership Brief Series 2018-23, HKUST Institute for Emerging Market Studies, revised Jun 2018.
    • Handle: RePEc:hku:briefs:201823
    as

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    File URL: https://iems.ust.hk/assets/publications/thought-leadership-briefs/tlb23/joon-nak-choi-tlb-23.pdf
    File Function: First version, 2018
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    References listed on IDEAS

    as
    1. Moon, Hwy-Chang, 2016. "The Strategy for Korea's Economic Success," OUP Catalogue, Oxford University Press, number 9780190228798.
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    More about this item

    Keywords

    korea; financial inclusion; china; entrepreneurship;
    All these keywords.

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