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

  • Bénédicte Coestier
  • Serge Perrin
Part of the International Economic Association Series book series (IEA)

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.

Keywords

European Union Foreign Direct Investment Trade Policy Optimal Tariff Korean Firm 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© International Economic Association 2005

Authors and Affiliations

  • Bénédicte Coestier
    • 1
  • Serge Perrin
    • 2
  1. 1.University of Paris XNanterreFrance
  2. 2.Agence Française de DéveloppementParisFrance

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