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Activities of Korea's FDI abroad : The operation of overseas affiliates in 1995

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Title Activities of Korea's FDI abroad
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Sub Title

The operation of overseas affiliates in 1995

Material Type Reports
Author(English)

Ha, Byungki

Publisher

Seoul:Korea Institute for Industrial Economics & Trade

Date 1999-10
Pages 37
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Direct Investment
Holding Korea Institute for Industrial Economics & Trade

Abstract

Foreign Direct Investment(FDI) has elicited much more worldwide attention since the 1980s, when more and more firms began rapidly and broadly getting involved in cross border production and business. The global FDI outflow has surged from 47 billion U.S. dollars to 315 billion U.S. dollars in 1995, at a rate that is faster than that of the world economy and world trade. Once considered as an exclusive strategy of Multinational Enterprises in the developed countries, FDI has dramatically evolved as a necessary and common strategy for all firms in all countries due to rapid developments in transportation and communication. FDI plays an essential role in the process of firms` globalization. This prevalence has inevitably led to the discussion of international rules on investment, the results of which are TRIMs(Trade Related Investment Measures) in WTO and MAI(Multilateral Agreement on Investment) in OECD.