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외국인직접투자가 국내 산업구조와 노동시장에 미치는 영향(Differential effects of FDI on the SMEs and wage premium for skilled labor)

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Title 외국인직접투자가 국내 산업구조와 노동시장에 미치는 영향(Differential effects of FDI on the SMEs and wage premium for skilled labor)
Similar Titles
Material Type Reports
Author(Korean)

최혜린; 한민수; 황운중; 김수빈

Publisher

세종:대외경제정책연구원

Date 2015
Series Title; No 연구보고서 / 15-03
ISBN 978-89-322-1563-1: 978-89-322-1072-8(set)
Pages 152
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Documents
Original Format pdf
Subject Economy < Direct Investment
Industry and Technology
Social Development < Employment
Holding 대외경제정책연구원; KDI국제정책대학원

Abstract

The influx of foreign investment to Korea began in the 1980’s, and increased
dramatically following the establishment of the ‘Foreign Investment Promotion
Act’ in 1998. However, it declined in the early 2000s because of global economic
slowdown due to events such as the 9-11 terrorist attack and Information
Technology Bubble Decay, etc. Investments have rebounded since 2004 and
attracted more than 10 billion dollars thereafter, reaching a peak of 19 billion
dollars in 2014.
Most governments believe that FDI contributes to economic development by
creating jobs and introducing advanced technology and management practices
to the host country. Based on this belief, governments provided various incentives
such as tax breaks, relaxed regulations, and cash grants to attract multinational
companies to their respective countries. This includes the Korean government,
which changed its restrictive strategy to actively attract foreign firms since the
Asian financial crisis by providing a variety of incentives for foreign firms.
(The rest omitted)