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Foreign direct investment and the role of government : A case study of South Korea

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  • Foreign direct investment and the role of government
  • Kim, Pan Suk
  • Seoul National University(Graduate School of Public Administration)


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Title Foreign direct investment and the role of government
Similar Titles
Sub Title

A case study of South Korea

Material Type Articles
Author(Korean)

Kim, Pan Suk

Publisher

[Seoul]:Seoul National University(Graduate School of Public Administration)

Date 1997
Journal Title; Vol./Issue Korean Journal of Policy Studies:vol. 12
Pages 23
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Economy < Financial Policy
Government and Law < Public Administration
Holding Seoul National University

Abstract

As industrial economies have prospered, their business firms have also grown and matured resulting in increased foreign direct investment (FDI) and thus foreign direct investment has become a major issue for analytical discussion in an international perspective. Foreign direct investment is a major source of international resource transfer. The tremendous competition generated among host countries, regions, and localities for FDI has created an abundance of literature, some favorable some not so favorable. Those favorable writings are generally in defense of free markets and include Becker (1989) and Reich (1990). Unfavorable discussions usually express concerns over domestic economic and national sovereignty, and security issues. Recent criticisrns of FDI feature the works of: Tolchin and Tolchin (1988), Burstein (1988), Prestowitz (1988), Glickman and Woodward (1989), Spencer (1988) and Frantz and Collins (1989). Other discussions by Morgan Guaranty (1989), Reich (1991), Peterson (1989) and Fry (1980) provide excellent, balanced arguments. Discussions of FDI in literature have focused mainly on the national economy as a whole, while FDI considerations on a regional basis, or more specifically on an urban basis, have been somewhat ignored. And while there is an established research base concerning the factors which attract industries to an urban regions, research on the role of govenunent in encouraging foreign direct investment- based economic development is absent of any serious analytical discussion. The main objective of this paper is to fill the gap created by this absence.