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State and market in Korea : Host country bargaining power and FDI policy

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  • State and market in Korea
  • Shin, Seung-Hoon
  • University of Sheffield


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Title State and market in Korea
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Sub Title

Host country bargaining power and FDI policy

Material Type Articles
Author(English)

Shin, Seung-Hoon

Publisher

[Sheffield, U.K.]:University of Sheffield

Date 2007-08
Pages 315
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Economy < Economic Administration
Holding University of Sheffield

Abstract

The purpose of this thesis is to detennine what constitutes desirable Foreign Direct Investment (FDI) policies for the state in the age of globalisation. The study begins with the realistic assumption that FDI has variable effects on host economies, and that multinational corporations (MNCs) are fundamentally national finns doing business internationally. This assessment of FDI reflects the needs of government efforts to increase their bargaining power vis-a-vis MNCs in order to maximise the positive effects of FDI while minimising its negative effects. Based on this view, I develop a theoretical framework, namely the N eo Bargaining Model (NBM) , and identify the factors that have an impact on government bargaining power. The model is applied to the Korean state and produces the following findings that: (1) the bargaining power of the Korean state has diminished constantly over time; (The rest omitted)