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Foreign direct investment from Korea

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  • Foreign direct investment from Korea
  • Min, Sang-Kee
  • Seoul National University


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Title Foreign direct investment from Korea
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Material Type Articles
Author(English)

Min, Sang-Kee

Publisher

[Seoul, S.Korea]:Seoul National University

Date 1985
Journal Title; Vol./Issue Korean Business Journal:vol. 19(no. 3)
Pages 20
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic System
Economy < Direct Investment
Holding Seoul National University

Abstract

Seminal Hymer-Kindleberger hypothesis(7, 10) contended that FDI be analyzed on firm specific monopolistic advantages in contrast to the country specific analyses prevalent in trade theory and international capital movement theory. The hypothesis became the cardinal analytical framework for FDI in ensuing years. \ Starting in the mid 1970's, however, there has been a growing movement to view FDI flows as a country specific rather than firm specific phenomenon. On theoretical ground, Dunning (5) claimed that the seemingly firm specific monopolistic advantages are bred in respective home country environments and thus multinational companies (MNC) from the same home country tend to have similar monopolistic advantages. On empirical grounds, the once insurmountable dominance of the U.S. in the FDI flow is fading and it is being replaced partly by the rise of Japanese and Third Country MNCs. (The rest omitted)