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Working Paper

Industrial Structure and Foreign Investment : A Case Study of Their Interrelationship for Korea

페이스북
커버이미지
  • 저자 구본영(具本英)
  • 발행일 1984/02/01
  • 시리즈 번호 8402
원문보기
요약 The purpose of this paper is to examine the role foreign
investment has played in bringing about the markets changes in
Korea's economic structure.

The second section will briefly review the changes in
Korea's economic and industrial structure during the past two
decades and discuss major industrial policies followed by the
government during the period. The third section will review the
relationship between changes in the industrial structure and the
changes in trade patterns, in order to identify the main forces
which brought about such changes in Korea's industrial
structure.

The fourth section will review the patterns of direct foreign
investment(DFI) and discuss foreign investment policies followed
by the Korean government during the period. The fifth section
will then critically examine the interrelationship between
industrial structure, comparative advantage and foreign
investment, in order to gain further insight into the causes and
the nature of DFI in Korea and to investigate the effects of DFI
on allocative efficiency in Korea.

The sixth section will analyse various behavioral differences
between Korean and foreign firms in order to draw some
implications concerning the effects of DFI sectoral efficiency in
Korea. The seventh section will test Professor Dunning's
hypothesis regarding the relationship between net outward
foreign investment and stages of development and then briefly
examine the characteristics of outgoing foreign investment made
by Korean firms. The eighth section concludes the paper.

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