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Hyeonju Ahn, J. Mah (2007)
Development of technology-intensive industries in KoreaJournal of Contemporary Asia, 37
B. Potterie, F. Lichtenberg (2001)
Does Foreign Direct Investment Transfer Technology Across Borders?Review of Economics and Statistics, 83
David Zalewski (1999)
Brothers, Can You Spare $58 Billion? Regulatory Lessons from the South Korean Currency CrisisJournal of Economic Issues, 33
J. Mah (2006)
Economic restructuring in post-crisis KoreaJournal of Socio-economics, 35
D. Hundt (2005)
A Legitimate Paradox: Neo-liberal Reform and the Return of the State in KoreaThe Journal of Development Studies, 41
J. Mah (2002)
Regulatory Lessons from the South Korean Currency Crisis: Comment on ZalewskiJournal of Economic Issues, 36
Jürgen Bitzer, Monika Kerekes (2008)
Does foreign direct investment transfer technology across borders? New evidence ☆Economics Letters, 100
H. Hansen, John Rand (2006)
On the Causal Links between FDI and Growth in Developing CountriesWiley-Blackwell: World Economy
and I. INTRODUCTION During the process of rapid economic growth since the early 1960s, the Korean economy is known to have pursued the outward oriented economic development strategy. In the meantime, although its trade dependency ratio has increased significantly from 40 percent in 1970 to 89 percent in 2006, it did not rely heavily on foreign direct investment (FDI) inflows. In this sense, the Korean economic development pattern was apparently different from that of other best performers in the world economy, such as Hong Kong and Singapore. Facing the occurrence of the economic crisis in Korea in 1997-1998, social scientists began to reconsider the structural characteristics of the Korean economic development model. There have been competing views on the causes of the economic crisis in Korea. One group, along with Chang, Park and Yoo (1998) and Zalewski (1999), has argued that there was no serious structural problem in the Korean economic development model, but the occurrence of the crisis in the late 1990s was due to the careless liberalization of short-term international capital movement and the increased share of short-term external debt. The other group, Mah (2002), for instance, has emphasized the long-lasted structural problems of the Korean
Journal of World Investment and Trade – Brill
Published: Jan 1, 2008
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