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Foreign direct investment from Korea
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- Authors
- Issue Date
- 1985-09
- Publisher
- 서울대학교 경영대학 경영연구소
- Citation
- 경영논집, Vol.19 No.3, pp. 83-102
- Keywords
- 83-102
- Description
- 1985-09
- 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. Concurrently, studies with
country specific titles such as Japanese MNCs or Third Country MNCs have
begun to attract scholarly interest.
- ISSN
- 1229-0491
- Language
- English
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