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Foreign direct investment and the role of government: a case study of South Korea
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- Authors
- Issue Date
- 1997
- Citation
- Korean Journal of Policy Studies, Vol.12, pp. 57-79
- Abstract
- As industrial economies have prospered, their business firms have also grown and
matured resulting in increased foreign direct investment (FDI) and thus foreign direct
investment has become a major issue for analytical discussion in an international
perspective. Foreign direct investment is a major source of international resource
transfer. The tremendous competition generated among host countries, regions, and
localities for FDI has created an abundance of literature, some favorable some not
so favorable. Those favorable writings are generally in defense of free markets and
include Becker (1989) and Reich (1990). Unfavorable discussions usually express concerns over domestic economic and national sovereignty, and security issues.
Recent criticisrns of FDI feature the works of: Tolchin and Tolchin (1988),
Burstein (1988), Prestowitz (1988), Glickman and Woodward (1989), Spencer
(1988) and Frantz and Collins (1989). Other discussions by Morgan Guaranty
(1989), Reich (1991), Peterson (1989) and Fry (1980) provide excellent, balanced
arguments. Discussions of FDI in literature have focused mainly on the national
economy as a whole, while FDI considerations on a regional basis, or more specifically
on an urban basis, have been somewhat ignored. And while there is an established
research base concerning the factors which attract industries to an urban regions,
research on the role of govenunent in encouraging foreign direct investment- based
economic development is absent of any serious analytical discussion. The main objective
of this paper is to fill the gap created by this absence.
- ISSN
- 1225-5017
- Language
- English
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