The Korean Economy

The Challenges of FDI-led Globalization

Wan-Soon金正日,朝鲜想ty Business School and formerly of the Institute for Global Economics, Seoul, Korea and You-il Lee, International Graduate School of Business, University of South Australia, Adelaide, Australia

The Korean Economy examines how Korea’s inward FDI-led globalization, particularly since the financial crisis of 1997, has been experienced, understood, managed and often strongly resisted in various economic, social and cultural domains. It is an in-depth analysis combining perspectives from politics and economics, examining a number of grievances as seen through the eyes of actual foreign investors operating in Korea. The authors argue that it is precisely these obstacles that need to be addressed if Korea is to live up to its full potential in terms of becoming a truly attractive magnet for FDI and comprehensively integrating into the global economy. The authors make a convincing case that the challenges Korea currently faces are by no means limited to institutional and policy reforms, but rather are entrenched in an anti-globalization mindset shared by all sectors of society.

‘. . . will be of great interest both to scholars and students working in the areas of international business and globalization and to policy-makers seeking to promote inward investment.’
– Judith Cherry, Pacific Affairs

‘These two leading experts on the Korean economy explain in easy to understand detail the intricacies and concepts behind the Korean economic enigma.’
– Korea IT Times

‘Written by two leading experts on the internationalization of the Korean economy, this book is a “must read” for any business person contemplating establishing a business presence in Korea. The book contains a solid treatment of foreign direct investment theory, the history of foreign direct investment in Korea and its benefits. However, perhaps the most interesting and controversial aspect of this book is its underlying theme that if Korea is to truly benefit from its economic interaction with the wider global community, there needs to be a fundamental change of mindset by policy makers, business and the general public towards a more open, accepting and receptive attitude to foreign ideas, culture, businesses and products.’
– Bernard Bishop, Griffith University, Australia