Industrial alliance for competitiveness: The case of Korea

IMF stabilization policy has forced Korea to implement significant reforms. Arguing the changes necessary to catalyze a revitalization of the Korean economy, this paper contends that Korea is going to emerge from the crisis more competitive, having better allocated its resources along with facilitat...

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Bibliographic Details
Published inMultinational business review Vol. 8; no. 2; p. 43
Main Authors Hyung-Yoon Byun, Youn-Suk, Kim
Format Journal Article
LanguageEnglish
Published Bingley Emerald Group Publishing Limited 01.10.2000
Subjects
Alliances
Asset management
Bailouts
Bond issues
Capital markets
Competition
Corporate debt
Currency
Debt management
Debt restructuring
Economic crisis
Economic reform
Equity
Equity funds
Financial institutions
Financial services
High technology
Human capital
Interest rates
Labor market
Loans
Merchant banks
Nonperforming loans
Production functions
Recapitalization
Studies
South Korea
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Summary:IMF stabilization policy has forced Korea to implement significant reforms. Arguing the changes necessary to catalyze a revitalization of the Korean economy, this paper contends that Korea is going to emerge from the crisis more competitive, having better allocated its resources along with facilitating technology-based industrial alliance with global companies. Korea is at a crossroads, and its present crisis signifies a challenge which the success of developmental efforts brings with it. Since Korea can no longer rely on technology and R&D imports, it has to reformulate its technology policy, creating a climate for catching up high technology.
ISSN:1525-383X
2054-1686