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State and market in Korea : host country bargaining power and FDI policy.

Shin, Seung-hoon (2007) State and market in Korea : host country bargaining power and FDI policy. PhD thesis, University of Sheffield.

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Abstract

The purpose of this thesis is to detennine what constitutes desirable Foreign Direct Investment (FDI) policies for the state in the age of globalisation. The study begins with the realistic assumption that FDI has variable effects on host economies, and that multinational corporations (MNCs) are fundamentally national finns doing business internationally. This assessment of FDI reflects the needs of government efforts to increase their bargaining power vis-a-vis MNCs in order to maximise the positive effects of FDI while minimising its negative effects. Based on this view, I develop a theoretical framework, namely the N eo Bargaining Model (NBM) , and identify the factors that have an impact on government bargaining power. The model is applied to the Korean state and produces the following findings that: (1) the bargaining power of the Korean state has diminished constantly over time; (2) the Korean state's bargaining power has been affected by internal factors (the decline of the developmental state) and external factors (the progress of globalisation); and (3) the bargaining power of the state affects its bargaining outcomes. Finally, these findings enabled me to argue that: (1) the state must have strong bargaining power in order to attain more beneficial effects and less hannful consequences from the MNCs; (2) in order to increase the bargaining power of the state, an active role of the state in the market is required; and (3) lastly, the NBM suggests ways for the state to increase its bargaining power, which are the key for successful FDI policy in the global era.

Item Type: Thesis (PhD)
Academic Units: The University of Sheffield > Faculty of Social Sciences (Sheffield) > School of East Asian Studies (Sheffield)
Identification Number/EthosID: uk.bl.ethos.444874
Depositing User: EThOS Import Sheffield
Date Deposited: 14 Apr 2016 12:50
Last Modified: 14 Apr 2016 12:50
URI: http://etheses.whiterose.ac.uk/id/eprint/10299

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