Titlebook: Newly Industrialising Economies and International Competitiveness; Market Power and Kor Doo-Jin Kim,Young-Chan Kim Book 2006 Doo-Jin Kim an

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Newly Industrialising Economies and International Competitiveness978-0-230-62670-6

AGGER

Introduction,he EU, the US 25 per cent, and Japan 19 per cent (Hirst and Thompson, 1999: 149). Despite a body of literature on the Smithian market mechanism, it cannot be denied that a variety of industrial policies and strategic trade policies, aggressively orchestrated by national governments, especially the ‘

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,International Trade Regime, Big Business as ‘Market-makers’ and the Wealth of Nations,subordinate’ to the market and to the state (Peterson, 1989: 390). Rather, since the 1980s industrial enterprises have emerged as countervailing forces against the state as well as the market. With specific regard to the relationship between the business firm and the market, Peterson (1989: 381, 390

Indict

International Competitiveness and the Shifting Contours between State and Corporate Power,an state-corporate power relations have shifted significantly compared to the Japanese case. The chapter concludes by suggesting that under the pressure of globalisation, market power mainly originated by the Korean private sector gradually gives rise to economic power as well as political power in

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Introduction,lth of nation’ within their domestic markets. In order for latecomers to survive (Hirst and Thompson, 1999), the notion of international competitiveness in conjunction with export-driven market-creation has tended to become the primary concern of the policy-makers in industrialising countries. In th

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International Competitiveness and the Shifting Contours between State and Corporate Power,er through a case study of Korean state-corporate power in terms of so-called . governance. The chapter explores how the nature of industry has transformed state-corporate power relations. This will also investigate the question as to why Korean big business can be regarded as a political power rath

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The Political Economy of Technology in Global Markets and Transforming Governance of Korean ,cs industry in world markets, this chapter provides an empirical study of individual Korean MNCs acting as market-makers, alongside the growth of Korean MNCs. To develop the argument, the chapter considers three seemingly related observations. Firstly, it appears that a particular industry in one co

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