Characteristics of the Investment Development Path of the Republic of Korea

Student: Khan Aleksandr

Faculty: Faculty of World Economy and International Affairs

Educational Programme: Asian Studies (Bachelor)

Final Grade: 9

Year of Graduation: 2020

This paper reviews the problem of complex correlation between South Korean economic development and both foreign and domestic multinational enterprises’ (MNEs) economic activity. Based on the Investment development path (IDP) hypothesis which explains the interdependence between gross national income (GNI) growth and a net outward investment position (NOIP) as well as the Eclectic paradigm of international production it would be possible to evaluate stages of South Korean IDP as well as discover certain characteristics of national economic policy under the influence of natural assets on the basis of previous research concerning aforementioned topics. During more than a 60-year period of national economic development the Republic of Korea (ROK) has experienced 3 from five stages of IDP and stepped towards the 4th stage which implies growing prevalence of country’s ‘export’ of direct investment over foreign equity ‘import’. In addition, both foreign and outward direct investment has overcome structural evolution. Yet certain characteristics of natural assets, economic policy and local market affect trajectory of ROK’s economic development as well as local and foreign MNEs’ behaviour. Keywords: Investment development path stages of ROK, the Eclectic paradigm, outward direct investment, inward direct investment, gross national product, OLI specific advantages

Full text (added May 14, 2020)

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses