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Seoul Searching: How to Move Beyond the Export-oriented “Asian Development Model"

  • Joon Nak Choi*
  • *Corresponding author for this work

Research output: Book/ReportResearch Report

Abstract

As firms in a rising China have upgraded their industrial competitiveness, Korean firms have lost ground in industries that they dominated not long ago. Prioritizing capabilities needed for export-oriented industrialization had the unintended effect of stunting SMEs and limiting their capabilities. It is important for Korea to focus on policies intended to remedy the historical underdevelopment of the SME sector.
Original languageEnglish
Publication statusPublished - 2018

Publication series

NameHKUST IEMS Thought Leadership Briefs

Keywords

  • Behavioral studies
  • Financial development
  • China as technology leader

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