Assessing South Korea’s Globalization Strategy and the International Competitiveness of the Seoul Metropolitan Area

Vastag, Gyula and Rondinelli, Dennis A. (1998) Assessing South Korea’s Globalization Strategy and the International Competitiveness of the Seoul Metropolitan Area. COMPETITION AND CHANGE: THE JOURNAL OF GLOBAL BUSINESS AND POLITICAL ECONOMY, 2 (3). pp. 299-329. ISSN 1024-5294

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Abstract

Korea's pursuit of globalization is being driven by its membership in international trade organizations, its international trade agreements, and the need to accelerate exports, its primary source of economic growth . Reforming its international trade regime, however, is only part of what Korea must do to make its corporations more competitive in international markets . National policies must be supported by favorable business conditions in cities and metropolitan areas where industries are located . The "international competitiveness" of the Seoul metropolitan area, together with national economic policies, liberalization of its international trade regime, and the development of agile firms and industries will determine how effectively and how quickly the Korean government achieves its objectives of globalizing Korea's economy and society.

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