소장기록
제목Effects of Outward Foreign Direct Investment on Home Country Performance : Evidence from Korea
설명We could not find any evidence that outward foreign direct investment of Korean multinational firms had a detrimental effect on home country performance. Even though Korean multinational firms depend less on foreign fund developed country firms, overseas investment due to the small amount of OFDI relative to domestic investment and the increased demand for domestic investment through increased exports. Moreover, they finance an increasingly large part of overseas investment from abroad. The OFDI of Korean multinational firms was also discovered to have a positive effect on exports. High shares of developing countries and close association of the parents to foreign subsidiaries. Domestic employment also do not seem to have been affected by OFDI for similar reasons. As pointed out in previous sections, the lack of evidence of OFDI having harmful effects on home country performance can be attributed to the fact that Korean OFDI has been at the infant stage, where OFDI is not big enough to significantly affect the domestic economy, and strategies associated with OFDI are not complex enough to substitute for exports on the net balance. The question coming out from this context will naturally be "Can this continue to hold as Korean OFDI increases and its strategies become more complex?". The answer depends on how large a portion of OFDI will be involved in such complex strategies where foreign subsidiaries increasingly strengthen their independent position and play a stronger role as the export base within the firm. A few business conglomerates have already started complex strategies on a regional scope with which both local sourcing and foreign subsidiaries` exports have increased. It is not clear at this stage how far and fast the strategies will go and how many firms will be able to pursue the strategies.
생산자김승진
날짜1998-07-01
기록유형문서류
기록형태보고서/논문
주제정치경제
연관링크http://www.kdi.re.kr/research/subjects_view.jsp?pub_no=963
식별번호KC-R-00591
제목Effects of Outward Foreign Direct Investment on Home Country Performance : Evidence from Korea
설명We could not find any evidence that outward foreign direct investment of Korean multinational firms had a detrimental effect on home country performance. Even though Korean multinational firms depend less on foreign fund developed country firms, overseas investment due to the small amount of OFDI relative to domestic investment and the increased demand for domestic investment through increased exports. Moreover, they finance an increasingly large part of overseas investment from abroad. The OFDI of Korean multinational firms was also discovered to have a positive effect on exports. High shares of developing countries and close association of the parents to foreign subsidiaries. Domestic employment also do not seem to have been affected by OFDI for similar reasons. As pointed out in previous sections, the lack of evidence of OFDI having harmful effects on home country performance can be attributed to the fact that Korean OFDI has been at the infant stage, where OFDI is not big enough to significantly affect the domestic economy, and strategies associated with OFDI are not complex enough to substitute for exports on the net balance. The question coming out from this context will naturally be "Can this continue to hold as Korean OFDI increases and its strategies become more complex?". The answer depends on how large a portion of OFDI will be involved in such complex strategies where foreign subsidiaries increasingly strengthen their independent position and play a stronger role as the export base within the firm. A few business conglomerates have already started complex strategies on a regional scope with which both local sourcing and foreign subsidiaries` exports have increased. It is not clear at this stage how far and fast the strategies will go and how many firms will be able to pursue the strategies.
생산자김승진
날짜1998-07-01
크기 및 분량34쪽
언어영어
출처한국개발연구원
연관링크http://www.kdi.re.kr/research/subjects_view.jsp?pub_no=963
기록유형문서류
기록형태보고서/논문
대주제정치경제
소주제금융
자원유형기록
파일 a07c4592cf75eb76fcfe63d62f955ecd.pdf
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