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The Strategy for Korea's Economic Success - Oxford Scholarship Online
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The Strategy for Korea's Economic Success

Hwy-Chang Moon


Due to the unprecedented pace at which it developed, Korea’s economic rise is worthy of careful analysis. Although various theories such as catch-up strategy and scholars have tried to analyze Korea’s development with numerous success factors, there is a lack of a comprehensive and detailed framework for explaining Korea’s competitive advantages. This is to be remedied by the proposed ABCD model. The ABCD model consists of four factors that holistically describe how Korea converted its disadvantages into competitive advantages. These are agility (speed + precision), benchmarking (learning + be ... More

Keywords: Korea’s economic success, development, growth, internationalization, competitive advantage, ABCD model, catch-up strategy

Bibliographic Information

Print publication date: 2016 Print ISBN-13: 9780190228798
Published to Oxford Scholarship Online: May 2016 DOI:10.1093/acprof:oso/9780190228798.001.0001


Affiliations are at time of print publication.

Hwy-Chang Moon, author
Professor and Dean, Graduate School of International Studies, Seoul National University