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The Strategy for Korea's Economic Success$
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Hwy-Chang Moon

Print publication date: 2016

Print ISBN-13: 9780190228798

Published to Oxford Scholarship Online: May 2016

DOI: 10.1093/acprof:oso/9780190228798.001.0001

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Internationalization at the National Level

Internationalization at the National Level

(p.133) Chapter 7 Internationalization at the National Level
The Strategy for Korea's Economic Success

Hwy-Chang Moon

Oxford University Press

Contrary to popular criticism on internationalization, there are more benefits once a country implements open door policy. This is because a country will then be able to enjoy the broader scope of choices and gain more opportunities for growth. In an increasingly globalized environment, it is becoming clear that internationalization plays a key part in national economic development. This can be seen by contrasting the history and effects of internationalization in four countries (United States, Japan, China, and India), each with its own degree of openness. Application of the ABCD model further validates the necessity of internationalization and provides guidelines for its effective implementation for moving forward.

Keywords:   economic development, growth, internationalization, open door policy, opportunity, ABCD model

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