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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 Firm Level

Internationalization at the Firm Level

(p.149) Chapter 8 Internationalization at the Firm Level
The Strategy for Korea's Economic Success

Hwy-Chang Moon

Oxford University Press

Internationalization plays a key role in promoting the growth of firms and building their competitiveness. Although key decision-makers at the firm and national level often misunderstand the nature of internationalization, it is clear that internationalization plays a critical role in business operations, as demonstrated by how companies that efficiently coordinate their global value chain gain greater competitive advantage. The impact of internationalization on both home and host countries is demonstrated by the implementation of foreign direct investment (FDI) in terms of capital transfer, trade promotion, industry growth and cluster effects, and technology development and innovation. The ABCD model then provides guidelines for effectively implementing internationalization policies at the firm level.

Keywords:   growth of firms, internationalization, global value chain, foreign direct investment (FDI), home and host countries, competitive advantage

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