This Dissertation investigates the effect of technology policy to inward foreign direct investment in Korea and inward foreign direct investment to Korea's technological capability. According to the view of Rational Choice-New institutionalism, this d...
This Dissertation investigates the effect of technology policy to inward foreign direct investment in Korea and inward foreign direct investment to Korea's technological capability. According to the view of Rational Choice-New institutionalism, this dissertation investigates the institutional factor of the transformation of inward foreign direct investment in Korea, such as the transformation of the structure of Korea's policy making and the presidential technological leadership, the transformation of direction and contents of Korea's technology policy, the development of Korea's technological capability, and the transformation of international environments.
After 1994, Korea's policy about inward foreign direct investment is alienated from relationship with technology policy and the development of national technological capability. So, the effect of inward foreign direct investment to the development of Korea's technological capability should be investigated carefully.
The main conclusions are as follows:
1. The structure of Korea's policy making transformed from authoritarian arrangements to pluralistic arrangements as Korea's regime has been evolving developmental state to postdevelopmental state. And Korea's presidential technological leadership transformed from policy maker to policy modulator.
2. Koreas technology policy transformed from demand pull-diffusion oriented technology policy(1962-1974) to demand pull-mission oriented technology policy(1975-1979), to technology push-mission oriented technology policy(1980s), and to technology push-diffusion oriented technology policy(1990s). Korean government liberalized inward foreign direct investment more in the period of technology push and diffusion-oriented technology policy than in the period of demand pull and mission-oriented technology policy.
3.
1) Korea's government restrained inward foreign direct investment from 1962 to 1983, Which time Korea developed inherent technological capability through the imitation of foreign mature technology.
2) Korean government liberalized inward foreign direct investment from 1984 to 1994, which time Korea internalized foreign technology through inherent R&D. During this period, Korea's firms invested more than before in technology development.
3) Korean government promoted inward foreign direct investment after 1994, which time WTO was organized and Korea became a member of OECD.
4. Before 1994, inward foreign direct investment in Korea contributes to the development of Korea's technological capability. But After 1994, it is not clear that inward foreign direct investment in Korea contributes to the development of Korea's technological capability.