International competitiveness has largely been discussed at the macroeconomic level, The development of an economy is, however, the summation of productions undertaken by individual enterprises and its international competitiveness reflects the compet...
International competitiveness has largely been discussed at the macroeconomic level, The development of an economy is, however, the summation of productions undertaken by individual enterprises and its international competitiveness reflects the competitiveness of individual firms, signifying the importance of firm-level analysis. Thus, this article examines the Korea`s competitiveness from an organization theory perspective, particularly from theories related to the firm`s absorptive capacity. For this purpose, it first introduces a conceptual framework that depicts the process of the accumulation of absorptive capacity at the firm level. Using this framework as an analytical tool, it analyzes the economic performance of the Korea`s past and diagnoses economic health of the Korea`s future. Then, it concludes by offering several implications for corporate management and public policy.