• Title/Summary/Keyword: economic globalization

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Economic Growth, Crisis, and Recovery in Cameroon: A Literature Review

  • Tambi, Mbu Daniel
    • The Journal of Industrial Distribution & Business
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    • v.6 no.1
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    • pp.5-15
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    • 2015
  • Purpose - This study reviews Cameroon's economic growth, crisis, and recovery, aiming to: review the principal factors of Cameroon's real economic growth; explore the causes of its economic crisis analyze the determinants of its economic recovery; and suggest appropriate policies to ameliorate economic growth. Research design, data, and methodology - By reviewing the relevant literature and economic indicators, we observed that from the 1980s to the present, Cameroon experienced all the possible business cycle phases: economic prosperity (until 1985), economic and social crisis (1986-1994), and renewed economic growth (after 1995). Results - As a result of the economic changes in Cameroon, its macroeconomic indicators have evolved. Poverty and inequality have changed in both quantitative and qualitative terms. Throughout the examined period, rural poverty has become more widespread, deeper, and more severe than urban poverty, while inequality has experienced greater increases in urban areas relative to rural zones. Conclusions -To reap maximum benefits and reduce poverty from these economic changes, Cameroon needs to liberalize trade and foreign exchange transactions to attract foreign investment, especially during the current globalization.

Strategic CSR, Globalization, and Performance of Korean and Chinese Companies (중국과 한국기업의 전략적 CSR 활동과 기업성과)

  • Byun, Sun-Young;Zhu, Xiaoyan;Li, Tai
    • Korea Trade Review
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    • v.43 no.2
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    • pp.205-227
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    • 2018
  • This study reviews strategic CSR, which recently has become a controversial topic, and examines the implications of strategic CSR activities on corporate performance. For this, three hypotheses were set. First we categorize CSR activities into economic, legal·ethical, philanthropic, and social innovation responsibility, and to verify if these CSR activities have positive influences on the performance of Chinese and Korean companies. Second, we explore the moderating effects of globalization between the CSR activities and corporate performance. In addition, CSR activities were separated into traditional and strategic in order, and to determine whether the strategic activities had a more positive influence on corporate performance than traditional CSR activities. For this, a total of 646 surveys (401 from China and 245 from Korea) were collectd from MBA students in China and Korea, and the results were comparatively analyzed.

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Strategies for Globalization of Korean Food through in-depth interviews with Korean restaurants owners in Vietnam (베트남 소재 한식당 경영주 사례조사를 통한 한식세계화 방안)

  • Chung, Hae-Kyung;Kim, Mi-Hye;Kim, Hang-Ran;Kim, Yang-Suk;Choe, Jeong-Sook;Woo, Na-Ri-Yah
    • Journal of the Korean Society of Food Culture
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    • v.26 no.4
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    • pp.383-393
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    • 2011
  • This study aimed to identify efficient methods for the globalization of Korean food in Vietnam. For this, we interviewed owners of 11 Korean restaurants in Hanoi and 9 Korean restaurants in Ho Chi Minh. Due to the rapid economic development of Vietnam, the restaurant industry for the middle class has drastically increased. For the globalization of Korean food, new positioning of Korean restaurants is needed. Research has shown that Korean restaurants need to change their style of management. Although the first generation of Korean restaurant owners managed restaurants as a family business, a new professional management system is now required. Above all, it is necessary to develop and support a comprehensive food culture system in which the menu is suited to the taste of the natives and its recipe is distributed with food material quality control, hygienic control, and operation of a localized management system.

A Study on International Production Sharing and Inbound Globalization - Focusing on the Participation of Small and Medium firms in the GVC based on the Current FDI Trend- (생산의 국제적 분업과 내향적 국제화에 대한 연구 -FDI의 추이 분석을 통한 중소기업 GVC 편입을 중심으로-)

  • Kim, Jong-Il;Lee, Sung-Ah
    • Management & Information Systems Review
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    • v.27
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    • pp.101-129
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    • 2008
  • This study introduced the inclusion of Global Value Chain (GVC) as a strategy for the globalization of domestic industries. In addition, this study intended to highlight direct foreign investment as an important opportunity for enhancing the competitiveness of the domestic small and medium firms. That is, globalization could be realized not only through simple capital inflow, but also through domestic industry's participation in the overseas production network. The analysis of the trend and pattern of direct foreign investment revealed that the FDI inflows heavily dependent on the USA and Japan have been diversified steadily over time. In spite of recent decline trend of overall FDI amount, inflows from European countries in machinery and chemical industries have been rising. These rising and diversifying trends in these industries are promising since FDI inflows have the potential of playing an important role in achieving productivity growth of domestic industries, particularly in the area of comparatively fragile industries such as machinery and chemicals. In the same logic, it is crucial for future growth of Korea that the small and medium firms find their competitive edges through strengthening production networks with foreign multi-national companies. Thus, it is suggested that the policy of globalization of small and medium firms should be based on the firm understanding of GVC and FDI pattern of industries.

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Study on the Failure of Autonomous Mobility in World Network Cities

  • Dae Sung Seo
    • International Journal of Internet, Broadcasting and Communication
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    • v.15 no.3
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    • pp.73-81
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    • 2023
  • Globalized cities are currently showing changes due to autonomous driving (AD). It is also maximizing globalization connections in cities where autonomous mobility is as complex as AD. The purpose of this study is to reveal that cities that realize AD and mobility will grow into globalized cities. Several cities, including New York and Shanghai, have attempted and are in progress, but failed cities are increasing. Although the technology of AD and the trust of citizens are prioritized, the city that has built the city's infrastructure is expected to be a city that has succeeded in AD. This is because commercialized cities or AVs will become hubs for mobility globalization, excluding rapid climate change or AV companies, and empirical analysis has been conducted that if AVs fail in metropolitan New York due to urban complexity (population density), urban economy size (GRDP), patents, number of consumers, infrastructure public EV chargers, and road quality. It examines whether the realization of AD by region and country affects overall national innovation. As a result, even if AV succeeds in large cities such as New York, Seoul, which has a higher population density (complexity), has a negative meaning, and a more similar Tokyo has a positive meaning. It can be seen that regional research on AV should also be prioritized in large cities such as Shanghai. This means that in order for AV to be realized in each city, the construction of AI infrastructure data must be actively changed to establish globalization of cities for economic growth as autonomous mobility.

Changes in the International Trade Flows under the Globalized Economy : Expansion of Intra-Firm Trade and the Impacts on the International Trade Flows (세계화경제에서 국제교역흐름의 변화 : 기업내 교역의 증가와 그의 국제교역 흐름에 미치는 영향)

  • Keumsook Lee
    • Journal of the Economic Geographical Society of Korea
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    • v.3 no.1
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    • pp.35-51
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    • 2000
  • International trade flows have been determined by social, cultural and political environment around the world as well as economic elements. The environment of international trade has changed rapidly as the world has globalized. Significant changes have been generated in the international trade flows. This study investigates the influences of economic globalization on the international trade flows. The changes in international trade flows examined comprehensively by integrating trade with industrial locations, investment, and the various trade related environments. The focus laid on the integration of world economies, such as widening and intensifying international linkages in economic, political and social relation. Special concerns are laid on the impacts of Foreign Direct Investments (FDI) by Trans National Corporations (TNCs), which affect the supply-demand distributions of commodities by industrial relocations, and the expansion of intra-firm trade flows on the international trade flow patterns. The geographical characteristics of tile origins and destinations of FDI flows analyzed, since the spatial patterns of the intra-firm trade flows are determined by them. The FDI and intra-firm trade flow patterns have changed significantly over time.

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The Financial Crisis of Korean Economy and the Changing Economic Space of Gwangiu City (IMF금융위기와 광주권 경제공간의 변화)

  • 김재철
    • Journal of the Economic Geographical Society of Korea
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    • v.3 no.1
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    • pp.5-20
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    • 2000
  • Recently as globalization of financial capital is progressed, possibility of crisis and unreliability of world economy is more growing. Korean economy required radical restructuring because of the financial crisis and the economic changes occurred in that process. This study is to explain the economic changes of Gwanagju city is produced by the financial crisis of Korean economy The most important industries are service and transportation equipment in Gwangju city. These industries began to decrease after financial crisis but machinery equipment, electrical machinery & electronics and rubber goods & plastic industry is growing relatively. Because of the decrease of service, the economy of inner city which service industry relatively agglomerated in is reducing. And agglomeration space for the optical photonics industry was built up by the upbringing policy of government on high-technology industry to overcome the economic crisis and micro industrial space such as venture building and establishment nursery center was built up. But high-technology industries have many geographical limits to embed in Gwanagju city, so there needs to construct regional innovation system for knowledge based economies

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Foreign Direct Investments of Economic Infrastructure-Related Public Companies in Korea(1) : Theoretical Considerations, Trends and Strategies of Public Companies FDI (경제 하부구조 관련 공기업의 해외투자에 대한 연구(1) : 이론적 고찰, 공기업 FDI 특징 및 전략)

  • Kim, Yong-Chang
    • Journal of the Economic Geographical Society of Korea
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    • v.15 no.1
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    • pp.1-25
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    • 2012
  • This paper is the first paper of two linked papers about the FDI of the economic infrastructure-related public companies. This paper analyzes overseas investments of infrastructure public companies which is characterized by state control and support of socio-economic facilities and services. In theoretical consideration the genealogy and characteristics of FDI are examined, and then global FDI trends since 1970, institutional changes and FDI trends in Korea are analyzed. This analysis shows that the globalization of large state-owned enterprises or public companies from developing and transition economies constitutes an important component of FDI and new emerging source of FDI. Finally the objects and strategies of large 10 infrastructure public companies are analyzed in perspectives of features having both advanced and developing economies type.

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The Economic Impact of Multiple Standards in Information Communications & Technology

  • Kim, Bum-Hoan
    • International Journal of Contents
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    • v.3 no.3
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    • pp.20-25
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    • 2007
  • Standards impact the economy in various ways. Moreover, intense competition exists between a variety of standards in this era of globalization. This paper quantifies the economic effect of multiple standards in the Information Communications and Technology (ICT) sector. Thus, it identifies and specifies which standard applies when economic gains exist. A model is developed which quantifies the magnitude of the economic effect of multiple standards as compared with a single standard or no standard. The model allows for both the micro- and macroeconomic gains from standardization to be quantified. Preliminary estimates indicate that at the macro level the multiple standards multiplier is approximately three. That is for every dollar invested, the gain is on the order of three dollars. Although not as robust. preliminary results indicated a similar economic gain at the micro level Overall, multiple standards dominate a single standard. This paper applies the model to IMT-2000, an example of multiple standards, to demonstrate this approach to quantify the standards economic effect.