The Strategy for Korea's Economic Success

Hwy-Chang Moon received his PhD from the University of Washington and is currently a professor at Seoul National University, where he also served as dean. He has delivered special lectures at various institutions, including the Helsinki School of Economics, Keio University, and Stanford University. Dr. Moon has also consulted for several multinational companies, international organizations, and governments (e.g., Malaysia, Dubai, Azerbaijan, and the Guangdong Province of China). He has published numerous articles and books on topics covering International Business Strategy, Cross-Cultural Management, and Economic Development in East Asia with a focus on South Korea.

"This is a mind-opening book in two ways. First, it analyzes Korea's development with all the depth of a sharp witness. Second, it goes much beyond an analysis of Korea by providing the ABCD model-a comprehensive framework that should be seen as a 'hub' for many existing models and enriches considerably the Western concepts on economic development." -- Patrick Messerlin, Professor of Economics, Sciences Po"An insightful book by a veteran of competitiveness, provides a holistic explanation of 'Strategy for Korea's Economic Success' spanning leadership across levels; ideas can be adapted by firms and nations. The ABCD model explains competitive advantages and core competence." -- K. S. Momaya, Professor, SJM School of Management, IIT Bombay"This book is must reading for business researchers, policymakers and consultants who seek a comprehensive understanding of the economic success of Korea and the lessons learned for other countries. Unlike previous studies that were mostly based on an economic perspective, Moon presents a comprehensive interdisciplinary analysis of both economic and non-economic factors at the country, industry, firm, and individual levels that have contributed to Korea'srapid economic growth. This integrative analysis results in an insightful four-dimensional (with eight explanatory factors) ABCD model of economic competitiveness.I see great potential in the ABCD model as an analytic framework for studying the economic development of other countries, particularly those that lack substantial factor endowments and need to create their own competitive advantages just like Korea was some 50 years ago." -- Joe Cheng, Professor of Management and Michael J. Crouch Chair in Innovation, Australian School of Business, University of New South Wales, Australia and Professor Emeritus of Business Administration, College of Business, University of Illinois at Urbana-Champaign"This book has the most comprehensive account to date of South Korea's rise through a novel and convincing framework of what the author calls the 'ABCD' model. It is an excellent resource for experts and policymakers as well as students who are interested in learning more about the Korean miracle." -- Gi-Wook Shin, Korea Stanford Alumni Chair of Korean Studies, Stanford University

• PART I. THE MIRACLE OF KOREA Chapter 1. Foundations of Korea's Economic DevelopmentChapter 2. Korean Government Leadership for National GrowthChapter 3. Korean Business Leadership for Corporate Growth PART II. THE ABCD MODEL: A NEW FRAMEWORK FOR EXPLAINING KOREA'S ECONOMIC SUCCESS Chapter 4. The ABCD Model: The Success Factors of Korea's Economic GrowthChapter 5. The ABCD Model: Theoretical FoundationChapter 6. The ABCD Model: Application to Korea's Three Successful Firms PART III. INTERNATIONALIZATION: BROADENING THE SCOPE OF STRATEGIC CHOICES Chapter 7. Internationalization at the National LevelChapter 8. Internationalization at the Firm LevelChapter 9. Understanding Internationalization from a Cultural Perspective PART IV. KOREA IN THE FUTURE Chapter 10. New Challenges in KoreaChapter 11. Korea's Competitive Advantages in the FutureChapter 12. The Generalization of the ABCD ModelConclusion