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本科毕业论文外文翻译
外文题目: Catching-up, crisis and industrial upgrading:
Evolutionary aspects of technological learning
In Korea’s electronics industry
出 处: Asia Pacific Journal of Management
作 者: Dieter Ernst
A SIMPLIFIED MODEL
A distinguishing feature of the Korean model has been a symbiotic relationship between governments and large business groups (the chaebols). This has given rise to the following vicious circle of truncated industrial upgrading a heavy reliance on credit and an extremely unbalanced industry structure has led to a narrow knowledge base, and a sticky pattern of specialization. The development of Korea’s electronics industry fits the pattern of large-scale, capital-intensive latecomer industrialization described by Gerschenkron (1962): easy access to large amounts of patient debt capital has been a critical source of competitive strength for the Korean chaebols. This has shaped key features of corporate strategy in terms of product specialization, type of production, size of commitment and entry strategy, vertical integration, competition focus and technology management. Korea’s successful entry into the electronics industry has been a forced march to develop a mass production capacity that can serve high-growth export markets for homogeneous products; very little upgrading has occurred into higher-end and rapidly growing market segments for differentiated products and services.
Once a decision has been made to enter a sector, the chaebols normally move in on a massive scale and in a highly integrated manner. By channeling funds at concessionary terms to a handful of chaebols, the state has created powerful domestic oligopolies. Korea’s extremely unbalanced industry structure has given rise to a peculiar form of competition strategy: firm growth has occurred through octopus-like diversification into many different and unrelated industries
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