Does regionalism matter? Local politics and foreign direct investment in South Korea. Issue 3 (8th July 2019)

• Record Type: Journal Article
• Authors: Kim, Dong-Hun; Paek, Sunwoo
• Is Part Of: Asian education and development studies. Volume 8:Issue 3(2019)
• Page Start: 295
• Page End: 306
• Publication Date: 2019-07-08
• Subjects: South Korea -- Regionalism -- Foreign direct investment; Education -- Social aspects -- Asia -- Periodicals; Education -- Economic aspects -- Asia -- Periodicals; Education -- Asia -- Periodicals; 370.95
• DOI: 10.1108/AEDS-02-2018-0041
• Languages: English
• ISSNs: 2046-3162

Abstract

Abstract : Purpose: The purpose of this paper is to examine how political/authoritarian regionalism affects foreign direct investment (FDI) in sub-national states in South Korea. Design/methodology/approach: This paper employs statistical analysis to examine the relationship between regionalism and FDI, along with historical description of regionalism in South Korea. Findings: The analyses suggest that not only authoritarian regionalism influence foreign investment to the region but also political regionalism matters. Sub-national states with higher authoritarian regionalism receive less foreign investment while sub-national states with high political regionalism, which imply political stability, receive more FDI than others. Originality/value: The paper examined how local politics influence foreign investments in South Korea, and suggests stronger decentralization will positively influence FDI in the future.