Family-Based Business Groups: Degeneration of Quasi-Internal Organizations and Internal Markets in Korea
Nam, Sang-Woo | December 2001
Abstract
At the early stages of development, a close government-business partnership (here a QIO) and internal markets within a business group can often be advantageous. But as economies mature and are exposed to more complex and uncontrollable factors, including globalization, governments and businesses need to grow out of these limiting QIOs and internal markets. Otherwise, as the author shows, they run the risk of being stuck with a worn-out, inefficient, and potentially corrupting system.
Citation
Nam, Sang-Woo. 2001. Family-Based Business Groups: Degeneration of Quasi-Internal Organizations and Internal Markets in Korea. © Asian Development Bank Institute. http://hdl.handle.net/11540/4134. License: CC BY 3.0 IGO.Keywords
Financial Sector Reform
Financial Reform
Financial Policy
Rural Poverty
Economic Development and Finance
Development Financing
Business Financing
Investment Requirements
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