Catching Up, Chaebols, and Production Systems -- Chapter 2: An Overview of Hyundai Motor’s Production System -- Part Ⅱ … Quasi-Vertical Integration -- Chapter 6: The Overseas Production Network - ‘Model Factories’ and Global Transfer of Hyundai …“This is a remarkable book. Focusing upon Korea’s Hyundai Motor Company, it provides an original account of the success …

We examine the economic justification for providing investment subsidies to foreign-owned multinationals. These provide … returns to scale. Offering subsidies to multinationals may be in the national interest if the investment raises the net value …, countries may compete to attract investment. This subsidy competition transfers much of the rents to the multinationals. …