net result will be an increase in income and ultimately wealth and well-being for everyone in the free trade area. However the theory refers only to aggregate wealth and says nothing about the distribution of wealth. In fact there may be significant losers, in particular among the recently protected industries with a comparative disadvantage. The proponent of free trade can, however, retort that
1. Hyundai Motor Company
In 1999, Hyundai Motors merged KIA motors. After that, it was almost oligopoly of Hyundai Motors in Korean car market . But the recession of Korean economy, the sales of domestic market was so unstable that Hyundai had to find new ways for 'Cash Cow'.
(10,000cars)
FDI 유치에 성공한 나라들은 외국자본에 대한 개방적인 태도를 견지하여 외국자본이 국내자본에 비해 차별대우를 받지 않는다는 원칙을 지키고 있다. 국내에 투자한다면 자본의 국적은 문제가 되지 않는다.
국내외 자본에 대한 개방적 태도는 해외자본의 국내유입을 촉진하는 동시에 국내자본의 해외
FDI, even briefly surpassing it in 2002 during which its capital inflows were up to $50 billion. Now China ranks third with capital inflows of $60.6 billion behind only to the UK (78.3 billion) and US (96.8 billion) - and is the largest recipient of FDI among developing countries.
2. FDI is the best means of technology transfer in the world today. In addition to the capital that is injected,