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The Korean FDI Policy before and after the Financial Crisis in 1997: Lessons for Uzbekistan

초록/요약

Abstract This thesis attempts to investigate Korean Inward FDI policy before and after the Asian financial crisis in 1997 and the similarities between Korean and Uzbekistan FDI policies. As well-known that the financial crisis is a global challenge for all country in the world that influences negative impacts on every sphere in economy. FDI is one of the factors to develop the economy of countries. At the initial stage of economic development, Korea preferred foreign loans over FDI. Only after the 1997 financial crisis Korean government start active inward FDI. Inflows of FDI played a significant role in the development of Korean economy. This study prove the similarities between both countries in terms of FDI policies and measures which have been accepted by the state and which have served as positive factor in the further development of Korea and Uzbekistan.

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목차

1. Introduction 1
2. Theoretical review of FDI 4
2.1. The role of FDI in economic development 4
2.2. The advantage and disadvantages of FDI for Economic Development of the country 6
3. Korean Government FDI Policy 9
3.1 FDI Policy before the Asian Financial Crisis 9
3.2. FDI Policy after the Asian financial crisis 13
4. Foreign Direct Investment inflows to Uzbekistan 17
4.1 Overview of economy of Uzbekistan 17
4.2 Foreign Direct Investment inflows 21
5. Similarities of Korean and Uzbekistan Investment policy 27
5.1 Similarities and differences between Korea and Uzbekistan in development of FDI 27
5.2 Recommendations for Uzbekistan from the experience of Korean FDI policy 36
6. Comparing the level of economic development of Korean and Uzbek Economies 37
6.1 Similarities between Korean and Uzbek Economies 37
6.2 Is FDI necessary to Uzbekistan 39
7. Conclusion 42
References 44
Appendix 1 47

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