MULTIPLE EQUILIBRIA: IS BIG PUSH POSSIBLE? EVIDENCE FROM THE KAESONG INDUSTRIAL COMPLEX IN NORTH KOREA
This paper tests whether Big push of moving from lower level equilibrium(poverty trap) to higher one(industrialization) could occur in North Korea. The KAESONG Industrial Complex(KIC) in which some South Korean firms have just started doing business with North Korean labor, will be the main focus of...
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| Format: | Article |
| Language: | English |
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People & Global Business Association (P&GBA)
2007-09-01
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| Series: | Global Business and Finance Review |
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| Online Access: | http://www.gbfrjournal.org/pds/journal/thesis/20150623134924-RHVAN.pdf |