LARGE-SMALL FIRM NETWORKS - A FOUNDATION OF THE NEW GLOBALIZING ECONOMY IN SOUTH-KOREA

In this paper the author examines how Korea's export-oriented economy has laid its new foundation for global. competitiveness by deepening i nterfirm linkages. Korea's interfirm linkages refer mainly to the rela tionship between large and small firms. Recent corporate restructuring in the large and small firm sectors has caused denser and highly dyna mic intercorporate networks to arise. The author argues that the globa lizing of economy in Korea is encouraged by efficacious global-local t ransactions;via large-small firm networks, a matter ignored by most an alysts. Major foci are on analyzing the forms, structures, governing m echanisms, and function of large-small firm networks.