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@article{ART002338528},
author={Jae-Youl Lee and Park Kyonghwan},
title={Understanding the Societal Embeddedness of Transnational Corporations: From the Business Systems Perspective},
journal={Journal of the Association of Korean Geographers},
issn={2287-4739},
year={2018},
volume={7},
number={1},
pages={85-96},
doi={10.25202/JAKG.7.1.7}

TY - JOUR
AU - Jae-Youl Lee
AU - Park Kyonghwan
TI - Understanding the Societal Embeddedness of Transnational Corporations: From the Business Systems Perspective
JO - Journal of the Association of Korean Geographers
PY - 2018
VL - 7
IS - 1
PB - Association of Korean Geographers
SP - 85
EP - 96
SN - 2287-4739
AB - This paper problematizes the contemporary discussion of relational regional development because it lacks any conceptual device that can shed lights on the societal embeddedness of transnational corporations (TNCs), and also addresses the problematic with a neo-institutionalist discourse on national business systems. Unlike pre-existing conventional views centered on the geographic expansion of oligopoly power and profits, the business systems literature emphasizes the association between firms’ transnational operation and (in)formal institutions in their home country. For the reason, this article considers the frame of business systems to be a useful conceptual guide that helps examine the nexus of relational regional development and TNCs’ societal embeddedness. It then reviews six ideal-types of business systems from a cross-national comparative perspective, and suggests their implications on TNCs’ global-local operations, and on concrete case studies in Korea as well. In line with critical reviews from some economic geographers, some caveats in the adoption of business system literature are also outlined.
KW - Transnational corporations;Embeddedness;Business systems;Regional development;Relational turn
DO - 10.25202/JAKG.7.1.7
ER -

Jae-Youl Lee and Park Kyonghwan. (2018). Understanding the Societal Embeddedness of Transnational Corporations: From the Business Systems Perspective. Journal of the Association of Korean Geographers, 7(1), 85-96.

Jae-Youl Lee and Park Kyonghwan. 2018, "Understanding the Societal Embeddedness of Transnational Corporations: From the Business Systems Perspective", Journal of the Association of Korean Geographers, vol.7, no.1 pp.85-96. Available from: doi:10.25202/JAKG.7.1.7

Jae-Youl Lee, Park Kyonghwan "Understanding the Societal Embeddedness of Transnational Corporations: From the Business Systems Perspective" Journal of the Association of Korean Geographers 7.1 pp.85-96 (2018) : 85.

Jae-Youl Lee, Park Kyonghwan. Understanding the Societal Embeddedness of Transnational Corporations: From the Business Systems Perspective. 2018; 7(1), 85-96. Available from: doi:10.25202/JAKG.7.1.7

Jae-Youl Lee and Park Kyonghwan. "Understanding the Societal Embeddedness of Transnational Corporations: From the Business Systems Perspective" Journal of the Association of Korean Geographers 7, no.1 (2018) : 85-96.doi: 10.25202/JAKG.7.1.7

Jae-Youl Lee; Park Kyonghwan. Understanding the Societal Embeddedness of Transnational Corporations: From the Business Systems Perspective. Journal of the Association of Korean Geographers, 7(1), 85-96. doi: 10.25202/JAKG.7.1.7

Jae-Youl Lee; Park Kyonghwan. Understanding the Societal Embeddedness of Transnational Corporations: From the Business Systems Perspective. Journal of the Association of Korean Geographers. 2018; 7(1) 85-96. doi: 10.25202/JAKG.7.1.7

Jae-Youl Lee, Park Kyonghwan. Understanding the Societal Embeddedness of Transnational Corporations: From the Business Systems Perspective. 2018; 7(1), 85-96. Available from: doi:10.25202/JAKG.7.1.7

Jae-Youl Lee and Park Kyonghwan. "Understanding the Societal Embeddedness of Transnational Corporations: From the Business Systems Perspective" Journal of the Association of Korean Geographers 7, no.1 (2018) : 85-96.doi: 10.25202/JAKG.7.1.7