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East Asian Crisis in South Korea and the Role of International Institutions
Zoller, Martin ; Jiránková, Martina (advisor) ; Zapletal, Petr (referee)
The aim of this paper is to provide greater insight into the role of international organizations, notably the International Monetary Fund, during the crisis in South Korea and objectively evaluate their actions. The first chapter describes the economic development in historical context and subsequent causes of the crisis in South Korea. The second part is devoted to the course of the crisis, its effects on the economy and also the measures that were adopted by the Korean Government. This section also describes the response of the IMF as the major international institution, responsible for the rescue project. The third part focuses on the agenda of the Washington consensus and proposed changes.
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Selected Aspects of Business Environment, Cultural Specifics and the Formation of International Institutional Comparative Advantage of South Korea – Mutual Relationships
Šípková, Martina ; Zamykalová, Miroslava (advisor) ; Kalínská, Emílie (referee) ; Lehmannová, Zuzana (referee) ; Horák, Tomáš (referee)
This thesis deals with historical and socio-cultural context of Korean political economy and its relationships with important aspects of Korean business environment. The work dedicates significant space to chaebols as specific business organizational structures and the application of Korean paradigm of rationality to the reform following 1997 International Monetary and Financial Crisis. The main part of the thesis focuses on the analysis of Korean political economy from the viewpoint of its institutional comparative advantage, through which Korean cultural characteristics influence commodity structure of Korean international trade and Korea's patent specialisation profile. The main contribution of the thesis lies in its effort to document mutual relationships and links among various aspects of Korean political economy. The findings of the thesis show that Korea's socio-cultural characteristics still represent an important factor influencing Korean business environment and local form of capitalism. The continuing existence and success of chaebols in current economy implies that the socio-cultural and economic sources of their existence still prevail despite the increasing number of conglomerates of non-chaebol types operating in Korea since post-crisis reform. The application of "Eastern paradigm" to the post-crisis reform reveals that the reform was based on "Western paradigm" of highly liberal Anglo-American form of capitalism and crisis management was thus ethnocentrically biased. Regarding the institutional comparative advantage, the thesis concludes Korea can be regarded as a group coordinated market economy where mutual links among various agents of its political economy are of outmost importance, with some aspects of liberal market economies. The main coordination mechanism of Korean political economy can be characterised as thick networks of highly particularistic socio-economic relationships based on Korean socio-cultural characteristics. This institutional and socio-cultural set up provides Korean companies with capacities that favour companies'preference of incremental innovation production strategies. However, Korean "mobilizational culture" along with other specific organizational principles and socio-cultural features of Korean corporate culture also provide Korean firms with advantages in some radical innovation fields.
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The Economic Transformation of the Republic of Korea
Finková, Lucie ; Pavlík, Petr (advisor) ; Furst, Rudolf (referee)
This diploma thesis summarizes the issue of the developmnet and the transformation of the Korean economy. It focuses on the development of the economy since the Japanese occupation untill now. Due to this broad time period it's goal is not a detailed analysis of each transformation step and process but rather a general summary of the issue. The emphasis is put on the inner-economic processes as well as on the outside circumstances interfering the economy and on inner political issues. The thesis also clears up some specifics of the Korean economy.
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Business Negotiation with South Koreans
Kabíčková, Anna ; Gullová, Soňa (advisor) ; Laschoberová, Libuše (referee)
The Bachelor Thesis is focused on business negotiation with South Koreans. The aim of the work is to analyze factors influencing business negotiating. There are issues from general geographic, historic and politic areas as well as social-cultural characteristics. Understanding of originality of Korean national specifics and sensitive perception of cultural differences is necessity for creation of perspective business partnership with this country. The work is divided into 4 parts: 1st Basic facts about country, 2nd Korean culture, 3rd Business negotiation, 4th Comparison of Korean business negotiation with the most powerful business partners. The fundament of successful International business negotiation is willingness to understand the partner's opinions and different points of view. Without this attitude is practically impossible to reach effective long-term business partnership and mutual satisfaction.
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Development and quality of institutions in North and South Korea
Drobík, Michal ; Mládek, Josef (advisor) ; Chalupníček, Pavel (referee)
The first, theoretical part of this bachelor thesis, focuses on theory of institutions and in this sence it offers different institutional approaches and sums up main contributions of economists and schools of economic thought in the sphere of institutions. Second, analytical part, describes development of institutions in North and South Korea in order to demonstrate a connection between the quality of institutions and economic performance. It analyses institutional development in Korea before Japanese occupation, during this occupation and consequently development in Republic of Korea and in Democratic People's Republic of Korea. Finally, this bachelor thesis describes current character of institutions in these two states.
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Chinese View on the Korean Peninsula: the Presence and the Future
Drahorád, Vojtěch ; Peterková, Jana (advisor) ; Knotková, Vladimíra (referee)
The thesis focuses on the relationship between China and the Korean Peninsula. It examines China's view on the peninsula, its ties to and influence over this region and its conceptions for the future of the peninsula. The thesis concentrates on the relations between the People's Republic of China and the Democratic People's Republic of Korea. Nevertheless, the relationship between them is analyzed in the context of the Chinese long-term strategy for the Korean Peninsula. The primary Chinese interests related to North Korea are identified together with instruments that can China use to accomplish them. Special focus is given to the assessment of the economic influence that China has over North Korea. However, the Chinese economic leverage is examined in connection with political and military relations between those two countries and in broader context of the development of international relations in Northeast Asia.
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Foreign direct investments from Republic of Korea into the EU (especially into The Czech Republic, Hungary, Poland, and Slovakia)
Tomíšek, Jakub ; Kašpar, Václav (advisor) ; Vošta, Milan (referee)
Presented thesis is focused on the nature of Korean direct investments in European Union, especially in the new central European member states (The Czech Republic, Hungary, Poland, and Slovakia). The major task of thesis is to clarify, which Korean companies invest in central Europe and why do these companies locate their investments in new member states. Additionally, character of existing investments is analyzed. Thesis is divided into three main parts. Firstly, the explanation of development of Korean multinationals is provided. The main question of second part is why Korean multinationals invest in Europe and what the impact of European economic integration is. In the third part, distribution of Korean investments in central Europe is demonstrated. Both the nature of foreign direct investments and the effect of economic integration are analyzed from theoretical perspective first. Subsequently, theoretical concepts are applied on real data. Answer to all three main questions (which, why and how) will provide insight into future development of Korean direct investments in central Europe (middle- and long-term perspective).
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