Business in Korea and China in the Age of Geopolitical Rivalry: Industrial Policy, Non-market Strategy, and Global Value Chain Realignment
Journal: Asia Pacific Business Review
The global business landscape is witnessing a fundamental shift from a market-driven logic of efficiency to an era of "Integrated Strategy" (Baron, 1995), where geopolitical interests and economic security dictate corporate strategic choices. The recent intensification of geopolitical tensions has accelerated the "Return of Industrial Policy," signaling that the competitive advantage of Multinational Enterprises (MN…