Extended Model (2): The Nine-Factor Model

The following sections are included:SUMMARY AND KEY POINTSINTRODUCTIONTHE THEORETICAL BACKGROUND TO INTERNATIONAL COMPETITIVENESSA Definition of International CompetitivenessExisting Studies on Determinants of International CompetitivenessA NEW MODEL OF INTERNATIONAL COMPETITIVENESS FOR LESS DEVELOPED COUNTRIESThe Nine-Factor ModelPhysical factorsHuman factorsThe external factor: Chance eventsTHE LIFE CYCLE OF NATIONAL COMPETITIVENESSLess Developed StageDeveloping StageSemi-Developed StageDeveloped StageTHE LIFE CYCLE OF INDUSTRIAL COMPETITIVENESSEarly StageGrowth StageMaturing StageDeclining StageCASE STUDIES: KOREA'S MAJOR INDUSTRIESThe Semiconductor IndustryThe Automobile IndustryThe Steel IndustryThe Apparel IndustryCONCLUSIONA Comparison of Four IndustriesImplications for the Korean EconomyImplications for Other NationsLimitations of the Study and Suggestions for Future ResearchREFERENCES