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The Strategy for Korea's Economic Success$
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Hwy-Chang Moon

Print publication date: 2016

Print ISBN-13: 9780190228798

Published to Oxford Scholarship Online: May 2016

DOI: 10.1093/acprof:oso/9780190228798.001.0001

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The Generalization of the ABCD Model

The Generalization of the ABCD Model

Chapter:
(p.222) Chapter 12 The Generalization of the ABCD Model
Source:
The Strategy for Korea's Economic Success
Author(s):

Hwy-Chang Moon

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780190228798.003.0013

The ABCD model provides much broader implications than just for Korea’s development. It can be further generalized to build competitive advantages both at the firm and national level, and for both developing and developed countries. A national-level analysis is provided by comparing and contrasting the political systems and development experiences of the other Asian NIEs (Singapore, Hong Kong, and Taiwan) in line with the ABCD model. The model provides possibilities for more cooperation than competition among the NIEs. At the firm level, the ABCD model is used to explain the rise of two distinct but prominent companies, Xiaomi and Apple. These cases demonstrate that the ABCDs are useful not only for the latecomers but also for industry leaders because the model ultimately guides the short-cut to overcoming disadvantages and creating advantages for sustainable growth.

Keywords:   NIEs, political system, development experiences, Xiaomi, Apple, sustainable growth, generalization, latecomer, industry leader

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