Cherry (Korean business and management, U. of Sheffield, UK) traces the development of South Korean inward foreign direct investment policy over the past four decades from one of restriction
and control to one of encouragement and promotion. The focus is on sociocultural issues, mindsets, and perceptions and their role in changing policy within the context of the experience and
response towards globalization. Her central theme revolves around Lowell Dittmer's concept of three phases of Asian globalization: "expansive globalization" in which export industries are
developed while preserving Asian political and cultural values, "austerity globalization" in which greater institutional change is carried out under the tutelage of the International Monetary
Fund, and finally the eventual jettisoning of the capitalist-development state. Annotation 穢2008 Book News, Inc., Portland, OR (booknews.com)
