|Title||Transferring the Anglo American system to Korea: at what cost, and are there alternatives?|
The Anglo American economic model, together with its corporate governance practices, is frequently regarded as the optimal instrument for achieving competitiveness and enhancing investor confidence, even by countries which do not share the culture and tradition from which it originated. Its corporate governance structures, shareholder friendly laws and liquid capital markets with high levels of disclosure are regarded as mechanisms which can enable ‘global’ standards of efficiency, transparency and accountability to be achieved. Many countries outside of the US and UK are encouraged by the international financial community to attract foreign business and investment by emulating this model. But to what extent is this model suitable for countries outside of those in which it was developed?
|Journal||Bond Law Review|
|Journal citation||20 (4)|