An international comparison of empirical generalized double diamond model approaches to Taiwan and Korea

Abstract

Purpose -The purpose of this paper is to compare the competitiveness of the economies of Taiwan and Korea. Design/methodology/approach -The comparison between Taiwan and Korea is based on the average value of the data over five years (2000)(2001)(2002)(2003)(2004). It applies a generalized double diamond model approach to analyse the overall competitiveness of these two small open economies. Findings -Taiwan surpasses Korea in all decisive factors with the exception of the demand condition in the domestic diamond in the years 2000-2004, which is due to Korea's population being more than double Taiwan's. As to the international diamond, Taiwan enjoys comparatively high competitiveness, and its international diamond is better than Korea's in all four parts. Research limitations/implications -The data sources include: Indicators of Science and Technology, Taiwan, 2004 and 2005, Korean National Statistical Office and related statistical data obtained from various government agencies, including data on factor, demand, firms strategy, structure, and rivalry covering the period from 2000 to 2004, whereas related and supporting industries only covered the years 2000-2003. Originality/value -This is the first paper to apply a generalized double diamond model approach to analyse and to compare the competitiveness of the economies of both Taiwan and Korea. Its empirical evidences and policy implications is of interest to academicians, government officials, and business managers.

Korean Dramas and Films: Key Factors for Their International Competitiveness

“…The diamond model is very useful in analyzing the competitiveness of industries, including the entertainment industry of which Ko (2005) and Lee and Lee (2007) applied to analyze the competitiveness. Porter's diamond model is excellent in its concepts of the four determinants.^ but it misses an important dimension, i.e., the international activities (Rugman, 1991;Moon, 1994;Moon, Rugman, andVerbeke, 1995,1998;Moon and Lee, 2004;Liu and Hsu, 2009). To improve existing studies, this study employs the generalized double diamond (GDD) model developed by Moon et al (1998), an extension to Porter's (1990) diamond model.…”

A dynamic approach to assess international competitiveness of Vietnam’s garment and textile industry

“…Therefore, Rugman and Verbeke (1993) proposed an alteration to Porter’s Diamond Model, which is called the Double Diamond Model (DDM). This model covers the same four groups of attributes of competitiveness as the Diamond Model but takes into account the activities of multinational enterprises, which have to rely on both home-base and foreign determinants to sustain its competitive advantage, and suggests that managers should build upon both domestic and foreign diamonds to become globally competitive in terms of survival, profitability and growth (Liu and Hsu 2009). However, there are still problems with the DDM.…”

“…They collected secondary data from different sources of Korea and Japan in different years from 2007 to 2010, then calculated international competitiveness indexes of two nations and found out that Korea was less competitive than Japan. While Son and Kenji (2013) applied the GDDM for industrial competiveness comparison, Liu and Hsu (2009) used this model to analyze the overall competitiveness of two open economies including Taiwan and Korea. The results showed that Taiwan was superior to Korea in all attributes except for Demand Condition in the Domestic Diamond.…”

A Comparative Analysis on the Competitiveness of the Korean, Chinese and Japanese Fashion Industries: The Generalized Double Diamond Model Approach

“…This study extracted 31 sub-variables from previous studies (Jin, 2004;Jin & Moon, 2006; M. Kim et al, 2006;Liu & Hsu, 2009;H. Moon & Kim, 2010;H.…”

“…In particular, the Japanese government, academia and businesses took the lead in creating high-functioning super textile technology, introducing new culture-creating engineering technology that can become the basis of the textile industry, and deploying science technology that seeks harmony between people and the natural environment, thereby creating an advanced textile and clothing industry (T. Kim & Song, 2012 Porter (1990) Moon et al (1995Moon et al ( , 1998 diamond. An international diamond represents a country's competitiveness that is determined by domestic and international parameters (Liu & Hsu, 2009;H. Moon et al, 1998).…”