Economics Dictionary of ArgumentsHome
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| Market entry: Market entry in economics refers to the process by which a company or firm starts operating in a new market. This can involve launching new products, establishing distribution channels, or overcoming barriers like competition, regulation, and capital requirements. Successful market entry strategies aim to gain market share and compete effectively with existing firms. See also Firms, Business, Competition, Markets._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Dictionary of Arguments. | |||
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Dani Rodrik on Market Entry - Dictionary of Arguments
Krugman III 195 Market entry/Rodrik: For developing countries, probably the predominant question of strategic trade policy is, How can entry be facilitated into markets for sophisticated manufactured goods characterized by imperfect competition and well-entrenched oligopolists? Pessimism regarding the prospects for successful entry into such markets underlies the widespread unease with outward-oriented trade strategies. >Trade policy, >Strategic trade policy, >Imperfect competition, >International trade, >New trade theory. (…) as the experiences of Japan and the East Asian tigers following on its heels have amply demonstrated, well-positioned entrants can always create room for themselves. These countries have diversified into manufactured products of increasing sophistication, demonstrating that even the tightest international oligopolies can be penetrated. >Oligopolies. Solution/quality: While traditional factor-endowment considerations typically play the determinant role with the former group of products, the role of industrial organization comes into its own with the latter. Putting it somewhat crudely, the transition can be viewed as a shift from price to quality as the source of competitiveness. The higher-end products typically require not only a broader range of skills and technological sophistication, but also investment in product quality, customer loyalty, and reputation. >Price, >Competition, >Industrial Organization/Rodrik, >Industrial policy/Rodrik. Dani Rodrik. „Industrial Organization and Product Quality: Evidence from South Korean and Taiwanese Exports.“ In: Paul Krugman and Alasdair Smith (Eds.) 1994. Empirical Studies of Strategic Trade Policy. Chicago: The University of Chicago Press._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. "Vs" indicates differences in content, not necessarily the chronological progression of a controversy. If a German edition is specified, the page numbers refer to this edition. |
EconRodrik I Dani Rodrik When ideas trump interests. Preferences, worldviews, and policy innovations 2014 EconKrug I Paul Krugman Volkswirtschaftslehre Stuttgart 2017 EconKrug II Paul Krugman Robin Wells Microeconomics New York 2014 Krugman III Paul Krugman Alasdair Smith Empirical Studies of Strategic Trade Policy Chicago: The University of Chicago Press 1994 |
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