earticle

영어

As opposed to the remarkable trend of globalization in the last a few decades, the world economy has recently witnessed the increase in international conflicts and trade protectionism. The de-globalization of the world economy could disrupt the inter-firm partnership along the global value chain, weakening the integration and interdependence of firms beyond the national borders. Specifically, this paper investigates how the disruption of a global value chain affects the use of non-market strategies through strategic patenting by high-tech firms that have previously operated in the upstream of the value chain. Predictions of a stylized model are applied to examine the impact of the 2019 Korea-Japan trade disputes on the strategic use of intellectual properties in the semiconductor industry.