RESEARCH
Working Papers
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Chavez's Energy Policy in Venezuela: Its Background and Future Prospects
Since 1999 when Hugo Chavez assumed the presidency of the Venezuelan government, Venezuela has pursued economic policies that are incongruous with neoliberalism. As the Venezuelan economy for many years before 1999 had been large..
Baejin Lim Date 2007.12.30
Industrial Policy, Energy IndustryDownloadContentSummarySince 1999 when Hugo Chavez assumed the presidency of the Venezuelan government, Venezuela has pursued economic policies that are incongruous with neoliberalism. As the Venezuelan economy for many years before 1999 had been largely governed by neoliberal policies, Chavez's rule brought about a drastic change to the country's energy policy. Here, the oil industry, which had long been the pillar and basis of the national economy, was particularly impacted. For instance, despite the denunciations by the U.S. government and international oil companies, the Chavez government set out to gradually re-nationalize the petroleum industry and sought to establish more Venezuela-centered energy cooperation regimes. (The rest is omitted.) -
Japan's Recent Trade Policy to North America and Implications for the Korean Economy
The change from multilateralism to bilateralism is one of the important trends at present in the world trade environment. Since the late 1990s, Japan has supported a free trade agreement-based trade policy for both a WTO-based mul..
Hoon Chung Date 2007.12.30
Economic Relations, Economic CooperationDownloadContentSummaryThe change from multilateralism to bilateralism is one of the important trends at present in the world trade environment. Since the late 1990s, Japan has supported a free trade agreement-based trade policy for both a WTO-based multilateral trade system and active participation in promoting regionalism in relation to bilateral free trade agreements (FTAs). This policy shift began in earnest with the Japan-Singapore FTA in 2002. (The rest is omitted.) -
China's Recent Trade Policy to North America and Implications for the Korean Economy
1. China's Diplomatic Security Policy and its Strategy toward North AmericaThis part of the monographic attempt analyzes the impact of political relations between China and the North American on their economic and trade relations...
Jae-woo Choo et al. Date 2007.12.30
Economic Relations, Economic CooperationDownloadContentSummary1. China's Diplomatic Security Policy and its Strategy toward North America
This part of the monographic attempt analyzes the impact of political relations between China and the North American on their economic and trade relations. The work asserts that there is no direct, causal linkage between political influence and the outcome of economic relations. Notwithstanding the absence of a causal relationship, politics, however, have a significant impact on the decision-making process per se, as well as the outcomes. Politicization of the economy still plays an extensive role. It would be too naïve to assume in today's global politics that economic interests can be secured through economic measures and only by those measures. Negotiations and bargaining are all processes of politics. Hence, the stronger the power a state has, the greater its leverage usually is. Nevertheless, strong and developed states more often tend to outsource the causes of their economic difficulties. In other words, they have a great propensity to blame the relatively weaker ones for intrusion-like advancement into their markets, thereby undermining the extant industrial fundamentals with cheaper products. From the developed states' perspectives, a scapegoat is necessary for decision-makers (usually lawmakers) to appeal to their constituencies and nation, thereby covering up their poor management of the nation's economy. Cognizant of the domestic effect on the trade disputes arisen from the US, China has shown a great deal of patience and cooperation, as it has in the security realm. China has been resilient in abiding by the principle of peaceful resolution of conflicts of interest, and this principle remains effective in China's economic and trade negotiation strategy. (The rest is omitted.) -
EU's Recent Trade Policy to North America and Implications for the Korean Economy
The European Union (EU) has been one of the most important members of the global trading system. The trade policy of the EU has therefore been the crucial element to construct the structure of the GATT/WTO system. In that regard, ..
Dukgeun Ahn Date 2007.12.30
Economic Relations, Economic CooperationDownloadContentSummaryThe European Union (EU) has been one of the most important members of the global trading system. The trade policy of the EU has therefore been the crucial element to construct the structure of the GATT/WTO system. In that regard, the 'New Trade Policy' announced in October 2006 set forth new policy paradigms for the EU and reflects various changes in the international trade environment. This paper reviews the 'New Trade Policy' from the perspective of the North America, especially the United States, and tries to draw some implications for multilateral as well as transatlantic economic relationships. (The rest is omitted.) -
Rural Development for Poverty Reduction in Africa: By Focusing on Transfer of Korea's Experience of Agriculture Development
Africa is predominantly an agricultural continent, so that economic growth there largely depends on agriculture. In order to analyze the cause of African poverty, we must focus on many aspects of African agriculture. In Africa pro..
Seung-Hun Chun et al. Date 2007.12.30
Economic Development, Economic DevelopmentDownloadContentSummary
Africa is predominantly an agricultural continent, so that economic growth there largely depends on agriculture. In order to analyze the cause of African poverty, we must focus on many aspects of African agriculture. In Africa productivity rate in agriculture has not caught up with population growth rate. (The rest is omitted.) -
Palestine issue and the Role of Korea
The main purposes of this research are to examine the current situation and its implications in and around Palestinian territory, and to make policy recommendations for Korea in this area. Palestine has been the main focal point o..
Nam-sik In Date 2007.12.30
Economic Development, Economic CooperationDownloadContentSummaryThe main purposes of this research are to examine the current situation and its implications in and around Palestinian territory, and to make policy recommendations for Korea in this area. Palestine has been the main focal point of ceaseless conflicts in the Middle East. For this reason, in order to establish a meaningful and peaceful regime in the region, it is inevitable that we must set up sustainable peace mechanisms in Palestinian territory. (The rest is omitted.) -
Trends in Japan's Recent Trade Policy and Implications for the Korean Economy
'From multilateral to bilateral' is one of the important trends at present in the world trade environment. Since the late 1990s, Japan has supported a FTA-based trade policy for both a WTO-based multilateral trade system and an ac..
Hoon Chung Date 2007.12.30
Economic Cooperation, Trade PolicyDownloadContentSummary'From multilateral to bilateral' is one of the important trends at present in the world trade environment. Since the late 1990s, Japan has supported a FTA-based trade policy for both a WTO-based multilateral trade system and an active participation in promoting regionalism in relation to bilateral free trade agreements. This policy shift began in earnest with the Japan-Singapore FTA in 2002. (The rest is omitted.) -
Trade Strategies and Economic Cooperation of Developed Countries Towards China
This research analyzes the trade strategies of US, EU, Japan towards China, and seeks to find implications towards establishing Korea's own trade strategy towards China. This analysis is significant in that it regards mid to long ..
EuiHyun Choi et al. Date 2007.12.30
Economic CooperationDownloadContentSummaryThis research analyzes the trade strategies of US, EU, Japan towards China, and seeks to find implications towards establishing Korea's own trade strategy towards China. This analysis is significant in that it regards mid to long term trade issues, areas that need mutual cooperation, issues that need to be resolved between China and Korea, and predicting and coping with possible effects on the economy of Korea and China from the trade strategies of the developed countries. The results are summarized below. (The rest is omitted.) -
Political Economic Strategy of Korea's Mid-Term Trade Policy and Soft Power Trade Policy
Previous studies on political economy of trade strategies have been either quite rare or focused too narrowly on internal political processes of trade policy making among different interest groups. In other words, political econom..
Geun Lee Date 2007.12.30
Trade PolicyDownloadContentSummaryPrevious studies on political economy of trade strategies have been either quite rare or focused too narrowly on internal political processes of trade policy making among different interest groups. In other words, political economic researches that pertain directly to the development of a country's desirable trade strategies are very few. Despite historical and practical importance of political factors in designing a country's trade strategies, these underdevelopment of political economic researches on trade strategies have not been noticed by many.
The purpose of this research is, therefore, to fill in this gap by suggesting a few political economic strategies not only to create stable trade environment for Korea but to expand Korea's overseas markets and to increase foreign direct investments to Korea as well. At the same time, this research contributes to the development of political economic studies of trade policy by introducing new ideas about how to apply soft power to designing proactive trade policies that do not violate existing international standards and norms. (The rest is omitted.) -
Economic Policy of the US Democratic Party and Its Implications
Basically, the U.S. trade policy is under the control of the Congress. Therefore, depending on the dynamics of the congress election, economic and trade policy of the U.S. is greatly influenced by its majority party. The Democrati..
Junkyu Lee et al. Date 2007.12.30
Economic Relations, Economic OutlookDownloadContentSummaryBasically, the U.S. trade policy is under the control of the Congress. Therefore, depending on the dynamics of the congress election, economic and trade policy of the U.S. is greatly influenced by its majority party. The Democratic Party won a majority of the state governorships and the U.S. House and Senate seats each last Nov. 7 2006, ending 12 years of Republican rule.
By the way, members of the Democratic and Republican Congressional leadership led by the Speaker of the House Nancy Pelosi joined with key Administration officials on May 10 2007 to announce an agreement on a new trade policy for America. The agreement announced was a fundamental shift in U.S. trade policy. (The rest is omitted.)