RESEARCH
Working Papers
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Analysis of the Trade Negotiation Options in the East Asian Context
It is widely agreed that multilateral trade liberalization provides better welfare by promoting better resource allocation and enhancing competition. Regional trade agreements have been the only exceptions to the non-discriminator..
Nakgyoon Choi et al. Date 2003.12.23
Multilateral Negotiations, Free TradeDownloadContentSummaryIt is widely agreed that multilateral trade liberalization provides better welfare by promoting better resource allocation and enhancing competition. Regional trade agreements have been the only exceptions to the non-discriminatory liberalization under specific conditions. In reflection of a growing trend, many countries including the European Union, the United States, Mexico and Chile have become members of several regional trade agreements. (The rest is omitted.) -
Taiwanese Investment in China: Its Development and Strategy
Cross-Strait trade relations have developed rapidly since Beijing initiated economic reform and liberalization policies in 1978 and Taiwan followed later with a deregulation policy on trade with Mainland China. This has led to mut..
Wei Ai et al. Date 2003.12.23
Overseas Direct InvestmentDownloadContentSummaryCross-Strait trade relations have developed rapidly since Beijing initiated economic reform and liberalization policies in 1978 and Taiwan followed later with a deregulation policy on trade with Mainland China. This has led to mutual dependence between the two sides and influenced their respective economic development. For Taiwan, Mainland China has become a key trading partner, a major source of foreign trade surplus and an important area for outbound investments. (The rest is omitted.) -
Comprehensive Review of the Doha Development Agenda Negotiations during 2003
The 2003 Doha Development Agenda(DDA) negotiations focused on agenda regarding agriculture, services, non-agricultural market access, rules, TRIPs, trade and environment, trade and development, and the Singapore issues. The Cancun..
Nakgyoon Choi et al. Date 2003.12.23
Multilateral NegotiationsDownloadContentSummaryThe 2003 Doha Development Agenda(DDA) negotiations focused on agenda regarding agriculture, services, non-agricultural market access, rules, TRIPs, trade and environment, trade and development, and the Singapore issues. The Cancun Ministerial Conference held in September of 2003 failed to produce a compromise on the conflicting viewpoints of the developed and developing camps regarding the Singapore issues and agricultural negotiations. This monograph proposes negotiation strategies after reviewing the 2003 DDA negotiations. (The rest is omitted.) -
The Transition Toward Innovation-Driven Economies in East Asia and Korea's Innovation Strategy
This research studies the shifts into innovative economies of the East Asian economies in the comparative context and finds policy implications for Korea. This explores the implementing strategies for innovative economies and eval..
Yoo Soo Hong et al Date 2003.12.23
Economic DevelopmentDownloadContentSummaryThis research studies the shifts into innovative economies of the East Asian economies in the comparative context and finds policy implications for Korea. This explores the implementing strategies for innovative economies and evaluates the performances in the shifts of the East Asian economies, such as Japan, Korea, China, Taiwan, Singapore, Malaysia, Thailand, Philippines and Indonesia. This also presents policy implications for Korea's innovative strategies, including Korea's competitive and cooperative strategies with other East Asian economies. (The rest is omitted.) -
China's NPL Problem: Causes and Prospects for Resolution
NPL problem in China's banking sector is regarded as a major weakness of her economy. This study tries to find out its causes and evaluate its prospects for resolution. Under the monolithic banking system before China's reform era..
Mansoo Jee et al. Date 2003.12.22
DownloadContentSummaryNPL problem in China's banking sector is regarded as a major weakness of her economy. This study tries to find out its causes and evaluate its prospects for resolution.
Under the monolithic banking system before China's reform era, government's finance, central bank and commercial banks did not separated at all. As a result, lending behavior of State banks did not developed as in market economy and NPL problem itself could not exist either. (The rest is omitted.) -
The Decision to Invest Abroad: The Case of Korean Multinationals
Recent firm-based empirical studies find that firms that serve foreign markets either through exports or foreign direct investment (FDI) are more efficient than their domestically oriented counterparts. However, recent empirical l..
Hongshik Lee Date 2003.12.20
Overseas Direct InvestmentDownloadContentSummaryRecent firm-based empirical studies find that firms that serve foreign markets either through exports or foreign direct investment (FDI) are more efficient than their domestically oriented counterparts. However, recent empirical literature attributes these differences to only exports. The purpose of this paper is to extend some recent works to study the link between firm performance of multinationals and choice to participate in the foreign investment. In so doing, this paper explicitly differentiates exports and FDI decisions. Using firm-level data for large Korean manufacturing firms, I provide evidences that the premium for FDI is huge compared to exports, and good firms do FDI. (The rest is omitted.) -
WTO/DDA Negotiation on Agriculture: Evaluation for Modality and Its Implications for Agricultural Policy
Agricultural negotiations, which started in January of 2000, have been undertaken as part of the DDA negotiations, most recently at the WTO Ministerial Meeting at Cancun in Mexico, September 2003. In spite of the earnest negotiati..
Yoocheul Song et al. Date 2003.12.15
Multilateral NegotiationsDownloadContentSummaryAgricultural negotiations, which started in January of 2000, have been undertaken as part of the DDA negotiations, most recently at the WTO Ministerial Meeting at Cancun in Mexico, September 2003. In spite of the earnest negotiations entered into to establish modality, the parties involved have not reached agreement on a draft due to the failure of the Cancun Ministerial meeting. However, the draft of the Ministers' Declaration (Derbez text) will be utilized afterwards as a basis for discussions in future DDA negotiations. Accordingly, an analysis of this issue will be meaningful. (The rest is omitted.) -
The Determinants of European Financial Centers and Their Implications for Korea
The main purpose of this paper is to investigate the crucial policy issues required to initiate international financial centers in Korea from the literature on the development and sustainability of European financial centers. (The..
Chongook Rhee Date 2003.12.10
Financial LiberalizationDownloadContentSummaryThe main purpose of this paper is to investigate the crucial policy issues required to initiate international financial centers in Korea from the literature on the development and sustainability of European financial centers. (The rest is omitted.) -
A Northeast Asian Financial Hub: Conditions and Comparisons
In East Asia region, Tokyo, Hong Kong and Singapore are playing leading roles as the international financial hubs. Seoul and Shanghai are also emerging as the international financial hubs. The success of the international financi..
Hyungdo Ahn Date 2003.12.08
Financial LiberalizationDownloadContentSummaryIn East Asia region, Tokyo, Hong Kong and Singapore are playing leading roles as the international financial hubs. Seoul and Shanghai are also emerging as the international financial hubs. The success of the international financial hub depends on the establishment of the center of transportation, a political capital, a business center, and the headquarters of central banks. (The rest is omitted.) -
Recent Developments in African Textile and Apparel Industries and Its Policy Implications for Korean Firms
The Korean textile industry, once a major contributor to Korea's rapid export expansion, has been losing its competitiveness due to stricter trade barriers in advanced economies, improved qualities of textiles in developing countr..
Heungchong Kim et al. Date 2003.10.31
Industrial PolicyDownloadContentSummaryThe Korean textile industry, once a major contributor to Korea's rapid export expansion, has been losing its competitiveness due to stricter trade barriers in advanced economies, improved qualities of textiles in developing countries and increased wage levels in the domestic economy. To cope with the challenges confronting further development of the industry, Korean textile and apparel factories have moved their production bases abroad in search of cheaper labor, while working to produce higher value-added products by developing advanced technology. Southeast Asia and Latin America had been good alternatives for new production bases, but they have been losing their comparative advantage in labor costs and the privilege of easy access to the U.S. market due to the policy change of the U.S. government. Now is the time for the Korean textile industry to find new alternative production bases.
It is noteworthy that Africa gained in growth momentum from the mid-1990s on, after a long period of economic recession and political turmoil. Recently, African countries have initiated the formation of the AU and NEPAD, reflecting their changing perception of self-fulfillment to solve African problems. These efforts were quickly followed by several preferential trade treatments, including the AGOA and the Association Agreement initiated by the U.S. and the EU, respectively. The Multilateral Investment Guarantee Agency under the World Bank Group, founded to minimize investment risk and thus alleviate business cycle fluctuations, has supported the improved economic environment in Africa. (The rest is omitted.)