Policy Reference
RESEARCH
Policy Reference
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Characteristics and Economic Impacts of Korea's Trade Liberalization
This review of Korean trade and industrial policies shows how trade policy, which began by effectively utilizing international competition, evolved into an industrial policy that encouraged close cooperation between the government..
Hongyul Han Date 1993.01.01
Economic OpeningDownloadContentSummaryThis review of Korean trade and industrial policies shows how trade policy, which began by effectively utilizing international competition, evolved into an industrial policy that encouraged close cooperation between the government and the private sector.
The major findings of this paper are as follows. First, Korea began fundamentally reorienting its economic liberalization policies in the early 1980s. Through a variety of internal and external reforms, it attempted to link trade policy with industrial policy, reflecting the timing and speed of liberalization by industry. Second, another significant aspect of the market liberalization program was import liberalization, widening the gap between industries in the middle of the 1980s. Even though they were liberalized in terms of trade law, tariff levels for manufactured goods fell substantially during this period. In theory, it was seen to narrow economic inefficiency. -
Korea's Recent Foreign Exchange Rate Systems: MCBP vs. MAR System of GATT and Major Countries, and Direction for Improvement in the Korean Anti-Dumping System
Since Korea joined GATT in 1967, it successfully pursued strong export-oriented economic policies until the late 1970's. During this period, Korea maintained an unprecedentedly high economic growth rate under high tariffs and vari..
Wook Chae Date 1993.01.01
Anti-Dumping SystemDownloadContentSummarySince Korea joined GATT in 1967, it successfully pursued strong export-oriented economic policies until the late 1970's. During this period, Korea maintained an unprecedentedly high economic growth rate under high tariffs and various non-tariff protective measures allowed to it because of its status as a developing country suffering from a large trade deficit.
The ultimate goal of the anti-dumping system is to correct unfair foreign trade practices and relieve the domestic industry's injury in cases where material injury or a threat of material injury is posed by foreign dumping practices. It is, however, noteworthy that the system is strictly restrained in its use under provisions approved by GATT, and, hence, the misuse of the system will certainly result in disputes with trading partners. In this regard, it is extremely important for all the countries to guarantee four basic requirements of the system-transparency, fairness, efficiency, and specialty-in enforcing the national anti-dumping practices.
This paper reviews the whole history of Korea's anti-dumping system and practices and suggests some lessons on Anti-dumping Regulations of GATT and Advanced Countries. -
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Current Economic Situation of the Russian Far East and Russia-Japan Economic Relations
Ho-Sang Lim Date 1992.12.30
Overseas Direct Investment -
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Reform of the Wage and Employment System of State-owned Enterprises in China
Hyun-Jun Cho Date 1992.12.30
Economic Reform, Business Management -
Decentralization of the Chinese Economy: Current Status and Challenges
Wol-La Park Date 1992.12.30
Political Economy -