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Policy Analyses
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Korea's Mid- to Long-Term Economic Strategy for the Middle East
While the international price of oil has been continuously skyrocketing for several recent years, the all-time highs for oil prices will possibly continue in the middle and long terms. After the arrival of newly high oil prices, i..
Bokyeong Park et al. Date 2007.12.30
Economic Relations, Economic CooperationDownloadContentSummaryWhile the international price of oil has been continuously skyrocketing for several recent years, the all-time highs for oil prices will possibly continue in the middle and long terms. After the arrival of newly high oil prices, immense oil money has poured into the Middle East. With the revival of the Middle Eastern economy based on the oil money, this region has become a cynosure of global economies. This study begins with a comprehensive analysis of the economic trends in the Gulf region and aims to suggest the direction of mid -and long- term trade policy toward the Middle East. In particular, this study analyzes the economic development strategies and economic outlook of the Gulf Cooperation Council (GCC) countries; the positions and policies of foreign economic cooperation of these countries; and the world's major economies' cooperative policies with the Gulf region. Finally, this report suggests mid - and long- term trade policy strategies for Korea toward the Gulf region. (The rest is omitted.) -
Korea's Mid- to Long-Term Economic Strategy for India
The Indian government, after its independence in 1947, pursued a closed economic development strategy. The policy brought about inefficient resource allocation and low productivity in its economy and, as a result, the Indian econo..
Soon Cheul Lee et al. Date 2007.12.30
Economic Cooperation, Trade PolicyDownloadContentSummaryThe Indian government, after its independence in 1947, pursued a closed economic development strategy. The policy brought about inefficient resource allocation and low productivity in its economy and, as a result, the Indian economy was trapped in the so called 'Hindu growth rate' of 3 5%. This trend changed dramatically after the Indian government adopted an open and reformative economic policy in 1991. From 1991 to 2002, the Indian economy experienced over 6% growth and expanded further after 2003 at more than 8% growth rate per year. (The rest is omitted.) -
Global Outsourcing: Challenge and Response of Korea
This report aims to draw policy implications from the analysis of the determinants and outcome of global outsourcing carried out by Korean firms. (The rest is omitted.)
Hea-Jung Hyun et al. Date 2007.12.30
Business Management, Overseas Direct InvestmentDownloadContentSummaryThis report aims to draw policy implications from the analysis of the determinants and outcome of global outsourcing carried out by Korean firms. (The rest is omitted.) -
Korea's Mid- to Long-Term Economic Strategy for Oceania
Oceania is comprised of numerous lands, mostly islands in the Pacific Ocean such as Cook Island, Fiji, and French Polynesia, and includes Australia and New Zealand, the two developed nations in the region. Although these countries..
Hansung Kim et al. Date 2007.12.30
Economic Relations, Trade PolicyDownloadContentSummaryOceania is comprised of numerous lands, mostly islands in the Pacific Ocean such as Cook Island, Fiji, and French Polynesia, and includes Australia and New Zealand, the two developed nations in the region. Although these countries are classified as Oceania, there is immense diversity in political, economic, social, diplomatic, and historical aspects among these nations. (The rest is omitted.) -
Korea's Mid- to Long-Term Economic Strategy for the ASEAN
Since the Asian Financial Crisis, ASEAN has kept accelerating the regional integration process to achieve a single production base to cope with economic crises, and it's still attempting various measures such as AFTA, AIA, AICO, i..
Yul Kwon et al. Date 2007.12.30
Economic Relations, Trade PolicyDownloadContentSummarySince the Asian Financial Crisis, ASEAN has kept accelerating the regional integration process to achieve a single production base to cope with economic crises, and it's still attempting various measures such as AFTA, AIA, AICO, intellectual property protections, and other plans to magnify the benefits of market integration. With a total population of 574 million and a combined GDP of almost US$1 trillion, ASEAN gets more attention as a major emerging market with its rapid growth, and its strategic value shows rapid growth as a group of post-BRIC economies. (The rest is omitted.) -
Korea's Mid- to Long-Term Economic Strategy for Japan
Korea was a priority trading partner of Japan till early 2000s, but its status was lost when FTA negotiations between the two countries reached a deadlock. Japan also was an important entity for Korea during the same period, but h..
Sung Chun Jung et al. Date 2007.12.30
Economic Cooperation, Trade PolicyDownloadContentSummaryKorea was a priority trading partner of Japan till early 2000s, but its status was lost when FTA negotiations between the two countries reached a deadlock. Japan also was an important entity for Korea during the same period, but has recently been treated as less weighty than the US, the EU, China, or others. (The rest is omitted.) -
The Doha Round and Beyond: Korea's Perspectives on the Multilateral Trading System
When the current multilateral trade negotiation was launched in Doha, Qatar in 2001, it was officially named the 'Doha Development Agenda (DDA),' indicating the priority of helping developing countries gain more from trade liberal..
Jin Kyo Suh et al. Date 2007.12.30
Multilateral NegotiationsDownloadContentSummaryWhen the current multilateral trade negotiation was launched in Doha, Qatar in 2001, it was officially named the 'Doha Development Agenda (DDA),' indicating the priority of helping developing countries gain more from trade liberalization. The development agenda reflected the reality that developing countries now constitute the majority in the World Trade Organization and therefore, can determine whether new trade rules are adopted or not. Many developing countries believe that previous rounds of global trade talks created rules that primarily benefited the high-income industrialized countries that dominated global trade. A re-balancing was needed to provide opportunities for all countries and to take into account the special vulnerabilities of poorer countries. (The rest is omitted.) -
Korea's Mid- to Long-Term Economic Strategy for the Greater China
Since entering into the WTO, China has turned its protective foreign-trade policies into more engaging ones, as it is expected to reach a responsible attitude corresponding to its higher position in the global economy. Moreover, t..
Pyeong Seob Yang et al. Date 2007.12.30
Economic Integration, Economic CooperationDownloadContentSummarySince entering into the WTO, China has turned its protective foreign-trade policies into more engaging ones, as it is expected to reach a responsible attitude corresponding to its higher position in the global economy. Moreover, the economic relations between the People's Republic of China, Hong Kong Special Administration Region, and Taiwan have accelerated the formulation of the greater Chinese economic sphere. These changes urge us to tackle a paradigm shift in the strategic trade policies toward a greater China. (The rest is omitted.) -
Korea's Mid- to Long-Term Economic Strategy for the World
Trade has been one of the most important strategies for economic growth in Korea. It is well known that the Korean economy developed very quickly via its export-oriented growth strategy since the early 1960s. Mainly due to the exp..
Heungchong Kim et al. Date 2007.12.30
Economic Cooperation, Trade PolicyDownloadContentSummaryTrade has been one of the most important strategies for economic growth in Korea. It is well known that the Korean economy developed very quickly via its export-oriented growth strategy since the early 1960s. Mainly due to the explosive increase of exports to the world, Korea's total GDP has increased by more than three hundred times over the last forty years. Korea's active engagement of the global trade regime was accelerated by its membership in GATT in 1967 and in the WTO in 1994. Recognizing the importance of trade with outside economies in its economic development process, Korea implemented a unilateral open-market policy in early 1980s, and made subsequent efforts to join the Organization for Economic Co-operation and Development (OECD) in 1996. (The rest is omitted.) -
A Sectoral Assessment of a Korea–US FTA and Policy Implications for the Korean Economy
The Korea–US FTA (KORUS FTA) has been one of the most contentious issues in Korean society because it is expected to have a tremendous impact on each of the economic agents. To investigate the macroeconomic effects of th..
Nakgyoon Choi et al. Date 2007.12.29
Trade Policy, Free TradeDownloadContentSummaryThe Korea–US FTA (KORUS FTA) has been one of the most contentious issues in Korean society because it is expected to have a tremendous impact on each of the economic agents. To investigate the macroeconomic effects of the KORUS FTA, two related general equilibrium approaches are used in this study. The static general equilibrium modeling focuses on efficiency gains from resource allocation. The productivity gains general equilibrium model, however, takes account of dynamic efficiency impacts from competitive effects and investment in the economies over time. The latter can be as important as or more important than the direct trade liberalization effects. (The rest is omitted.)