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Policy Analyses
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Strategies for Korea's Financial and Logistical Hub by Comparing with China
The purpose of this study is to evaluate the business-hub (finance & distribution hub) policy of the Korean government, which has been in place for the last five years. In this study, the performance and competitiveness of Kor..
Hyung-Gon Jeong et al. Date 2007.12.30
Economic Development, Industrial PolicyDownloadContentSummaryThe purpose of this study is to evaluate the business-hub (finance & distribution hub) policy of the Korean government, which has been in place for the last five years. In this study, the performance and competitiveness of Korea's status as a hub have been compared to those of Beijing-Tianjin (Binhai New Area) and Shanghai of China, which are rival areas of Korea. At the end of this study, the future direction of hub policy for Korea is suggested. (The rest is omitted.) -
EU's Common Commercial Policy and International Commercial Relations
The EU has exclusive competence to pursue common commercial policy on behalf of its member countries as it does for common monetary policy and common agricultural policy. The foundation of the common commercial policy is fact that..
Cae-One KIM Date 2007.12.30
Economic Cooperation, Trade PolicyDownloadContentSummaryThe EU has exclusive competence to pursue common commercial policy on behalf of its member countries as it does for common monetary policy and common agricultural policy. The foundation of the common commercial policy is fact that the EU is based on supranational economic integration. In concrete terms, the common commercial policy constitutes a part of economic integration that prescribes that products imported from extra-EU region to intra-EU region through the due course have right to receive equal treatment as produced in a member country. Since the EU has independent authority to pursue commercial policy, there has constantly been serious debate on distribution between the community and its member states. This is because the more the scope of common commercial policy is extended, the more the economic sovereignty of member states becomes constrained. In the initial stage, the EU's competence was limited to trade of goods. After the Uruguay Round, however, it has come to include intellectual property rights and the service sector. (The rest is omitted.) -
Characteristics of the Trade between Korea and China and its Implications for a Korea-China FTA
Most of the existing research adopted the computable general equilibrium(CGE) model to estimate the economic effects of a Korea-China FTA. The findings of these research generally show that the effects of an FTA on Korea's GDP wil..
Pyoun Seob Yang et al. Date 2007.12.30
Economic Integration, Trade PolicyDownloadContentSummaryMost of the existing research adopted the computable general equilibrium(CGE) model to estimate the economic effects of a Korea-China FTA. The findings of these research generally show that the effects of an FTA on Korea's GDP will be much greater than China's, and Korea's trade surplus with China will expand in the manufacturing sector. (The rest is omitted.) -
Analysis on Export Competitiveness Pattern of High Technology Items of China, Japan and Korea
This paper studies the recent international trade trends of high-technology products, the foreign and intra-trade of high-technology products of Korea, China and Japan, and analyzes the international competitiveness patterns of th..
Hokyung Bang Date 2007.12.30
Trade Structure, Industrial PolicyDownloadContentSummaryThis paper studies the recent international trade trends of high-technology products, the foreign and intra-trade of high-technology products of Korea, China and Japan, and analyzes the international competitiveness patterns of the three countries. High-technology products were categorized based on the Harmonized Commodity Description and Coding System(HS Code) of the U.S. Census Bureau.
High-technology products show a rapid increase in world trade compared to other products and China has risen as a major trade country in the world high-technology trade market. (The rest is omitted.) -
The effectiveness of foreign capital regulation in Korea as a defensive mechanism of hostile M&A
Recently in the Korean society, there has been an active expansion of discussion on the issue of hostile M&As. In Korea, the issue that is of most concern is the M&A of domestic enterprises by foreign capital. The purpose ..
Yeongkwan Song et al. Date 2007.12.30
Barrier to Trade, Foreign Direct InvestmentDownloadContentSummaryRecently in the Korean society, there has been an active expansion of discussion on the issue of hostile M&As. In Korea, the issue that is of most concern is the M&A of domestic enterprises by foreign capital. The purpose of the study is to estimate the effectiveness of foreign capital regulation in Korea as a defensive mechanism of hostile M&A. Hostile M&A, started in 1994 and have been open to foreigners since February 1998, when most of the regulations for foreigners were relaxed. This study shows that Korean regulations for foreign capital are effective in terms of deterring foreign hostile M&A. (The rest is omitted.) -
Whither Korea's Foreign Aid?: Hints from its Predecessors
Lately more and more experts say that Korea needs to make out itsown uniqueness in international aid activity soon. However, the study on what should be concretely 'Korean Model of foreign aid' has seldom been done, contrasting wi..
Bokyeong Park Date 2007.12.30
Economic Development, Economic CooperationDownloadContentSummaryLately more and more experts say that Korea needs to make out itsown uniqueness in international aid activity soon. However, the study on what should be concretely 'Korean Model of foreign aid' has seldom been done, contrasting with a great deal of discussion on its necessity. The purpose of this study is to compare the foreign aids of the advanced donor countries and classify them into a few categories according to their features. Furthermore, it is addressed what determines the feature of foreign aid of each country. Based on the analysis, the direction where Korea's foreign aid should go is suggested. (The rest is omitted.) -
A Politico-economic Approach to Northeast Asian Regional Cooperation: Search for a New model and orea's Strategies
The purpose of this research is to present a new model of Northeast Asian regional integration from the political economy approach considering political security factor, social and cultural factor, and economic factor together. Th..
Hyungdo Ahn et al. Date 2007.12.30
Economic IntegrationDownloadContentSummaryThe purpose of this research is to present a new model of Northeast Asian regional integration from the political economy approach considering political security factor, social and cultural factor, and economic factor together. This approach is based on the recognition that regional integration may not be solely explained by the economic factor. (The rest is omitted.) -
Korea-New Zealand Trade Strategy
Located in the South Pacific, New Zealand's population is four million, but its per capita income is more than US$26,000, and it is well known for its competitiveness in the areas of high technology and agricultural. Due to its ge..
Hansung Kim et al. Date 2007.12.30
Economic Relations, Trade PolicyDownloadContentSummaryLocated in the South Pacific, New Zealand's population is four million, but its per capita income is more than US$26,000, and it is well known for its competitiveness in the areas of high technology and agricultural. Due to its geographical constraint of being isolated from the main global trade locations and small population, however, it is not an attractive export market for Korea. (The rest is omitted.) -
Experimental Economic Approaches on Trade Negotiations
This paper experimentally examines the multilateral bargaining games so as to derive some policy implications for real trade negotiations. It shows the following findings: there are significant delays in games including veto playe..
Hankyoung Sung Date 2007.12.30
Multilateral Negotiations, Trade PolicyDownloadContentExecutive Summary
I. Introduction
II. Theory
III. Experimental Procedures
IV. Experimental Results
1. Delays in negotiations
2. Role of Weak Players: Share taken and Voting Patterns
V. Concluding Remarks
References
AppendixSummaryThis paper experimentally examines the multilateral bargaining games so as to derive some policy implications for real trade negotiations. It shows the following findings: there are significant delays in games including veto players in some circumstance, but no delays in games including multiple-vote players. In addition, non-veto players as weak players, who are disadvantageous in taking share, collusive attempts against veto players, but not effective. As policy implications, this paper suggests enforceable deadline or threat toward low quality agreements to reduce the delay problems. Furthermore, as another remedy for the delays, it suggests the effort to group countries like multiple-vote players in unequal weight games. (The rest is omitted.) -
What Kinds of Countries Have More Free Trade Partner Countries? : Count Regression Analysis
According to the WTO data for regional trade agreements (RTA), the number of RTA has been exponentially growing since the middle of the 1990s. As a result, many countries these days have had more than one free trade partner countr..
Jung Hur et al. Date 2007.12.30
Economic Opening, Free TradeDownloadContentExecutive Summary
I. Introduction
II. Econometric Model: Count Data Models
1. Poisson Regression Model
2. Negative Binomial Regression Model
III. Data
1. Dependent Variable
2. Geographic Variables
3. Institutional Variables
4. Grouping Variables
5. Control Variables
IV. Main Results
1. Poisson Regression Results
2. Negative Binomial Regression Results
V. Conclusion
References
AppendixSummaryAccording to the WTO data for regional trade agreements (RTA), the number of RTA has been exponentially growing since the middle of the 1990s. As a result, many countries these days have had more than one free trade partner country. In this paper, we attempt to find out statistically important characteristics of countries that may explain the frequency of a country's RTA formations and as a result its total number of free trade partner countries. We find that the following country-specific variables are important: distance from equator, government effectiveness, and the low-middle income group countries
and regional blocs that countries belong to. In contrast, the following variables are not statistically significant: geographical size of country; upper-middle or high-income group countries; languages and other institutional variables such as political aspects and the stability, law, regulation, and national corruption level. The important implication of the findings is that the current expansion of RTAs may not be linked to a global free trade system because of the peculiarity of countries having multiple RTAs. (The rest is omitted.)