Policy Analyses
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Policy Analyses
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The Success Story of Switzerland: How could Switzerland's specific political institutions contribute to the country's political stability and economic wealth?
Switzerland is known as one of the most prosperous and wealthiest countries in the world. Switzerland ranks 3rd in the list of income table in the world. Furthermore, it maintains stable political regime and high level of security..
Won-hwa Park et al. Date 2006.07.31
Economic developmentDownloadContentExecutive Summary
Ⅰ. Introduction and Overview
Ⅱ. Characteristic Institutional Features of the Swiss Political System
1. Federalism
2. The Representation System and its Specificities
3. Direct Democracy
4. Conclusion: A System of Concordance
Ⅲ. Political Stability and Innovation in the Swiss Political System
1. Elements of Stability
2. Reforms and Changes
Ⅳ. Implications on the Economic Development
1. Factors for the Economic Success
Ⅴ. Conclusion
ReferencesSummarySwitzerland is known as one of the most prosperous and wealthiest countries in the world. Switzerland ranks 3rd in the list of income table in the world. Furthermore, it maintains stable political regime and high level of security. This research tries to illuminate the way to the success of Switzerland through examining its political background and the specific features of the Swiss political system. (The rest is omitted.) -
Economic Changes in Mexico after NAFTA and Implication
Since NAFTA was implemented in 1994, Mexico's main macroeconomic indicators, such as the economic growth rate, trade and FDI inflow, employment, and competitiveness, have been experiencing positive growth. NAFTA was pointed out to..
Chang - Soo Lee et al. Date 2006.07.18
Economic reform, Free tradeDownloadContentSummarySince NAFTA was implemented in 1994, Mexico's main macroeconomic indicators, such as the economic growth rate, trade and FDI inflow, employment, and competitiveness, have been experiencing positive growth. NAFTA was pointed out to be a significant factor behind such positive changes. (The rest is omitted.) -
Investment Stagnation in East Asia and Policy Implications for Sustainable Growth
The overall assessment on the macroeconomic performance by Asian- Crisis countries is that the rebound of growth over the period of 1999-2000 has slowed down in the subsequent period of 2001-2003 mainly because of stagnant demand ..
Hak K. Pyo Date 2006.07.13
Financial crisisDownloadContentExecutive Summary
I. Introduction
II. Stagnant Investment and Productivity Divergence of East Asian Economies
1. Productivity Convergence and Divergence
2. Decline in Rates of Return and Threshold Externality of Human Capital
III. Theoretical Explanation for Stagnant Investment
1. A Two-Sector Growth Model with Structural Rigidity
2.Acceleration Model and Growth Model with Asymmetric Adjustment Cost
IV. An Empirical Study for East Asian Economies
1. Investment Model with Acceleration Principle
2. Estimation of q-theory Investment Function
V. An Empirical Study for Korea
1. Gross Output Growth Accounting by 33 Sector (1984-2002)
2. The Decomposition by IT and Non-IT sector
VI. Policy Implications
1. Implications for Sustainable East Asian Growth
2. Policy Implications for Korea
References
Appendix to Section III.1
Appendix to Section IV.1
Appendix Tables to Section V.1
Appendix Tables to Section V.2SummaryThe overall assessment on the macroeconomic performance by Asian- Crisis countries is that the rebound of growth over the period of 1999-2000 has slowed down in the subsequent period of 2001-2003 mainly because of stagnant demand for domestic investment across all crisis-inflicted economies. (The rest is omitted.) -
Regional Trade in Northeast Asia: Why Do Trade Costs Matter?
Trade costs are often cited as an important determinant of trade volume. This paper provides sufficient evidence to ascertain that today's trade issues in Northeast Asia go beyond the traditional mechanisms of tariffs, and include..
Prabir DE Date 2006.07.07
Trade structureDownloadContentExecutive Summary
Ⅰ. Introduction
Ⅱ. Definition of Trade Costs and Their Relevance
Ⅲ. Methodology and Data
1. Measuring Transaction Costs
2. Measuring Trade Infrastructures
3. The Augmented Gravity Model
4. The Data
Ⅳ. Overview of Regional Trade and Trade Costs in Northeast Asia
Ⅴ. Impact of Trade Costs on Regional Trade: Estimated Results
Ⅵ. Conclusions
References
Appendix 1
Appendix 2SummaryTrade costs are often cited as an important determinant of trade volume. This paper provides sufficient evidence to ascertain that today's trade issues in Northeast Asia go beyond the traditional mechanisms of tariffs, and include 'behind-the-border' issues. We find that variations in transaction costs along with trade mobility infrastructure facilities have significant influence on regional trade flows in Northeast Asia. This paper concludes that if tariffs were to become lower in Northeast Asia, the economies in that region could benefit substantially from higher trade, provided that trade facilitation measures were greatly strengthened. -
The Directions of Economic Cooperation between Korea and Emerging African Countries
Egypt, Algeria, and Nigeria, all visited by Korean president Roh in March2006, are politically and economically important countries in Africa. They all have relatively large populations and economies, and are richly endowed with e..
Bokyeong Park et al. Date 2006.05.12
Economic cooperation, Energy industryDownloadContent생략SummaryEgypt, Algeria, and Nigeria, all visited by Korean president Roh in March2006, are politically and economically important countries in Africa.
They all have relatively large populations and economies, and are richly endowed with energy resources. Therefore, there are various economic areas in which Korea can cooperate, the most feasible and mutually beneficial of which are identified in this report. The African countries' own economic features, such as market size, resource endowment, economic policy, and so forth are taken into account.
This report suggests that Korean overseas direct investment in Egypt would be an effective channel through which to enhance economic cooperation between Korea and Egypt. Egypt achieved noteworthy progress in its recent reforms to promote foreign investment. It established a Ministry of Investment, which will create the institutional framework and infrastructure required to attract foreign investment. It reduced the amount of red-tape involved with doing business, revised laws to make the labor market more flexible, and strengthened its intellectual property rights. Its location interlinking the Middle East, Africa, and Europe is a merit for foreign investors.
Algeria has a relatively large population and domestic market among African countries. It also has immense energy reserves, such as crude oil and natural gas. Korea, therefore, can strengthen economic ties with Algeria through export promotion and participation in energy development projects. The products for which Korea can rapidly increase its exports are automobiles, IT products, industrial machinery, steel, and iron. On the other hand, Algeria has kept open the domestic energy exploration market, and recently restructured its oil industry by lifting the regulatory rights of its national oil company. The restructuring is intended to accelerate the participation of foreign companies in the development of its energy resources. Korean oil companies and the government need to make an effort to seize these energy exploration opportunities in Algeria. Because of a long-lasting civil war, Algeria's infrastructure, such as electricity and transportation, remains destroyed or less developed. Therefore, linking energy exploration and infrastructure construction could be an effective strategy.
Nigeria also has a great amount of oil and gas, and allows foreign companies to participate in its exploration. Its recent policy on energy development is oriented toward inducing more foreign investor participation. However, there are a few risks associated with energy exploration by a foreign company in Nigeria. Most of the oil fields to be explored in Nigeria are offshore, which requires large-scale capital and advanced technology. In addition, the requirements of localization tend to be stricter, and there still remain political risks such as ethnic insurgencies and sudden policy changes. -
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- Monograph (in korean)Summary2005 Summaries of Research Reports -
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Korea-China-Japan FTA and the Korean Fisheries
This volume aims to analyze the potential effects of possible Korea- China-Japan free trade agreement, KCJ FTA, on their fisheries industry, and draw some policy recommendations for the Korean fisheries. (The rest is omitted.)
Namdoo Kim Date 2006.04.21
Economic openingDownloadContentSummaryThis volume aims to analyze the potential effects of possible Korea- China-Japan free trade agreement, KCJ FTA, on their fisheries industry, and draw some policy recommendations for the Korean fisheries. (The rest is omitted.) -
Africa in the World Economy: The National, Regional and International Challenges
The contributors to this book examine the economic constraints to growth and development faced by sub-Saharan African countries. These constraints include the underdevelopment of domestic capital markets, the lack of national and ..
Jan Joost Teunissen et al. Date 2006.04.05
Economic development, Capital marketDownloadContentAcknowledgements
Notes on the Contributors
Abbreviations
1. Clichés, Realities and Policy Challenges of Africa: By Way of
Introduction
PART I
THE DEVELOPMENT PARADIGM FOR AFRICA
2. Understanding African Poverty: Beyond the Washington Consensus to the
Millennium Development Goals Approach
3. The Challenge of African Development: A View from latin America
4. Are the MDGs Helping Africa to Become Independent?
5. Development Beyond the Millennium Development Goals
PART II
THE NATIONAL AND REGIONAL CHALLENGES럒AFRICA
6. Original Sin and Bond Market Development in Sub-Saharan Africa
7. Role of the State in Financial Sector Development in Sub-Saharan Africa
8. Capital Market Development in Uganda
9. Infrastructure, Regional Integration and Growth in Sub-Saharan Africa
10. Infrastructure, Regional Integration and Growth in Africa
11. Challenges for Regional Integration in Sub-Saharan Africa: Macroeconomic
Convergence and Monetary Coordination
12. Is Sub-Saharan Africa an Optimal Currency Area?
PART III
THE INTERNATIONAL CHALLENGES: TRADE AND FINANCE
13. Africa's Development and External Constraints
14. Keeping Africa's Policies on the Right Track
15. An Integrated Approach to Africa's Development Constraints
16. South-South Investment: The Case of Africa
17. Africa's External Constraints: What Developed Countries Should DoSummaryThe contributors to this book examine the economic constraints to growth and development faced by sub-Saharan African countries. These constraints include the underdevelopment of domestic capital markets, the lack of national and regional infrastructures, and the ongoing dependence on the export of commodities whose prices and markets are volatile and remain largely determined by the large companies of western countries. (The rest is omitted.)
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