Publications
Policy Analyses
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The Current Status of Uzbekistan Economy and the Economic Cooperation between Korea and Uzbekistan
The strategic importance of Central Asia has grown significantly since the collapse of the Soviet Union and the end of the Cold War. Central Asia is no longer a peripheral part of the international arena, but instead occupies a st..
Jae-Young Lee et al. Date 2005.05.06
economic cooperationDownloadContent없음SummaryThe strategic importance of Central Asia has grown significantly since the collapse of the Soviet Union and the end of the Cold War. Central Asia is no longer a peripheral part of the international arena, but instead occupies a strategic core of the geopolitical system. Uzbekistan, situated in the very heart of Central Asia, not only serves as an important military or political partner but also as a potential export market and energy supplier. Therefore we should review the possibility of future cooperation with Uzbekistan. (The rest is omitted.)< -
Korea and the Dual Chinese Challenge
The economic rise of China and its integration into the globalization process is undoubtedly one of the most important developments of the past decades. The resulting change in the global balance of economic activities has far-rea..
Françoise NICOLAS Date 2005.04.30
economic integration, economic cooperationDownloadContentExecutive Summary
I. Introduction
II. The Rise of China: A Dual Challenge for Korea
1. China as a major trading partner
2. China as a competitor in third markets
3. The “huge sucking sound” from China: is it for real?
4. China's rise as a regional leader
III. Responding to the Dual Chinese Challenge
1. Re-orienting Korea firms' strategies
2. Addressing domestic economic weaknesses
3. Korea's regional strategy
IV. Summary and Conclusions
ReferencesSummaryThe economic rise of China and its integration into the globalization process is undoubtedly one of the most important developments of the past decades. The resulting change in the global balance of economic activities has far-reaching implications for the world as a whole and for neighboring emerging economies in particular, with Korea as a case in point. (The rest is omitted.)< -
Advanced Trading Nation: Korea's New Paradigm of Economic Development
Korea now needs a new development strategy, not only fit for its present economic and social conditions but also fit for the challenges of globalization. Korea has to break from the previous trade paradigm, export maximizing and i..
Nakgyoon Choi et al. Date 2005.04.15
economic opening, trade policyDownloadContentSummaryKorea now needs a new development strategy, not only fit for its present economic and social conditions but also fit for the challenges of globalization. Korea has to break from the previous trade paradigm, export maximizing and import minimizing trade combined with free riding on worldwide economic liberalization. Concurrently Korea needs to create a new paradigm based on actively taking advantage of globalization as a driving force of economic development. (The rest is omitted.)< -
The Current Status of Turkish Economy and the Economic Cooperation between Korea and Turkey
The Economic situation in Turkey is gradually reviving thanks to multiple factors such as high-speed growth rate, decrease of interest rate led by currency depreciation, and the slowing down of the inflation rate. However much of ..
Cheol-Won Lee Date 2005.04.12
economic outlook, economic cooperationDownloadContentSummaryThe Economic situation in Turkey is gradually reviving thanks to multiple factors such as high-speed growth rate, decrease of interest rate led by currency depreciation, and the slowing down of the inflation rate. However much of the economic reform agenda is still pending including the huge burden of public debt. Red tapes in the bureaucratic system, high commission rate and side costs are regarded as impediments to potential economic growth. In addition, the still growing inflation rate, currency exchange risk, and high interest rate which all result in financial burden, heavy corporation tax, and burdensome electricity cost are hindering Korean firms from entering the Turkish market. (The rest is omitted.)< -
Diversity in Development
The economic success that East Asian economies have achieved in late 20th century is contrasted with a sluggish performances at best of economies of Latin America. (The rest is omitted.)
Jan Joost Teunissen et al. Date 2005.02.25
economic development, economic developmentDownloadContentAcknowledgements
Notes on the Contributors
Abbreviations
Preface by Alicia Bacena
1 The Need for Visions on the Economy: By Way of Introduction - 1
Part I
The Washington Consensus: What is Right and What is Wrong?
2 Serious Inadequacies of the Washington Consensus: Misunderstanding the Poor
by the Brightest - 9
3 The Dogmatism of the Washington Consensus - 44
4 The Need for a More Flexible Approach to Development - 53
5 Globalisation and the Development Agenda - 61
6 Improving Rather than Abandoning Reforms - 87
7 The Widening and Deepening of Democratic Development - 90
8 Reforming the Reforms of the Washington Consensus - 100
9 Right Prices for Interest and Exchange Rates - 116
Part II
Financial Stability at the National, Regional and Global Level:Governance,
Markets and Institutions
10 Financial Instability in Emerging Market Countries:Causes and Remedies - 125
11 Competent Institutions and Selective Globalisation - 145
12 In Search of a New East Asian Development Paradigm:Governance, Markets and
Institutions - 150
13 Path-Dependent Reforms of the East Asian Development Model - 170
14 East Asian Cooperation, Social Policies and the WTO - 174
15 The Search for a Stable and Equitable Global Financial System - 181
16 Global Crisis Prevention and Liquidity Provision - 208
Part III
Towards a New Development Agenda
17 Africa and the Washington Consensus - 215
18 The Potential of the Doha Development Agenda - 223
19 A Development and Research Agenda for the Poorest Countries - 232SummaryThe economic success that East Asian economies have achieved in late 20th century is contrasted with a sluggish performances at best of economies of Latin America. (The rest is omitted.)< -
Comparison of the Measures Implemented for Economic Reform and Actions Taken to Boost Economy in Korea and Japan
Although still unstable, many argue that the Japanese economy has overcome its 10-year long economic recession to slowly enter into the recovery phase. What lessons can Koreans learn from Japan? (The rest is omitted.)
Chong-Yun Rhee Date 2005.02.25
economic reform, economic developmentDownloadContentSummaryAlthough still unstable, many argue that the Japanese economy has overcome its 10-year long economic recession to slowly enter into the recovery phase. What lessons can Koreans learn from Japan? (The rest is omitted.)< -
Korea-Japan FTA: Toward a Model Case for East Asian Economic Integration
The year 2005, the target year for Japan and Korea to conclude their FTA, will be the 40th anniversary of the establishment of diplomatic ties after their painful history. During the last four decades, Japan-Korea relations have m..
Choong Yong AHN et al. Date 2005.02.20
economic integration, economic cooperationDownloadContentPreface
Editors' Biographical Notes
Contributors
I. Political Economy of Korea-Japan Free Trade Arrangement: A Korean
Perspective / Taeho Bark and Chong Sup Kim
II. Political Economy of Japan-Korea FTA from Japanese perspective: Strategic
approach, gains, and implications for the East Asian integration / Takatoshi
Ito and Yukiko Fukagawa
III. Modality of Korea-Japan FTA: From the Perspective of Korea / Dukgeun Ahn
IV. What Kind of Free Trade Arrangement? Modality and Contents: Japanese
Perspective / Eiji Ogawa
V. Economic Assessment of Korea-Japan FTA / Inkyo Cheong
VI. The Impacts of Japan-Korea FTA and CU on Economy, Industry and Trade in
Japan and Korea / Shujiro URATA and Kazutomo ABE
VII. Liberalization of the Agriculture and Fishery Sectors / Yoocheul Song
VIII. Agricultural Issues on Japan-Korea FTA / Masayoshi Honma
IX. Liberalization of Trade in Services: A Korean Perspective / June-Dong Kim
X. Economic Analysis on Japan-Korea FTA: Service Trade / Fukunari Kimura
XI. How to Measure Non-tariff Barriers? A Critical Examination of the
Price-Differential Approach / Kyoji Fukao
XII. Non-Tariff Barriers, Real Obstacles or False Perceptions?: Korean
Perspective / Yang-Hee Kim
XIII. Exchange Rate Uncertainty and Free Trade Agreement between Japan and
Korea / Kwanho Shin and Yunjong Wang
XIV. How Wide is the Border Between Japan and Korea? / Takatoshi ITO and
Noriyuki KAJII
EpilogueSummaryThe year 2005, the target year for Japan and Korea to conclude their FTA, will be the 40th anniversary of the establishment of diplomatic ties after their painful history. During the last four decades, Japan-Korea relations have matured gradually, promoted in part by miraculous development and catch-up by the Korean economy. In 1996, Korea became an OECD member, the second country in Asia following Japan. As an OECD member, Korea is expected to share common global responsibilities to promote economic growth and liberalization. Although the Korean economy was hit by the Asian financial crisis in 1997, Korea surprised the world by instigating a comprehensive structural reform and subsequent speedy economic recovery led by a strong political will and swift business initiatives. Korea has accomplished the IMF conditionality, while receiving the IMF financial assistance package. (The rest is omitted.)< -
Latin America and East Asia-Attempts at Diversification
Jorg Faust et al. Date 2004.12.30
economic relationsDownloadContentContents Preface Contributors List of Abbreviations Latin America and East Asia-Defining the Research Agenda / Jorg Faust and Manfred Mols East Asian Regionalism at the Crossroads / Alfredo C. Robles Multilateral Co-operation between Latin America and East Asia / Manfred Wilhelmy ; Stefanie Mann Argentina's relations with East Asia / Gonzalo S. Paz Brazil's Asia-Pacifc Policy / Henrique Altimani de Oliveira Chile and Asia-Pacific : The Economic Connection / Hernkn Gutierrez B. Relations between Mexico and East Asia / Jorg Faust ; Uwe Franke Peru and Pacific Asia / Ruben Berrios China and Latin America / Stefanie Mann Japan and Latin America-Missing Strategies and Political Will / Kotaro Horisaka Korean Relations with Latin America : Policy Goals and Constraints / Kim, Won-Ho Southeast Asia and Latin America : A Case of Peripheral Interregionalism / Jorn Dosch Latin America and East Asia : Between Bilateralism and Interregionalism? / Manfred Mols ReferencesSummary -
The Structure of North Korea's Political Economy: Changes and Effects
This study analyzes the structural changes of North Korea's economy using social accounting matrix. It finds that, since the early 1990s, North Korea's official economy has shrunk because of the collapse of state-owned enterprises..
Young-Sun Lee et al. Date 2004.12.30
North Korean economyDownloadContentI. Introduction
II. Structure of North Korean Economy and Its Changes
III. North Korea's Reform Measures and their Implications
IV. Summary and ConclusionSummaryThis study analyzes the structural changes of North Korea's economy using social accounting matrix.<
It finds that, since the early 1990s, North Korea's official economy has shrunk because of the collapse of state-owned enterprises, and the private economy has grown as a result of the people's effort to survive amid economic difficulties. Meanwhile, the military spending has increased demonstrating the military's important role in maintaining domestic stability and external security. Gradually, and often under state-initiated reforms like the reform measures introduced in July 2002, the private sector in North Korea has expanded at the expense of the official economy, thereby transforming the North into a market economy. International engagement toward a peaceful resolution with North Korea should begin with efforts to support growth in the private sector. -
Marginal Intra-industry Trade, Trade-induced Adjustment Costs and the Choice of FTA Partners
In recent years a new regionalism has begun to emerge in East Asia. Korea is no exception. Inside Korea, however, there are many arguments against opening its domestic market for the foreign competition resulting from a free trade..
Chan-Hyun Sohn et al. Date 2004.12.30
trade structure, trade policyDownloadContentExecutive Summary
I. Introduction
II. Trends and Extents of IIT and MIIT
1. The Indices of IIT and MIIT
2. Extents of IIT and MIIT
III. The Determinants of Intra-industry Trade
1. Hypotheses of IIT Analysis
2. Results of Analysis
IV. The Determinants of Marginal Intra-industry Trade
1. Hypotheses of MIIT Analysis
2. Results of Analysis
V. Summary and Concluding Remarks
References
Appendix TablesSummaryIn recent years a new regionalism has begun to emerge in East Asia.<
Korea is no exception. Inside Korea, however, there are many arguments against opening its domestic market for the foreign competition resulting from a free trade agreement (FTA). The main reason is because the FTA would result in costly factor adjustment. It has been argued by many researchers that intra-industry trade generates smaller inter-industry factor adjustment than inter-industry trade, and hence intra-industry trade involves lower adjustment costs than inter-industry trade. (The rest is omitted.)
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