Policy Analyses
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Policy Analyses
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Korea-Japan FTA and Future Agenda for Korea's Large Conglomerates
Multilateral trade negotiations have set the stage for world trade. However, we have also witnessed a sharp growth in bi-lateral trade negotiations even from countries engaged in multilateral trade negotiations. (The rest is omit..
Jang-Hee Yoo et al. Date 2005.12.30
Economic integrationDownloadContentSummaryMultilateral trade negotiations have set the stage for world trade. However, we have also witnessed a sharp growth in bi-lateral trade negotiations even from countries engaged in multilateral trade negotiations. (The rest is omitted.) -
The Impact of FDI from South Korea to China on Bilateral Trade
The purpose of this paper is to identify the major effects of South Korean FDI to China on their bilateral trade. The paper investigates the influence of South Korean companies investing in China for processing trade. South Korean..
Liu Xiangfeng Date 2005.12.30
Trade structure, Overseas direct investmentDownloadContentExecutive SummarySummaryThe purpose of this paper is to identify the major effects of South Korean FDI to China on their bilateral trade. The paper investigates the influence of South Korean companies investing in China for processing trade. South Korean FDI has positive effects on bilateral trade, especially on exports to China. Meanwhile, processing trade plays a significant role in bilateral trade, and has been chiefly responsible for China's trade deficit with South Korea. It is notable that Korean FDI in China is closely associated with export-oriented processing and assembly industries with labor-intensive characteristics. Now confronted with overall economic internationalization, making better use of foreign capital and optimizing the export structure is an urgent task for China. China should work to develop goods that have a competitive advantage, support top export enterprises and increase the export volume of machinery, electronics, and high-tech goods. The Chinese government should enthusiastically encourage Korean companies to invest in and build a foundation for the export of high-tech goods to achieve this. -
The Causes and Effects for Capital outflows in Korea
Global integration of capital markets, Korea's trade surplus, and continuous capital accumulation have raised the need for policy change to keep capital within the domestic market to allow for capital outflow into foreign market. ..
Deok Ryong Yoon et al. Date 2005.12.30
Financial policy, Capital marketDownloadContentSummaryGlobal integration of capital markets, Korea's trade surplus, and continuous capital accumulation have raised the need for policy change to keep capital within the domestic market to allow for capital outflow into foreign market. To meet this need, Korea has established a plan for capital liberalization and has implemented the plan continuously according to the given schedule. (The rest is omitted.) -
Gradual Strategy to Form a Northeast Asian Economic Community
Although Trade and investment among Northeast Asian countries have substantially increased since the 1990s, although there has not been any significant progress in terms of institutionalization of regional economic cooperation. On..
Chang Jae Lee et al. Date 2005.12.30
Economic integration, Economic cooperationDownloadContentSummaryAlthough Trade and investment among Northeast Asian countries have substantially increased since the 1990s, although there has not been any significant progress in terms of institutionalization of regional economic cooperation. On the other hand, In spite of many discussions and institutional efforts to enhance cooperation in energy development, railway construction, and the environment, few tangible results have been realized. Another key characteristic of Northeast Asian economic cooperation can be found in its international political constraints. Political tension among Northeast Asian countries, partly due to historical matters, has been exacerbated recently. (The rest is omitted.) -
The Evolution of ASEAN Plus Three Framework and Its Future Challenges
There has been a growing trend toward regionalism in East Asia since the 1997 financial crisis. In addition, increasing regionalism elsewhere has made it necessary for East Asia to focus more on securing common regional interests ..
Yul Kwon et al. Date 2005.12.30
Economic reform, Economic integrationDownloadContent내용없음SummaryThere has been a growing trend toward regionalism in East Asia since the 1997 financial crisis. In addition, increasing regionalism elsewhere has made it necessary for East Asia to focus more on securing common regional interests in the multilateral trading arena. This trend toward East Asian economic integration has been accelerating under the ASEAN Plus Three (APT) framework. (The rest is omitted.) -
The Increase of North Korea's Economic Dependence on China and Its Implications of South Korea
North Korea has remarkably increased the economic dependence on China because Soviet Union was broken down and Western countries have taken economic sanctions against North Korea. (The rest is omitted.)
Myung-Chul Cho et al. Date 2005.12.30
North Korean economyDownloadContent추후작성SummaryNorth Korea has remarkably increased the economic dependence on China because Soviet Union was broken down and Western countries have taken economic sanctions against North Korea. (The rest is omitted.) -
Rationale for a China-Japan-Korea FTA and Its Impact on the Korean Economy
This volume summarizes the results of a series of cooperative research efforts on 'The Implications of an FTA between China, Japan and Korea (CJK FTA) for the Korean Economy,' undertaken under the auspices of the National Research..
Chang Jae Lee et al. Date 2005.12.30
Economic integration, Economic cooperationDownloadContentForeword
Preface
Abstract
I. Introduction
II. Need for a CJK FTA
1. Economic Benefits of a CJK FTA
2. Effective Response to Regionalism
3. Need for a CJK FTA: Alternative Thinking
III. Macroeconomic Effects of a CJK FTA
1. CGE model
2. Distinctions from Preceding Studies
3. Structure of the CGE model
4. Scenarios of CJK FTA
5. Outcome of the Analysis
IV. Effects on the Manufacturing Sector
1. Features of the Manufacturing Sector and the Selection of Sensitive Products
2. Electronics Industry
3. Automobile Industry
4. General Machinery Industry
5. Textile Industry
6. Steel Industry
7. Petrochemical Industry
V. Effects on Agriculture and Fisheries
1. Competitiveness of Major Agriculture Products
2. Effects of Agriculture Opening by a CJK FTA
3. Trade Specialization of Major Fishery Products
4. Effects of a CJK FTA in the Fishery Sector
VI. Implications for the Service Sector
1. Concept and Significance of Service
2. Classification of Service and International Trade
3. Growing Importance of the Service Sector in the Korean, Chinese, and
Japanese Economies
4. International Status of the Service Sectors in Korea, China, and Japan
5. Comparison of Competitiveness of the Service Sector of Korea, China, and
Japan
6. Sensitive Service Sectors of Korea, China, and Japan
7. Direction for the Service Sectors in a CJK FTA
Appendix
References
Contributing AuthorsSummaryThis volume summarizes the results of a series of cooperative research efforts on 'The Implications of an FTA between China, Japan and Korea (CJK FTA) for the Korean Economy,' undertaken under the auspices of the National Research Council for Economics, Humanities and Social Sciences in 2005. (The rest is omitted.) -
Feasibility and Economic Effects of Korea-U.S. FTA
This study begins with a motivation that both economic and non-economic effects should be considered in order to increase the feasibility of a Korea-U.S. FTA from the Korean perspective. This study also begins with a motivation to..
Junkyu Lee et al. Date 2005.12.30
Economic integrationDownloadContentPreface
Acknowledgements
Executive Summary
Chapter I. Introduction
1. Background for a Korea-U.S. FTA
2. Contributions of this Study: Integrated and Extensive
3. Content and Organization
Chapter II. U.S. Strategy for FTAs: Obstacles and Opportunities for Korea
1. U.S. Trade Negotiating Strategy
2. Process in the United States for FTA negotiations
3. U.S. Trade Policy on Separate Areas in FTAs
4. Chapter Conclusion: Comparison with Korean FTA Strategy
Chapter III. Korea-U.S. Economic Relations, Issues and Competitiveness
1. Trade and Investment Relations
2. Current Bilateral Trade Related Issues
3. Comparison of Competitiveness Using Three Methods
4. Chapter Conclusion
Chapter IV. Macroeconomic Effects of a Korea-U.S. FTA
1. Analysis of Macro Economic Effects
2. Effects of a Korea-U.S. FTA on Korean Service Sector
3. Chapter conclusion
Chapter V. The Political Economy of a Korea-U.S. FTA
1. Korea as an FTA Partner for the United States: Why?
2. The United States as an FTA Partner for Korea: Why?
3. Trade Micro-Politics: Product Issues
4. Trade Macro-Politics: Coalitions, Presidents and Parties
5. Conclusions and Consequences for East Asia
Chapter VI. Conclusions
1. Effects of a Korea-U.S. FTA
2. Non-economic effects of a Korea-U.S. FTA
3. Opportunity Cost of Not Having a Korea-U.S. FTA
4. Policy Implications
Annex
References
Contributing AuthorsSummaryThis study begins with a motivation that both economic and non-economic effects should be considered in order to increase the feasibility of a Korea-U.S. FTA from the Korean perspective. This study also begins with a motivation to help successful Korea-U.S. FTA negotiations by writing the research in English. The English written study on the feasibility and economic effects of a Korea-U.S. FTA is expected to contribute to increasing the understanding of issues and effects of an FTA and to helping negotiators move along with efficient negotiations for the both countries. (The rest is omitted.) -
Economic Effects of a Korea-China FTA and Policy Implications(I)
Growing dependence on trade blocs in the global economy (creating more regionalism) puts pressure on Korea, whose international economic activities comprise more than 70 percent of its GDP, to create or join an active trade bloc. ..
Hongshik Lee et al. Date 2005.12.30
Economic integrationDownloadContentPreface
Executive Summary
I. Introduction
1. Background of a Korea-China FTA
2. Pursuit of a Korea-China FTA
3. Overview of Methodologies
II. Korea and China's FTA Strategies
1. Korea's FTA Strategy
2. China's FTA Strategy
III. The Economic Relationship Between Korea and China
1. Trade Patterns
2. Investment Patterns
3. A Competitiveness Analysis in Korean and Chinese Industries
4. Comparison of Tariff Rates of Korea and China
IV. Analysis of the Economic Effects of a Korea-China FTA
1. Analysis of the Macroeconomic Effects
2. Effects of a Korea-China FTA on Foreign Direct Investment
V. Conclusion
1. Potential Economic Effects of a Korea-China FTA
2. Policy Implications
3. Limitations and Future Work
References
Contributing AuthorsSummaryGrowing dependence on trade blocs in the global economy (creating more regionalism) puts pressure on Korea, whose international economic activities comprise more than 70 percent of its GDP, to create or join an active trade bloc. In other words, if Korea does not enter the global FTA network, Korea will face disadvantages. If Korea's major trading partners conclude FTAs with other nations and regions, Korean products will become relatively more expensive and lose price competitiveness in these markets because of the relatively higher tariff rates imposed on Korean products. (The rest is omitted.) -
The Demand for and Optimal Management of International Reserves in Korea
In this paper we provide empirical interpretations for the build up and active management of international reserves in Korea. (The rest is omitted.)
Deok Ryong Yoon et al. Date 2005.12.30
Exchange rateDownloadContentSummaryIn this paper we provide empirical interpretations for the build up and active management of international reserves in Korea. (The rest is omitted.)
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