Policy Analyses
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Policy Analyses
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U.S. Trade Policy under Clintons's Second Term
U.S. Trade Policy under Clinton's Second Term Yunjong Wang Currently, U.S. trade policy makers are taking a multi-track approach to take advantage of various trade fora. In principle, the United States supports the global free tr..
Yun-Jung Wang Date 1997.09.10
Trade policyDownloadContentSummaryU.S. Trade Policy under Clinton's Second Term Yunjong Wang Currently, U.S. trade policy makers are taking a multi-track approach to take advantage of various trade fora. In principle, the United States supports the global free trading system under the WTO. However, much of current U.S. trade policy is bilateral in nature and often protectionist. U.S. trade laws justify reciprocity and retaliation based on the concept of fairness. Thus, American trade policy can be characterized as one having strategic motivation for opening foreign markets rather than one pursuing global free trading system.
The Clinton Administration is now asserting that it will bridge to the future through successful completion of is second term. While the U.S. government continues to exert its hegemonic power in every aspect of foreign affairs (such as diplomacy, security, and commerce) based on sustained and sound growth of the U.S. economy, it will make further efforts to strengthen its leadership over the world political and economic arenas in the 21st century. In trade policy, the Clinton Administration will continue to make attempts at opening foreign markets, particularly in China, Japan, Korea, and other Asian countries. -
How Japan is Coping with its Macroeconomic and Structural Adjustment Problems : Lessons for Korea
Hugh T.Patrick Date 1997.09.05
Economic development, Financial system -
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I. The GATT in Context
II. From GATT to WTO
III. Regionalism, the next "big idea," and unanswered questions
IV. Conclusions
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Impact of Foreign Direct Investment Liberalization: The Case of Korea
This paper seeks to investigate the impact of Korea's foreign direct investment (FDI) liberalization on its economy. Estimation of externalities in production using the available aggregate data reveals that increased production of..
June-Dong Kim Date 1997.08.20
Exchange rateDownloadContentSummaryThis paper seeks to investigate the impact of Korea's foreign direct investment (FDI) liberalization on its economy. Estimation of externalities in production using the available aggregate data reveals that increased production of foreign invested enterprises (FIEs) has a significantly positive effect on the production of domestic firms during 1984-86. Through technology transfer, FIEs helped the semiconductor industry to develop into a world-wide dominance in memory chips. They also contributed to the pharmaceutical industry in inventing new drugs by raising research capabilities. Besides technology transfer, opening-up of the domestic market to FDI is changing Korea's industrial structure. The FDI liberalization in the retail industry has replaced the manufacturer-dominated structure with the retailer-dominated ones. -
Economic Integration Policy in MERCOSUR and its Future Prospects
Won Ho Kim Date 1997.06.30
Economic integration -
International Economic Implications of Korean Unification
The possibility of a North Korean collapse has attracted much attention from parties both inside and outside Korea. One indicator of imminent collapse is the recent flood of North Korean defectors to the South. Dozens of North Kor..
YoungRok Cheong Date 1997.02.25
DownloadContentSummaryThe possibility of a North Korean collapse has attracted much attention from parties both inside and outside Korea. One indicator of imminent collapse is the recent flood of North Korean defectors to the South. Dozens of North Koreans have been reported every day crossing over to South Korean embassies in countries in economic transition such as China. South Korean diplomats, however, have generally rejected such requests.
This book is a compilation of the proceedings from the seminar on International Economic Implications of Korean Unification held on June 28-29, 1996 in Seoul, organized by the Korea Institute for International Economic Policy (KIEP) and The Korea Herald, in collaboration with the Asia Foundation and the Korea Economic Institute (KEI) of America. This publication should prove to be useful and timely considering recent developments surrounding the Korean peninsula. -
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