Policy Analyses
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Policy Analyses
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Changes in Terms of Trade, and the Effects of Capital Market Liberalization
This study analyzes how changes in trade and capital market liberalization have affected the Korean economy. It attempts to measure the effects empirically and theoretically by using an analysis matrix introducing land to internat..
Hak Kil Pyo et al. Date 1993.12.31
Capital marketDownloadContentSummaryThis study analyzes how changes in trade and capital market liberalization have affected the Korean economy. It attempts to measure the effects empirically and theoretically by using an analysis matrix introducing land to international trade theory. The empirical results will provide suggestions for understanding how Korea's financial markets have evolved. -
The Use of Economic Instruments for Environmental Protection: Current Use and Prospects
Recently, environmental goods have begun to be recognized as economic goods. Although the environment has become seriously polluted through the process of industrialization worldwide, threatening economic activity, it has not been..
Ho-Saeng Rhee Date 1993.12.31
Environmental policyDownloadContentSummaryRecently, environmental goods have begun to be recognized as economic goods. Although the environment has become seriously polluted through the process of industrialization worldwide, threatening economic activity, it has not been until recently that environmental goods have begun to be recognized as economic goods. Environmental goods are representative of goods that cannot be allocated property rights.
Recently, global environmental pollution has become a matter of primary concern. The UN Conference on Environment and Development in 1992 served as an opportunity for the concept of sustainable development to spread widely, reinforcing that economic policy and environmental policy are inseparably related in the pursuit of sustainable development. Economic instruments related to the environment are expected to strike harmony between economic and environmental policy by raising their effectiveness.
This report emphasizes for sustainable development, Agenda 21 must make use of economic instruments, financial institution and incentives effectively. -
A Study on Korea's Technolgy Import from Japan and Its Implications
The objective of this study is to examine features of Korea's technology imports from Japan so far and the reason for the depression in the 1990s. Based on this, this paper gives suggestions for promoting technology import from Ja..
Chon-Sok Im Date 1993.12.31
Technical cooperationDownloadContentSummaryThe objective of this study is to examine features of Korea's technology imports from Japan so far and the reason for the depression in the 1990s. Based on this, this paper gives suggestions for promoting technology import from Japan.
Since 1960, Korea has imported much of its technology from advanced nations such as the United States and Japan. In particular, Japan has held relative importance in Korea's technology imports. However, technology imports from Japan have declined in the 1990s.
This paper indicates that there are some worries in the dependence on technology imports from Japan.
Japan's technology imitates that of Europe and America, but is of a lower grade. In addition, there are differences in views on problems surrounding technology transfer between Korea-Japan, such as the lack of up-to-date technology transfer (Japan) and structural problems in the public and private sectors regarding technology transfer (Korea).
Therefore, Korea needs to identify its structural problems and improve the environment to facilitate smooth technology transfer. -
Japanese Firms' Direct Investment in China: Recent Trends and Strategies
After the events of Tiananmen Square in 1989, many people doubted if China's economy could maintain reform and the open-door policy it had been pursuing for 10 years and recover the rate of FDI's increase.Unexpectedly, the Chinese..
Ick-Soo Kim Date 1993.12.31
Overseas direct investmentDownloadContentSummaryAfter the events of Tiananmen Square in 1989, many people doubted if China's economy could maintain reform and the open-door policy it had been pursuing for 10 years and recover the rate of FDI's increase.
Unexpectedly, the Chinese economy turned around quickly and FDI to China has increased dramatically. In terms of government policy, wages, labor and market, China has a more favorable environment to attract foreign investment than any other developing nation. For its part, Japan participated actively China's market after the yen gained strength in 1985.
This report estimates that in spite of economic recession in Europe and America since the 1990s and insufficient corporate funds, Japanese direct investment in China has increased rapidly.
This report suggests that the increase in Japan's direct investment in China reflects changes in the investment structures of the two countries. -
An Analysis of Foreign Trade and Financial Relations among CIS Countries
The study is designed to analyze progress, current issues and prospects of Commonwealth of Independent States (CIS) economic integration. Particular attention is paid to the implications of CIS economic integration for Korean firm..
Je-Hoon Park Date 1993.12.31
Financial policy, Trade policyDownloadContentSummaryThe study is designed to analyze progress, current issues and prospects of Commonwealth of Independent States (CIS) economic integration. Particular attention is paid to the implications of CIS economic integration for Korean firms.
After the collapse of the Soviet Union, the 11 former Soviet Republics, except Georgia, established the CIS in terms of military and alliance and economic links between them. However, the leaders of CIS countries have varied in their commitment and interest in regional economic integration, thus stifling any real progress in multilateral cooperation.
Although an agreement on establishing Interstate Bank (ISB) within CIS was concluded last year in 1993 to lay a foundation for the multilateral trading settlement system, it was not operated in practice. However, with the deepening of conflict between the conservative and revolutionary forces, CIS countries afraid of acquiring power through hard-line actions were beginnings to turn round their position. In this context, the agreement on establishing new ruble bloc and forming economic integration was concluded in the CIS summit talk in September 1993. CIS countries need to unite in a more powerful integrated grouping to achieve an upturn in the economy. -
Deepening of Asia-Pacific Economic Cooperation: Sectoral Issues and Prospects
This paper overviews recent efforts for and experiences in trade liberalization in APEC, with an emphasis on the sectoral approach, finding some points to be considered for further trade liberalization activities in APEC. The tech..
Co-authors Date 1993.12.31
Economic cooperationDownloadContentSummaryThis paper overviews recent efforts for and experiences in trade liberalization in APEC, with an emphasis on the sectoral approach, finding some points to be considered for further trade liberalization activities in APEC.
The technological levels and industry technology policies of Korea and the Asian Newly Industrialized Economies (ANIEs) are briefly examined in Section 1. In Section 2, APEC and sectoral approaches for energy and its private participation are reviewed. In Section 4, international management of straddling stocks and highly migratory fish and distant water fisheries are examined. In Section 5, the development of Electronic Data Interchange (EDI) in goods transport sector is reviewed. Finally, in Section 5, some devises to be considered for further joint cooperation of tourism marketing in APEC are proposed. -
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Laws on Mineral Resources Development in the Russian Federation
Sung-Ki Choi Date 1993.12.30
Economic development
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