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Working Papers
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Science and Technology Policies of Major OECD Countries
Yoo Soo Hong Date 1993.12.31
Economic development, Industrial policy -
A Study on the Establishment of a Currency Futures Market
Cheol Sam Kim Date 1993.12.31
Financial policy, Monetary policy -
International Cooperation on Competition Policy and Extra-Territorial Application of the Anti-trust Law
Jin Soo Yoo Date 1993.12.31
Competition policy -
Japan's Financial Liberalization and Internationalization of the Yen
Jae Jung Kwon Date 1993.12.31
Financial liberalization -
A New Direction for Asia-Pacific Economic Cooperation
Since its inception in 1989, Asia-Pacific Economic Cooperation (APEC) suggested the possibility for Asia-Pacific economic cooperation at the fifth summit in Seattle, USA, in 1993.APEC Leaders' meetings has discussed a broad vision..
Co-authors Date 1993.12.31
Economic cooperationDownloadContentSummarySince its inception in 1989, Asia-Pacific Economic Cooperation (APEC) suggested the possibility for Asia-Pacific economic cooperation at the fifth summit in Seattle, USA, in 1993.
APEC Leaders' meetings has discussed a broad vision of regional free trade and investment, and produced institutional ground pledging concerted efforts for trade liberalization, the encouragement of technology transfer and investment by establishing officially Committee on Trade and Investment.
APEC adopted the principle of open regionalism, namely, regional integration without trade discrimination against other economies. This open regionalism contrasts sharply with the approach taken in most regional cooperation agreement including the European Union (EU) and North American Free Trade Agreement (NAFTA).
APEC is expected to play a leading role in intra-regional economic cooperation and the creation of a new world economic order based on the multilateral trading system. -
Future Technological Cooperation between Korea and Japan
This study analyzes technological cooperation between Korea and Japan and outlines the desirable path for technological cooperation of the 21st country.The Japanese industry is experiencing a lull in trade for now, heading toward ..
Woo-Hee park et al. Date 1993.12.31
Technical cooperationDownloadContentSummaryThis study analyzes technological cooperation between Korea and Japan and outlines the desirable path for technological cooperation of the 21st country.
The Japanese industry is experiencing a lull in trade for now, heading toward a recession. This change means that the times of mass-producing cars, electric appliances and computers are at an end.
The major findings of the paper can be summarized as follows: Demand has shrunk due to the sudden development; Japan's international competitiveness is weakened due to the high yen; With environment pollution on the rise globally, there are warning signs on mass production and mass consumption in the long-term. Technological progress in terms of society is making problems, with Japan is faced with social issues such as transport, refuse disposal in urban, environment, city planning, the labor shortage, education, medical treatment and welfare. Accordingly, Korea and Japan should encourage closer cooperation and complete their role and responsibility for the desirable industrialization of ASEAN nations. -
China's Foreign Trade, and Export Competition between Korea and China
Since the Uruguay Round agreement and the launching of the EEA and NAFTA, the world economy has advanced into a bloc-oriented competitive system based on the size and range of economy. These blocs contribute to integration in the ..
Yong-Suk Oh Date 1993.12.31
Trade policyDownloadContentSummarySince the Uruguay Round agreement and the launching of the EEA and NAFTA, the world economy has advanced into a bloc-oriented competitive system based on the size and range of economy. These blocs contribute to integration in the service market and liberalize transactions in labor, capital and technology.
Accounting for 70 percent of world market share, economic blocs in Europe and North America are expected to impose a heavy burden on the Korean economy. With such changes in the world trade environment, China has been rising as another threat to Korea's export. China's export market has grown dramatically due to the drastic forms made in policies on foreign trade, export drive, wages and labor.
China's export market focuses on the labor-intensive light industry for the United States, Japan, Europe and Southeast Asia, which is Korea's principal market.
This paper implies that the increase in Chinese exports will make inroads into the Korean market. This paper suggests that China's export competitiveness compared with Korea may increase not only in terms of price, but also in terms of quality. -
A Study on Korean Competitiveness in the US Market
This study examines changes in Korea's competitiveness in the U.S. market using several analysis methods. The results indicate the effect of inactivity in export trade toward the U.S.: rather than Korean competitiveness catching u..
In-Bom Choi Date 1993.12.31
DownloadContentSummaryThis study examines changes in Korea's competitiveness in the U.S. market using several analysis methods. The results indicate the effect of inactivity in export trade toward the U.S.: rather than Korean competitiveness catching up with Japanese competitiveness, the difference has recently widened. In terms of Korea's main exports, the competitiveness of developing countries such as China, Thailand and Malaysia have intensified, and the weakening of Korea's price competitiveness has resulted in a wage increase. These trends have affect Korea's export market.
This study suggests that to activate exports, there is an urgent need for wages to be stabilized. The Korea government stabilizes prices and helps companies lower financial expenditure by inducing a reduction of interest through financial liberalization. In addition, Korean companies should come up with the ways to strengthen competitiveness in the long-term through investment in technology. -
Current Status and Prospects of Korean Trade with Eastern Europe
This study is designed to analyze progress, current issues and prospects of Korean trade with Eastern Europe. In 1989, Eastern European countries started transforming from socialist planned economies to capitalist market economies..
Hoon-Young Kwon Date 1993.12.31
Trade policyDownloadContentSummaryThis study is designed to analyze progress, current issues and prospects of Korean trade with Eastern Europe.
In 1989, Eastern European countries started transforming from socialist planned economies to capitalist market economies. This was made possible by the preceding revolutionary political changes in the process of which old socialist ideology was discarded. As Eastern Europe countries pursued the same goal - establishment of a market economy - the basic directions of economic transformation consisted of the same elements: liberalization of economic activities, macroeconomic stabilization, the privatization of state enterprises and the introduction of a market infrastructure. These eastern European countries, which had lower production costs than EU member countries, can serve as beachheads from which Korea might access the vast EU market.
Thus, Korean must work out mew sales strategies and gradually increase participation in Eastern European local markets. Korea should also target increased direct investment in that region. -
A Study on the Privatization Efforts in Major Eastern European Countries
The purpose of this paper is to reexamine the general direction of economic exchange with Eastern European countries in accordance with the sudden internal and external changes, focusing on the increasing privatization to induce f..
Kern-Soo Yun Date 1993.12.31
Economic openingDownloadContentSummaryThe purpose of this paper is to reexamine the general direction of economic exchange with Eastern European countries in accordance with the sudden internal and external changes, focusing on the increasing privatization to induce foreign direct investment.
Since the 1990s, major Eastern European countries have pursued economic reform by transforming from socialist planned economy to capitalist market economy. These countries, which are short of accumulated resources and know-how in corporate management, have a tendency to raise the participation ratio of privatization compared to earlier reforms to induce foreign direct investment. In this contrast, Korea trade with major eastern European countries remains in its infancy stages. In the long-term, Eastern European countries will provide a larger market and meet favorable conditions as a production base for entry into the EC owing to historic and regional approximation.
Accordingly, based on Eastern European domestic demand, Korean companies should explore the possibility of investment expansion in the long term, giving consideration to exporting to the EC and Russia.
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