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Economic Effects of Import Source Diversification Policy: Focusing on Import Substitution and Import Source Diversification Effects
Import source diversification policy(ISDP) presupposes that foreign trade deficit vis-a-vis one nation is undesirable and its purpose lies in maintaining the balance of trade with each country. The background for this policy can b..
June-Dong Kim Date 1992.09.05
Trade policyDownloadContentSummaryImport source diversification policy(ISDP) presupposes that foreign trade deficit vis-a-vis one nation is undesirable and its purpose lies in maintaining the balance of trade with each country.
The background for this policy can be found in a search for ways to cushion the impact stemming from import liberalization to protect and foment domestic industry.
In the meanwhile import source diversification policy(ISDP) has had some merits in terms of controlling the trade deficit vis-a-vis Japan and fomenting domestic capital goods industry.
But on the other hand, there has been criticism about the negative side-effects of ISDP. First of all, for the most part, no consistent principles have been established on the types of products which are to be included or excluded from the policy. Thus, some suspect whether ISDP has only succeeded in protecting industry interests while creating many inefficiencies by restricting competition. In particular, since the end of 1980s when the export competitiveness of Korean products has dropped sharply, many people question the efficiency of ISDP.
In this connection, this study proposes to set forth plans for enhancing ISDP in the future on the basis of a critique of the economic efficiency of the said policy. -
Changing World Trade Environment and New Political Economics
The objective of this paper is four-fold. First, the characteristics of current international trade in the capitalist regime and their implications will be analyzed without resorting to the conventional comparative advantage or th..
Jang-Hee Yoo Date 1992.09.02
Trade policyDownloadContentContents
I. Introduction
II. Overview of Traditional Trade Theory
III. Problems in International Economic Order
IV. The New Political Economy of Protectionism
V. Emergence of a New System
VI. Concluding Remarks
References
SummaryThe objective of this paper is four-fold. First, the characteristics of current international trade in the capitalist regime and their implications will be analyzed without resorting to the conventional comparative advantage or the factor endowment theory. Second, expected changes in the international capitalist market under the new world economic environment will be illustrated. Third, the implication of recent world economic developments such as economic integration, regionalism, formation of free trade areas, and economic cooperation among the industrial powers, like G-7, will be studied in light of the first two objectives. Finally, from the standpoint of these recent economic developments, we shed light on the kind of adjustments required for those countries whose economic developments have been engineered on the basis of the outward-looking economic growth model.
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Russia's Reform and Economic Cooperation between Korea and Russia
The Korea Institute for International Economic Policy (KIEP) organized the conference on 'Russia's Reform and Economic Cooperation Between Korea and Russia' on September 7-8, 1992.This forum gathered together eminent economists an..
Je Hoon Park Date 1992.09.01
Economic cooperationDownloadContentSummaryThe Korea Institute for International Economic Policy (KIEP) organized the conference on 'Russia's Reform and Economic Cooperation Between Korea and Russia' on September 7-8, 1992.
This forum gathered together eminent economists and researchers from both countries in an effort to share visions and to intensify efforts for the two countries' economic cooperation. It would come up with some meaningful insights for the future of Korean-Russian economic cooperation. -
Trade Barriers of the United States
The United States has been Korea's largest trading partner for a long period of time, but while the two countries have enjoyed substantial benefits from the trade relationship, there has also been substantial trade friction.The re..
Nam Doo Kim Date 1992.08.25
Trade disputeDownloadContentSummaryThe United States has been Korea's largest trading partner for a long period of time, but while the two countries have enjoyed substantial benefits from the trade relationship, there has also been substantial trade friction.
The report looks at the individual issues in detail: Tariff barriers, non-tariff barriers (anti-dumping and countervailing measures), import quantity limitation measures, gray import limitation measures, unilateral trade sanction and discriminate trade system and export-related trade barriers. -
Studies on Trade Barriers of Developed Countries: Government Procurement
This paper explains the Government Procurement Agreement and examines trade barriers in developed economies such as the U.S, Japan and EC, suggesting some strategies to take countermeasures. This paper is organized as follows. Sec..
In Bom Choi Date 1992.08.20
Trade disputeDownloadContentSummaryThis paper explains the Government Procurement Agreement and examines trade barriers in developed economies such as the U.S, Japan and EC, suggesting some strategies to take countermeasures.
This paper is organized as follows. Section II examines the background and current status of the Government Procurement Agreement. Section III analyzes the trade barriers of the U.S. such as its preferential purchase system and discriminatory procurement system. Section IV analyzes the trade barriers of Japan such as the dispersed procurement system and abuse of exclusive bids. Section V analyzes the trade barriers of the EC, including its preferential purchase system and procurement directions, and trade barriers of the EC member nations. Summary and policy implications are provided in Section VI. -
Changes in the EC's Shipping Policies: Problems and Prospects
Chung-Ki Min Date 1992.08.12
Economic integration, Trade policy -
Studies on the Strategy for Internationalization of the Service Industry: Impact of Liberalization on the Distribution Industry
This paper aims to examine changes and effects related to the liberalization of Korea's distribution industry, suggesting some strategies to take countermeasures against the problems accruing from liberalization. This paper places..
Se-Don Shin Date 1992.07.31
Industrial policyDownloadContentSummaryThis paper aims to examine changes and effects related to the liberalization of Korea's distribution industry, suggesting some strategies to take countermeasures against the problems accruing from liberalization. This paper places more importance on dynamic structural changes and Korean characteristics than on the status quo of the Korean distribution industry.
In order to analyze impact of the commodity market of liberalization on the distribution, this paper takes both a theoretical and practical approach.
Through such analyses, some useful strategies and devices are offered for Korean companies and foreign investors hoping to enter Korea's domestic market.
In this regard, the paper makes some policy recommendations for the Korean government to take countermeasures against the negative effects expected to arise from the liberalization. -
Korea's Advertisement Industry: Strategies to Improve Its International Competitiveness
This paper aims to examine the experiencing in structural transitions according to the Uruguay Round (UR) multilateral negotiations, suggesting strategies to improve the international competitiveness of Korea's advertisement indus..
Sang Hack Lee Date 1992.07.31
Industrial policyDownloadContentSummaryThis paper aims to examine the experiencing in structural transitions according to the Uruguay Round (UR) multilateral negotiations, suggesting strategies to improve the international competitiveness of Korea's advertisement industry.
This paper places more importance on dynamic structural changes and Korean characteristics than on the status quo of the Korean advertising industry.
The composition of this study is as follows. Section II reviews the current status and structural characteristics of Korea's advertisement industry.
Section III predicts the type of multinational companies making inroads into the Korea market by analyzing the changing environment due to liberalization. In this regard, Section IV makes some policy recommendations for Korea to take countermeasures accruing from liberalization. -
Pattern and Performance of Economic Reform in Eastern Europe
Political economic reform in Eastern Europe before and after in the 1990s has been one of the epoch-making events of the 21st century. Reform has been focused on transforming socialist planned economy into capitalist market econom..
Yoo Soo Hong Date 1992.07.31
Economic reformDownloadContentSummaryPolitical economic reform in Eastern Europe before and after in the 1990s has been one of the epoch-making events of the 21st century. Reform has been focused on transforming socialist planned economy into capitalist market economy to settle severe economic problems. There is an urgent need for Eastern Europe countries to enter the world economy to escape the separatism of the past. -
Foreign Investment Promotion System in the Russian Federation
Chan-Hyeok Yoon Date 1992.07.30
Foreign direct investment