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Working Papers
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Inter-regional Trade Structure and Comparative Advantage Analysis in the Northeast Asia Region
The linkages of the Northeast Asian economies with the rest of the world have become more significant in recent years. The share of intra-regional trade among the Northeast Asian economies increased in most of the countries over t..
Young Rok Cheong Date 1992.01.01
Trade StructureDownloadContentSummaryThe linkages of the Northeast Asian economies with the rest of the world have become more significant in recent years. The share of intra-regional trade among the Northeast Asian economies increased in most of the countries over the last two decades. The most dynamic changes in the international trade of the East Asian economies can be observed in Northeast Asian economies.
This paper reviews the intra-regional trade structure and the degree of competition among Northeast Asian economies, assessing the viability of forming a regional economic cooperation body. However, it will be difficult for Northeast Asia to produce practical benefits for years to come.
The analysis uses various trade-related indices, including trade specialization, to calculate comparative advantage, intra-industry trade, while the trade conformity index is used with an emphasis on the demand side of international trade.
Overall, this paper analyzes that differential policies between Northeast Asian countries (North Korea, the Soviet Union and China) and Japan are required.
It identifies even more complementary relationships between the countries as the product classification is disaggregated further. -
International Discussion of Technical Barriers to Trade, and Policy Responses
Chan-Hyun Sohn Date 1991.12.30
Technical Cooperation -
Northeast Asian Economic Cooperation: Perspectives and Challenges
The Korea Institute for International Economic Policy (KIEP) together with the Asia Society of the United States organized the 'Regional Forum on Northeast Asian Economic Cooperation,' on September 3-4, 1991.The purpose of this fo..
Jang Won Suh Date 1991.12.30
Economic CooperationDownloadContentSummaryThe Korea Institute for International Economic Policy (KIEP) together with the Asia Society of the United States organized the 'Regional Forum on Northeast Asian Economic Cooperation,' on September 3-4, 1991.
The purpose of this forum was to analyze characteristics unique to the Northeast Asian economies and identify critically potential areas of economic cooperation. In addition, it was an attempt to determine the modalities of this cooperation and the roles that each of the countries would play. -
The Uruguay Round Negotitions and the Korean Economy
The main purpose of this paper is three-fold. The first objective is to show how Korea has been handling the negotiations by describing the government structure involved in the negotiating process and its positions taken in the Ur..
Tae-ho Bark Date 1991.11.01
Economic Relations, Multilateral NegotiationsDownloadContentContents
I. Introduction
II. Korea's Participation in the Uruguay Round
III. The Impact of the Uruguay Round on the Korean Economy
IV. Tasks Facing Korea
V. Major Difficulties Faced by Korea in the Uruguay Round
VI. Concluding Remarks
Endnotes
References
SummaryThe main purpose of this paper is three-fold. The first objective is to show how Korea has been handling the negotiations by describing the government structure involved in the negotiating process and its positions taken in the Uruguay Round. Second, this paper tries both to evaluate the potential impact of the Uruguay Round on the Korean Economy and also to suggest the policy measures and actions to be taken by the government as well as the private business community. The third objective of this paper is to share the difficulties experienced by Korean negotiators.
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The Soviet Construction Market and Opportunities for Korean Construction Firms
Kwang-Sik Park Date 1991.11.01
Industrial Policy -
Fundamental Strategies for Korea's Economic Cooperation with Vietnam
Hak-Su Kim Date 1991.11.01
Economic Cooperation -
Analysis of the Effects of Opening Korea's Stock Market to Foreign Investment
The Korean stock market will be open to foreign investors from January 1992, a move to liberalize the stock market from it's earlier conditions of prohibiting stock trade with foreign investors with the exception of direct investm..
Chong Man Kim Date 1991.10.29
Economic Opening, Capital MarketDownloadContentSummaryThe Korean stock market will be open to foreign investors from January 1992, a move to liberalize the stock market from it's earlier conditions of prohibiting stock trade with foreign investors with the exception of direct investment for companies and indirect investment such as country funds, earning securities and the issue of foreign securities for Korean companies. When foreign capital flows into the domestic market, the stock market will be active and domestic companies will increase direct capital fundraising activities such as the issuance of new stock. Such direct finance results in a drop in interest rate and the burden of capital costs. Thus, a stock market with a consolidated role is essential to the Korean economy.
However, it is worried that the inflow of capital will lead to a price increase due to inflation and speculative capital. The unresolved problems of transferring state and corporate shares hold the key to the further development of Korea's stock market.
This paper analyzes the effects of opening Korea's stock market then discusses countermeasures to cope with foreign investment. -
Analysis of the Relationship between Foreign Direct Investment and Productivity
In-Bom Choi et al. Date 1991.10.01
Productivity, Foreign Direct Investment -
Reform of the Industrial System and Foreign Direct Investment Environment
This paper emphasizes that Foreign Direct Investment and Korea's overseas direct investment is now more important than ever and plays an important role in the process of economic development and foreign economic exchange.In spite ..
Nam Doo Kim Date 1991.09.30
Overseas Direct InvestmentDownloadContentSummaryThis paper emphasizes that Foreign Direct Investment and Korea's overseas direct investment is now more important than ever and plays an important role in the process of economic development and foreign economic exchange.
In spite of a foreign outflow of investment capital and losing substance of domestic industry, direct investment abroad had been a useful tool in stimulating g growth and enhancing the competitiveness of businesses and the national economy.
Given that advanced nations will be increasingly protective of their technology, direct investment abroad will be helpful of recurrence of import barrier and technology transfer from advanced nations.
FDI is also ultimately indispensable for industrial development and contributes to industrial growth in capital and technology-oriented businesses, industrializing the economic structure and strengthening its international competitiveness.