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Proceedings
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China's Banking Reform under Sustained Growth
Nicholas R. Lardy Date 1997.12.30
Economic reform, Financial policyDownloadContentContents
I. Presentation : China's Banking Reform under Sustained Growth
II. Supplementary Comments
국문 요약
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ASEAN : 30 Years of Existence and Challenges Ahead
Chia Siow Yue Date 1997.12.30
Economic cooperation, Political economyDownloadContentContents
I. Introduction
II. ASEAN Economies
III. ASEAN Political-Security Cooperation
IV. ASEAN Economic Cooperation
V. Expansion of ASEAN Membership
VI. External Linkages
VII. Conclusion
Bibliography
국문 요약
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Asia and Latin America : A New Partnership
Omar Martinez Legorreta Date 1997.12.30
Economic cooperation -
Benefits and Costs of Agricultural Liberalisation in Korea
David P.Vincent et al. Date 1997.12.30
Agricultural policy, Free tradeDownloadContentContents
Summary
1. Introduction
2. Korea's Agricultural Protection Regime
3. Influences for reform
4. Measuring the effects on the Korean economy of Korea's agricultural protection
5. Effects on Korea's trading partners
References
Appendix A : Details of Korea model
Appendix B : The version of the GTAP model used
국문 요약
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Northeast Asia's Transboundry Pollution Problems : A Pragmatic Approach (97.12)
The progress of existing institutions for Northeast Asia's transboundary pollution problems is not satisfactory so far. The question concerns which type of institutional and financial arrangement should be chosen. This study consi..
Sang-Don Lee et al. Date 1997.12.30
Environmental policyDownloadContentSummaryThe progress of existing institutions for Northeast Asia's transboundary pollution problems is not satisfactory so far. The question concerns which type of institutional and financial arrangement should be chosen. This study considers the institutional and financial arrangements for the transboundary pollution problems in Northeast Asia as the cost allocation and cost efficiency problem among the countries in the region. The cost allocation problem refers to the question of who should bear the cost of emission abatement required to avoid environmental aggravation in the region. The cost efficiency problem seeks the most efficient way to mobilize financial resources while giving economic incentives to those who undertake projects. These two problems are related. However, if possible, the separation of the efficiency issue from the cost allocation issue may alleviate the bottleneck of the cooperation. Based on the estimates of transboundary transportation of pollutants in the region, an example of cost allocati
on guided by a commonsense rule, and an example of the incentive for international fincncial transfers, bilateral and regional, are provided. The result supports the superiority of a regional mechanism to a bilateral one. Existing institutions' performances are evaluated from this viewpoint. The authorss suggest more flexible and pragmatic approaches in seeking efficiency. They include the consideration of APEC as a potential ancillary forum for the issue, the use of innovative financing methods involving private sectors, and wider use of economic instruments. At the same time, the existing intregovernmental body addressing the issue should preserve its central role for the issue with a clearer and higher, but flexible mandate.
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Regional Intergration and Liberalization in the Asia-Pacific
This study examines how strongly the Asia-Pacific region is interconnected through trade and investment, and analyzes the welfare implications of regional trade and investment liberalization in the APEC process. It is shown in thi..
Jai-Won Ryou et al. Date 1997.12.30
Economic integration, Free tradeDownloadContentContents
I. Introduction
II. Issues in Regional Trade and Investment Liberalization
1. Compatibility of Regionalism and Multilateralism
2. Political Economy of RTAs
3. Desirability of Open Regionalism
III. Patterns of Trade Flows in the APEC Region
1. Trade Flow Matrix
2. Specialization Structure
3. Export Similarities
4. Services Trade
IV. Trends and Patterns of FDI Activities in the APEC Region
1. Regional FDI Flows
2. FDI by the EU, Japan and the U.S.
3. FDI and Industrial Adjustment
V. Welfare Effects of Liberalization
1. Resource Allocation Effects
2. The Pro-competitive Effect and the Scale Effect
3. Intertemporal Substitution Effects on Savings and Investment
4. Total Effects of Liberalization
5. Implications for Income Convergence
VI. Barriers to Regional Trade and Investment Liberalization
1. Assessment of Barriers
2. Trade-Restrictiveness Indexes
3. Distortionary Effects of Investment Impediments
VII. Summary and Conclusion
References
APPENDIX
국문요약
SummaryThis study examines how strongly the Asia-Pacific region is interconnected through trade and investment, and analyzes the welfare implications of regional trade and investment liberalization in the APEC process. It is shown in this study that intra-regional trade and FDI in the APEC region actually work to strengthen interdependence among its member economies. In spite of unilateral as well as multilateral liberalization efforts of the APEC member economies, however, there still exist substantial barriers to trade and investment in the region. An empirical analysis of the welfare effects of regional trade liberalization implies that Singapore, Malaysia, Chile and Korea belong to the group that would benefit greatly from liberalization. However, the overall effects of regional trade liberalization are substantially affected by the relative size of scale effects. Meanwhile, it remains uncertain whether regional liberalization in the APEC would bring about convergence of income levels of member economies. -
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Europe-East Asia Economic Relations : Current Status and Prospects
Until the 1980s, Europe-East Asia relations were eclipsed by those between East Asia and North America. However, Europe-East Asia interaction has greatly accelerated in the 1990s. As a result, the volume of trade between the two r..
Baksoo Kim Date 1997.12.30
DownloadContentSummaryUntil the 1980s, Europe-East Asia relations were eclipsed by those between East Asia and North America. However, Europe-East Asia interaction has greatly accelerated in the 1990s. As a result, the volume of trade between the two regions has come to surpass that of Europe and North America. The volume of investment between the two regions has also increased gradually. Against this background, the launching and development of ASEM signifies the beginning of serious efforts to promote closer and cooperative economic relations between Europe and East Asia.
This book is a compilation of the papers and comments from the Seminar on Europe-East Asia Economic Relations held in Seoul on October 30-31, 1997, organized by the Korea Institute for International Economic Policy (KIEP) in collaboration with the Friedrich-Ebert-Stiftung (FES) of Germany. Held right at the onset of the Korean financial crisis, this seminar reviewed Europe-East Asia economic relations in a long term perspective, focusing on opportunities for closer trade and investment between the two regions. -
A Study on China's Petrochemical Industry: Status and Prospects
A Study on China's Petrochemical Industry: Status and Prospects Ihkpyo Hong The petrochemical industry is key in that it has a great effect on other industries and plays an important role in improving industrial structure. In the..
Ihkpyo Hong Date 1997.12.30
Energy industryDownloadContentSummaryA Study on China's Petrochemical Industry: Status and Prospects Ihkpyo Hong The petrochemical industry is key in that it has a great effect on other industries and plays an important role in improving industrial structure. In the 1980s, China's petrochemical industry developed rapidly due to the country's becoming economic growth.
However, despite increased petrochemical complex and production, China's rate of self-sufficiency in petrochemical goods remains only 60%. China's petrochemical market continuously remains in short supply and depends heavily on imports. In addition, China's petrochemical industry faces serious obstacles such as small-sized ethylene factories, an unsettled free market system, disordered circulation of goods, worn-out plants and equipment, and environmental pollution. Therefore China's government plans to actively develop its petrochemical industry through the 'Ninth Five-year Plan' (1996-2000), which entails expanding production, attracting foreign capital, and drawing in advanced technology.
China is currently the largest recipient of exports and investment from Korea's petrochemical enterprises. But the future for these exports and investment into China bodes uncertainty as China's petrochemical industry increases petrochemical complex and production, ASEAN's low-cost petrochemical goods enter the Chinese market, and EU, US, and Japan's petrochemical enterprises expand investment into China. In response, Korea's government and petrochemical enterprises must devise new directions in approaching China.
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대외경제정책연구원의 본 공공저작물은 "공공누리 제4유형 : 출처표시 + 상업적 금지 + 변경금지” 조건에 따라 이용할 수 있습니다. 저작권정책 참조