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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. -
Reform of the Industrial System and Foreign Direct Investment Environment
This research assesses reform of the industrial system in Poland to provide a current view and various implications of the business climate of Foreign Direct Investment in transforming Poland. Assessing the status of reform of the..
Yoo Soo Hong Date 1991.09.20
Economic cooperation, Trade policyDownloadContentSummaryThis research assesses reform of the industrial system in Poland to provide a current view and various implications of the business climate of Foreign Direct Investment in transforming Poland. Assessing the status of reform of the industrial system in Poland will also enable us to understand the challenges and policy tasks countries in the region are facing.
The rest of the paper is organized as follows. Section II assesses the performance and task of Poland's economic reform. Section III empirically analyzes the reform of corporate' taxation, finance system and industrial structure. Section IV examines the privatization process of state enterprise since 1990. Section V looks into the current status of FDI in order to attract foreign capital. The strategy for FDI is proposed. Executive summary and concluding remarks are found in the final section. -
The Urguay Round : Unresolved Issues and Prospects
The Korea Institute for International Economic Policy (KIEP) organized the international seminar on 'the Uruguay Round: Unresolved issues and Prospects' on March 28-29, 1991. With the participation of many distinguished scholars a..
Tae Ho Bark et al. Date 1991.09.02
Multilateral negotiations, Trade policyDownloadContentSummaryThe Korea Institute for International Economic Policy (KIEP) organized the international seminar on 'the Uruguay Round: Unresolved issues and Prospects' on March 28-29, 1991. With the participation of many distinguished scholars and experts who are directly or indirectly involved in the negotiation process, we hope that this seminar offered an excellent opportunity for frank and direct discussions which eventually will develop a consensus on major unresolved issues. -
Taiwan and Japan's Financial Liberalization and Its Policy Implications
Jang-Yung Lee Date 1991.09.01
Financial liberalization, Financial policy -
Industrial Policies and Industrial Restructuring of Korea, Taiwan and Japan
By comparing industrial policies and industrial restructuring of Taiwan and Japan, as the major competitors of Korea, this study suggests the ultimate direction and political measures for the Korean government's future industrial ..
Jai Won Ryou Date 1991.09.01
Industrial structure, Industrial policyDownloadContentSummaryBy comparing industrial policies and industrial restructuring of Taiwan and Japan, as the major competitors of Korea, this study suggests the ultimate direction and political measures for the Korean government's future industrial strategy.
This paper is organized as follows: Section II reviews the background of industrial restructuring as well as the recent trends of Asian newly industrialized economies. Section III illustrates the evolution of industrial restructuring, focusing on changes in industrial policies of Korea, Taiwan and Japan. The efficiency and international competitiveness of industrial restructuring are explored in Section IV by comparing the manufacturing sectors in the three countries. Finally, policy implications and directions are provided in Section V. -
Financial Services Negotiations of the UR and Policies to Engance the Competitiveness of the Korean Securities Market
This paper aims to discuss the strategies needed to enhance the competitiveness of the Korean Securities Market in accordance with the liberalization of financial service. Section II explains the current status of the changes in t..
Tae Joon Kim Date 1991.08.30
Multilateral negotiations, Capital marketDownloadContentSummaryThis paper aims to discuss the strategies needed to enhance the competitiveness of the Korean Securities Market in accordance with the liberalization of financial service. Section II explains the current status of the changes in the internal and external financial environment. Section III introduces the issues in disputes in the UR financial service negotiations. Section IV empirically analyzes the deterministic factors of the competitiveness of the Korean securities market by conducting empirical tests for selected countries such as the U.S. and Japan. Based on these analyses, policy implications for strengthening the competitiveness of the Korean securities market and a summary are provided in Section V. -
GDR's Price System and Transformation to a Market Economic System
This paper analyzes the process of transformation of the industrial structure to a market economic system and the German Democratic Republic's pricing system. The analyses of this price system will be very helpful in understanding..
Jin Young Bae Date 1991.08.23
DownloadContentSummaryThis paper analyzes the process of transformation of the industrial structure to a market economic system and the German Democratic Republic's pricing system. The analyses of this price system will be very helpful in understanding the changes in the industrial structure in the process of German unification. Furthermore, it will furnish relevant insights for the economic integration of the two Koreas.
The contents of this paper are organized as follows. Section B summarizes the German Democratic Republic's price system. Section C reviews the process of the transformation of the industrial structure to a market economic system. Policy implications for economic integration on the Korean peninsula and a summary are given in Section D. -
Comparative Analysis of the Productivity in the Service Industry
The service sector is gaining importance in the Korean economy, with its share of production and employment increasing 47.0 percent and 42.9 percent in 1989, respectively. As the Korean economy has grown, developed economies, the ..
Jin Soo Yoo Date 1991.08.20
DownloadContentSummaryThe service sector is gaining importance in the Korean economy, with its share of production and employment increasing 47.0 percent and 42.9 percent in 1989, respectively. As the Korean economy has grown, developed economies, the U.S. in particular, have strengthened regulations against imports to protect their the commodity market, urging for the overall liberalization of trade in finance, insurance, communications, distributions and business services. The liberalization of trade in services may result in improved productivity in other sectors, including manufacturing, due to the resulting access to a broader variety, better quality and lower input costs. Thus, the liberalization of services can bring potential gains in productivity in the service sector.
The study makes a comparative analysis of the productivity in the service industry and gives implications for the liberalization of trade in services. -
Studies on Korea's Safeguard System
In order to respond to the trend in fair trade and market liberalization for developed economies, Korea has recently pursued for import liberalization policy in earnest for the transition to open economy system. Since 1990, the Ur..
Wook Chae Date 1991.08.01
Trade policyDownloadContentSummaryIn order to respond to the trend in fair trade and market liberalization for developed economies, Korea has recently pursued for import liberalization policy in earnest for the transition to open economy system. Since 1990, the Uruguay Round Agreement and Korea's OECD entry have accelerated market liberalization.
Korea maintained protective measures such as import quotas due to an adverse balance of international payments. However, since the IMF entry of 1998, Korea has tried to change a preliminary import management system to an advanced model post-import management system.
The rest of the paper is organized as follows. Section II outlines the definition, history and structure of safeguard system. Section III discusses the problem of law interpretation and application, examining the gray zone measures and recent status of Uruguay Round safeguard agreement. Section IV looks into safeguard system and measures of selected countries. Section V discusses the problem and ways for improvement of Korea's safeguard system, suggesting associated organizations, foreign trade law and flexible tariff system. Finally, several desirable strategies and policy implications or Korea's safeguard system are proposed in Section VI. -
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