Economic Integration in the Americas and Implications for Korea Won-Ho Kim, Soo-yong Kim, Mi-kyung Yun, Kyung-Hee Lee

In the Americas, there are several subregional trade arrangements protecting trade interests of their member countries and promoting investment and development in their subregions: Central American Common Market, Andean Group, Caribbean Community, Southern Corn Common Market(MERCOSUR) and North American Free Trade Agreement(NAFTA). Many blocs still remain short of complete customs union despite their names, but NAFTA and MERCOSUR among others are highly significant in the region, having led the continental integration with their economic sizes, solidarity, and institutional advancement.

Since December 1994, when 34 countries in the Americas agreed to create a Americas Free Trade Area(FTAA) by 2005, the possible impact of this on Korea's trade with the region has been discussed. This study finds little tangible evidence of trade diversion so far. This is probably because the share of trade with Latin America in Korea's total trade volume is relatively small, with inter-regional trade still being quite limited.

When the FTAA comes to be realized, however, and as Korea's trade with Latin America as well as with the United States and Canada grow, it will have a much greater impact on Korea. FTAA will become a much more powerful block than NAFTA, mostly because it is an integration scheme among developed countries, newly industrialized countries, and the underdeveloped nations, giving rise to great synergy effect, rarely seen in any other regional economic integration to date. Korea should be prepared for such a change in her trade environment, and be prepared before it is too late. Korean firms should broaden her production base in countries such as Brazil with large market size, and target Mexico in the North and Chile in the South as stable and strategic production bases.

Moreover, it is imperative for the Korean government to have a clear position with respect to its policy towards economic integration in the Americas. Since Korea has been supporting open regional integration through the APEC, Korea should strongly argue against any discriminatory actions in the case of the American regional integration as well. Further, Korea could suggest mutual participation among regional integration bodies as a way of monitoring discriminatory actions. In addition, direct policy response (ie, other than legal action through the WTO or mobilizing cooperation from other nations having similar interests as Korea with respect to economic integration in the Americas) such as seeking to establish a countervailing regional block or signing free trade agreements with countries in the Americas should also be seriously considered.

서언
국문요약

Ⅰ. 序 論 金元鎬

Ⅱ. 美洲經濟統合의 現況과 展望 金元鎬/李景姬
1. 美洲地域 經濟統合의 배경
2. 美洲 經濟統合體의 現況
3. 美洲自由貿易地帶(FTAA)의 推進現況
4. 美洲地域 經濟統合의 展望

Ⅲ. 美洲 經濟統合이 域內産業에 미치는 影響: 自動車産業의 事例 尹美京
1. 經濟統合의 效果
2. 自動車産業에 대한 産業部門 協定
3. 地域經濟統合 締結 이후 自動車産業에서의 변화
4. 美洲經濟統合下에서의 향후 自動車産業의 전망

Ⅳ. 美洲 經濟統合의 世界經濟 및 韓國에 대한 영향 金秀勇
1. 中南美 地域主義의 특징
2. 中南美 國家들의 對外貿易
3. 中南美 國家들의 地域內 貿易性向
4. 韓-中南美間 貿易의 특징
5. 美洲 經濟統合의 영향

Ⅴ. 結論: 韓國의 對應課題 金元鎬

參考文獻