Policy Analyses
Publications
Policy Analyses
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Russia's WTO Accession in the Perspective of Korea-Russia Economic Relations
The Russian government is trying to enter the WTO by enhancing its international competitiveness and gaining pace in participating in the superpower circle. Russia applied for membership in the General Agreement on Tariff and Trad..
Jae Young Lee et al. Date 2007.12.30
trade policy, overseas direct investmentDownloadContentSummaryThe Russian government is trying to enter the WTO by enhancing its international competitiveness and gaining pace in participating in the superpower circle. Russia applied for membership in the General Agreement on Tariff and Trade (GATT) in 1993, and since then it has undertaken various institutional reforms. Russia's WTO accession is expected to provide many economic benefits in mid- and long-term perspectives: trade facilitation, enhancement of industrial competitiveness, industrial diversification, growth in consumers' welfare, and so on. By signing the bilateral agreement with the United States in 2006, Russia became close to joining the WTO. As of October 2007, Russia now has to complete bilateral talks with Georgia and Saudi Arabia, and is expected to enter the WTO officially in 2008. Russia's accession to the WTO will lead to the changes of the trade and investment climate in Russia. Thus, this study analyzes how the changes of the trade and investment climate in Russia after Russia's accession to the WTO will influence Korea-Russia economic relations, and suggests appropriate Korea's trade and investment policies. (The rest is omitted.)< -
Main FTA Issuess in Electronic Commerce and Korea's Strategy
The importance of electronic commerce based on the emergence of the Internet as a global distribution platform for digital products has become evident. In accordance with changes like this, the WTO has discussed the possibility of..
Chang-In Yoon Date 2007.12.30
economic relations, trade policyDownloadContentSummaryThe importance of electronic commerce based on the emergence of the Internet as a global distribution platform for digital products has become evident. In accordance with changes like this, the WTO has discussed the possibility of free trade of digitally delivered content products since the end of 1990s. The multilateral trade talks at the WTO for a predictable and liberal trade regime for digital products, however, has not brought any conclusive results for the various issues such as the exemption of tariffs on electronic transmission, customs valuation of and market access commitments for digital content, and application of trade rules for electronic commerce. (The rest is omitted.)< -
Strategies for Korea's Financial and Logistical Hub by Comparing with China
The purpose of this study is to evaluate the business-hub (finance & distribution hub) policy of the Korean government, which has been in place for the last five years. In this study, the performance and competitiveness of Kor..
Hyung-Gon Jeong et al. Date 2007.12.30
economic development, industrial policyDownloadContentSummaryThe purpose of this study is to evaluate the business-hub (finance & distribution hub) policy of the Korean government, which has been in place for the last five years. In this study, the performance and competitiveness of Korea's status as a hub have been compared to those of Beijing-Tianjin (Binhai New Area) and Shanghai of China, which are rival areas of Korea. At the end of this study, the future direction of hub policy for Korea is suggested. (The rest is omitted.)< -
EU's Common Commercial Policy and International Commercial Relations
The EU has exclusive competence to pursue common commercial policy on behalf of its member countries as it does for common monetary policy and common agricultural policy. The foundation of the common commercial policy is fact that..
Cae-One KIM Date 2007.12.30
economic cooperation, trade policyDownloadContentSummaryThe EU has exclusive competence to pursue common commercial policy on behalf of its member countries as it does for common monetary policy and common agricultural policy. The foundation of the common commercial policy is fact that the EU is based on supranational economic integration. In concrete terms, the common commercial policy constitutes a part of economic integration that prescribes that products imported from extra-EU region to intra-EU region through the due course have right to receive equal treatment as produced in a member country. Since the EU has independent authority to pursue commercial policy, there has constantly been serious debate on distribution between the community and its member states. This is because the more the scope of common commercial policy is extended, the more the economic sovereignty of member states becomes constrained. In the initial stage, the EU's competence was limited to trade of goods. After the Uruguay Round, however, it has come to include intellectual property rights and the service sector. (The rest is omitted.)< -
Characteristics of the Trade between Korea and China and its Implications for a Korea-China FTA
Most of the existing research adopted the computable general equilibrium(CGE) model to estimate the economic effects of a Korea-China FTA. The findings of these research generally show that the effects of an FTA on Korea's GDP wil..
Pyoun Seob Yang et al. Date 2007.12.30
economic integration, trade policyDownloadContentSummaryMost of the existing research adopted the computable general equilibrium(CGE) model to estimate the economic effects of a Korea-China FTA. The findings of these research generally show that the effects of an FTA on Korea's GDP will be much greater than China's, and Korea's trade surplus with China will expand in the manufacturing sector. (The rest is omitted.)< -
Analysis on Export Competitiveness Pattern of High Technology Items of China, Japan and Korea
This paper studies the recent international trade trends of high-technology products, the foreign and intra-trade of high-technology products of Korea, China and Japan, and analyzes the international competitiveness patterns of th..
Hokyung Bang Date 2007.12.30
trade structure, industrial policyDownloadContentSummaryThis paper studies the recent international trade trends of high-technology products, the foreign and intra-trade of high-technology products of Korea, China and Japan, and analyzes the international competitiveness patterns of the three countries. High-technology products were categorized based on the Harmonized Commodity Description and Coding System(HS Code) of the U.S. Census Bureau.<
High-technology products show a rapid increase in world trade compared to other products and China has risen as a major trade country in the world high-technology trade market. (The rest is omitted.) -
The effectiveness of foreign capital regulation in Korea as a defensive mechanism of hostile M&A
Recently in the Korean society, there has been an active expansion of discussion on the issue of hostile M&As. In Korea, the issue that is of most concern is the M&A of domestic enterprises by foreign capital. The purpose ..
Yeongkwan Song et al. Date 2007.12.30
barrier to trade, foreign direct investmentDownloadContentSummaryRecently in the Korean society, there has been an active expansion of discussion on the issue of hostile M&As. In Korea, the issue that is of most concern is the M&A of domestic enterprises by foreign capital. The purpose of the study is to estimate the effectiveness of foreign capital regulation in Korea as a defensive mechanism of hostile M&A. Hostile M&A, started in 1994 and have been open to foreigners since February 1998, when most of the regulations for foreigners were relaxed. This study shows that Korean regulations for foreign capital are effective in terms of deterring foreign hostile M&A. (The rest is omitted.)< -
Whither Korea's Foreign Aid?: Hints from its Predecessors
Lately more and more experts say that Korea needs to make out itsown uniqueness in international aid activity soon. However, the study on what should be concretely 'Korean Model of foreign aid' has seldom been done, contrasting wi..
Bokyeong Park Date 2007.12.30
economic development, economic cooperationDownloadContentSummaryLately more and more experts say that Korea needs to make out itsown uniqueness in international aid activity soon. However, the study on what should be concretely 'Korean Model of foreign aid' has seldom been done, contrasting with a great deal of discussion on its necessity. The purpose of this study is to compare the foreign aids of the advanced donor countries and classify them into a few categories according to their features. Furthermore, it is addressed what determines the feature of foreign aid of each country. Based on the analysis, the direction where Korea's foreign aid should go is suggested. (The rest is omitted.)< -
A Politico-economic Approach to Northeast Asian Regional Cooperation: Search for a New model and orea's Strategies
The purpose of this research is to present a new model of Northeast Asian regional integration from the political economy approach considering political security factor, social and cultural factor, and economic factor together. Th..
Hyungdo Ahn et al. Date 2007.12.30
economic integrationDownloadContentSummaryThe purpose of this research is to present a new model of Northeast Asian regional integration from the political economy approach considering political security factor, social and cultural factor, and economic factor together. This approach is based on the recognition that regional integration may not be solely explained by the economic factor. (The rest is omitted.)< -
Korea-New Zealand Trade Strategy
Located in the South Pacific, New Zealand's population is four million, but its per capita income is more than US$26,000, and it is well known for its competitiveness in the areas of high technology and agricultural. Due to its ge..
Hansung Kim et al. Date 2007.12.30
economic relations, trade policyDownloadContentSummaryLocated in the South Pacific, New Zealand's population is four million, but its per capita income is more than US$26,000, and it is well known for its competitiveness in the areas of high technology and agricultural. Due to its geographical constraint of being isolated from the main global trade locations and small population, however, it is not an attractive export market for Korea. (The rest is omitted.)<
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