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Policy Analyses

Publications

  • 원화국제화 추진에 따른 장단점 비교와 정책적 시사점
    Internationalization of Korean Won and its Implications on Korean Economy

    As the Korean economy grows in size and importance, in particular, in the international trading of physical products as well as financial instruments, the argument of the internationalization of Korean Won is being raised more oft..

    Wonho Song et al. Date 2007.12.30

    financial policy, monetary policy
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    Summary
    As the Korean economy grows in size and importance, in particular, in the international trading of physical products as well as financial instruments, the argument of the internationalization of Korean Won is being raised more often than before. Moreover, the Korean government recently issued a medium and long-term plan for upgrading foreign exchange system of Korea and it contains as part the internationalization of Korean Won to complete Korea's continual efforts to liberalize foreign exchange market. The rules and regulations involving the internationalization of Korean Won is the last remaining regulations and they will be removed or deregulated as the economy becomes more open. (The rest is omitted.)
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  • 한국의 주요국별ㆍ지역별 중장기 통상전략: 아프리카
    Korea's Mid- to Long-Term Economic Strategy for Africa

    Africa should be recognized as a new cooperation partner for the 21st century, no longer as a 'continent in crisis.' African countries still remain an underdeveloped niche in the global market, and we need to pay attention to thei..

    Young Ho Park et al. Date 2007.12.30

    economic development, economic relations
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    Summary
    Africa should be recognized as a new cooperation partner for the 21st century, no longer as a 'continent in crisis.' African countries still remain an underdeveloped niche in the global market, and we need to pay attention to their massive potential. Our neighboring countries, such as Japan and China, have been attracted to Africa's potential value and have made efforts to develop Africa by supporting official development assistance (ODA) and various cooperative channels. Africa's strategic value for Korea is listed below. (The rest is omitted.)
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  • 한국의 주요국별ㆍ지역별 중장기 통상전략: 중동
    Korea's Mid- to Long-Term Economic Strategy for the Middle East

    While the international price of oil has been continuously skyrocketing for several recent years, the all-time highs for oil prices will possibly continue in the middle and long terms. After the arrival of newly high oil prices, i..

    Bokyeong Park et al. Date 2007.12.30

    economic relations, economic cooperation
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    While the international price of oil has been continuously skyrocketing for several recent years, the all-time highs for oil prices will possibly continue in the middle and long terms. After the arrival of newly high oil prices, immense oil money has poured into the Middle East. With the revival of the Middle Eastern economy based on the oil money, this region has become a cynosure of global economies. This study begins with a comprehensive analysis of the economic trends in the Gulf region and aims to suggest the direction of mid -and long- term trade policy toward the Middle East. In particular, this study analyzes the economic development strategies and economic outlook of the Gulf Cooperation Council (GCC) countries; the positions and policies of foreign economic cooperation of these countries; and the world's major economies' cooperative policies with the Gulf region. Finally, this report suggests mid - and long- term trade policy strategies for Korea toward the Gulf region. (The rest is omitted.)
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  • 한국의 주요국별ㆍ지역별 중장기 통상전략: 인도
    Korea's Mid- to Long-Term Economic Strategy for India

    The Indian government, after its independence in 1947, pursued a closed economic development strategy. The policy brought about inefficient resource allocation and low productivity in its economy and, as a result, the Indian econo..

    Soon Cheul Lee et al. Date 2007.12.30

    economic cooperation, trade policy
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    The Indian government, after its independence in 1947, pursued a closed economic development strategy. The policy brought about inefficient resource allocation and low productivity in its economy and, as a result, the Indian economy was trapped in the so called 'Hindu growth rate' of 3 5%. This trend changed dramatically after the Indian government adopted an open and reformative economic policy in 1991. From 1991 to 2002, the Indian economy experienced over 6% growth and expanded further after 2003 at more than 8% growth rate per year. (The rest is omitted.)
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  • 글로벌 아웃소싱 확대에 따른 한국의 과제와 대응
    Global Outsourcing: Challenge and Response of Korea

    This report aims to draw policy implications from the analysis of the determinants and outcome of global outsourcing carried out by Korean firms. (The rest is omitted.)

    Hea-Jung Hyun et al. Date 2007.12.30

    business management, overseas direct investment
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    This report aims to draw policy implications from the analysis of the determinants and outcome of global outsourcing carried out by Korean firms. (The rest is omitted.)
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  • 한국의 주요국별ㆍ지역별 중장기 통상전략: 대양주
    Korea's Mid- to Long-Term Economic Strategy for Oceania

    Oceania is comprised of numerous lands, mostly islands in the Pacific Ocean such as Cook Island, Fiji, and French Polynesia, and includes Australia and New Zealand, the two developed nations in the region. Although these countries..

    Hansung Kim et al. Date 2007.12.30

    economic relations, trade policy
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    Summary
    Oceania is comprised of numerous lands, mostly islands in the Pacific Ocean such as Cook Island, Fiji, and French Polynesia, and includes Australia and New Zealand, the two developed nations in the region. Although these countries are classified as Oceania, there is immense diversity in political, economic, social, diplomatic, and historical aspects among these nations. (The rest is omitted.)
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  • 한국의 주요국별ㆍ지역별 중장기 통상전략: ASEAN
    Korea's Mid- to Long-Term Economic Strategy for the ASEAN

    Since the Asian Financial Crisis, ASEAN has kept accelerating the regional integration process to achieve a single production base to cope with economic crises, and it's still attempting various measures such as AFTA, AIA, AICO, i..

    Yul Kwon et al. Date 2007.12.30

    economic relations, trade policy
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    Since the Asian Financial Crisis, ASEAN has kept accelerating the regional integration process to achieve a single production base to cope with economic crises, and it's still attempting various measures such as AFTA, AIA, AICO, intellectual property protections, and other plans to magnify the benefits of market integration. With a total population of 574 million and a combined GDP of almost US$1 trillion, ASEAN gets more attention as a major emerging market with its rapid growth, and its strategic value shows rapid growth as a group of post-BRIC economies. (The rest is omitted.)
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  • 한국의 주요국별ㆍ지역별 중장기 통상전략: 일본
    Korea's Mid- to Long-Term Economic Strategy for Japan

    Korea was a priority trading partner of Japan till early 2000s, but its status was lost when FTA negotiations between the two countries reached a deadlock. Japan also was an important entity for Korea during the same period, but h..

    Sung Chun Jung et al. Date 2007.12.30

    economic cooperation, trade policy
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    Summary
    Korea was a priority trading partner of Japan till early 2000s, but its status was lost when FTA negotiations between the two countries reached a deadlock. Japan also was an important entity for Korea during the same period, but has recently been treated as less weighty than the US, the EU, China, or others. (The rest is omitted.)
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  • DDA 협상의 전개과정과 다자통상체제에 대한 시사점
    The Doha Round and Beyond: Korea's Perspectives on the Multilateral Trading System

    When the current multilateral trade negotiation was launched in Doha, Qatar in 2001, it was officially named the 'Doha Development Agenda (DDA),' indicating the priority of helping developing countries gain more from trade liberal..

    Jin Kyo Suh et al. Date 2007.12.30

    multilateral negotiations
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    When the current multilateral trade negotiation was launched in Doha, Qatar in 2001, it was officially named the 'Doha Development Agenda (DDA),' indicating the priority of helping developing countries gain more from trade liberalization. The development agenda reflected the reality that developing countries now constitute the majority in the World Trade Organization and therefore, can determine whether new trade rules are adopted or not. Many developing countries believe that previous rounds of global trade talks created rules that primarily benefited the high-income industrialized countries that dominated global trade. A re-balancing was needed to provide opportunities for all countries and to take into account the special vulnerabilities of poorer countries. (The rest is omitted.)
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  • 한국의 주요국별ㆍ지역별 중장기 통상전략 :중화권
    Korea's Mid- to Long-Term Economic Strategy for the Greater China

    Since entering into the WTO, China has turned its protective foreign-trade policies into more engaging ones, as it is expected to reach a responsible attitude corresponding to its higher position in the global economy. Moreover, t..

    Pyeong Seob Yang et al. Date 2007.12.30

    economic integration, economic cooperation
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    Since entering into the WTO, China has turned its protective foreign-trade policies into more engaging ones, as it is expected to reach a responsible attitude corresponding to its higher position in the global economy. Moreover, the economic relations between the People's Republic of China, Hong Kong Special Administration Region, and Taiwan have accelerated the formulation of the greater Chinese economic sphere. These changes urge us to tackle a paradigm shift in the strategic trade policies toward a greater China. (The rest is omitted.)
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