Policy Analyses
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Policy Analyses
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Present Status and Prospects for the DDA Negotiations: Preparing for the Hong Kong Ministerial Conference
The DDA (Doha Development Agenda) negotiations, the 9th Multilateral trade round, has focused on nine sectors including agriculture, non-agricultural market access, and services. The DDA, which has been deadlocked since failure in..
Moonsung Kang et al. Date 2005.12.30
economic opening, multilateral negotiationsDownloadContentSummaryThe DDA (Doha Development Agenda) negotiations, the 9th Multilateral trade round, has focused on nine sectors including agriculture, non-agricultural market access, and services. The DDA, which has been deadlocked since failure in Cancun, recovered its momentum when the July Package was adopted in August 2004. Since then, member countries have intensified negotiations in order to reduce gaps between countries' perspective. Although most attention has been focused on farm trade, non-agricultural market access, and services, the negotiators have been at loggerheads over how to free agricultural trade, and have made little progress on the liberalization of services and industrial goods.On December 13, the world's trade ministers gathered in Hong Kong to advance the DDA negotiations. Although progress in Hong Kong will not be easy, Korea, heavily dependent upon foreign trade, must closely observe the ministerial conference in Hong Kong and prepare for the future developments of the Doha round. (The rest is omitted.)< -
Building a Strategic Partnership between Korea and Mexico for the 21st Century: Vision and Agenda for Cooperation
1. We strongly believe that our two countries should strive for a long-term strategic partnership of a comprehensive nature. In spite of many obvious differences, there are strong similarities between the two, economically and pol..
The Korea-Mexico 21st Century Commission Date 2005.12.30
economic cooperation, free tradeDownloadContentINTRODUCTION
RECOMMENDATIONS
Vision and Agenda for Cooperation
I. Towards a Comprehensive Strategic Partnership
II. Common Challenges of the New Century
III. Vision of a Strategic Partnership
IV. Current Status of Korea-Mexico Relations
V. Agenda for Cooperation: Strategic Partnership Initiatives
APPENDIX. BACKGROUND STUDIES
Korea-Mexico Relations: Current Status and Opportunities for Cooperation
I. National Aspirations and Institutional Cooperation
1. Exploring Common Objectives of Political Cooperation
2. Challenges for Korea and Mexico
3. Visions for Korea-Mexico Cooperation
4. Disarmament and Non-Proliferation: North Korea
5. Strengthening the Institutional Framework for Bilateral Cooperation
II. Economic Relations: Trade and Investment
1. Introduction
2. Trade
3. Investment
4. Towards a Mexican-Korean Strategic Partnership
III. Opportunities for Industrial Cooperation
1. The Need of an Advanced Industrial Structure
2. The Opportunities in Complementarities
3. New Areas for Cooperation
4. A New Institutional Framework
IV. Cultural Exchange as a Foundation for Partnership
1. New Ways for Cultural Cooperation
2. Historical Overview of the Bilateral Cultural Exchange Program
3. Cultural Cooperation Program 2000-2002
4. Cultural and Educational Cooperation Program for 2003-2006Summary1. We strongly believe that our two countries should strive for a long-term strategic partnership of a comprehensive nature. In spite of many obvious differences, there are strong similarities between the two, economically and politically, that offer a strong foundation for mutually beneficial multidimensional partnership between the two. Our two countries are similar to each other in terms of the size of the economy as well the weight in international trade. Both are emergent middle powers internationally, located in the most dynamic region of the world, the Asia-Pacific region. Both aspire to continue to pursue trade-led economic development. Both face several common challenges. And now in broadly comparable stages of development, both economically and politically, the two share the same ultimate goal of achieving national advancement as fully developed democratic countries. The two share a common vision of the world that would bring peace, security and development to all peoples through strong multilateral cooperation. When combined, these similarities create synergies and room for learning from each other. They form the basis for doubling the effectiveness of individual actions toward common goals when the two countries join forces in these actions. They also make room for strong self-interest on the part of each in forming partnership with the other. But the benefit from cooperation can be reaped to its full potential only when the two countries enter into a long-term and comprehensive strategic partnership with each other. (The rest is omitted.)< -
An Introduction of Korea-EFTA FTA
This book introduces major contents of the Korea-EFTA FTA, signed by the representatives of both governments in 15 December 2005. The FTA is expected to be one of the FTAs which can maximize the positive impacts of FTA with the de..
Date 2005.12.30
economic integrationDownloadContentSummaryThis book introduces major contents of the Korea-EFTA FTA, signed by the representatives of both governments in 15 December 2005. The FTA is expected to be one of the FTAs which can maximize the positive impacts of FTA with the developed countries. It is also anticipated to increase mutual benefits from complementary industrial structures of the partners. Korea would have more chances to provide its products to the markets of EFTA and Korea's industries will get balanced development through increased competitiveness in agriculture, services and so on.<
This book gives precise and easy explanations on the Agreements on Korea-EFTA FTA including major contents of concession, introduction of the EFTA countries and economic relations between Korea and the EFTA countries. -
Development of China's Firms and Industries -The Impacts on Korea
As the bilateral economic relations between Korea and China are deepening, China becomes one of the most important factors, which has major influences on the future of Korean economy. Those influences are divided by three categori..
Mansoo Jee et al. Date 2005.12.30
economic development, industrial policyDownloadContentSummaryAs the bilateral economic relations between Korea and China are deepening, China becomes one of the most important factors, which has major influences on the future of Korean economy. Those influences are divided by three categories, the opportunities, the threats, and the risks. (The rest is omitted.)< -
New Aspects of Globalization and Its Challenge to the World Economy
Date 2005.12.30
financial liberalization -
The Illusive Quest for an Asian Common Currency: Economic Mirage or Realpolitik?
The Asian Financial crisis underscored the folly of running fixed exchange rates, with an independent monetary policy, open capital accounts and volatile capital flows. Interest in an Asian Common Currency is growing, but the need..
James H. Chan-Lee Date 2005.12.30
financial integrationDownloadContentExecutive Summary
I. Introduction
II. Post-Crisis Asia in Perspective
1. Systemic risk has been controlled
2. How relevant is the Euro to Asia
III. The Political Economy of a Common Currency
1. The Fund does not have the resources to help Asia in a crisis
2. The Economic case for an ACC
IV. Framing an Interim Strategy
1. Pragmatic first steps
2. Risk based sequencing
V. Summary and Conclusions
References
SummaryThe Asian Financial crisis underscored the folly of running fixed exchange rates, with an independent monetary policy, open capital accounts and volatile capital flows. Interest in an Asian Common Currency is growing, but the needed political commitment, institutions and market-based financial systems are absent. This paper benchmarks the quality of institutions and financial systems to assess the enigmatic roles of the Renminbi and Yen. A prioritized policy-matrix focused on building institutions and robust banking systems are outlined. Accelerated trade liberalization, economic co-operation and political integration are crucial before a joint float or a common currency can be envisaged realistically.< -
The Development of Three Chiness Northeast Provinces and New Conceive of Sino-Korea Economic Cooperation
The fourth generation of Chinese leadership - since coming to the power in March 2003-has clearly stated that they have been interested in the transform-adjustment and development of the three Chinese northeastern provinces - tryi..
Reu Ming Date 2005.12.30
economic development, industrial structureDownloadContentSummaryThe fourth generation of Chinese leadership - since coming to the power in March 2003-has clearly stated that they have been interested in the transform-adjustment and development of the three Chinese northeastern provinces - trying to become them into the fourth growing point of economic increasing. On hearing this news, not only the people of Chinese northeastern provinces feel delighted, but also the South Korean people, who are neighbour of Chinese northeastern provinces, think it is a good opportunity and challenge. (The rest is omitted.)< -
An East Asian Single Market? Lessons from the European Union
Regional economic integration has been one of the most significant developments in the global political economy in the last twenty years. However, East Asia is an exception where institutionalized economic integration has progres..
Simon Hix et al. Date 2005.12.30
economic integrationDownloadContentExecutive Summary
I. Introduction
II. How to Construct a Suprantional Single Market
1. Two Methods: Harmonization and Mutual Recognition
2. The Result: A Mix of Deregulation and Reregulation
3. The Normative Theory of Regulation: Delegation to Independent Regulators
4. The Positive Theory of Regulation: Institutional Design to Limit Policy
Drift
III. The European Union Model
1. Why a Single Market in the 1980s?
2. Institutional Design: Credible, Efficient, and Legitimate
3. Functioning of the EU Institutions
IV. A Possible East Asian Single Market
1. Basic Assumptions: Preference Convergence, Democracy, and Trade Interation
2. Possible Members and Some Justifications
3. Institutional Design of an East Asian Single Market Organization
4. Against 'ASEAN Principles?'
V. Conclusion
ReferencesSummaryRegional economic integration has been one of the most significant developments in the global political economy in the last twenty years. However, East Asia is an exception where institutionalized economic integration has progressed slowly. (The rest is omitted.)< -
A Metaanalysis on Northeast Asian Economic Integration
This book is composed of five economic papers that address both methodological and analytical issues in measuring the effects of economic integration in Northeast Asia. First, we identify the stylized features of economic integrat..
Byeong-Hae Sohn et al. Date 2005.12.30
economic integration, overseas direct investmentDownloadContent1. Conditions for Creating the Northeast Asian Economic Community
2. The Development of Intra-industry among Korea, Japan and China and
Northeast Asian economic Integration
3. Trade Structure among Korea, Japan and China and implications for the
effects of trilateral FTAs
4. Industrial Interdependence and Northeast Asian Economic Integration: with a
special emphasis on FDI
5. Northeast Asian Cultural Cooperation: implications from the experience of EU
SummaryThis book is composed of five economic papers that address both methodological and analytical issues in measuring the effects of economic integration in Northeast Asia. First, we identify the stylized features of economic integration. Second, we apply them to different models for regional integration in Northeast Asia in order to explore the methodological robustness of those models and discuss the effects of economic regional integration. (The rest is omitted.)< -
Strategies for promoting exports of companies in Gaeseong Industrial Complex
The Gaeseong Industrial Complex project commenced on August 22, 2000 when Hyundai Asan and the North's Asia-Pacific Committee and the National Economic Cooperation Federation signed an agreement on the development. The two Koreas ..
Myung-Chul Cho et al. Date 2005.12.30
North Korean economyDownloadContentSummaryThe Gaeseong Industrial Complex project commenced on August 22, 2000 when Hyundai Asan and the North's Asia-Pacific Committee and the National Economic Cooperation Federation signed an agreement on the development. The two Koreas have adopted agreements on customs, communications and quarantine relevant to the Gaeseong Industrial Complex. (The rest is omitted.)<
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