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Policy Analyses

Publications

  • 유럽지역 주요 환경라벨제도 분석 및 수출에 대한 시사점
    The Analysis of Major European Eco-labels and Their Implications for Exports

    Environmental labelling may be categorized in many ways: mandatory labelling and voluntary labelling (in terms of binding degree), national environmental labelling and international labelling (in terms of scope of application), an..

    Chang-in Yoon et al. Date 2005.05.30

    trade policy, environmental policy
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    Content
    1. Introduction
    2. Eco-labels and Trade
    3. Environmental Policy in the EU
    4. Eco-labels in the EU, Germany and Nordic Countries
    5. OECD's Study about the Effect of Eco-labels
    6. Empirical Studies of the Eco-labels on Exports
    7. Implications
    Summary
    Environmental labelling may be categorized in many ways: mandatory labelling and voluntary labelling (in terms of binding degree), national environmental labelling and international labelling (in terms of scope of application), and Process and Production Methods (PPMs) labelling and Non-Process and Production Methods labelling (in terms of PPMs). For the purpose of our study, we have divided it into three categories: the government-initiated mandatory, the government-initiated voluntary and the private-initiated voluntary environmental labelling. (The rest is omitted.)
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  • 우즈베키스탄의 정치·경제현황과 경제협력 방안
    The Current Status of Uzbekistan Economy and the Economic Cooperation between Korea and Uzbekistan

    The strategic importance of Central Asia has grown significantly since the collapse of the Soviet Union and the end of the Cold War. Central Asia is no longer a peripheral part of the international arena, but instead occupies a st..

    Jae-Young Lee et al. Date 2005.05.06

    economic cooperation
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    Content
    없음
    Summary
    The strategic importance of Central Asia has grown significantly since the collapse of the Soviet Union and the end of the Cold War. Central Asia is no longer a peripheral part of the international arena, but instead occupies a strategic core of the geopolitical system. Uzbekistan, situated in the very heart of Central Asia, not only serves as an important military or political partner but also as a potential export market and energy supplier. Therefore we should review the possibility of future cooperation with Uzbekistan. (The rest is omitted.)
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  • Korea and the Dual Chinese Challenge
    Korea and the Dual Chinese Challenge

    The economic rise of China and its integration into the globalization process is undoubtedly one of the most important developments of the past decades. The resulting change in the global balance of economic activities has far-rea..

    Françoise NICOLAS Date 2005.04.30

    economic integration, economic cooperation
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    Content
    Executive Summary

    I. Introduction

    II. The Rise of China: A Dual Challenge for Korea
    1. China as a major trading partner
    2. China as a competitor in third markets
    3. The “huge sucking sound” from China: is it for real?
    4. China's rise as a regional leader

    III. Responding to the Dual Chinese Challenge
    1. Re-orienting Korea firms' strategies
    2. Addressing domestic economic weaknesses
    3. Korea's regional strategy

    IV. Summary and Conclusions

    References
    Summary
    The economic rise of China and its integration into the globalization process is undoubtedly one of the most important developments of the past decades. The resulting change in the global balance of economic activities has far-reaching implications for the world as a whole and for neighboring emerging economies in particular, with Korea as a case in point. (The rest is omitted.)
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  • 선진통상국가의 개념 정립
    Advanced Trading Nation: Korea's New Paradigm of Economic Development

    Korea now needs a new development strategy, not only fit for its present economic and social conditions but also fit for the challenges of globalization. Korea has to break from the previous trade paradigm, export maximizing and i..

    Nakgyoon Choi et al. Date 2005.04.15

    economic opening, trade policy
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    Content
    Summary
    Korea now needs a new development strategy, not only fit for its present economic and social conditions but also fit for the challenges of globalization. Korea has to break from the previous trade paradigm, export maximizing and import minimizing trade combined with free riding on worldwide economic liberalization. Concurrently Korea needs to create a new paradigm based on actively taking advantage of globalization as a driving force of economic development. (The rest is omitted.)
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  • 터키의 국가 현황 및 경제협력 증진 방안
    The Current Status of Turkish Economy and the Economic Cooperation between Korea and Turkey

    The Economic situation in Turkey is gradually reviving thanks to multiple factors such as high-speed growth rate, decrease of interest rate led by currency depreciation, and the slowing down of the inflation rate. However much of ..

    Cheol-Won Lee Date 2005.04.12

    economic outlook, economic cooperation
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    Content
    Summary
    The Economic situation in Turkey is gradually reviving thanks to multiple factors such as high-speed growth rate, decrease of interest rate led by currency depreciation, and the slowing down of the inflation rate. However much of the economic reform agenda is still pending including the huge burden of public debt. Red tapes in the bureaucratic system, high commission rate and side costs are regarded as impediments to potential economic growth. In addition, the still growing inflation rate, currency exchange risk, and high interest rate which all result in financial burden, heavy corporation tax, and burdensome electricity cost are hindering Korean firms from entering the Turkish market. (The rest is omitted.)
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  • Diversity in Development
    Diversity in Development

    The economic success that East Asian economies have achieved in late 20th century is contrasted with a sluggish performances at best of economies of Latin America. (The rest is omitted.)

    Jan Joost Teunissen et al. Date 2005.02.25

    economic development, economic development
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    Content
    Acknowledgements
    Notes on the Contributors
    Abbreviations
    Preface by Alicia Bacena
    1 The Need for Visions on the Economy: By Way of Introduction - 1

    Part I
    The Washington Consensus: What is Right and What is Wrong?
    2 Serious Inadequacies of the Washington Consensus: Misunderstanding the Poor
    by the Brightest - 9
    3 The Dogmatism of the Washington Consensus - 44
    4 The Need for a More Flexible Approach to Development - 53
    5 Globalisation and the Development Agenda - 61
    6 Improving Rather than Abandoning Reforms - 87
    7 The Widening and Deepening of Democratic Development - 90
    8 Reforming the Reforms of the Washington Consensus - 100
    9 Right Prices for Interest and Exchange Rates - 116

    Part II
    Financial Stability at the National, Regional and Global Level:Governance,
    Markets and Institutions
    10 Financial Instability in Emerging Market Countries:Causes and Remedies - 125
    11 Competent Institutions and Selective Globalisation - 145
    12 In Search of a New East Asian Development Paradigm:Governance, Markets and
    Institutions - 150
    13 Path-Dependent Reforms of the East Asian Development Model - 170
    14 East Asian Cooperation, Social Policies and the WTO - 174
    15 The Search for a Stable and Equitable Global Financial System - 181
    16 Global Crisis Prevention and Liquidity Provision - 208

    Part III
    Towards a New Development Agenda
    17 Africa and the Washington Consensus - 215
    18 The Potential of the Doha Development Agenda - 223
    19 A Development and Research Agenda for the Poorest Countries - 232
    Summary
    The economic success that East Asian economies have achieved in late 20th century is contrasted with a sluggish performances at best of economies of Latin America. (The rest is omitted.)
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  • 한·일 경제개혁과 경제활성화에 관한 비교분석
    Comparison of the Measures Implemented for Economic Reform and Actions Taken to Boost Economy in Korea and Japan

    Although still unstable, many argue that the Japanese economy has overcome its 10-year long economic recession to slowly enter into the recovery phase. What lessons can Koreans learn from Japan? (The rest is omitted.)

    Chong-Yun Rhee Date 2005.02.25

    economic reform, economic development
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    Content
    Summary
    Although still unstable, many argue that the Japanese economy has overcome its 10-year long economic recession to slowly enter into the recovery phase. What lessons can Koreans learn from Japan? (The rest is omitted.)
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  • Korea-Japan FTA: Toward a Model Case for East Asian Economic Integration
    Korea-Japan FTA: Toward a Model Case for East Asian Economic Integration

    The year 2005, the target year for Japan and Korea to conclude their FTA, will be the 40th anniversary of the establishment of diplomatic ties after their painful history. During the last four decades, Japan-Korea relations have m..

    Choong Yong AHN et al. Date 2005.02.20

    economic integration, economic cooperation
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    Content
    Preface
    Editors' Biographical Notes
    Contributors

    I. Political Economy of Korea-Japan Free Trade Arrangement: A Korean
    Perspective / Taeho Bark and Chong Sup Kim
    II. Political Economy of Japan-Korea FTA from Japanese perspective: Strategic
    approach, gains, and implications for the East Asian integration / Takatoshi
    Ito and Yukiko Fukagawa
    III. Modality of Korea-Japan FTA: From the Perspective of Korea / Dukgeun Ahn
    IV. What Kind of Free Trade Arrangement? Modality and Contents: Japanese
    Perspective / Eiji Ogawa
    V. Economic Assessment of Korea-Japan FTA / Inkyo Cheong
    VI. The Impacts of Japan-Korea FTA and CU on Economy, Industry and Trade in
    Japan and Korea / Shujiro URATA and Kazutomo ABE
    VII. Liberalization of the Agriculture and Fishery Sectors / Yoocheul Song
    VIII. Agricultural Issues on Japan-Korea FTA / Masayoshi Honma
    IX. Liberalization of Trade in Services: A Korean Perspective / June-Dong Kim
    X. Economic Analysis on Japan-Korea FTA: Service Trade / Fukunari Kimura
    XI. How to Measure Non-tariff Barriers? A Critical Examination of the
    Price-Differential Approach / Kyoji Fukao
    XII. Non-Tariff Barriers, Real Obstacles or False Perceptions?: Korean
    Perspective / Yang-Hee Kim
    XIII. Exchange Rate Uncertainty and Free Trade Agreement between Japan and
    Korea / Kwanho Shin and Yunjong Wang
    XIV. How Wide is the Border Between Japan and Korea? / Takatoshi ITO and
    Noriyuki KAJII

    Epilogue
    Summary
    The year 2005, the target year for Japan and Korea to conclude their FTA, will be the 40th anniversary of the establishment of diplomatic ties after their painful history. During the last four decades, Japan-Korea relations have matured gradually, promoted in part by miraculous development and catch-up by the Korean economy. In 1996, Korea became an OECD member, the second country in Asia following Japan. As an OECD member, Korea is expected to share common global responsibilities to promote economic growth and liberalization. Although the Korean economy was hit by the Asian financial crisis in 1997, Korea surprised the world by instigating a comprehensive structural reform and subsequent speedy economic recovery led by a strong political will and swift business initiatives. Korea has accomplished the IMF conditionality, while receiving the IMF financial assistance package. (The rest is omitted.)
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  • Latin America and East Asia-Attempts at Diversification
    Latin America and East Asia-Attempts at Diversification

    Jorg Faust et al. Date 2004.12.30

    economic relations
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    Content
    Contents Preface Contributors List of Abbreviations Latin America and East Asia-Defining the Research Agenda / Jorg Faust and Manfred Mols East Asian Regionalism at the Crossroads / Alfredo C. Robles Multilateral Co-operation between Latin America and East Asia / Manfred Wilhelmy ; Stefanie Mann Argentina's relations with East Asia / Gonzalo S. Paz Brazil's Asia-Pacifc Policy / Henrique Altimani de Oliveira Chile and Asia-Pacific : The Economic Connection / Hernkn Gutierrez B. Relations between Mexico and East Asia / Jorg Faust ; Uwe Franke Peru and Pacific Asia / Ruben Berrios China and Latin America / Stefanie Mann Japan and Latin America-Missing Strategies and Political Will / Kotaro Horisaka Korean Relations with Latin America : Policy Goals and Constraints / Kim, Won-Ho Southeast Asia and Latin America : A Case of Peripheral Interregionalism / Jorn Dosch Latin America and East Asia : Between Bilateralism and Interregionalism? / Manfred Mols References
    Summary
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  • The Structure of North Korea’s Political Economy: Changes and Effects
    The Structure of North Korea's Political Economy: Changes and Effects

    This study analyzes the structural changes of North Korea's economy using social accounting matrix. It finds that, since the early 1990s, North Korea's official economy has shrunk because of the collapse of state-owned enterprises..

    Young-Sun Lee et al. Date 2004.12.30

    North Korean economy
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    Content
    I. Introduction
    II. Structure of North Korean Economy and Its Changes
    III. North Korea's Reform Measures and their Implications
    IV. Summary and Conclusion
    Summary
    This study analyzes the structural changes of North Korea's economy using social accounting matrix.

    It finds that, since the early 1990s, North Korea's official economy has shrunk because of the collapse of state-owned enterprises, and the private economy has grown as a result of the people's effort to survive amid economic difficulties. Meanwhile, the military spending has increased demonstrating the military's important role in maintaining domestic stability and external security. Gradually, and often under state-initiated reforms like the reform measures introduced in July 2002, the private sector in North Korea has expanded at the expense of the official economy, thereby transforming the North into a market economy. International engagement toward a peaceful resolution with North Korea should begin with efforts to support growth in the private sector.
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