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Policy Analyses

Publications

  • 1990년대 국제경제환경변화와 정책대응
    Meeting the Challenges of the International Economic Environment in the 1990s

    Co-authors Date 1990.06.16

    economic development, economic outlook
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  • 한국경제의 자유화 현황과 OECD 가입전략
    Liberalization of the Korean Economy and Prospects of Becoming an OECD Member

    Korea, as a member of the OECD, will have to participate in various OECD committees and work programs related to corporate governance. By doing so, Korea will help reform Korea's corporate governance structure and strengthen inter..

    Tae-Joon Kim Date 1990.06.01

    economic opening
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    Korea, as a member of the OECD, will have to participate in various OECD committees and work programs related to corporate governance. By doing so, Korea will help reform Korea's corporate governance structure and strengthen international competitiveness of Korean companies.

    This paper is organized as follows. Section II explains the characteristics, objectives, activities and obligatory duties as a member country of OECD. Section III introduces Japan's entry to the OECD. Section IV examines the current liberalization in trade, foreign exchange rate, current invisible operations and capital movement liberalization of the Korean economy and analyzes the additional items for the liberalization by comparing OECD rules. Section V investigates a degree of the maturity in the Korean economy and condition precedents for OECD entry, its advantages and disadvantages, and discusses the strategy for OECD entry. Finally, Section VI contains a summary and conclusion.
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  • 韓國과 社會主義國의 關係發展과 南北韓 關係 變化의 展望
    Development of Relations between Korea and Socialist Countries and Prospects for South-North Korean Relations

    This book is a compilation of the papers and comments from the 'Seminar on Development of Relations between Korea and Socialist Countries and Prospects for South-North Korean Relations' organized by the Korea Institute for Interna..

    Yong-Suk Oh ed. Date 1990.06.01

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    This book is a compilation of the papers and comments from the 'Seminar on Development of Relations between Korea and Socialist Countries and Prospects for South-North Korean Relations' organized by the Korea Institute for International Economic Policy.
    Socialist countries have recently undergone a sudden change in political, economic and social reform due to the spread of Gorbachev's perestroika policy. This is expected to affect Korea's diplomatic policy toward socialist countries including the Soviet Union, China, East European countries and North Korea. This seminar provided perspectives for development of relations between Korea and Socialist countries and suggested perspectives of economic and social integration after German unification.
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  • 환율제도와 외환위기관리
    The Exchange Rate System and the Management of Exchange Risk

    This paper explains the background and recent history of the exchange rate system in Korea and discusses the policy implications for its management of exchange risk.This paper is organized as follows. Section II examines the chara..

    Chong-Man Kim Date 1990.05.01

    financial crisis, exchange rate
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    This paper explains the background and recent history of the exchange rate system in Korea and discusses the policy implications for its management of exchange risk.
    This paper is organized as follows. Section II examines the characteristics of the exchange rate system, focusing on the international balance of payments and the management of currency. Section III analyzes the exchange rate fluctuations under different systems using statistical analysis, time series analysis and correlation analysis. Section IV estimates how an observational error of the exchange rate fluctuations according to the change of their system has affected corporate decision-making processes. Section V reveals how corporations have taken some measures to avoid exchange rate risk. In addition, it finds some points to be further improved for the Korean government's exchange rate system and suggests institutional devices for the management of exchange risk. Summary and policy implications are provided in Section VI.
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  • 우루과이 라운드 지적재산권 협상과제와 우리의 대응방안
    UR/Intellectual Property Rights Negotiations: Issues and Respones

    This paper focuses on establishing countermeasures for intellectual property rights negotiations in preparation for the conclusion of the Uruguay Round Agreement. To do so, this paper reviews the concept of IPR (part II) and exami..

    Chan-Hyun Sohn Date 1990.05.01

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    This paper focuses on establishing countermeasures for intellectual property rights negotiations in preparation for the conclusion of the Uruguay Round Agreement. To do so, this paper reviews the concept of IPR (part II) and examines the adoption background of the GATT agenda (part III). It summarizes the outstanding issues by group, sector and country of the Uruguay Round of the GATT (part IV).
    Based on this, this paper analyzes the economic meaning of protecting IPR and negotiable strategy of selected countries (part V). Finally, this paper makes some policy recommendations for Korea to take as countermeasures for IPR.
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  • 우루과이라운드(UR) 協商과 우리의 對應方案
    Korea and the Uruguay Round Negotiations

    Since the 1990s, the Uruguay Round agreement made at the eighth multilateral GATT negotiations is expected to give rise to trade creation by addressing a wide range of agenda in a multilateral format. Thus, the result of UR will a..

    Taeho Bark Date 1990.04.02

    multilateral negotiations
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    Since the 1990s, the Uruguay Round agreement made at the eighth multilateral GATT negotiations is expected to give rise to trade creation by addressing a wide range of agenda in a multilateral format. Thus, the result of UR will affect the Korean economy substantially, which is the 10th largest nation in trade volume. From a practical standpoint, with the participation of many distinguished scholars and experts, this seminar re-illuminated the meaning and perspective of UR negotiations and discussed important issues such as service, textiles and clothing, TRIPs and agriculture. In addition, it offered a forum to deliberate on Korea's negotiation strategy for the UR negotiations.
    These proceedings are a collection of the lectures, papers and formal comments made by the speakers and discussants.
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  • EC 經濟統合과 對外貿易政策의 變化
    EC Integration and Changes in International Trade Policy

    This study examines the purpose and process of EC integration and analyzes EC trade barriers. In particular, it attempts to study the likely effects of EC 1992 on Asia, giving implications for the Korea-EC trade policy.This paper ..

    Chung-Ki Min Date 1990.03.16

    economic integration, trade policy
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    This study examines the purpose and process of EC integration and analyzes EC trade barriers. In particular, it attempts to study the likely effects of EC 1992 on Asia, giving implications for the Korea-EC trade policy.

    This paper is organized as follows. Section II presents the content and processes of EC 1992 and predicts the likely economic effect of EC integration.

    Section III points out trade barriers, especially for Asia, by introducing EC intra-preferential trade agreements and comparing those of non-EC advanced countries. Section IV analyzes how EC 1992 affects countries in other regions and predicts the post-1992 direction of EC trade policies. Section V analyzes the cause of Korea's trade friction with the EC and suggests some countermeasures for making inroads into the EC market. Summary and policy implications are provided in Section VI.
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  • GATT 11條國 移行에 따른 政策課題와 對應方案
    Korea's Policy Response to Its GATT Article 11 Nation Status

    Korea became a signatory country to the IMF Article 8, giving up its foreign exchange controls. Furthermore, in 1989, Korea announced that it would no longer restrict trade to control its balance of payments and that it would foll..

    Hak-Su Kim Date 1990.03.01

    multilateral negotiations
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    Korea became a signatory country to the IMF Article 8, giving up its foreign exchange controls. Furthermore, in 1989, Korea announced that it would no longer restrict trade to control its balance of payments and that it would follow Article XI of GATT, further increasing its pace of import liberalization.
    This paper comprehensively recommends Korea's policy response to its GATT Article 11 nation status and makes some policy recommendations for the Korean government. In particular, by classifying GATT rules and an inflectional paradigm of advanced nations, this paper seeks to the direction for Korea's foreign trade policies. In light of the Korea's recent trade pressures with advanced nations, corresponding policy and institutional devices are suggested in this paper.
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  • EC 統合과 政策對應
    EC Integration and Korea's Policy Response

    This book is a compilation of the papers and comments from the 'Seminar on EC Integration and Korea's Policy Response' organized by the Korea Institute for International Economic Policy. The European Community will become the larg..

    Date 1990.01.10

    economic integration
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    This book is a compilation of the papers and comments from the 'Seminar on EC Integration and Korea's Policy Response' organized by the Korea Institute for International Economic Policy. The European Community will become the largest trading bloc in the world. In addition, with the cataclysmic changes in Eastern Europe and German unification, EC's role in the world economy is expected to grow further in the near future. This seminar provided an excellent opportunity to share views on the progress of the European Economic Integration and to deliberate on Korea's policy implications.
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  • 소련ㆍ중국 및 동구의 변화와 대응
    Responding to Economic Changes in China, the Soviet Union and Eastern Europe

    Co-authors Date 1990.01.01

    economic opening, economic reform
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