Policy Analyses
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Policy Analyses
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The Linear Free Trade Area Theory for the Creation of an East-Northeast Asia Economic Zone
The world economic system has been reorganized due to the end of the Cold War and the rise in regionalism since in the mid-1980s. In addition, Northeast Asian nations have been trying to create a new economic order based on econom..
Byeong Hae Shon Date 1992.09.08
Economic cooperation, Free tradeDownloadContentSummaryThe world economic system has been reorganized due to the end of the Cold War and the rise in regionalism since in the mid-1980s. In addition, Northeast Asian nations have been trying to create a new economic order based on economic interdependence. From this perspective, there is an urgent need for Northeast Asia nations to seek countermeasures. The linear free trade area theory for the creation of Northeast Asia economic zone entails multilateral cooperation, transforming ideological confrontation into multilateral cooperation, and non-symmetrical reliance between advanced and underdeveloped countries into inter-supplementary cooperation relations. -
The Current Status of Korea's Outward FDI Status and Policy Issues
Si-Joong Kim et al. Date 1992.09.05
Overseas direct investment -
Economic Effects of Import Source Diversification Policy: Focusing on Import Substitution and Import Source Diversification Effects
Import source diversification policy(ISDP) presupposes that foreign trade deficit vis-a-vis one nation is undesirable and its purpose lies in maintaining the balance of trade with each country. The background for this policy can b..
June-Dong Kim Date 1992.09.05
Trade policyDownloadContentSummaryImport source diversification policy(ISDP) presupposes that foreign trade deficit vis-a-vis one nation is undesirable and its purpose lies in maintaining the balance of trade with each country.
The background for this policy can be found in a search for ways to cushion the impact stemming from import liberalization to protect and foment domestic industry.
In the meanwhile import source diversification policy(ISDP) has had some merits in terms of controlling the trade deficit vis-a-vis Japan and fomenting domestic capital goods industry.
But on the other hand, there has been criticism about the negative side-effects of ISDP. First of all, for the most part, no consistent principles have been established on the types of products which are to be included or excluded from the policy. Thus, some suspect whether ISDP has only succeeded in protecting industry interests while creating many inefficiencies by restricting competition. In particular, since the end of 1980s when the export competitiveness of Korean products has dropped sharply, many people question the efficiency of ISDP.
In this connection, this study proposes to set forth plans for enhancing ISDP in the future on the basis of a critique of the economic efficiency of the said policy. -
Changing World Trade Environment and New Political Economics
The objective of this paper is four-fold. First, the characteristics of current international trade in the capitalist regime and their implications will be analyzed without resorting to the conventional comparative advantage or th..
Jang-Hee Yoo Date 1992.09.02
Trade policyDownloadContentContents
I. Introduction
II. Overview of Traditional Trade Theory
III. Problems in International Economic Order
IV. The New Political Economy of Protectionism
V. Emergence of a New System
VI. Concluding Remarks
References
SummaryThe objective of this paper is four-fold. First, the characteristics of current international trade in the capitalist regime and their implications will be analyzed without resorting to the conventional comparative advantage or the factor endowment theory. Second, expected changes in the international capitalist market under the new world economic environment will be illustrated. Third, the implication of recent world economic developments such as economic integration, regionalism, formation of free trade areas, and economic cooperation among the industrial powers, like G-7, will be studied in light of the first two objectives. Finally, from the standpoint of these recent economic developments, we shed light on the kind of adjustments required for those countries whose economic developments have been engineered on the basis of the outward-looking economic growth model.
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Russia's Reform and Economic Cooperation between Korea and Russia
The Korea Institute for International Economic Policy (KIEP) organized the conference on 'Russia's Reform and Economic Cooperation Between Korea and Russia' on September 7-8, 1992.This forum gathered together eminent economists an..
Je Hoon Park Date 1992.09.01
Economic cooperationDownloadContentSummaryThe Korea Institute for International Economic Policy (KIEP) organized the conference on 'Russia's Reform and Economic Cooperation Between Korea and Russia' on September 7-8, 1992.
This forum gathered together eminent economists and researchers from both countries in an effort to share visions and to intensify efforts for the two countries' economic cooperation. It would come up with some meaningful insights for the future of Korean-Russian economic cooperation. -
Trade Barriers of the United States
The United States has been Korea's largest trading partner for a long period of time, but while the two countries have enjoyed substantial benefits from the trade relationship, there has also been substantial trade friction.The re..
Nam Doo Kim Date 1992.08.25
Trade disputeDownloadContentSummaryThe United States has been Korea's largest trading partner for a long period of time, but while the two countries have enjoyed substantial benefits from the trade relationship, there has also been substantial trade friction.
The report looks at the individual issues in detail: Tariff barriers, non-tariff barriers (anti-dumping and countervailing measures), import quantity limitation measures, gray import limitation measures, unilateral trade sanction and discriminate trade system and export-related trade barriers. -
Studies on Trade Barriers of Developed Countries: Government Procurement
This paper explains the Government Procurement Agreement and examines trade barriers in developed economies such as the U.S, Japan and EC, suggesting some strategies to take countermeasures. This paper is organized as follows. Sec..
In Bom Choi Date 1992.08.20
Trade disputeDownloadContentSummaryThis paper explains the Government Procurement Agreement and examines trade barriers in developed economies such as the U.S, Japan and EC, suggesting some strategies to take countermeasures.
This paper is organized as follows. Section II examines the background and current status of the Government Procurement Agreement. Section III analyzes the trade barriers of the U.S. such as its preferential purchase system and discriminatory procurement system. Section IV analyzes the trade barriers of Japan such as the dispersed procurement system and abuse of exclusive bids. Section V analyzes the trade barriers of the EC, including its preferential purchase system and procurement directions, and trade barriers of the EC member nations. Summary and policy implications are provided in Section VI. -
Changes in the EC's Shipping Policies: Problems and Prospects
Chung-Ki Min Date 1992.08.12
Economic integration, Trade policy
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