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Working Papers

Publications

  • 수입선다변화제도의 경제적 효과
    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 policy
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    Summary
    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 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.
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  • Changing World Trade Environment and New Political Economics
    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 policy
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    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
    Summary
    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 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
    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 cooperation
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    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 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.
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  • 미국의 무역장벽
    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 dispute
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    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 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.
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  • 정부조달 관련 장벽
    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 dispute
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    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. 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.
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  • EC 해운정책의 변화와 시사점
    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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  • 유통 산업의 개방효과와 대응전략
    Studies on the Strategy for Internationalization of the Service Industry: Impact of Liberalization on the Distribution Industry

    This paper aims to examine changes and effects related to the liberalization of Korea's distribution industry, suggesting some strategies to take countermeasures against the problems accruing from liberalization. This paper places..

    Se-Don Shin Date 1992.07.31

    industrial policy
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    This paper aims to examine changes and effects related to the liberalization of Korea's distribution industry, suggesting some strategies to take countermeasures against the problems accruing from liberalization. This paper places more importance on dynamic structural changes and Korean characteristics than on the status quo of the Korean distribution industry.

    In order to analyze impact of the commodity market of liberalization on the distribution, this paper takes both a theoretical and practical approach.

    Through such analyses, some useful strategies and devices are offered for Korean companies and foreign investors hoping to enter Korea's domestic market.
    In this regard, the paper makes some policy recommendations for the Korean government to take countermeasures against the negative effects expected to arise from the liberalization.
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  • 광고산업의 국제경쟁력 제고방안
    Korea's Advertisement Industry: Strategies to Improve Its International Competitiveness

    This paper aims to examine the experiencing in structural transitions according to the Uruguay Round (UR) multilateral negotiations, suggesting strategies to improve the international competitiveness of Korea's advertisement indus..

    Sang Hack Lee Date 1992.07.31

    industrial policy
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    This paper aims to examine the experiencing in structural transitions according to the Uruguay Round (UR) multilateral negotiations, suggesting strategies to improve the international competitiveness of Korea's advertisement industry.
    This paper places more importance on dynamic structural changes and Korean characteristics than on the status quo of the Korean advertising industry.
    The composition of this study is as follows. Section II reviews the current status and structural characteristics of Korea's advertisement industry.
    Section III predicts the type of multinational companies making inroads into the Korea market by analyzing the changing environment due to liberalization. In this regard, Section IV makes some policy recommendations for Korea to take countermeasures accruing from liberalization.
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  • 동구 경제개혁의 유형과 성과
    Pattern and Performance of Economic Reform in Eastern Europe

    Political economic reform in Eastern Europe before and after in the 1990s has been one of the epoch-making events of the 21st century. Reform has been focused on transforming socialist planned economy into capitalist market econom..

    Yoo Soo Hong Date 1992.07.31

    economic reform
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    Political economic reform in Eastern Europe before and after in the 1990s has been one of the epoch-making events of the 21st century. Reform has been focused on transforming socialist planned economy into capitalist market economy to settle severe economic problems. There is an urgent need for Eastern Europe countries to enter the world economy to escape the separatism of the past.
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  • 러시아연방의 외국인투자관련 제도
    Foreign Investment Promotion System in the Russian Federation

    Chan-Hyeok Yoon Date 1992.07.30

    foreign direct investment
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