Working Papers
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Working Papers
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GDR's Price System and Transformation to a Market Economic System
This paper analyzes the process of transformation of the industrial structure to a market economic system and the German Democratic Republic's pricing system. The analyses of this price system will be very helpful in understanding..
Jin Young Bae Date 1991.08.23
DownloadContentSummaryThis paper analyzes the process of transformation of the industrial structure to a market economic system and the German Democratic Republic's pricing system. The analyses of this price system will be very helpful in understanding the changes in the industrial structure in the process of German unification. Furthermore, it will furnish relevant insights for the economic integration of the two Koreas.<
The contents of this paper are organized as follows. Section B summarizes the German Democratic Republic's price system. Section C reviews the process of the transformation of the industrial structure to a market economic system. Policy implications for economic integration on the Korean peninsula and a summary are given in Section D. -
Comparative Analysis of the Productivity in the Service Industry
The service sector is gaining importance in the Korean economy, with its share of production and employment increasing 47.0 percent and 42.9 percent in 1989, respectively. As the Korean economy has grown, developed economies, the ..
Jin Soo Yoo Date 1991.08.20
DownloadContentSummaryThe service sector is gaining importance in the Korean economy, with its share of production and employment increasing 47.0 percent and 42.9 percent in 1989, respectively. As the Korean economy has grown, developed economies, the U.S. in particular, have strengthened regulations against imports to protect their the commodity market, urging for the overall liberalization of trade in finance, insurance, communications, distributions and business services. The liberalization of trade in services may result in improved productivity in other sectors, including manufacturing, due to the resulting access to a broader variety, better quality and lower input costs. Thus, the liberalization of services can bring potential gains in productivity in the service sector.<
The study makes a comparative analysis of the productivity in the service industry and gives implications for the liberalization of trade in services. -
Studies on Korea's Safeguard System
In order to respond to the trend in fair trade and market liberalization for developed economies, Korea has recently pursued for import liberalization policy in earnest for the transition to open economy system. Since 1990, the Ur..
Wook Chae Date 1991.08.01
trade policyDownloadContentSummaryIn order to respond to the trend in fair trade and market liberalization for developed economies, Korea has recently pursued for import liberalization policy in earnest for the transition to open economy system. Since 1990, the Uruguay Round Agreement and Korea's OECD entry have accelerated market liberalization.<
Korea maintained protective measures such as import quotas due to an adverse balance of international payments. However, since the IMF entry of 1998, Korea has tried to change a preliminary import management system to an advanced model post-import management system.
The rest of the paper is organized as follows. Section II outlines the definition, history and structure of safeguard system. Section III discusses the problem of law interpretation and application, examining the gray zone measures and recent status of Uruguay Round safeguard agreement. Section IV looks into safeguard system and measures of selected countries. Section V discusses the problem and ways for improvement of Korea's safeguard system, suggesting associated organizations, foreign trade law and flexible tariff system. Finally, several desirable strategies and policy implications or Korea's safeguard system are proposed in Section VI. -
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The ANIEs-AN Intermediate Absorber of Intraregional Export?
The purpose of this article is twofold. First, it reviews the economic performances of the ANIEs during the last two decades and identifies some of their unique characteristics. Second, the article is aevoted to developing a formu..
Jang-Hee Yoo Date 1991.07.01
trade structureDownloadContentContents
I. Introduction
II. Growth Performance of ANIEs : 1970-1989
III. Export and Import Industrial Structures in ANIEs
IV. Interdependence Between the ANIEs and ASEAN
V. Some Workable Areas for Cooperation
VI . Conclusion
References
SummaryThe purpose of this article is twofold. First, it reviews the economic performances of the ANIEs during the last two decades and identifies some of their unique characteristics. Second, the article is aevoted to developing a formula in which the ANIEs can be a catalyst for regional economic growth, thereby contributing to narrowing the welfare gap among the three groups. This is one step towards the cooperative modality that Klein (1990) proposes. That is, as an alternative to an export-led growth strategy, developing economies in the region may form a new trading bloc such as a customs union, a currency union, or some more comprehensive form of economic integration.< -
Policy Direction for Korea's International Economic Cooperation
This study suggests ultimate direction on Korea's International Economic Cooperation and its strategy by classifying three sub-countries: advanced, northern districts and developing nations. The rest of the paper is organized as f..
Hak Soo Kim Date 1991.07.01
economic cooperationDownloadContentSummaryThis study suggests ultimate direction on Korea's International Economic Cooperation and its strategy by classifying three sub-countries: advanced, northern districts and developing nations.<
The rest of the paper is organized as follows. Section II provides policy direction for Korea's international economic cooperation, dividing capital cooperation with advanced nations, economic cooperation with northern district nations and aid cooperation with developing nations. Section III explores the appropriate scale of foreign capital cooperation. Section IV seeks the ways for the linkage with public and private sector. Section V suggests ultimate direction on the Korean government's foreign policy and strategy. Section VI describes appropriate capital cooperation. -
Implications of Economic Reforms in CEECs for DAEs : With Emphasis on the Korean Case
Central and Eastern European countries (CEECs) are currently undergoing rapid political, economic and social changes. These changes are a result of reform efforts to change centralized planned economies into market-oriented econom..
Yoo Soo Hong Date 1991.06.11
economic reformDownloadContentContents
I. INTRODUCTION
II. ECONOMIC REFORMS IN CEECs
II.1. Background of Reforms
II.2. Recent Reform Policies in CEECs
II.3. Economic Situation and Outlook for CEECs
III. TRADE BETWEEN CEECs AND DAEs
III.1. Importance of Trade between CEECs and DAEs in World Trade
III.2. Comparative Advantages and Complementarities
III.3. Trade between CEECs and Korea
IV. ECONOMIC AND INDUSTRIAL COOPERATION
IV.1. Direct Investments
IV.2. Financial Support
IV.3. Other Means of Cooperation
V. CONCLUDING REMARKS
REFERENCES
APPENDIX
SummaryCentral and Eastern European countries (CEECs) are currently undergoing rapid political, economic and social changes. These changes are a result of reform efforts to change centralized planned economies into market-oriented economies. Achievement of successful economic reform and subsequent integration of CEECs into the golbal economy will provide both challenges and opportunities for dynamic Asian economies (DAEs).<
The purpose of this paper is to review the economic reforms currently in process in (CEECs) and the present economic relations between CEECs and (DAEs), as well as to discuss the future means of cooperation between the two groups. -
Foreign Direct Investment Conditions in the EC, and Korean Policy
The European Community (EC), which liberalized from 1985 to 1992, is preparing to become the largest single international market. If the EC intra-market is liberalized, other countries, including Korea, will make profit. However, ..
Chung Ki Min Date 1991.05.31
overseas direct investmentDownloadContentSummaryThe European Community (EC), which liberalized from 1985 to 1992, is preparing to become the largest single international market. If the EC intra-market is liberalized, other countries, including Korea, will make profit. However, there is expected to be fierce competition between countries that are part of the EC and the rest of the world, as the EC integration will benefit member countries before transferring profits to other regions. Non-member countries have argued that EC integration may encourage Europe to fortify and to increase protection, so they have sought strategic ways to advance into the EC market. However, Korea has only taken basic countermeasures toward EC market integration. Accordingly, this study analyzes Foreign Direct Investment (FDI) Conditions in the EC and predicts the effects of market integration on the Korean economy.< -
A Comparative Analysis of the Effects of Exchange Rate Fluctuations on the Export Competitiveness of Korea, Japan and Taiwan
By observing the evolution of exchange rate and export fluctuations of Korea, Japan and Taiwan since 1985, this paper analyzes the effects of exchange rate fluctuations on their export competitiveness. In addition, it compares and..
Jong Hwa Cho Date 1991.05.13
exchange rateDownloadContentSummaryBy observing the evolution of exchange rate and export fluctuations of Korea, Japan and Taiwan since 1985, this paper analyzes the effects of exchange rate fluctuations on their export competitiveness. In addition, it compares and analyzes the export structure of the three economies by region and commodity to assess their export competitiveness in the world market.<
The rest of the paper is organized as follows. Section II illustrates the export evolution and exchange rate fluctuations of Korea, Taiwan and Japan since 1985. Section III empirically analyzes the effects whether three nation's exchange rates fluctuations have affected their export. Section IV analyzes the relationships of export competition by comparing the export structure by region and article. Finally, executive summary and policy implications are provided in Section V. -
Anti-dumping Restrictions Against Korean Exports : Major Focus on Consumer Electronic Products
This paper has examined the economic aspects of the anti-dumping cases and restrictions that have been brought against Korean products paying particular attention to Korean consumer electronic exports. The trends of industrial cou..
Tae-ho Bark Date 1991.05.01
anti-dumping systemDownloadContentContents
I. Introduction
II. Industrial Countries' Restrictions on Korean Exports
III. Anti-Dumping Cases Initiated Against Korean Products
IV. The Korean Electronics Industry
V. The Korean Electronic Products Under ADRs
VI. Causes and Effects of ADRs Against Korean Consumer Electronic Products
VII. Summary and Concluding Remarks
FOOTNOTES
REFERENCES
SummaryThis paper has examined the economic aspects of the anti-dumping cases and restrictions that have been brought against Korean products paying particular attention to Korean consumer electronic exports. The trends of industrial countries' Non-Tariff Barriers (NTBs) and Anti-Dumping Restrictions (ADRs) imposed on Korean exports was first analyzed. By examining all anti-dumping cases initiated against Korean exports, the paper discussed various characteristics of such cases. Ther brief history and major distinctive characteristics of the Korean electronics industry were then reviewed. Among anti-dumping cases imposed on Korean exports, those of color TV sets, microvave ovens and VTRs were examined in detail. Finally, the causes and effects of ADRs from the restricted exporting country's perspective were analyzed.<
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