Working Papers
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Working Papers
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The Effects of Changes in Exchange Rate, Interest Rate, and Wage on Korean Exports
Recently, there have been worries regarding Korea's inactivity in exports. Korean exports grew by just 5.8 percent on average from 1989 to 1991, while Korea's rival economies, including Hong Kong, Singapore and China, recorded an ..
Chong Man Kim Date 1992.10.23
Exchange rateDownloadContentSummaryRecently, there have been worries regarding Korea's inactivity in exports. Korean exports grew by just 5.8 percent on average from 1989 to 1991, while Korea's rival economies, including Hong Kong, Singapore and China, recorded an average 15-percent rate of increase.
This paper indicates the internal and external factors observed in the international finance market and their implications for international economic trends.
In terms of external factors, it shows the strengthening of the United States and developing nations' competitiveness. It also indicates a slowdown of the economy growth rate in OECD member nations Internal factors of Korean exports have stagnated, causing taxation rates to increase and domestic finance demand to rise, leading to severe labor disputes in the process of democratization and sudden increases in capital demand and price instability. Moreover, the sharp revaluation of the won since 1986 is also considered a factor in Korea's export slowdown. -
A Draft of the Final Act of the Uruguay Round and Assessment of the Tasks Facing Korea
Protectionism and movement toward regionalism have risen steadily in international trade. At this critical juncture, the Uruguay Round multilateral negotiations have been started to set global rules for trade that could move world..
Co-authors Date 1992.10.21
Multilateral negotiationsDownloadContentSummaryProtectionism and movement toward regionalism have risen steadily in international trade. At this critical juncture, the Uruguay Round multilateral negotiations have been started to set global rules for trade that could move world economic growth into the next century. Even though the negotiations are currently continuing without any definite time frame, it is clear that the successful conclusion of the negotiations is crucial to the future prospect of the world economy. It is now the time when Korea must take the countermeasures to draw bigger benefits in the future.
This paper contains a draft of the final act of the Uruguay Round and assessment of the tasks facing Korea. It covers rules of origin, anti-dumping, technical barriers to trade, subsidies and countervailing duties, agriculture, safeguards, trade-related investment measures, textiles and clothing, GATT provisions, dispute settlement, trade in services and trade-related aspects of intellectual property rights. -
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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
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