RESEARCH
Policy Analyses
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A Collection of Chinese Leader Speeches: Reform of the Chinese State Enterprise System
Co-authors Date 1996.04.29
Economic Reform -
Chinese Economic Development Plans on into the 21st Century
Co-authors Date 1996.04.29
Economic Development -
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The Enhancement of AFTA and its Impact
This report examines the proceedings and prospects of the ASEAN Free Trade Area (AFTA), focusing on the possibility of enlarging Korean-ASEAN exchange. AFTA, the largest international economic cooperative effort in the world, is c..
Young-Kul Won Date 1996.04.24
Free TradeDownloadContentSummaryThis report examines the proceedings and prospects of the ASEAN Free Trade Area (AFTA), focusing on the possibility of enlarging Korean-ASEAN exchange. AFTA, the largest international economic cooperative effort in the world, is characterized by its large capacity and latent purchasing power. As ASEAN member economies developed, they became important trade partners for Korea, accounting for 19.4 percent of Korea's overseas direct investment and 10.2 percent of Korea's total trade in 1994.
However, due to the limited size of the integrated market, the vulnerability of the industrial structure may impede economic cooperation between Korea and ASEAN. In particular, AFTA's common effective preferential tariffs are far from ideal.
Nevertheless, this report predicts that although AFTA will face short-term restrictions in its trade, it has a bright future for integration. -
Economic Effects of APEC Trade Liberalization and Trade Structure
Sang-Kyom Kim Date 1996.04.17
Trade Structure, Free Trade -
Prospects for Economic Cooperation Between China and Korea on into 21st Century
The Korea Institute for International Economic Policy hosted an international seminar under the title of 'Prospects for economic cooperation between China and Korea on into 21st century.' This seminar provided the two countries wi..
Beijing Office Date 1996.04.03
DownloadContentSummaryThe Korea Institute for International Economic Policy hosted an international seminar under the title of 'Prospects for economic cooperation between China and Korea on into 21st century.' This seminar provided the two countries with insights and perspectives in the context of drawing long-term policy for economic cooperation.
These proceedings are a collection of the lectures, papers and formal comments made by the speakers and discussants. -
International Trade in Software
This is a work in progress. In this paper, I introduce a proto-type model of international trade in software. Software products are characterized by the high cost of enhancing the quality of the product and the low cost of distrib..
Suchan Chae Date 1996.04.01
Trade StructureDownloadContentAbstract
1. Introduction
2. A Static Closed Economy
3. A Static Open Economy
4. A Dynamic Closed Economy
5. Dynamic Open Economy
6. Trade with Tariffs
7. Bargaining Solution
8. Conclusion
References
SummaryThis is a work in progress. In this paper, I introduce a proto-type model of international trade in software. Software products are characterized by the high cost of enhancing the quality of the product and the low cost of distributing the product to consumers. After investigating the benefits and patterns of international trade, I look into the relative benefits of the developed and less developed countries in a dynamic context where leading-edge firms enjoy temporary monopoly profits. When the productivity growth factor is sufficiently large, the benefits to the North are larger than benefits to the South, and the South may try to redress the balance by resorting to distortional instruments such as tariffs. I analyze a non-distortional bargaining outcome.
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Toward Liberalization of International Direct Investment in Korea: Retrospects and Prospects
The Korean government has implemented various liberalization measures for foreign direct investment (FDI) as one of the main sources for fostering economic development. FDI, particularly in high-tech industries, has been recognize..
YunJong Wang et al. Date 1996.04.01
Foreign Direct InvestmentDownloadContentⅠ. Introduction
Ⅱ. Overview of the Korean Economy and the Role of Foreign Direct Investment in Korea
Ⅲ. Foreign Direct Investment Policy in Korea
1. Historical Overview of Foreign Direct Investment Policy
2. Trends in Foreign Direct Investment
3. Current Foreign Direct Investment Regime
4. Future Directions
Ⅳ. Overseas Direct Investment Policy in Korea
1. Historical Overview of Overseas Direct Investment Policy
2. Trends in Overseas Direct Investment
3. Current Overseas Direct Investment Regime
4. Future Directions
Ⅴ. Concluding Remarks
References
SummaryThe Korean government has implemented various liberalization measures for foreign direct investment (FDI) as one of the main sources for fostering economic development. FDI, particularly in high-tech industries, has been recognized as a catalyst to facilitate industrial restructuring of the Korea economy. Furthermore, it would also enhance Korea`s competitiveness in the international market since FDI tends to bring with it various advanced technologies. Liberalization of FDI in Korea has been paralleled by the government`s efforts to improve the domestic investment environment. Foreign firms operating in Korea have increasingly been given equal protection and fair treatment comparable to domestic firms, and foreign investors are now allowed to participate in a wider range of investment activities than ever before. All of these have resulted in freer and fairer competition in the Korean economy.