RESEARCH
Policy Analyses
-
Internationalization ot the Services Industry
Yun-Jong Wang Date 1994.12.28
Economic Opening, Industrial Policy -
Foreign Direct Investment in ASEAN and Its Implications for Korea
This paper emphasizes that Foreign Direct Investment (FDI) plays an important role in the process of economic development and has a great effect on technology transfer among nations.In the early stages of FDI, focus tends to be on..
Jae Bong Ro Date 1994.12.28
Economic Integration, Economic CooperationDownloadContentSummaryThis paper emphasizes that Foreign Direct Investment (FDI) plays an important role in the process of economic development and has a great effect on technology transfer among nations.
In the early stages of FDI, focus tends to be on labor-oriented businesses, therefore FDI promotes employment. After a degree of industrialization, FDI contributes to industrial growth in capital and technology-oriented businesses.Therefore, ASEAN nations have made efforts to introduce FDI by improving the investment environment through tax deductions or the facilitation of the movement of capital.
The Korean government has neglected to attract FDI so far compared with other AEAN nations, but this will have to change if the Korean government is to cope with the changes in the world economy. Despite the agreements made in the Uruguay Round, regionalism has spread rapidly and advanced nations will be increasingly protective of their technology.
Accordingly, this report points out that in order to overcome this situation Korea has to make a substantial effort to improve the environment for FDI. In particular, the government should take the examples given by ASEAN nations in successfully promoting economic development through inducing FDI. -
Policies for Northeast Asia Economic Cooperation in the Twenty-first Century
This paper predicts that Korea will rise to become one of the 10th largest economies in the world in the 21st Century. As Korea's neighbors have market (Japan, Korea), technology (Japan, Russia), capital (Japan), labor (China) and..
Chang Jae Lee Date 1994.12.28
Economic CooperationDownloadContentSummaryThis paper predicts that Korea will rise to become one of the 10th largest economies in the world in the 21st Century. As Korea's neighbors have market (Japan, Korea), technology (Japan, Russia), capital (Japan), labor (China) and natural resources (Russia), that it can develop continuously. With political and military conflict settled and barriers to trade and investment lowered, it is expected that trade with Northeast Asia nations will increase.
Furthermore, this paper proposes that Korea will secure a leading position in the world economy based on its geographical location, playing a channel role in Northeast Asia because of its economic size and the development of technology and communications.
This paper mentions that in order to promote economic cooperation in Northeast Asia, Korea will develop a new economic bloc, providing an avenue for foreign companies to target the Northeast Asian market. -
1995 World Economic Outlook and Korea's International Economic Policies
Co-authors Date 1994.12.26
Economic Development, Economic Outlook -
-
Developed Countries'Economic Cooperation with India and Trends in Korea-India Cooperation
Choong-Jae Cho Date 1994.12.09
Economic Cooperation -
-
-
Progress in the UN's Commission on Sustainable Development, and Policy Measures
Ho-Saeng Rhee Date 1994.11.30
Environmental Policy -
Technology Transfer Effects from Foreign Direct Investment
This report clarifies how developing nations try to induce foreign direct investment (FDI). First, FDI can promote technology by becoming a channel for technology transfer. Second, FDI efficiently allocates capital resources for e..
Yunjong Wang Date 1994.11.30
Technical Cooperation, Foreign InvestmentDownloadContentSummaryThis report clarifies how developing nations try to induce foreign direct investment (FDI). First, FDI can promote technology by becoming a channel for technology transfer. Second, FDI efficiently allocates capital resources for economic development. Third, as developing nations have abundant labor, influx of capital can create employment through on-the-spot employment.
This report emphasizes that FDI would have not an effect on the creation of employment micro-economically as much as raise technology in the domestic industry by transferring ultimately indispensable technology for industrial development.
This report says that Korea's FDI has been inactive compared to other developing nations, but since the 1980s, Korea's FDI has changed from direct investment in producing centers to market investment due to the growth and opening of Korea's economy.
Accordingly, this report notes that market-oriented or advanced direct investment will contribute to improving the constitution of Korea's economy, industrializing the economic structure and strengthening its international competitiveness. Together, Korea's companies should promote their advanced knowledge and systems in accordance with global and international trends.