Policy Analyses
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Policy Analyses
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The Competitiveness of Agriculture in Japan and Political Implications on Korea-Japan FTA
The Governments of Korea and Japan commenced the negotiation of Korea-Japan Free Trade Agreement(FTA) emphasizing it as a model toward regional economic integration in December 2003. The negotiation, however, has been put on holda..
Yang-Hee Kim et al. Date 2008.12.30
Economic opening, Economic integrationDownloadContentSummaryThe Governments of Korea and Japan commenced the negotiation of Korea-Japan Free Trade Agreement(FTA) emphasizing it as a model toward regional economic integration in December 2003. The negotiation, however, has been put on holdafter the 6th meeting, attributing mainly to the Japanese side's lower tariff concession level of agricultural goods than the Korean side. (The rest is omitted.) -
A study on how to promote cooperation between Korea and Japan in enhancing energy efficiency
Energy and climate change issue is one of the most urgent global issues these days. Climate change negotiation is now under way through the UN negotiation process to form Post-2012 climate change regime. Korea is likely to be requ..
Sung Chun Jung et al. Date 2008.12.30
Energy industry, Environmental policyDownloadContentSummaryEnergy and climate change issue is one of the most urgent global issues these days. Climate change negotiation is now under way through the UN negotiation process to form Post-2012 climate change regime. Korea is likely to be required to make comparable contribution to global mitigation efforts. Stable energy supply is also a very important policy issue as newly growing emerging economies demand more amount of fossil fuels. Under the current situation, energy-saving activities and R&D on new and renewable energies are getting more important. (The rest is omitted.) -
Market-Oriented Economy Education in Transition Countries and Applicability of the Education Experience to North Korea
Market-oriented economy education in transition countries has been shaped according to different historical events in the international community. In spite of changes in the education, including curriculums, significance of the ed..
Myung-Chul CHO et al. Date 2008.12.30
Economic cooperation, North Korean economyDownloadContentSummaryMarket-oriented economy education in transition countries has been shaped according to different historical events in the international community. In spite of changes in the education, including curriculums, significance of the education has been consistently emphasized. North Korea has steadily participated in the market-oriented economic education provided by international organizations and/or
advanced countries since the 1990s, and types and ranges of the economic education of North Korea to participate in have been diversified and broadened, respectively. (The rest is omitted.) -
Changes in the Pattern of International Capital Movements and Financing of the Current Account Deficit of the United States
There have been vigorous discussions on the sustainability of global imbalance, which has been worsening since the middle of 1990s. The optimistic view on this issue is that the U.S. current account deficit can be smoothly finance..
Jonghwa Cho et al. Date 2008.12.30
Financial crisis, Exchange rateDownloadContentSummaryThere have been vigorous discussions on the sustainability of global imbalance, which has been worsening since the middle of 1990s. The optimistic view on this issue is that the U.S. current account deficit can be smoothly financed by capital flows from the surplus countries and the process of the imbalance adjustment will be harmonious. The pessimistic view is that the surplus countries are not willing to accumulate the U.S. financial products because of the decline in their profitability due to the dollar weakness. According to this view, the U.S. and the world economy may face risks of hard landing, and the process of adjustment of the global imbalance may not be smooth. (The rest is omitted.) -
FEZ development Strategy for Improvement of Investment Environment
Over the recent years, the competitiveness to foster business-friendly environment is intensifying. Both developed countries such as the United States, Ireland, Singapore and Hong Kong are promoting various plans to provide a soli..
Hyung gon Jung et al. Date 2008.12.30
Regulatory reform, Foreign direct investmentDownloadContentSummaryOver the recent years, the competitiveness to foster business-friendly environment is intensifying. Both developed countries such as the United States, Ireland, Singapore and Hong Kong are promoting various plans to provide a solid environment for businesses. Moreover, countries including China and the United Arab Emirates created special economic zones in efforts to ease regulations and to attract investment. As a result of such trends, concerns over Korea's low attractiveness for investment on special economic zones relative to other regions are escalating. This study reveals the future directions and improvements for free economic zones by analyzing basic conditions for attracting foreign investors in Korea, Shenzhen, developed countries like Singapore and Hong Kong, and Dubai, a city that is rapidly growing by attracting foreign investment. (The rest is omitted.) -
Development Cooperation for Economic Integration of East and South Asia
This study aims to analyze the rationale, trends, and scope of development cooperation in connection with economic integration, especially among countries in East and South Asia. It reviews the development of multilateral, regiona..
Kye Woo Lee Date 2008.12.23
Economic development, Economic integrationDownloadContentExecutive Summary
I. Introduction
II. Economic Integration and Regional Cooperation
III. Economic Integration and Development Cooperation
1. Multilateral Integration and Development Cooperation
2. Regional Integration and Development Cooperation
3. Trade Facilitation
IV. Trade Facilitation and Development Cooperation
1. Trade Facilitation and Growth
2. History of Aid-for-Trade
V. ODA for Trade: A Comparative Analysis
1. OECD Classification
2. A Comparative Analysis: Bilateral and Multilateral Aid for Trade
VI. Conclusion
ReferencesSummaryThis study aims to analyze the rationale, trends, and scope of development cooperation in connection with economic integration, especially among countries in East and South Asia. It reviews the development of multilateral, regional, and bilateral economic integration efforts and discusses the rationales for development cooperation in the context of economic integration. It then reviews the history and patterns of aid-for-trade around the world during the period 1973-2005, drawing lessons for future directions of aid-for-trade. -
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The EU's Policies on Climate Change and Their Implications
'Green Growth' and 'Green Business', which are new concepts growing in popularity, suggest a new paradigm for economic development, and the EU is the center of this growth. The EU is most actively implementing many measures for en..
Tae Hyun Oh Date 2008.11.10
Economic development, Environmental policyDownloadContentSummary'Green Growth' and 'Green Business', which are new concepts growing in popularity, suggest a new paradigm for economic development, and the EU is the center of this growth.
The EU is most actively implementing many measures for environmental protection and sustainable development. The EU uses the Eco-label, environmental tax, environmental monitoring system, CE mark, and so on. The EU tries to prevent cliamte change particularly via the incentive mechanism of price rather than direct regulation. Therefore, the EU is the best benchmarking target for the Korea to implement policy to prevent climate change and a policy of pro-environmental energy.(The rest is omitted.) -
Real Exchange Rate Dynamics in the Presence of Nontraded Goods and Transaction Costs
The Purchasing Price Parity states that international relative price differentials should be arbitraged away so that identical goods in different countries should sell for the same price, when expressed in a common currency. Yet t..
Inkoo Lee et al. Date 2008.10.21
Exchange rateDownloadContentAbstract
I. Introduction
II. The Model
1. The Economic Environment
2. The Relative Prices of the Traded and Nontraded Goods
3. The Real Exchange Rate
III. Quantitative Evaluation
1. Calibration
2. The Results
3. Sensitivity Analysis
IV. Conclusions
References
AppendixSummaryThe Purchasing Price Parity states that international relative price differentials should be arbitraged away so that identical goods in different countries should sell for the same price, when expressed in a common currency. Yet the evidence from the empirical literature shows that not only are relative prices quite different across countries, but also such deviations are highly volatile and persistent. These characteristics of the real exchange rate have been the central puzzle in international macroeconomics literature, with the source of the puzzling behavior remaining unclear. (The rest is omitted.) -
Eurasian Economic Community (EurAsEC): Legal Aspects of Regional Trade Integration
The Eurasian Economic Community (EurAsEC) is an international economic organization designed to effectively promote the formation of a customs union and a single economic space among six CIS countries: Belarus, Kazakhstan, Kyrgyzs..
Sherzod Shadikhodjaev Date 2008.09.30
Economic integration, Trade policyDownloadContentContents
I. Introduction
II. The EurAsEC as an International Economic Organization
1. International Personality
2. Membership
3. Structure
4. Decision-Making
III. Free Trade Regime
IV. Formation of a Customs Union
1. Common Customs Tariff
2. Unification of Trade Regimes vis-à-vis Third Countries
3. Common Customs Policy
4. Trade Remedies
5. Non-Tariff Regulatory Measures
6. Rules of Origin
7. Dispute Settlement
V. The EurAsEC and the WTO
1. WTO Accession of EurAsEC Members
2. WTO-Compatibility of the EurAsEC Customs Union
VI. Conclusion
References
AppendixSummaryThe Eurasian Economic Community (EurAsEC) is an international economic organization designed to effectively promote the formation of a customs union and a single economic space among six CIS countries: Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. Moldova, Ukraine, and Armenia have observer status. (The rest is omitted.)