Policy Analyses
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Policy Analyses
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A Critical Assessment of India's Banking Sector Reform
Development in the financial sector, in particular, the banking sector, plays a key role in stimulating and stabilizing economic growth. Since the foreign exchange crisis in 1991, India has undertaken banking sector reforms. (The ..
Tae Hwan Yoo Date 2004.10.04
Financial systemDownloadContentSummaryDevelopment in the financial sector, in particular, the banking sector, plays a key role in stimulating and stabilizing economic growth. Since the foreign exchange crisis in 1991, India has undertaken banking sector reforms. (The rest is omitted.) -
Strengthening Economic Cooperation in Northeast Asia
The end of the Cold War signaled a new era in Northeast Asian economic cooperation, leading trade and investment to increase substantially in the 1990s. However, given the characteristics of Northeast Asia, such as different polit..
Edited by Yoon Hyung Kim et al. Date 2004.09.30
Economic integration, Economic cooperationDownloadContentSummaryThe end of the Cold War signaled a new era in Northeast Asian economic cooperation, leading trade and investment to increase substantially in the 1990s. However, given the characteristics of Northeast Asia, such as different political and economic systems, disparate levels of economic development and historical remnants, until recently, regional economic integration was essentially driven by market forces without any organized efforts from the central governments to enhance regional economic cooperation. Therefore, Northeast Asia still lags behind the other major regions in terms of regional economic cooperation and there is still no regional economic cooperation body let alone a regional trade agreement among the Northeast Asian economies. (The rest is omitted.) -
Revisiting the Open Regionalism of APEC
Regionalism in the Asia-Pacific shows peculiar features and distinctive patterns. Despite remarkable economic and political developments in the second half of the 20th century, the Asia-Pacific region remains slow in institutional..
Seok-young CHOI Date 2004.09.20
Economic cooperationDownloadContentSummaryRegionalism in the Asia-Pacific shows peculiar features and distinctive patterns. Despite remarkable economic and political developments in the second half of the 20th century, the Asia-Pacific region remains slow in institutionalizing regional cooperation. Political rivalry, historical animosities, ideological tensions, disparities in levels of development as well as cultural differences have been identified as potential barriers to cooperation. (The rest is omitted.) -
Understanding Economy and Politics of Today's Russia
Yeo-Cheon Jeong Date 2004.09.08
Economic development -
Finance and Economic Development in Korea
This paper focuses on the following two issues. First, the paper investigates the extent to which financial development has contributed to economic growth in Korea. For this purpose, we introduce four well-known financial developm..
Yung Chul Park et al. Date 2004.08.30
Economic development, Financial policyDownloadContentSummaryThis paper focuses on the following two issues. First, the paper investigates the extent to which financial development has contributed to economic growth in Korea. For this purpose, we introduce four well-known financial development indicators, and seek to find a long-run relationship between output growth and financial development. Second, the effects of financial repression on economic growth are examined. A financial repression index is constructed based on five related measures, and this index is augmented to the growth-finance equation. (The rest is omitted.) -
The Prospects of the Trade and FDI in Central and Eastern Europe after EU Enlargement
Ten new member states (Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia and Slovenia) joined the EU on May 1. This means that the EU is now comprised of 25 of the 191 sovereign states of the..
Cheol-Won Lee Date 2004.08.30
Economic integrationDownloadContentSummaryTen new member states (Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia and Slovenia) joined the EU on May 1. This means that the EU is now comprised of 25 of the 191 sovereign states of the world. The old EU had 380 million inhabitants, and enlargement added another 75 million people, an increase of 20%. Thus the enlarged EU has 455 million inhabitants. Also enlargement contributed little to the total GDP of the EU which increased to about 9,600 billion ?, an increase of 5%. (The rest is omitted.) -
Expansion Strategies of South Korean Multinationals
The purpose of this paper is to study the motivations of South Korean foreign direct investment. Using recent, detailed data on a selective sample of South Korean multinational firms, I examined the export and import behavior of t..
Hongshik Lee Date 2004.08.25
Overseas direct investmentDownloadContentSummaryThe purpose of this paper is to study the motivations of South Korean foreign direct investment. Using recent, detailed data on a selective sample of South Korean multinational firms, I examined the export and import behavior of the affiliates abroad of South Korean multinational corporations. In doing so, I investigated, on the one hand, to what extent multinational activity is consistent with the factor proportions theory, i.e., to what extent multinational activity is related to cheap factor supplies. (The rest is omitted.) -
North Korea Development Report 2003/04
As a result of North Korea's isolation from the outside world, international communities know little about the status of the North Korean economy and its management mechanisms. Although a few recent changes in North Korea's econom..
Date 2004.07.30
Economic cooperation, North Korean economyDownloadContentPart I Macroeconomic Status and Finance Chapter 1 Current Status of the North Korean Economy and Its Prospects Chapter 2 National Financial Revenue and Expenditure Chapter 3 Banking and Price Management Part II Industrial Management and Problems Chapter 4 The Industrial Sector Chapter 5 The Agricultural Sector Chapter 6 Social Overhead Capital Chapter 7 Commerce and Distribution Sector Chapter 8 The Defense Industry Part III International Economic Activities Chapter 9 Foreign Economic Relations Chapter 10 Special Economic Zones Chapter 11 Inter-Korean Economic Relations Part IV Social Security and Technology Development Chapter 12 Social Security and Social Services Chapter 13 Science and Technology Sector Part V The Recent Economic Policy Changes Chapter 14 The Contents and Background for the Recent Policy Changes Chapter 15 The Features and Problems of the Recent Economic Policy Changes Chapter 16 Prospects and Future Tasks of the July 1 Economic ReformSummaryAs a result of North Korea's isolation from the outside world, international communities know little about the status of the North Korean economy and its management mechanisms. Although a few recent changes in North Korea's economic system have attracted international interests, much confusion remains as to the characteristics of North Korea's recent policy changes and its future direction due to the lack of information. Therefore, in order to increase the understanding of readers in South Korea and abroad, KIEP is releasing The North Korea Development Report in both Korean and English. The motivation behind this report stemmed from the need for a comprehensive and systematic investigation into North Korea's socio-economic conditions, while presenting the current status of its industrial sectors and inter-Korean economic cooperation. The publishing of this second volume is important because it not only supplements the findings of the first edition, but also updates the recent changes in the North Korean economy. The topics in this report include macroeconomics and finance, industry and infrastructure, foreign economic relations and inter-Korean economic cooperation, social welfare and science & technology. This report also covers the 'July 1 Economic Reform' launched two years ago and subsequent changes in the economic management system. The North Korea Development Report helps to improve the understanding of the contemporary North Korean economy. -
2003/04 북한경제백서
As a result of North Korea's isolation from the outside world, international communities know little about the status of the North Korean economy and its management mechanisms. Although a few recent changes in North Korea's econom..
KIEP Date 2004.07.30
Economic cooperation, North Korean economyDownloadContentPart I Macroeconomic Status and Finance
Chapter 1 Current Status of the North Korean Economy and Its Prospects
Chapter 2 National Financial Revenue and Expenditure
Chapter 3 Banking and Price Management
Part II Industrial Management and Problems
Chapter 4 The Industrial Sector
Chapter 5 The Agricultural Sector
Chapter 6 Social Overhead Capital
Chapter 7 Commerce and Distribution Sector
Chapter 8 The Defense Industry
Part III International Economic Activities
Chapter 9 Foreign Economic Relations
Chapter 10 Special Economic Zones
Chapter 11 Inter-Korean Economic Relations
Part IV Social Security and Technology Development
Chapter 12 Social Security and Social Services
Chapter 13 Science and Technology Sector
Part V The Recent Economic Policy Changes
Chapter 14 The Contents and Background for the Recent Policy Changes
Chapter 15 The Features and Problems of the Recent Economic Policy Changes
Chapter 16 Prospects and Future Tasks of the July 1 Economic ReformSummaryAs a result of North Korea's isolation from the outside world, international communities know little about the status of the North Korean economy and its management mechanisms. Although a few recent changes in North Korea's economic system have attracted international interests, much confusion remains as to the characteristics of North Korea's recent policy changes and its future direction due to the lack of information. Therefore, in order to increase the understanding of readers in South Korea and abroad, KIEP is releasing The North Korea Development Report in both Korean and English. The motivation behind this report stemmed from the need for a comprehensive and systematic investigation into North Korea's socio-economic conditions, while presenting the current status of its industrial sectors and inter-Korean economic cooperation. (The rest is omitted.) -
E-Finance Development in Korea
E-finance in Korea has evolved since the late 1980s, when developments in information and telecommunication technology started to be applied to the financial industry. Since the 1990s, e-finance has led a paradigm shift in the fin..
Choong Yong Ahn et al. Date 2004.07.25
Financial systemDownloadContentSummaryE-finance in Korea has evolved since the late 1980s, when developments in information and telecommunication technology started to be applied to the financial industry. Since the 1990s, e-finance has led a paradigm shift in the financial industry as financial transactions in computer-based tools began increasing. There are several factors that contributed to e-finance development. Korea possesses the basic requisite conditions to foster thriving e-finance, including an advanced IT infrastructure, several government e-commerce initiatives and financial restructuring resulting from the financial crisis. In fact, all of these factors have eliminated possible impediments to the development of e-finance in developing countries. (The rest is omitted.)