Policy Reference
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Policy Reference
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Review of Invetment Regime for Binding APEC Investment Principles
Sang-Kyom Kim Date 1996.12.28
Economic cooperation, Foreign direct investment -
Standards, Conformance and Technical Barriers to Trade: EU's Experience and Implications for APEC
Chan-Hyun Sohn et al. Date 1996.12.28
Technical cooperation -
Medium Term Forecast of Korea's Trade Structure and the Macroeconomy Using the CGE Model
This study forecasts Korea's trade and economy for 2000 using the Computable General Equilibrium (CGE) model. It performs an inferential simulation of the economy using macroeconomic and industrial variables, then it undergoes a p..
Suk-Ung Moon et al. Date 1996.12.28
Trade structureDownloadContentSummaryThis study forecasts Korea's trade and economy for 2000 using the Computable General Equilibrium (CGE) model. It performs an inferential simulation of the economy using macroeconomic and industrial variables, then it undergoes a process of estimate simulation.
The inferential simulation is analyzed and updated to an input-output table on changes from 1990 to 1995 using the CGE model. Using the estimate simulation, scenarios are set up to suggest flexible and well-considered perspectives. These analyses verify the adequacy of whether the prospects given by the CGE model can be realized and suggest micro- and macroeconomic policy. -
Study of Economic Feasibility in Establishing Korea's Small Scale FTZ
Regionalism has recently spread rapidly all over the world despite fears of multilateral formation having negative effect. Since the WTO began operation in 1995, discussions on 35 new regional trade agreements have been held.In ad..
Tae-Hyung Kim et al. Date 1996.12.28
Free tradeDownloadContentSummaryRegionalism has recently spread rapidly all over the world despite fears of multilateral formation having negative effect. Since the WTO began operation in 1995, discussions on 35 new regional trade agreements have been held.In addition, new proposals about the linkage and integration of regional trade agreements are on rise. In particular, there have been moves to enlarge the EU, NAFTA, AFTA and MERCOSUR.
In Europe, discussions on enlarging the EU have accelerated and multilateral agreements have spread to South America (EU-MERCOSUR FTA). The foundation of TAFTA (Trans-Atlantic Free Trade Area) between North America and Europe is also in the process of being discussed, and CER (Closer Economic Relations) is actively driving a partnership between AFTA and MERCOSUR.Accordingly, discussions on free trade agreements are going to progress further. -
Korean Literature on Chinese Politics and Economy: A Survey
The purpose of this book is to help build a consensus on the necessity and means of an area study by examining the current status of Chinese politics, foreign relations, security, economics and its open-economy policy, suggesting ..
Co-authors Date 1996.12.28
DownloadContentSummaryThe purpose of this book is to help build a consensus on the necessity and means of an area study by examining the current status of Chinese politics, foreign relations, security, economics and its open-economy policy, suggesting Korean implications.
The importance and political necessity on regional study has been highlighted in the age of limitless competition. So far, regional studies have had a tendency to follow the example of developed economies such as the U.S, Japan and European countries. This study method has limitations, thus, there is an urgent problem to establish an overseas regional study system based on its own view and standpoint. -
Study on the Possibility of the Introduction of GSP
The Generalized System of Preferences (GSP), devised by the United Nations Conference on Trade and Development, aims at facilitating economic development of developing nations by giving them preferential tariffs on processed goods..
Nam-Doo Kim Date 1996.12.28
TariffsDownloadContentSummaryThe Generalized System of Preferences (GSP), devised by the United Nations Conference on Trade and Development, aims at facilitating economic development of developing nations by giving them preferential tariffs on processed goods and commodities. However, as some donor countries have changed the content and scope of their preferential margins for their own economic motives, the GSP system is seen to substantially damage long-term stability. Given the system related to GSP and recent trends, the prospect of GSP is not more optimistic than ever. -
North Korea and its Reform Process
This study outlines North Korea's policy direction for pricing reforms, including the control and distribution of profits. North Korea price reforms included the formation of a market system; the reform and establishment of state-..
Myung-Chul Cho Date 1996.12.28
Economic reform, North Korean economyDownloadContentSummaryThis study outlines North Korea's policy direction for pricing reforms, including the control and distribution of profits. North Korea price reforms included the formation of a market system; the reform and establishment of state-owned distribution; linkage with domestic and foreign distribution markets through market opening; and adopting a macro-management distribution system. In addition, this study recommends that the North Korea government implement price liberalization from cooperative enterprises to state-owned enterprises by relaxing government regulations. -
The Structural Changes of International Finance Markets and the Implications
This paper examines the internal and external structural changes observed in international finance markets and their implications for international economic trends.The internal and external financial environment has recently under..
Cheong-Gu Cho Date 1996.12.28
Financial liberalizationDownloadContentSummaryThis paper examines the internal and external structural changes observed in international finance markets and their implications for international economic trends.
The internal and external financial environment has recently undergone rapid changes. First, in terms of the external financial environment, globalization has deepened through financial liberalization and advances in information and communication technology. Financial globalization has also been accelerated by the conversion of deposits into securities, facilitated by the deregulation of financial institutions and the strengthening regulations on equity-owned capital.
These changes resulted in sharp declines in asset value, a dramatic fluctuation in exchange rates, currency and foreign debt crises in emerging countries and financial casualties in advanced and emerging countries.
Accordingly, financial supervisory bodies in major developed countries, including the Bank for International Settlements, are trying to protect investors by guaranteeing sound commercial banking and build an international cooperative system to promote stability and international standards.
Second, domestic financial conditions have also changed. The Korean government has pursued a series of financial liberalization measures including introducing a floating exchange rate in 1990 and reforming the foreign exchange rate system to raise the effectiveness of financial management and increase the competitiveness of the finance industry. -
A Study on the Anti-dumping Measures of 3 Countries(United States, Canada and Korea) on Non-market Economies: the Case of China
This paper examines price in non-market economies, in particular, price in China, which is not decided following the principles of supply and demand, reflecting the scarcity of value. At the beginning of price reform, China faced ..
Wan-Sun Kim et al. Date 1996.12.28
Anti-dumping systemDownloadContentSummaryThis paper examines price in non-market economies, in particular, price in China, which is not decided following the principles of supply and demand, reflecting the scarcity of value.
At the beginning of price reform, China faced criticism over its price policy, but the central government neither adopted a single price policy nor deregulated it.
China's price reform policy of 1979 followed a two-tier price system: both administrative and market price. Price liberalization began when the two-tier price system was initiated. A quota of goods produced on farms and at government-owned enterprises was bought at the administrative price while other producers were able to sell market price. This two-tier price policy contributed to increasing the price efficiency toward actual output. -
An Analysis of Privatization of Public Enterprises in Mexico
Hyung-Soo Kim Date 1996.12.26
Economic reform