Working Papers
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Working Papers
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Tumen River Development Project and Its Effect on the Korean Peninsula
Ick-Soo Kim Date 1994.12.28
Economic development, North Korean economy -
U.S. Trade Policy, and Stategies toward East Asia's Economic Liberalization
Sang-Kyom Kim Date 1994.12.28
Trade policy, Free trade -
Trends and Issues in Environmental Protection in Northeast Asia
Tack-Whan Han Date 1994.12.28
Economic cooperation, Environmental policy -
AFTA, and Korea's Trade Policies
Sang-Myeon Oh Date 1994.12.28
Economic relations, Trade policy, Free trade -
Financial Market supervision, and Implications
Jong-Hwa Cho Date 1994.12.28
Financial policy, Financial system -
Economic Reforms in Russia, and Implications for Local Economies
Chang-Jae Lee Date 1994.12.28
Economic reform -
Exports and Foreign Direct Investment in the Globalization Era
June-Dong Kim Date 1994.12.28
Trade policy, Overseas direct investment -
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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.