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Working Papers
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The Status of the Auto Industry in China, and China-Korea Cooperation
Jong-Seuk An Date 1994.09.30
Economic cooperation, Industrial policy -
Regional Policy and Economic Development Strategy of China
Soo-Woong Choi Date 1994.09.30
Economic development, Economic development -
Korea under the New World Trade System
As Director-General Sutherland pointed out, the Korean economy has benefited from the trade system of GATT during its rapid growth. But since the middle of the 1970s, circumstances began to change. In other words, even though the ..
Chan Hyun Sohn ed. Date 1994.09.30
Multilateral negotiationsDownloadContentSummaryAs Director-General Sutherland pointed out, the Korean economy has benefited from the trade system of GATT during its rapid growth. But since the middle of the 1970s, circumstances began to change. In other words, even though the Korean economy gained from the expansion of international trade, it had to overcome the losses resulting from market opening pressure by industrialized countries and from the spread of protectionism.
The result of UR will also affect the Korean economy positively and negatively. Mr.Sutherland argues that all countries will equally benefit from the result of UR without any winners or losers. However, this observation is true only in the long run and if the concerned countries pursue relevant domestic economic policies which are required for the readjustment. In the short-and middle-term, a considerable cost may accrue to the economy during the process of structural adjustment.
Following the conclusion of UR, the Korean economy is experiencing policy adjustments in the areas of both government and enterprise. From a practical standpoint, a heavy fiscal burden will be placed on the Korean economy as it initiates tentative cultural reforms. In addition, as far as the service sector is concerned, Mr.Sutherland mentioned that the Korean construction sector has high level of competitiveness;however this presumption cannot be extended to other services such as distribution, finance and communication, etc. -
Privatization of State-Owned Enterprises in Eastern European Countries: Privatization Policy and Laws
Gye-Pan Kim Date 1994.09.28
Economic reform -
Development of Foreign Trade Relations between Korea and Russia
The purpose of this paper is to evaluate the current state and future prospects of economic cooperation between Korea and Russia, focusing on foreign trade relations. In the first part of this paper, the current state of reforms i..
Jaehoon Park Date 1994.08.30
Economic relations, Trade policyDownloadContentContents
I. Introduction
II. Liberalization of Russian Foreign Trade
II.1 Reforms of Russian Foreign Trade System
II.2. Trends in Russian Foreign Trade
III. Korea-Russian Trade Trends
III.1 General Trends
III.2 Trends in Korea-Russian Trade by Commodity Composition
IV. Problems and Prospects of Korea-Russian Trade
IV.1 Problems in Korea-Russian Trade
IV.2. Prospects for Korea-Russian Trade
References
SummaryThe purpose of this paper is to evaluate the current state and future prospects of economic cooperation between Korea and Russia, focusing on foreign trade relations. In the first part of this paper, the current state of reforms in Russian foreign trade will be summarized The second part will analyze the current state of Korea-Russian trade, including trends both general and those based on commodity composition. Finally, the problems and prospects of trade between the two countries will be discussed. -
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Key Laws and Regulations Regarding Korea-Russia Cooperative Projects
Seung-Weon Suh et al. Date 1994.07.21
Economic relations, Economic cooperation -
The New World Trade Order under WTO System
To strengthen the multilateral system, the WTO was founded by the UR agreements and replaced GATT system. As with GATT, WTO is expected to contribute to establishing the international trading system in the future, having legal bin..
Co-authors Date 1994.07.05
Trade policyDownloadContentSummaryTo strengthen the multilateral system, the WTO was founded by the UR agreements and replaced GATT system. As with GATT, WTO is expected to contribute to establishing the international trading system in the future, having legal binding force in dispute settlement procedures and decision-making.
Although there are fears linked to the liberalization of trade in agricultural products and services as well as the strengthening of subsidies regulations, the WTO is expected to have a positive effect on the world market owing to sharp cuts in tariffs and the removal of non-tariff barriers to principal trading partners, enhancing transparency of rules and provisions such as anti-dumping and safeguard.
This study covers agreements on Technical Barriers to Trade (TBT), customs valuation, import licensing procedures, subsidies and countervailing measures, rules of origin and government procurement. In addition, there has have new agreements related to sanitary and phytosanitary measures, trade-related investment measures, pre-shipment inspection, rules of origin and safeguards. -
Current Status and Prospects for Korea-Russian Economic Cooperation
The rapprochement between Korea and the Soviet Union in the late 1980s unveiled the Soviet Union to Koreans for the first time in decades. In fact, trade between the two countries grew quickly, initiated by Korean businessmen who ..
ChangJae Lee Date 1994.07.01
Economic cooperationDownloadContentContents
I. Introduction
II. Current Status of Korea-Russian Economic Cooperation
Trade
Investments
Science and Technology Cooperation
Other Areas of Economic Cooperation
III. Obstacles to Korea-Russian Economic Cooperation
IV. Possibilities and Prospects for Korea-Russian Economic Cooperation
Long-term Possibilities for Korea-Russian Economic Cooperation
Short-term Prospects for Korea-Russian Economic Cooperation
V. Conclusion
References
SummaryThe rapprochement between Korea and the Soviet Union in the late 1980s unveiled the Soviet Union to Koreans for the first time in decades. In fact, trade between the two countries grew quickly, initiated by Korean businessmen who were also very active in searching for investment opportunities in the Soviet Union. Furthermore, in January 1991, Korea pledged to provide the Soviet Union with a US$3 billion economic cooperation fund over a three-year period.
However, the disintegration of the Soviet Union at the end of 1991, as well as political instabilities and economic deterioration of the Russian economy that followed, constituted very serious obstacles to the further development of the economic cooperation between Korea and Russia. In addition, the fact that Russia was unable to service Korean loans made the Korean public very skeptical as to whether economic cooperation with Russia was in Korea's best interest.
How serious is the recent slowdown in Korea-Russian economic cooperation; First, this paper will try to answer this question by reviewing the evolution of economic ties between the two countries, concentrating on their bilateral trade and direct investments. Furthermore, this paper will attempt to find the causes of the recent malaise in bilateral economic cooperation by analyzing the obstacles to it. In the last section of this paper, both long-term possibilities and short-term prospects for Korea-Russian economic cooperation will be discussed.
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A New Direction for Economic Cooperation between Korea and China
The Korea Institute for International Economic Policy co-hosted an international seminar with CITIC on 'A New Direction for Economic Cooperation between Korea and China.' The objective of this seminar was to share views on the pro..
Si-Joong Kim ed. Date 1994.06.25
Economic cooperationDownloadContentSummaryThe Korea Institute for International Economic Policy co-hosted an international seminar with CITIC on 'A New Direction for Economic Cooperation between Korea and China.'
The objective of this seminar was to share views on the progress of economic cooperation between Korea and China and to deliberate on the policy implementations that would effectively promote trade, investment and science technology between the two nations. In addition, it was an attempt to contribute to increase the mutual understanding between the two nations.