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An Analysis on Trade Patterns with Chile after the Korea-Chile FTA
For five months since the implementation of the Korea-Chile FTA, import has recorded $800 million with 89.9% of increase, while export increased by 37.9% recording $290 million. The following trade deficit has amounted up to $510 ..
Jun Gu Kang et al. Date 2004.12.20
Free tradeDownloadContentSummaryFor five months since the implementation of the Korea-Chile FTA, import has recorded $800 million with 89.9% of increase, while export increased by 37.9% recording $290 million. The following trade deficit has amounted up to $510 million, which was a great increase of 140.8% compared with last year. This brought about many doubts about the FTA with Chile. (The rest is omitted.) -
The 5th World Knowledge Forum: Partnership for Renewed Growth (Volume II)
KIEP Date 2004.12.15
Economic development, Economic cooperationDownloadContentStrengthening the Resilience of Asian Economices in the Global Context / Paul E. Atkinson
Challenges for East Asia's Sustained Growth / Lee, Jong-Wha
Growth Strangies, Supply Side Policies and Exchange Rates in a Growing Economy
Knowledge Management at Samsung SDS / Park, June Sung
The limit is Imagination : The Knowledge Management journey at Wipro Technolegies / Raghunath Thali
The Evolution of E-government : The Use Mobile Devices and Wireless Technology to Create Ubiquitous Government Services / Alexander Settles
Towards Ubiquitous Government / Ari-Veikko Anttiolko
U-Government / Arnoud De Meyer
The Knowing-Doing Gap : How Smart Companies Turn Knowledge into Action / Robert I. Sutton
KM At Tata Steel
Knowledge Management at Infosys
SONY Create New Reading Style by Librie, BBeB & Time Book Town
E-land Knowledge Management / Chang, Kwang-Gyu
China Vision and Strategy : Perspectives by Chinese Enterprises / Houqi Zhang
Building Success in the China Marketplace
Exploring Private Equity in Egypt
"Private Equlty in Non-US Markets : An IKED Perspective on the Nordic Development"
The German Economic Selerosis : Cyclical, Structural, Surmountable? / Rolf J. Langhammer
BALANCED DEVELOPMENT AMONG REGIONS : The Italian Experience / Alberto Majocchi
KOREA DEVELOPMENT INSTITUTE WORLD KNOWLEDGE FORUM 13 OCTOBER 2004 EMPLOYMENT POLYCY IN THE UNITED KINGDOM
부록 1. 각 sessionxx별 국ㆍ영문 요약
부록 2. 세계지식포럼 관련기사Summary -
The 5th World Knowledge Forum: Partnership for Renewed Growth (Volume I)
KIEP Date 2004.12.15
Economic development, Economic cooperationDownloadContentThe World Knowledge Forum Bridging the East and the West : Why We Need the Partneship for Renewed Growth
제5회 세계지식포럼 대통령 영상메시지
Partnetship for Renewed Growth : The Honouorable Donald J.Johnston Secretary-Generla Organisation for Economic Co-operation and Development
Mapping Global Issues and Rebuilding Growth Strategy
BULDING A HIGH PERFORMANCE CULTURE / Robert Ball
WOMEN ENTREPRENEURSHIP AND ICT / Laina Raveendran Greene
FREE AND YOUNG : PROGRAMS FOR WOMEN ENTREPRENEURSHIP / Jasmine Yang
IKED-GKP joint panel : Women Entrepreneurship and ICT / Thomas Andersson
The Ethics and Politics of Stem Cell Research / Thomas H. Murray
Realizing The Clinical Potentials Of Immune-Matched Stem Cells, While Preventing Unethical Human Reproductive Cloning / Gerald Schatten
Government Innovation In Korea : The Outcomes and Challenges / Choi, Yann-sik
Government, Business and Civil Society Partnership : Cases of Government Innovation / G. Shabbir Cheema
The Challenges of Collaborative Governance / John D. Donahue
Loyalty Management : One Number You Need to Grow / Fred Reichheld
Outsourcing Practices : Benchmarking the Logistics and EMS Industries / Enver Yu쮋esan
WTO, China, Roles That Public Relations Can Play in Branding / Li Hong
Welcome to China! : "Now tell us who you are and why you are here..."
華商經濟的發展及其互動關係 / 丁楷恩
Thoughts on : Chinese Economies & their Mutually Interacting Relationship / David K. Tse
The Role of Overseas Chinese Entrepreneurs in East Asian Economic Integration / Vincent C. Siew
Globalism and Regionalism / Fukaya, Takeshi
Leading Change : Managing Transformmation : A Collaborative Approach to Achieving and Sustaining High Performance / Thomas H. Cook
LEADING CHANGE : MANAGING TRANSFORMATION
How to Achieve World-Class Universities in Korea / Lee, Ki-Jun
Challenges of Knowledge Revolution for Tertiary Education / Carl Dahlman
Towards the Urban Future : Linking Tomorrow and the Past / Joel Kotkin
Requisites for Future Development of the Korean Financial Services Industry / Hwang, Young-Key
Risk in Financial Services in the 21^st Century / Colin Lawrence
Base II and The Evolution of Risk Management / Pierre Pourquery
Could the Korean Financial Organizations break through the impact from Basel II ?
Implications of Basel II for the Korean Banking Industry / Choi, Gongpil
Basel II Agreement and Strategic Preparedness by Korean Financial Community / Choi, Myung-Ju
Korean Bank Franchise Enhancement Through M&A / David J. Kim
M&A in the Financial Services Sector / Morgan Stanley
ICT for Asian Prosperity / Chin, Daeje
Korea Heading Toward Ubiquitous Society / Chin, DaejeSummary -
Financial Supervision System in the EU: Recent Developments and Assessments
The possibility of systemic risk in the financial market of the European Union (EU) has enhanced with the rapid integration of the financial market and the advent of financial conglomeration. (The rest is omitted.)
Eun Kyung Kim et al. Date 2004.12.05
Financial systemDownloadContentSummaryThe possibility of systemic risk in the financial market of the European Union (EU) has enhanced with the rapid integration of the financial market and the advent of financial conglomeration. (The rest is omitted.) -
Evaluation of NAFTA at Ten: Implications for Korea's FTA Policies
The North American Free Trade Agreement (NAFTA) has recently completed its first decade. As an unusual FTA between industrial countries and a developing country, NAFTA has significant implications for future FTAs across the world...
Won-Ho Kim et al. Date 2004.11.30
Economic integration, Trade policyDownloadContentSummaryThe North American Free Trade Agreement (NAFTA) has recently completed its first decade. As an unusual FTA between industrial countries and a developing country, NAFTA has significant implications for future FTAs across the world. Korea, currently negotiating an FTA with Japan, and aiming at FTAs with U.S. and China, should learn from NAFTA's performance. (The rest is omitted.) -
Current Status and Future Direction of Economic Cooperation between China, Japan and Korea Related to a Possible CJK FTA
Given the worldwide proliferation of regional trade agreements combined with and rising interests of Northeast Asian countries in free trade agreements (FTAs)has led to the emergence of a possible , a FTA between China, Japan and ..
Chang Jae Lee et al. Date 2004.11.30
Economic cooperation, Free tradeDownloadContentSummaryGiven the worldwide proliferation of regional trade agreements combined with and rising interests of Northeast Asian countries in free trade agreements (FTAs)has led to the emergence of a possible , a FTA between China, Japan and Korea. has emerged as a long-term possibility. Although On the one hand, there are still many obstacles to a CJK FTA, and on the other hand, its effect, if a CJK FTA is realized, will go beyond the trade related issues. In this volume, many specialists address broader issues related to a CJK FTA, i.e. economic cooperation between the three countries in diverse area such as trade and investment, customs cooperation, IT sector, science and technology, transportation, energy and environment cooperation. (The rest is omitted.) -
An Analysis on Trade Rules of Korea, Japan and China: Implications on an FTA among Three Countries
This study investigates how a Free Trade Agreement (FTA) among Korea, China and Japan contributes to the economic growth of each country. We first estimate the trade enhancing effect of the FTA of the three countries, and then est..
Hongshik Lee et al. Date 2004.11.30
Economic integrationDownloadContentSummaryThis study investigates how a Free Trade Agreement (FTA) among Korea, China and Japan contributes to the economic growth of each country. We first estimate the trade enhancing effect of the FTA of the three countries, and then estimate how this increased trade advances the economic growth. In addition, we explore how the FTA alters the industry structure of trade in each country and thereby influences the growth impact of the FTA.
In contrast to other studies on the economic effects of an FTA, our study relies on the actual data of the past experiences of the existing FTAs. In addition, by paying special attention to the three countries' close geographical location, we develop a new methodology that gives us a more realistic estimate of the trade creation effect of the three-country FTA.
The main body of the study consists of three chapters. In Chapter 2, we use the gravity model to estimate trade creation and trade diversion effects of the FTA or a regional trade agreement (RTA) in general. We included 19 multilateral RTAs such as the European Union (EU), the North America Free Trade Agreement (NAFTA), MERCOUSUR and ASEAN Free Trade Agreement (AFTA), and 49 bilateral RTAs. We extend the conventional gravity model so that we can capture different impacts of the RTA depending on geographical closeness between countries joining the RTA.
We find that an RTA in general enhances trade between members by 51.6∼67.4%. Trade creation is even higher by 35% between countries in close geographical positions. This indicates that the RTA among Korea, China and Japan would create trade even further between members than the general RTA does. We also find that trade between a member and a nonmember also increases by 6.5∼8.9%, indicating that the RTA does not divert trade from nonmembers.
In Chapter 3, we analyze how much the RTA increases GDP, by enhancing trade between members and trade between members and nonmembers. We first survey the previous studies in the literature that theoretically and empirically investigated the effects of the RTA on growth. Relying on the study by Frankel and Rose (2002), we estimate how openness (the ratio of trade to GDP) affects the growth rate of GDP. By adopting an instrumental variable, we avoid the bias that may be caused by the endogeneity of openness. We find that openness significantly enhances the growth rate of GDP.
Our estimates indicate that the FTA enhances the total trade volume for Korea, China and Japan by 85.75∼93.81%, by 49.71∼55.20% and by 23.19∼26.00% respectively. Trade creation for Korea is especially large because trade intensity of Korea with China and Japan is the largest. The increases in trade volume are estimated to raise the GDP of Korea, China and Japan by 5.2%, 3.1% and 1.4% respectively for over 25 years. In annual terms, the growth rates of Korea, China and Japan rise by 0.2%, 0.12% and by 0.06% respectively. Our analyses show that Korea is the largest beneficiary of the FTA in terms of income growth.
The growth impact of the RTA derived in the previous chapters is solely based on the magnitude of the total trade increased by the FTA. However, we also expect that the trade structure is affected as the FTA is formed among the three countries. In Chapter 5, we also consider how the changed trade structure influences the growth rate of each country. Traditionally inter-industry trade was the major venue among the three countries. More recently, however, the share of intra-industry trade (IIT), especially of the vertical rather than of the horizontal IIT, has been continuously increasing. We expect that the IIT will accelerate as the FTA is formed among the three countries. We also expect that the increase in IIT positively contributes to the growth perspective of the three countries.
Our analyses show that the FTA among Korea, China and Japan will promote growth for all three countries. The impact on Korea would be the largest. In addition to the growth effects due to increased trade, we also expect that the FTA among the three countries will accelerate the integration of the economies in East Asia, thereby generating further welfare enhancing effects in the area. However, the beneficial effects of the FTA will be obtained only when the elevated competition due to the enlarged market forces the economies to become more efficient. We expect that accumulation of human capital, R&D investments and macroeconomic stability will be essential for this purpose. -
Economic Effects of Korea-China FTA and its main issues
Multilateralism and regionalism have become the mainstream forces of the world trading system. While Korea had been relatively passive in regionalism movement in the past, its government has recently announced the policy goal to p..
Young-Sook Nam et al. Date 2004.11.30
Economic integration, Free tradeDownloadContentSummaryMultilateralism and regionalism have become the mainstream forces of the world trading system. While Korea had been relatively passive in regionalism movement in the past, its government has recently announced the policy goal to pursue a number of FTAs simultaneously and has been actively engaging in this process. As a country that relies heavily on the external sector, Korea's economic prospects are closely tied to the efforts to secure access to foreign markets through formulating FTAs. In the face of the worldwide proliferation of regional trade agreements, an absence of appropriate policy actions in this area could lead to a loss of economic dynamism that Korea critically needs at this juncture. (The rest is omitted.) -
Politics & Economy of Contemporary France and Korea and France Economic Cooperation
Understanding French Politics & Economy and Prospects for Economic Relations between Korea and FranceMaintaining key bilateral relations with Germany, France has played a major role in the world as well as in Europe. France ha..
Heungchong Kim et al. Date 2004.11.30
Economic developmentDownloadContentSummaryUnderstanding French Politics & Economy and Prospects for Economic Relations between Korea and France
Maintaining key bilateral relations with Germany, France has played a major role in the world as well as in Europe. France has vigorously advocated European integration and wanted Europe to be a 'French Europe'. Although France sometimes takes a different approach from the United States, its basic external policies are based on a practical approach that strengthens economic relations with the outer world.
France has taken a rather balanced growth strategy, developing agriculture and manufacturing sectors as well as services. As a main beneficiary of CAP, France has comparative advantage in some agricultural products. It has an advantage in high-technology areas including automobiles, railway, clothing & textiles, and the aviation industry. (The rest is omitted.) -
The Current Status of Polish Economy and the Economic Cooperation between Korea and Poland
After Poland joined the EU on May 1, the environments for the economic cooperation between Korea and Poland were changed. The result on the economic relations between Korea and Poland is mostly desirable as the joining EU will pro..
Cheol-Won Lee Date 2004.11.25
Economic cooperation, Trade policyDownloadContentSummaryAfter Poland joined the EU on May 1, the environments for the economic cooperation between Korea and Poland were changed. The result on the economic relations between Korea and Poland is mostly desirable as the joining EU will propagate trade liberalization, reduce the tariff rates and eventually lead to the advanced and prosperous economies in Poland. This study aims at analyzing the current status of Polish politics and economy, and evaluating the economic cooperation between Korea and Poland. And we can suggest the alternatives in order to strengthen the economic cooperation with Poland. (The rest is omitted.)