Korea Trade Review (무역학회지)

Korea Trade Research Association (한국무역학회)
권호 표지
DOI QR코드

DOI QR Code

A Case Study on Corporate Strategy Focused at Product Differentiation and Public Policy for the Enhancement of Industrial Structure: Korea's Trade Policy towards the Mega FTA

제품차별화 중심의 기업전략과 산업구조고도화 중심의 공공정책에 대한 연구: Mega FTA에 대한 한국의 통상정책을 중심으로

  • Hwang, Hae-Du (Department of International Trade, Konkuk University) ;
  • Shin, Hyeon-Joo (Department of International Trade, Konkuk University)
  • Received : 2019.07.19
  • Accepted : 2019.08.23
  • Published : 2019.08.31
Download PDF
⟨ Previous Next ⟩

Abstract

This article recapitulates the recent changes in trade laws, which may be accentuated due to the intriguing emergence of fortified protectionism and Mega FTAs. It points out the need to formulate not only the corporate strategy for enhancing the product differentiation and architectural capabilities but also the public policy, which comprises the industrial adjustment policy to cope with possible negative impulses caused by the digital trade and foreign direct investment. It is imperative for Korea to facilitate the alignment between corporate strategy and industrial adjustment policy as an effective means of enhancing industrial structure by nurturing those linkage effects between relevant forward and backward industries. Given the drastically volatile trade norms of multi-track trade policies, it may be a pivotal momentum for Korea to pursue a paradigm shift of its trade policy with a prime objective of achieving such an alignment between corporate strategy and industrial adjustment policy, which affords increased value-added and the further development of product or generic technology instead of resorting to the misuses and abuses of economies of scale and production technology for the maximization of export amount.

Keywords

References

  1. Cho, Moon-hee, Jong-Duk Kim, Hyeri Park and Min-chirl Chung(2017), A Study on the Effects of Non-Tariff Measures(KIEP Policy Analysis, 17-24), KIEP.
  2. Cho, Moon-hee, Hye-kju Kwon and Min-ji Kang(2018), The Outcome of NAFTA Renegotiation(USMCA): An Assessment and Its Policy Implication(KIEP World Economy Today, 18-36), KIEP.
  3. Go, Jun-sung(2001), Analysis on the Provisions of FTA(KIET Policy Analysis, 2003-73), KIET.
  4. Han, Jung-min(2015), Current Situation and Policy Implication of Launching a Mega FTA for Shaping an Asian Economic Integration(KIET Industrial Economic Analysis, December), KIET, 87-98.
  5. Johnson, Harry(1953), "Optimum Tariffs and Retaliation.", Review of Economic Studies, 21(2), 142-153. https://doi.org/10.2307/2296006
  6. Kaiwai, Mashihiro(2005), "East Asian Economic Regionalism: Progress and Challenges", Journal of Asian Economics, 16(1), 29-55. https://doi.org/10.1016/j.asieco.2005.01.001
  7. Kim, Heung-chong, Cheol-Won Lee, Hyun-Jean Lee, Hyo-eun Yang and Yoo-Duk Kang(2016), EU's FTA Strategies in its New Trade Policy Initiatives and Policy Implications(KIEP Policy Analysis, 16-18), KIEP.
  8. Kim, Jong-deuk, Jun-gu Kang, Ju-mi Lee and Jun-hyun Eyum(2014), An Analysis on the Investment and Service Barriers of Major TPP Member Nations(KIEP Research Report, 14-07), KIEP.
  9. Kuttner, Robert(1990), "Managed Trade and Economic Sovereignty", Proceedings of the Academy of Political Science, The Academy of Political Science, 37(4), 37-53.
  10. Kwon, Young-hee(2015), Strategic Trade Policy for the Proliferation of Mega FTAs(KIET Industrial Economic Review, November), KIET, 63-65.
  11. Linder, Staffan(1961), An Essay on Trade and Transformation, John Wiley and Sons.
  12. Meade, James(1955), The Theory of International Economic Policy, Vol II. Trade and Welfare, Oxford University Press.
  13. Richardson, David, Lionel Olmer and Paula Stern(1994), CH. 10 "Trade Policy" in American Economic Policy in the 1980s Feldstein, Martin (ed.), University of Chicago Press.
  14. Strange, Susan(1990), The Retreat of the State: The Diffusion of Power in the World Economy, Cambridge University Press.
  15. Sung, Han-koung(2015), "Studies on Economic Effect of East Asian Economic Integration and Trans-Pacific Partnership Agreement: Application of CGE Model and Game Theoretical Approaches", International Economic Analysis, KIEA, 21(2), 83-104.
  16. Yoo Sae-byul(2016), Study on the Strategies for Mega FTAs: A Comparative Analysis of TBT Chapters of Korea's FTAs(KIEP Policy Analysis, 16-04), KIEP.
  17. Viner, Jacob(1950), The Customs Union Issue, Carnegie Endowment for International Peace.