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The Relationship between Regionalism and Multilatevalism: A Case Study of the Korean Computer Industry  

Jeongwook Suh (Ministry of Foreign Affairs and Trade)
Publication Information
Journal of the Korean Geographical Society / v.39, no.2, 2004 , pp. 256-268 More about this Journal
Abstract
Korea remains one of the few countries in the world that has not participated in any formal regionalism except its first FTA with chile which was just recently concluded. The lack or regionalism in Northeast Asia reflects post-war national policies that favored international export markets as an engine of economic growth. Based on a survey of 50 firms in Korea, this paper examines the relationship between regionalism and multilateralism in terms of computer industry. The results show that the industry favors international rather than regional markets for its continued export growth. According to the results, accelerated trade liberalization measures through the mutilateralism of the WTO dilute the demand for and negative impacts from regionalism. Overall, the results suggest that the Korean computer industry supports a trading system with a strong multilateral commitment based on non-discrimination.
Keywords
regionalism; multilateralism; computer industry; trade liberalization; WTO;
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