• Title/Summary/Keyword: Advanced countries

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Asymmetric Effects of Global Liquidity Expansion on Foreign Portfolio Inflows, Exchange Rates, and Stock Prices

  • Rhee, Dong-Eun;Yang, Da Young
    • East Asian Economic Review
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    • v.18 no.2
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    • pp.143-161
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    • 2014
  • This paper examines the effects of global liquidity expansion on advanced and emerging economies by using panel VAR methodology. The results show that global liquidity expansion tends to boost economy by increasing GDP growth and stock prices. However, we find that the effects are asymmetric. The effects of global liquidity on GDP and stock prices are greater and more persistent in emerging economies than in liquidity recipient advanced economies. Moreover, global liquidity appreciates emerging economies' exchange rates more persistently than those of advanced economies. Lastly, while global liquidity expansion increases foreign portfolio investment inflows to Asian countries and liquidity recipient advanced economies, there is no evidence for Latin American countries.

Conceptual Framework of Reverse Retail Internationalization: From the Perspective of Retail Innovation and Retail Format

  • Cho, Myung-Rae;Mukoyama, Masao
    • Journal of Distribution Science
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    • v.14 no.11
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    • pp.5-17
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    • 2016
  • Purpose - The purpose of this study is to establish an conceptual framework to explain the mechanism of internationalization behavior being used by recently established retailer in emerging countries. Research design, data, and methodology - The existing research on retail internationalization has focused on global retailers located in advanced countries which have expanded their business to emerging countries. That is, "internationalization from top to bottom". However, recent years have seen a reversal in this trend, resulting in the emergence of "internationalization from bottom to top" by retailers based in emerging economies. In order to explore this reversal, this study attempts to develop an conceptual framework based on the theories of "innovation" and "retail format". Results - This study found an conceptual framework which was adopted both a concept of "formula" derived from the theory of retail format and a concept of "production and process innovation" derived from the theory of innovation as a core concept. Conclusions - The conceptual framework provided an understanding of how retailers in emerging countries have gained a competitive advantage over retail companies based in countries with advanced economies. It suggested that innovation that gave these companies a competitive edge was caused by competitive interaction which allowed them to expand to oversea markets.

Statistical System of the CIS Countries

  • Kim, Joo-Hwan
    • Journal of the Korean Data and Information Science Society
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    • v.18 no.4
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    • pp.1023-1032
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    • 2007
  • We introduce the statistical system of the Commonwelth Independence State(CIS) countries located in the Central Asia. At present, the level of the national statistics production system of Korean National Statistical Office(NSO) is very high and locate on just behind Japan among all asian countries, and they are also trying to reach the statistics quality level upto the advanced developed countries in the world. To have the optimal Statistics production processing, we must understand the methodologies parts as well as the aspect of the macro statistics that can be applied to the country#s economic plan. Like the history is repeated, it is valuable to look at the development history of statistical system of other countries one century ago. We study the relationship among CIS countries along with the history of Russian statistics development. It will be helpful to look and understand the statistical system of CIS countries including Russia to use their statistics for international comparison study.

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A Comparison of Government Accounting Reform in Advanced Countries and South Korea and Policy Implications (선진국과 한국의 정부회계개혁 비교와 정책적 함의)

  • Lim, Dong-Wan
    • The Journal of the Korea Contents Association
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    • v.16 no.9
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    • pp.702-712
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    • 2016
  • This study aims to compare the government accounting reform of advanced countries and South Korea and suggest policy implications for South Korea. The reform steps are structured down to institutional introduction, institutional formation and institutional stability. I researched the literatures on the government accounting system and compiled research materials from the Finance Ministries, Audit Offices, and Government Accounting Standards Boards websites of New Zealand, US, UK and South Korea. Analysis showed that advanced countries and South Korea have adopted accrual accounting systems which have provided more comprehensive and objective financial information. But the government accounting system of South Korea compared with those of advanced countries needs reform. The suggestions of this study include: expanding range of whole of government financial statements; giving coherence to the public accounting standards; adopting government audit system; and introducing accrual budgeting. However, there are differences between business accounting and government accounting and the differences are considered for government accounting reform.

S&T Collaboration in Developing Countries: Lessons from Brazilian Collaboration Activities with South Korea

  • Fink, Daniel;Hameed, Tahir;So, Minho;Kwon, Youngsun;Rho, Jae Jeung
    • STI Policy Review
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    • v.3 no.2
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    • pp.92-110
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    • 2012
  • An active policy role is suggested for collaboration that will enhance national level Science and Technology (S&T) capabilities. In contrast, some studies see a limited role of policy support for collaborative S&T research at the individual level (including research groups or institutional levels) due to their self-organizing nature. Two views on S&T collaboration look at different levels but existing research largely ignores the context of developing countries. This paper shows how S&T collaborations between Brazil and Korea have developed over the past two decades. The paper indicates the gaps between initiation and the actual establishment of collaborative research at national and individual levels, differences in the focus areas of research, differences in resources and project planning, and the nature of collaborations. Collaborative research activities at the national level were initiated before the individual level but activated later than the individual level; in addition, the focus areas of research were laid down earlier at the national level with individual collaborations focused on different areas. Project types remained different at each level (i.e. top-down and bottom-up) or with a slightly changing mix. This study suggests appropriate policy measures (such as the timely and effective information collection of activities at different levels and proactive coordination) that could reduce the gaps in the timing and alignment of research areas. This paper also alludes to an evolutionary model to develop S&T collaboration among developing countries.

Development of Marine Consulting Business in Advanced Shipping Countries -Use of Simulation for Safety Management as Part of an Effort toward the Revival of Maritime Society-

  • Fukuo, Yoshitaka;Inoue, Kinzo
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 2004.08a
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    • pp.14-21
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    • 2004
  • It has already been two decades or more ever since the shipping and its related industries began to mature in advanced shipping countries. During that period, such countries have made various attempts for the survival of the industries. The advent of the so-called flags of convenience in a big way for the purpose of replacing crew members of their own expensive seamen by those of developing countries and the emergence of ship management companies, which are literally engaged in the management of ships, are the results of such movements. Some countries have been making efforts, as measures for the continued existence of the maritime industries, to create new marine-related businesses without regard to the traditional concepts of the industries. The movement toward the restructuring of a maritime society in Norway is well known as a typical example of such endeavors. The business of marine consultancy relating to maritime safety management field in our country is also a business that came into existence in such a stream toward the revitalization of the maritime society. In this paper, as well as placing in focus the current picture and problems of marine industries in our country, we would like to present approaches to tackle these problems employed by advanced industrial nations in the West, that is, moves toward the revival of maritime communities. Next, we propose, as one of the answers to solve such problems, the further development of a consulting business which takes advantage of simulators. Lastly, we show specific examples of application of a simulator to the consulting business, while commenting on the effects of its use.

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A Comparative Study on the Legal System for Risk Assessment in the Workplace (사업장 위험성평가에 관한 법제의 비교법적 고찰)

  • Jung, Jin-Woo
    • Journal of Korean Society of Occupational and Environmental Hygiene
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    • v.31 no.4
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    • pp.304-316
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    • 2021
  • Objectives: By comparing and analyzing the legal system for risk assessment in South Korea with other advanced countries, the study is designed to identify the key elements of risk assessment and seek improvement measures while focusing on solutions to the execution of risk assessment violations. Methods: The study started with an awareness of the need to improve the legislation on the risk assessment of businesses in Korea. In order to reflect this problem consciousness in Korea's industrial safety and health legislation, risk assessment legislation in Japan, Britain, Germany, and Korea was analyzed in comparative terms through the literature. Results: Unlike the other advanced countries, the concept of risk assessment is defined in Korea in a broad sense that includes measures to reduce risk, and risk assessment in the manufacturing and design stages is not institutionalized. In the case of worker participation, there is a problem regarding effectiveness. It is problematic that compared to the other foreign countries there is a possibility that general risk assessment will be neutralized because it is recognized as a uniform general risk assessment for a particular risk assessment, as well as inadequate risk assessment. Conclusions: The areas diagnosed with problems compared to the legislation in other advanced countries should be improved by revising laws and administrative rules and supplementing the explanatory guidelines, etc. by referring to the legislation of these countries. In particular, the issue of enforcement for violations of risk assessment must be improved in order to ensure the effectiveness of risk assessment.

An Empirical Analysis on the Determinants of Scope of Public Health : the case of developed countries (선진산업국가에서의 공공의료규모 결정요인에 관한 실증분석)

  • 김흥식
    • Health Policy and Management
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    • v.5 no.2
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    • pp.1-17
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    • 1995
  • This paper porports to explicate the factors determining the scope of public health in advanced capitalist countries. A few studies have veen conducted for such a purpose, yet even these studies show the deficiency of failing to consider a very important factor : the influence of medical profession. Since medical profession has played a significant role in the health policymaking, it is necessary to incorporate the hypothesis that assumes the causal links between the differing medical professional power and the vrying scope of public health. Following this view, this paper examined the various hypothese, including the power of medical profession, and found that the variables related to medical professional power as well as social democratic perspectives are its significant factors. In particular, our result shows that the power of medical profesion is the most important determinant, thereby supporting the hypothesis developed in this paper.

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Wind Energy and Energy Policy in Germany (독일의 풍력 에너지 보급 현황과 지원 정책)

  • Lee, Seungmin;Lee, Soogab
    • 한국신재생에너지학회:학술대회논문집
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    • 2011.05a
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    • pp.134.1-134.1
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    • 2011
  • As eco-friendly energy is in the spotlight, lots of countries are out to develop and disseminate renewable energy. However, Korea still remains in relative newcomer position for renewable energy. To overcome the present condition, it is necessary to carry out a study of establishment of renewable energy policy that is appropriate the present situation of Korea from examples of advanced countries. Among several renewable energies, wind energy is known to be the most reliable energy. Germany that has increased the share of wind energy in total energy supply is a representative leading country for wind energy. Therefore wind energy policy in Germany will be a role model for that in Korea. In this study, as a research of portfolio for wind energy policy of advanced countries, a wide survey for current status of wind energy and energy policy in Germany is carried out.

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Incentive Models of the Occupational Safely and Health Education System (산업안전보건교육의 인센티브 모델에 관한 연구)

  • Kang, Jong-Cheol;Chang, Seong-Rok
    • Journal of the Korean Society of Safety
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    • v.19 no.4 s.68
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    • pp.129-134
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    • 2004
  • Educational programs for promoting occupational safety and health have widely been established in advanced countries, such as United States and Germany, in the area of disaster prevention Focused attentions and investments for safety and health education have been placed especially for small and medium sized companies. Recently, information technologies have also been applied for the development and management of educational programs in those countries. It is also worth noting that a wide variety of incentive systems has been implemented for managers and workers to voluntarily Participate in safety and health education. Based on the brief survey on incentive systems in advanced countries, this study proposes two different incentive models, such as 'Supervision Exemption Model for Participants in Safety and Health Education' and 'Compensation Program fur Educational Expenses and Losses', which may efficiently be employed in Korea. These incentive models may contribute to revitalizing the occupational safety and health education which has recently been dwindled due to the changes in governmental regulations.