• Title/Summary/Keyword: Global Trade

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Global Value Chain Formation and Human Capital: Case of Korea and ASEAN

  • Li, Jia-En;Choi, Young-Jun
    • Journal of Korea Trade
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    • v.25 no.6
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    • pp.126-142
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    • 2021
  • Purpose - This study discusses the effects of human capital in the formation of GVC linkages. We also investigate GVC intensity between Korea and ASEAN. Design/methodology - To solve the doubling-counting problem in evaluating comparative advantage, RCA has been re-computed using domestic value-added (henceforth RCA_VA) at the country-sector level instead of value of trade. The impact of human capital on GVC intensity was empirically analyzed by establishing a panel data set with four industries (ISIC Rev. 4) in eight ASEAN countries from 2005 to 2015 from OECD-TiVA and WDI. Findings - The empirical results show that human capital has a negative effect on GVC intensity in the agriculture and manufacture industries, while it has a positive effect in the service and information industries. The results do not mean that low human capital is a barrier and inefficient to GVC linkages. Low Value-added activities may be more profitable to some emerging countries. These findings suggest that it is important to accurately identify the competitive elements to increase gains from trade under the GVC. Also, it shows that comparative advantages can be misled by an RCA index evaluated in trade volume under the GVC. Originality/value - This study highlights the importance of human capital as a factor for the efficient formation of Global Value Chain (GVC). This study has different from the literature in analyzing the role of human capital in formation of linkage of the GVC. And we clarify the changing patterns of trade by removing the double-counting problem under the GVC.

Analysis of Competitiveness Factors of Global Innovative Companies

  • Jae-Kyung Kim;Jon-Mo Yoon;Bong-Soo Lee
    • Journal of Korea Trade
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    • v.26 no.3
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    • pp.63-78
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    • 2022
  • Purpose - This study's purpose is to analyze which factors are more important to strengthening the competitiveness of global innovative companies by firstly sampling global 40 enterprises, secondly investigating of study models empirically, thirdly finding out significant implications through research, and finally using this result to help improve global companies' competitive edges. Design/methodology - Developing three research models of hypothesis and using 5 variables such as technology innovation, knowledge management, human resource development, sustainable management, and corporate life, this study was empirically carried out by reliability and validity testing, correlation analysis of variables, and multiple regression analysis of three research models. Findings - Through proceeding empirical analysis study, we found out that technology innovation and sustainable management had a significant impact on strengthening competitiveness through the hypothesis test. Those two factors had positive results and a synergy effect through correlation analysis along with process change and human resource development, which are also important areas in global innovative companies. Originality/value - In line with the fourth industrial revolution era's acceleration and COVID-19's large impact on all industries, global companies are newly developing their business models to cope with external environment change. This study's results would be meaningful for global enterprises and domestic companies to improve their overall competitive edge by reinforcing their innovation strategy, preparing next growth engines, diversifying business portfolios, and setting business milestones.

Participation in GVCs and Income Inequality (글로벌 가치사슬에서 전방참여와 후방참여가 소득불평등에 미치는 영향)

  • Li, Jia-En;Choi, Young-Jun
    • Korea Trade Review
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    • v.44 no.2
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    • pp.269-282
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    • 2019
  • This study analyzes the effects of participation in the global production network on the income inequality using panel data from 2005 to 2016 for 63 countries. In this study were used fixed effects model with autocorrelation, random effect model with autocorrelation and the GLS method. Results are as follows: First, the economic development level supports the Kuznets hypothesis. And then, the forward participation in global value chains increased income inequality, and the backward participation decreased income inequality. In order to derive more detailed estimation results, we analyzed OECD countries and non-OECD countries. First, OECD countries featured decreased, but increased beyond a certain level as a U-shaped curve, that did not support the Kuznets hypothesis. In contrast, non-OECD countries followed the Kuznets U-curve. Second, participation in the global production network showed that both OECD and non-OECD countries featured increased income inequality. In contrast, backward participation appears to mitigate income inequality both in OECD and non-OECD countries. Finally, the ratio of labor and capital is significant in mitigating income inequality in non-OECD countries in which they feature backward participation in production networks. This can be interpreted as developing economies participate in the global production network due to increased capital accumulation and increased the labor productivity.

A Study on Korean fisheries' Globalization level: focusing on LIT and IIT (우리나라 수산업의 글로벌화 수준 평가 -국제연계도 및 국제통합도 분석을 중심으로-)

  • Hong, Hyun-Pyo;Ma, Chang-Mo
    • The Journal of Fisheries Business Administration
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    • v.41 no.2
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    • pp.61-79
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    • 2010
  • The objective of this study is to examine Korean fisheries' globalization level. For that, this paper discusses structural changes of world fisheries and level of korean fisheries' globalization. Fisheries' globalization is measured by comparison of IIT(intra-industry trade) and LIT(level of international trade) on eleven countries(Netherland, UK., USA, France, Japan, Spain, Korea, Taiwan, Thailand, Indonesia, Philipinnes). And analysis data are obtained from UN-UNCTAD PC-TAS and FAO Fishstat. As a result of measure of fisheries' globalization, Netherland is the most globalization country of eleven countries. And the next order is Spain, UK, France, Thailand, Taiwan etc. We can classify these countries into four types. Type I is 'International linkage and integration global indutstry' inculding Netherland, UK, Spain, France. Type II is 'Interantional integration global industry' including Taiwan and S. korea. Type III is 'international linkage global industry' including none of eleven countries. Finally, type IV is 'domestic demand and self-sufficient industry'including Thailand, USA, Japan. So we can name the type of korean fisheries' globalization as 'interantional integration global industry'. Usually this type is evaluated that level of international trade is not high but level of intra-industry trade is high. As a result, from now, we should consider policy directions of korean fisheries whether to decide one of four types or not.

Development Strategies for Attracting Foreign Direct Investment in Uzbekistan

  • Ji Young JEONG;Sun Mi KIM;Changho CHOI;Ji Young HAN;Yong Geun KIM;Mamurbek KARIMOV
    • The Journal of Economics, Marketing and Management
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    • v.11 no.5
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    • pp.57-67
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    • 2023
  • Purpose: An evaluation of Uzbekistan's steps towards competitiveness for FDI globally is presented in this paper. Specifically, the purpose of this paper is to analyze the case of Uzbekistan, and to determine the strategies that can be implemented to increase the competitiveness in attracting foreign investment. Research design, data and methodology: To investigate the FDI environment and identify effective strategies, Global RPM and QSPM analyses were conducted in addition to in-depth interviews with experts. In particular, this study uses the method of Global RPM analysis to make a comprehensive evaluation and analysis on globalization, rationality, and professionalism and morality dimensions of FDI in Uzbekistan. Results: According to the analysis, the conditions of political situation, financial stability, legal frameworks, as well as economic environment of the country play a significant role in bringing in FDIs from abroad. Moreover, based on the results, Uzbekistan scored lowest on globalization, indicating that the country has a low level of integration and openness to the global economy and society. Conclusions: Uzbekistan can boost its productive capacity and GDP growth with FDI, but it has to overcome many structural and logistical obstacles. Furthermore, adhering to the chosen strategies, policymakers can leverage FDI to stimulate economic growth, leading to the generation of new jobs and expanded opportunities in Uzbekistan.

Boycott and Smartphones (불매운동과 스마트폰)

  • Moon, Soo yeon;Park, Ji Yun;Park, Jin;Lee, Yeon ju
    • Proceedings of the Korean Society of Computer Information Conference
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    • 2022.07a
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    • pp.709-712
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    • 2022
  • 본 논문에서는 불매운동에 따른 스마트폰의 수출영향에 대해 알아보고자 한다. 2019년에 일본의 한국에 대한 수출규제로 일어난 한국의 불매운동에 대응하여 역으로 일본에서 한국제품 불매운동이 일어난 바 있다. 이 사례를 활용하여, 한국의 일본 수출에 얼마나 타격을 입었는지 살펴보기로 한다. 연구 과정 전반에 걸쳐 수출물품 중 스마트폰의 수출량과 시장 점유율의 변화추이를 살펴보면서 불매운동과 스마트폰의 수출의 상관관계를 알아보았다. 이를 통해 불매운동이 수출입에 미치는 영향과 극복방안을 모색해 볼 수 있는 기회가 됐으면 한다.

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The Impact of Trade Facilitation of RCEP Countries on China's Agricultural Exports: Empirical Analysis Based on 13 Countries

  • Qi-Feng Zhang;Xi Chen;Jin-Long Zhang;Li Cai
    • Journal of Korea Trade
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    • v.27 no.3
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    • pp.1-20
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    • 2023
  • Purpose - Using trade data from 2008 to 2019, this study analyzes the impact of trade facilitation on China's agricultural exports under the RCEP framework using a gravity model based on the level of trade facilitation in 13 RCEP countries. Design/methodology - This study constructs a complete set of trade facilitation index systems, comprehensively measures the trade facilitation level of RCEP member countries, and uses a gravity model to verify the critical role of trade facilitation level in enhancing the trade volumes of RCEP member countries. Findings - We found that trade facilitation has a significant impact on China's agricultural exports as a whole. The effect of each primary indicator varies in magnitude, with finance and e-commerce (F) having the most significant impact, followed by customs efficiency (C) and infrastructure development (1); the institutional environment has no significant effect. Originality/value - This study analyzes the impact of trade facilitation on China's agricultural exports from the perspective of exports, and uses the latest data to study the degree of the impact of trade facilitation in importing countries. Measures to jointly enhance trade facilitation among member countries under the RCEP framework are proposed.

A Study on the Global Entrepreneurship in Major East Asian Countries (동아시아 주요국 글로벌 기업가정신 연구)

  • Ye-Hee Kwon;Zi-Mi Lee;Chae-Eun Bae;Jae-Won Hong
    • Proceedings of the Korean Society of Computer Information Conference
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    • 2023.01a
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    • pp.429-431
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    • 2023
  • 본 연구에서는 아시아 주요국인 한국, 중국, 일본의 기업가정신으로 대표되는 기업가적 태도 중 지각된 능력(SUSKILL), 지각된 실패 두려움(FEARFAIL) 등의 요인이 어떤 차이가 있는지를 알아보고자 한다. 연구결과는 다음의 몇 가지로 요약된다. 첫째, SUSKILL의 수치를 봤을 때 한국은 높은 편에 속하였다. 그리고 FEARFAIL는 세 국가 중 가장 낮게 나타났다. 이는 한국의 기업가 정신 구축 환경이 잘 되어 있음을 나타낸다. 둘째, 중국은 대부분 지표에서 중간 정도의 수치를 나타내고 있었다. 셋째, 일본은 FEARFAIL는 세 국가 중 두 번째로 나타났으나 SUSKILL 등 지표에서 세 국가 중 가장 낮게 나타났다. 이러한 결과를 볼 때 일본의 경우 지속적인 성장을 위해서는 사회의 변화, 인식의 변화가 크게 일어나야 한다는 것을 시사한다. 본 연구는 국가별 기업가 정신과 기업가 태도를 비교함으로써 지속가능한 경영환경을 조성하는데 기여가 있다고 판단된다.

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A study on the benefits of identrus operation for trust improvement to international trade payment (전자무역결제의 신뢰성제고를 위한 Identrus 활용방안)

  • Cho, Won-Gil
    • The Journal of Information Technology
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    • v.7 no.2
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    • pp.29-42
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    • 2004
  • The growth in EC will continue, irrespective of the medium or the type of environments established by organizations. Global electronic trade has been increasingly spreading all over the world due to the rapid development of internet and IT. For expanding the use of electronic trade, electronic payment based on electronic trade payment system is essential. The importance of trust is based on the potential use of the technology to increase information sharing. Last, it is necessary that the payment and performance guarantee function are added to unified global authentication system. As for now, Indentrus system is the most appropriate model for it. Thus, the purpose of this study is to present on the international trade trust for improvement to Electronic Commerce.

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A study on the present condition and hereafter important problems of electronic trade in Korea (우리나라의 전자무역의 최근동향과 향후과제에 대한 연구)

  • Yu, Jae-Keol
    • The Journal of Information Technology
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    • v.7 no.2
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    • pp.77-92
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    • 2004
  • Global Electronic Trading means that trading partners trade each other via Global Electronic Trading Network, that is, global business to business electronic commerce. Electronic payment systems are how to make payment electronically in manner that is efficient, reliable, and secure. I suggest the Electronic payment systems such as TradeCard and SWIFT enable seller and buyer to conduct and settle international B2B electronic commerce in case of solving the above problems. And, where the cargo arrives ahead of the B/L, the importer cannot take delivery of the cargo without the B/L. This situation is referred to as the B/L dilemma. But the BOLERO system will resolve this B/L dilemma. Bolero Project is developing a cross industry utility platform for the secure, electronic transfer of commercial trade information world wide.

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