• Title/Summary/Keyword: Global World Bank

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Trade in Developing East Asia: How It Has Changed and Why It Matters

  • Constantinescu, Cristina;Mattoo, Aaditya;Ruta, Michele
    • East Asian Economic Review
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    • v.22 no.4
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    • pp.427-465
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    • 2018
  • East Asia, for long the epitome of successful engagement in trade, faces serious challenges: technological change that may threaten the very model of labor intensive industrialization and a backlash against globalization that may reduce access to important markets. The analysis in this article suggests that how East Asia copes with these global challenges will depend on how it addresses three more proximate national and regional challenges. The first is the emergence of China as a global trade giant, which is fundamentally altering the trading patterns and opportunities of its neighbors. The second is the asymmetric implementation of national reform - in goods trade and investment versus services - which is affecting the evolution of comparative advantage and productivity in each country. The third is the divergence between the relatively shallow and fragmented agreements that regulate the region's trade and investment and the growing importance of regional and global value chains as crucial drivers of productivity growth.

Trade, Trade Finance, and Global Liquidity in Asia; Markov-Switching FAVAR Approach

  • Brooks, Douglas H.;Kurmanalieva, Elvira;Yang, Doo Yong
    • East Asian Economic Review
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    • v.20 no.3
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    • pp.339-363
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    • 2016
  • This paper analyzes why the global financial crisis in 2008 severely affected Asia's trade. Asia has been suffering from the falls in export demand from developed countries. However the abrupt trade declines in Asia are not fully explained by reactions to this as in previous experiences. The question is why the financial crisis in 2008 brought about the abrupt and deep collapse in world trade, while other world-wide recessions had more moderate effects on world trade. This paper shows that the dynamic relationship between trade and trade finance is one important factor in explaining this question. This paper also applies the Granger (causality) test to uncover different relationships in the developed and developing economies and show different results for different countries in Asia. We employ a Markov-Switching FAVAR (Factor Augmented VAR) to show that global liquidity shocks are important factors in explaining the huge and abrupt trade drops in Asia.

Rethinking Global Convergence in Bank Regulation (은행규제의 세계적 수렴에 대한 고찰)

  • Pak, In-Sop
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.36
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    • pp.195-262
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    • 2007
  • This paper attempts to assess the Basel Committee's bank supervisory standards and capital adequacy rules, and thereby rethink whether global convergence in banking regulation is desirable. To that end, it seeks to address the impetus for the creation of the Basel Committee, and explore driving forces behind the internationalization of bank regulatory and supervisory standards. Following the historical and theoretical analysis of the internationalization of bank regulatory standards, the movement toward global standards in banking is reviewed. More importantly, this paper seeks to explore the origins of the Basel Accord on bank capital adequacy. To do so, it largely relies on current theories on the process of negotiating the capital adequacy standards in the areas of political science and international political economy. At this point, this study takes a position as a break against the force of international market failure logic that has enjoyed an exceptionally positive reception among economists, political scientists, and legal experts. Nonetheless, it does not intend to freeze the international coordination and cooperation of banking regulation. Given the understanding of the politics behind the creation of the Basel Accord, this paper evaluates the Basel Accord of 1988 and the new capital adequacy framework(Basel II), and then moves beyond the assessment of the capital adequacy standards In doing so, this study draws lessons from Basel in search of a just world order in the global finance.

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An Approach on the Scheme Interactive of Electronic Trade Payment System Type (전자무역결제 유형의 제도적 상호관계성에 따른 접근방안)

  • Lee, Je-Hong
    • International Commerce and Information Review
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    • v.9 no.1
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    • pp.149-168
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    • 2007
  • e-Trade Payment system has been transformed by quickly and effectively. The e-trade Payment system such as TradeCard System, Bolero Surf, Identrus Eleanor and e-Escrow and e-letter of Credit issued by SWIFT System enable partly sellers, buyers and service providers. This paper studies for SWIFT, Surf, TradeCard, Eleanor, e-Escrow as international trade payment, As reason following : The First, Bolero is a neutral secure platform enabling paperless trading between exporter, importer, and their logistics service and bank partners, insurance company. The Second, TradeCard is to manage procurement-to-payment worldwide, that is exporter, importer and connected partners, paperless platform. The Third, Identrus is the global leader in trusted identity solutions, recognized by global financial institutions, commercial organizations and bank partners around the world. The Forth, Escrow payment have effect to L/C issue and enter into electronic contracts in internet bank. Trader practice use Escrow Bank as the same bank that rules to Issuing Bank and Advising Bank and payment, acceptance. This paper of these electronic payment have studies new international trade payment to approach such as eUCP rules and TradeCard System, Surf of bolero, eleanor of Identrus, SWIFT.

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Design and development of GWB (Global Water Bank) system (GWB (Global Water Bank) 시스템 설계 및 개발)

  • Kim, Min Kuk;Kim, Jeong Bae;Park, Jong-Pyo;Jeong, Ui-Seok;Bae, Deg Hyo
    • Proceedings of the Korea Water Resources Association Conference
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    • 2017.05a
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    • pp.468-468
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    • 2017
  • 최근 기후변화로 인해 수자원 위험요소인 가뭄 및 홍수피해가 증가하고 있으며, 인구증가에 따른 수량감소로 수자원관리가 더욱 어려워지고 있는 실정이다. 효율적인 수자원관리 및 기후변화 대응을 위해 세계 물시장은 점점 증가하고 있으며, 이에 따라 국내기업 또한 해외사업 진출을 추진하고 있으나, 사업에 필수적인 기상, 수문 등 기초자료의 부재로 어려움을 겪고 있다. 본 연구에서는 국내기업의 해외사업 진출 시 필요한 기상, 지형, 수문, 인문 사회 등 기초자료를 제공하는 글로벌 수자원정보제공시스템(Global Water Bank, GWB)을 설계 및 개발하고자 한다. 국내 외 예비타당성보고서 및 국내에서 수집 가능한 국외 정보현황을 분석하여 자료 제공인자를 도출하였으며, 이를 토대로 시스템 내 제공항목을 기상, 지형, 수문해석, 인문 사회, 기후변화 자료로 구분하였다. 해외시장 진출범위를 고려하여 자료의 공간적인 범위를 전지구로 설정하였으며, 전지구 자료의 가용성을 검토하여 제공자료를 구축하였다. 기상자료는 NCDC (National Climate Data Center)의 관측 지점자료와 APHRODITE (Asian Precipitation - Highly-Resolved Observational Data Integration Towards Evaluation) 격자자료를 수집하였으며, 오 결측 자료는 품질검토를 수행하여 보정하였다. 지형자료의 경우 USGS (U.S. Geological Survey)의 DEM, FAO (Food and Agriculture Organization of the United Nations)의 토양도, UMD (University of Maryland)의 토지피복도를 구축하였다. 수문자료는 GRDC(Global Runoff Data Centre)의 관측 지점자료를 수집하였으며, 미계측 지역의 수문자료 구축을 위해 VIC(Variable Infiltration Capacity) 수문모형을 활용하여 $0.5^{\circ}$ 공간해상도의 격자 유출량 자료를 생산하였다. 인문 사회자료로 World Bank의 국가별 통계자료를 수집하였으며, 구축된 각 자료는 GWB 시스템을 통해 제공된다. 시스템의 시범운영을 위해 아시아 지역을 대상으로 GWB- 버전을 개발하였으며, 시범지역 내 관측자료와 비교분석하여 자료의 활용성을 검증하였다. 추후 GWB 시스템은 해외진출 사업 우선지역 선정 근거로 활용될 수 있는 가상수 및 물산업지수 등의 추가정보를 제공하고 타 지역으로 확대적용 예정이다.

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Monitoring Culicine Mosquitoes (Diptera: Culicidae) as a Vector of Flavivirus in Incheon Metropolitan City and Hwaseong-Si, Gyeonggi-Do, Korea, during 2019

  • Bahk, Young Yil;Park, Seo Hye;Kim-Jeon, Myung-Deok;Oh, Sung-Suck;Jung, Haneul;Jun, Hojong;Kim, Kyung-Ae;Park, Jong Myong;Ahn, Seong Kyu;Lee, Jinyoung;Choi, Eun-Jeong;Moon, Bag-Sou;Gong, Young Woo;Kwon, Mun Ju;Kim, Tong-Soo
    • Parasites, Hosts and Diseases
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    • v.58 no.5
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    • pp.551-558
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    • 2020
  • The flaviviruses are small single-stranded RNA viruses that are typically transmitted by mosquitoes or tick vectors and are etiological agents of acute zoonotic infections. The viruses are found around the world and account for significant cases of human diseases. We investigated population of culicine mosquitoes in central region of Korean Peninsula, Incheon Metropolitan City and Hwaseong-si. Aedes vexans nipponii was the most frequently collected mosquitoes (56.5%), followed by Ochlerotatus dorsalis (23.6%), Anopheles spp. (10.9%), and Culex pipiens complex (5.9%). In rural regions of Hwaseong, Aedes vexans nipponii was the highest population (62.9%), followed by Ochlerotatus dorsalis (23.9%) and Anopheles spp. (12.0%). In another rural region of Incheon (habitat of migratory birds), Culex pipiens complex was the highest population (31.4%), followed by Ochlerotatus dorsalis (30.5%), and Aedes vexans vexans (27.5%). Culex pipiens complex was the predominant species in the urban region (84.7%). Culicine mosquitoes were identified at the species level, pooled up to 30 mosquitoes each, and tested for flaviviral RNA using the SYBR Green-based RT-PCR and confirmed by cDNA sequencing. Three of the assayed 2,683 pools (989 pools without Anopheles spp.) were positive for Culex flaviviruses, an insect-specific virus, from Culex pipiens pallens collected at the habitats for migratory birds in Incheon. The maximum likelihood estimation (the estimated number) for Culex pipiens pallens positive for Culex flavivirus was 25. Although viruses responsible for mosquito-borne diseases were not identified, we encourage intensified monitoring and long-term surveillance of both vector and viruses in the interest of global public health.