• Analyses & Alternatives
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• v.6 no.1
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• pp.259-282
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• 2022

This article examines features and implications of 'new northeast phenomenon' in China's new normal period. Different from previous studies with economy as a single factor, this paper regards the northeast phenomenon as not an single economic phenomenon but a compound socio economic phenomenon that economic, demographic and financial issues are linked together. This study finds that since 2014 decline of economic growth, deepening of population decline and brain drain, accelerated aging, the increase in fiscal deficit and a surge in social security spending, these phenomena occur simultaneously and influence each other, forming a vicious cycle in northeast China, and also finds that the difficulty of 'new northeast phenomenon' lies in this compound features. If so, what are the implications of 'new northeast phenomenon's' these features for China as a whole? This study proposes two points. First, based on the recent changes in some relevant situations in China, northeast region can be regarded as a microcosm of China, northeast phenomenon is likely to spread to other regions of China in the near future, it will become a common phenomenon all over China. Second, the emergence of the 'new northeast phenomenon' in the new normal period requires deep reflection and rethinking about the fundamental effect of the regional development strategies, such as 'The Development of the Western Region', 'The Rise of Central China', 'The revitalization of the Northeast', implemented since the reform and development. The 'new northeast phenomenon' has become one of the most urgent problems to be solved by the Chinese government, if the solution is successful, it can be a very useful direction for reconstructing regional development strategies in contemporary China.

• Korea Trade Review
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• v.46 no.2
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• pp.121-140
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• 2021

The ship recycling or scrap is a phenomenon in the process of vessels life cycle has ended in the shipping industry. Scrap are greatly affected by freight rates due to ship demands. Not only that, environmental regulation and economic scale vessel demand are processes that must exist in the shipping industry as they obtain management for existing vessels. In the past, shipbreaking yard had tried to work without protection for poverty, without poor working conditions and facilities to prevent the emission of harmful substances. However, the issue of environmental pollution has been raised the Basel and Hong Kong Convention have been adopted, and a new replacement of the ship scrap that induces serious pollution is required. In this study, 165 countries were analyzed to confirm the importance of determining the ship solution. As a result of the analysis, it was found that the Environmental Performance Index, which is a measure of environmental regulation, is the most influential factor of ship scrapped volume. The determinant of whether lower labor cost can be secured is more correlated with population than GDP per capita. The implications of the results of the regression analysis mean that if environmental regulations for ship scrap of the future are strengthened, the status of Bangladesh and Pakistan, which currently account for half of the world's ship recycling, may change.