• 대한지리학회지
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• 제39권2호
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• pp.256-268
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• 2004

한국은 최근 체결된 칠레와의 자유무역협정을 제외하고는 어떤 공식적인 지역주의에도 가입하지 않고 있는 예외적인 국가중의 하나이다. 동북아시아에서의 지역주의의 결여는 경제성장의 엔진으로서 세계수출시장을 선호한 전후의 국가정책을 반영한다. 한국의 50개 기업에 대한 설문조사를 바탕으로 본 연구는 컴퓨터산업의 관점에서 지역주의와 다자주의간의 관계를 고찰한다. 연구결과는 지속적인 수출증가를 위해 한국 컴퓨터 산업은 지역주의보다는 다자주의를 선호함을 보여준다. 연구결과에 따르면 세계무역기구를 통한 가속적인 무역자유화 조치가 지역주의에 대한 수요와 지역주의로부터의 부정적 영향을 감소시키는 것으로 나타난다. 전반적으로 연구결과는 한국 컴퓨터산업은 무차별원칙에 기초한 강력한 다자간 구속력이 있는 무역체제를 선호한다는 것을 시사한다.

• 전자통신동향분석
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• 제38권4호
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• pp.1-11
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• 2023

Trade rules in service and digital sectors mainly focus on reducing regulatory uncertainties by improving transparency and minimizing unnecessary requirements. Recognizing the importance of digital trade rules and trade in information and communication technology (ICT) sectors, governments worldwide have rapidly adopted and expanded rules on free flow of data, personal data protection, electronic authentication, and cybersecurity. On the other hand, advances in technology have led governments to face multiple threats related to cybersecurity, intellectual property (including that related to source code and algorithms), and unauthorized access to proprietary information of their suppliers. This study presents digital trade rules related to digital security emphasizing cybersecurity, source code, and ICT products that use cryptography in different trade agreements. Additionally, it introduces various approaches that major countries are taking to both address digital security issues and seek balance between security enhancement and trade liberalization.

• KDI Journal of Economic Policy
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• 제12권3호
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• pp.125-151
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• 1990

본고(本稿)는 경제자유화(經濟自由化)의 대표적 사례(事例)로 일컬어지는 남미(南美) 자유화과정(自由化過程)을 살펴보고 몇가지 교훈(敎訓)을 도출해 보고자 함에 목적이 있다. 칠레, 아르헨티나, 우르과이의 남미(南美) 3국(國)은 각기 서로 다른 과정(過程)을 밟아 경제자유화(經濟自由化)를 이룩하려고 하였는데 실제로 무역(貿易) 및 자본시장(資本市場)의 개방(開放)을 추진하여 자원배분(資源配分)의 실효성(實效性)을 높이려면 국내거시경제상황의 안정(安定)이 필수적임을 각국(各國)의 경험(經驗)이 보여주고 있다. 우선 재정(財政) 통화정책(通貨政策)의 안정(安定) 없이는 무역(貿易) 자본시장(資本市場)의 개방(開放)이 오히려 국내경제(國內經濟)를 불안하게 한다. 재정적자(財政赤字)는 실질이자율(實質利子率)을 올리거나 실질평가절상(實質平價切上)을 유발하여 이 경우 자본시장(資本市場)이 개방되면 오히려 국내경제불안이 가중된다. 둘째, 구매력평가설(購買力評價設)과 이자율평가설(利子率平價設)에 기초한 통화론적(通貨論的) 안정화정책(安定化政策)은 각국(各國)에 내재한 여러가지 구조적(構造的) 요인(要因)으로 이론에 걸맞는 성과(成果)를 거두기 어려우며 오히려 자유화과정(自由化過程)에서 실질환율(實質換率)과 실질이자율(實質利子率)의 불안정(不安定)을 초래한다. 마지막으로 경제자유화(經濟自由化)의 순서(順序)와 속도(速度)는 정치(政治) 경제적(經濟的) 상황(狀況)에 따라 달라지며 이론적(理論的) 실증적(實證的)으로 최적(最適)의 자유화계획(自由化計劃)을 결정할 수 없다. 그러나 무역자유화(貿易自由化) 및 자본자유화(資本自由化)를 순차적으로 추진하면서 실질환율(實質換率)과 실질이자율(實質利子率)의 안정(安定)에 유의하는 것이 바람직하다.

• Journal of Korea Trade
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• 제27권3호
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• pp.21-42
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• 2023

Purpose - This paper investigates the trade effect of the Korea-China Free Trade Agreement (KCFTA) which coincides with political conflicts between the two countries due to the deployment of the Terminal High Altitude Area Defense (THAAD) in Korea. The two events occurred in the same year and both are likely to affect trade between two countries but in opposite directions. Therefore, it is crucial to distinguish between the trade effects from the KCFTA event and those from the THAAD event to evaluate the true FTA effects. However, this would be difficult when using only annual data. Accordingly, ex post studies to examine the trade effects of KCFTA are lacking in trustworthiness while many ex ante studies that conjecture the positive trade effects neglect the THAAD deployment impact. This paper aims to fill that gap. Design/methodology - Given that the KCFTA and THAAD events occurred in the same year but in different months, we use the monthly data from 2000 to 2019 of Korea's exports to bracket this period. We employ the difference-in-difference (DID) method within a gravity equation specification that uses hi-dimensional fixed effects to address various endogeneity issues and seasonal effects. We identify the net impact of KCFTA ratification from these two near-simultaneous events to quantify the effects of trade liberalization between these two countries. Findings - After isolating the THAAD effects on trade, the analysis creates a positive and statistically significant coefficient estimate of the KCFTA impact. In contrast, failing to isolate the THAAD effect produced a negative and statistically significant coefficient estimate of the KCFTA impact. Our results indicate that KCFTA independently increased Korea's exports to China by 10.2%, but that this increase was fully mitigated by the THAAD event. Further, our results verify that unobserved heterogeneity and multilateral resistance are technically difficult to account for in those estimations as that rely solely upon annual data, as this type of data are inadequate to control for the potential for endogeneity. Originality/value - This paper is one of the first studies to carefully evaluate the net trade effects of the KCFTA on Korea's largest trading partner while isolating the impact of simultaneously occurred political events that may influence trade in opposing directions. Our findings indicate that the lack of prior evidence of positive trade effects of the KCFTA when using annual data may be attributed to a failure to identify the impact of each event separately. This analysis supports using the correct modeling specification to avoid misleading conclusions when evaluating any important international trade policy.

• East Asian Economic Review
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• 제20권1호
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• pp.67-90
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• 2016

This paper provides an assessment of the potential economic impacts of the Vietnam-Korea free trade agreement on Vietnam, by using general equilibrium modeling. The results show that Vietnam-Korea FTA will increase aggregate welfare for both countries in the long run. The most important gains accrue from better allocation of resources consequent to trade liberalization. All the sectoral differences and changes are consistent with the trade profiles of the two countries, and the long-run results are more pronounced than those of the short-run. In comparison with other ASEAN countries, the CGE analysis suggests that Vietnam's agriculture exports to Korea would especially rise in the long run. However, there will be strong competition in this sector among ASEAN members. Thus, an earlier conclusion of a comprehensive FTA with Korea is expected to be a good strategy for Vietnam, so as to avoid the direct competition with ASEAN members in the future.

• KDI Journal of Economic Policy
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• 제41권3호
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• pp.77-96
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• 2019

This paper examines the relation between the skill premium and international trade given differences in the relative supply of skills across countries while allowing the South (developing countries) to develop its appropriate technology. Typical assumptions put forward in the literature state that either technology is exogenously given, or technical change is allowed only in the North (developed countries). I present a model of international trade with endogenous growth by allowing the South to direct its technology. The results show that more R&D is directed towards skill-augmenting technology in the North than in the South, in sectors with the same skill-intensity. Technical change induced by lowering trade costs can increase the skill premium in both the North and the South. This result can explain the empirical observation that the skill premium has increased within many developing countries after they experienced trade liberalization. Finally, the model predicts larger gains from trade compared with the model where technical change is either not allowed, or allowed only in the North.

• 통상정보연구
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• 제3권2호
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• pp.215-233
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• 2001

국제주의 질서나 지역주의 및 쌍무주의 질서가 일응 무역자유화를 지향하는 점에서 양자는 일치하면서도 후자가 역내 자유주의와 역외 보호주의라는 양면성을 가지므로 갈등과 모순이 있을 수 밖에 없다. 그러나 차선 이론이나 GATT나 WTO의 현실인정의 예외 규정으로 보완내지 공존관계에 있음이 현실이고 나아가 지역주의와 쌍무주의가 국제주의의 실험장이 될 수도 있다. 우리나라의 통상현안과 관련하여 볼 때 WTO출범에도 불구하고 이처럼 국제주의질서와는 별개로 지역주의 및 쌍무주의 질서가 현실적으로 공존함으로써 우리의 어려운 통상환경의요인으로 작용하고 있으므로 대국적인 통상정책으로 이에의 적절한 대응이 요구된다. 요컨데 우리경제가 OECD에 가입했고 선진경제대열에 진입하고 있음을 감안할 때 범세계적 시각에서 통상관련제도를 국제주의 질서의 측면에서 최대한 개편 보강하여 통상협력 하는 한편, 지역주의나 쌍무주의 측면에서도 권역별로 충화된 수단의 최적 Mix를 도출함으로서 조화로운 통상관계를 정립시켜 나가야 할 것이다.

• 통상정보연구
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• 제11권1호
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• pp.465-484
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• 2009

Since the launch of the GATT system, one of the most controversial topics in trade liberalization has been the conflict between culture and trade. The sticking point has been the necessity of cultural exceptions in trade rules. Some countries do not wish to allow further exceptions to basic principles even in cultural industry, while many other countries make their efforts to obtain "cultural safety valve." The latter group asserts that it is indispensable for the protection of cultural identity, whereas the former seems to doubt the truth of the assertion. That is because cultural policy measure possibly constitute a means of arbitrary or unjustifiable discrimination between countries, or a disguised barriers to trade in cultural products. Unfortunately, cultural exceptions still remain unresolved in the WTO, the successor to the GATT. This paper is to review the history and rules of multilateral trading system on cultural industry, address the critical issues to deal with in the DDA negotiations, and lastly provide some perspectives on the appropriate shape of the cultural safety valve.

• Journal of Korea Trade
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• 제23권3호
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• pp.84-104
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• 2019

Purpose - This paper explains why free trade agreements (FTAs) are more popular than customs unions (CUs) in respect of tariff coordination. Design/methodology - This paper employs an equilibrium theory of trade agreements with tariff coordination. I set up three-country partial equilibrium model with competing exporters. Domestic and exporting firms decide their optimal production under given tariffs and each country levies its tariff under the trade agreements. I found stability of implicit tariff coordination and preference of each country between an FTA and a CU. Findings - I demonstrate that two FTA members can keep their external tariffs higher than separately decided external tariffs by keeping the status-quo. This implicit tariff coordination can benefit each member through trade diversion. In a CU, each member country must have a common optimal external tariff and it must incur costs because each country may seek different external tariffs for their own national welfare. The benefit of implicit coordination in an FTA and the cost of explicit coordination in a CU account for the popularity of the FTA. Originality/value - This paper uses the idea of implicit tariff coordination in trade agreements. In a CU, tariff coordination is explicit and mandatory. All member countries must have a single common external tariff for each good. On the other hand, in an FTA, each country establishes its external tariff with the goal of maximizing its own welfare. However, each country can also coordinate "implicitly" by keeping the status-quo after establishing an FTA.

• Journal of Korea Trade
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• 제24권1호
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• pp.171-207
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• 2020

Purpose - This paper investigates the potential effect of the Regional Comprehensive Economic Partnership (RCEP) on trade liberalization among member countries in order to answer key questions in our research on whether the RCEP will be a cornerstone or just collaboration. Furthermore, it aims to measure the likely magnitude of the economic impact it has on its members. Design/methodology - Toward achieving research objectives, we developed a regional CGE model based on the GTAP 9 database. Findings - The simulation results show Korea, Australia, India, and Japan ranked the top countries with an average growth in GDP of 0.38 %, 0.36%, 0.29%, and 0.23%, respectively. Moreover, China and New Zealand followed with a percentage of 0.12% each. The lower economic performing group is the ASEAN group due to a contraction in GDP by 0.13%. Accordingly, there was a positive impact of the RCEP agreement on all member states, as empirically demonstrated. Furthermore, Korea is one of the countries that will benefit most from joining this agreement. Finally, this agreement is important; it has many economic benefits to member states, but it is not a cornerstone. Originality/value - The examination of the quantitative effects of tariff removal among the RCEP's countries is its value. We will address all member countries of the convention simultaneously using a regional CGE model GAMS language, where we employed a Mathematical Programming System for General Equilibrium (MPSGE) to establish a Regional CGE model. This study is directed to policymakers looking at evaluating RCEP agreement.