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Analysis of Environment-Related Investment Arbitration Cases under NAFTA and Their Implications for the Korea-U.S. FTA (NAFTA 환경관련 투자중재사건 분석과 한미 FTA에의 시사점)

  • Park, Deok-Young;Lee, Seu-Yeun
    • Journal of Arbitration Studies
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    • v.22 no.2
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    • pp.103-124
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    • 2012
  • Because the Korea-U.S. Free Trade Agreement (Korea-U.S. FTA) and the North American Free Trade Agreement (NAFTA) have an overlapping contracting party, the United States, their provisions have much in common. The investment chapters of these agreements, especially, show many similarities, and thanks to these similarities, it is likely that the Korea-U.S. FTA arbitration tribunal for investor-state disputes regarding the environment will put great weight on the NAFTA tribunals' interpretations of those similar provisions. Since the NAFTA tribunals have already handled many environment-related arbitration cases, their interpretations will help heighten the predictability of environment-related Korea-U.S. FTA arbitration cases. This paper analyzes the environment-related NAFTA cases in which the tribunal has issued an award, which are the Metalclad case, S.D. Myers case, Waste Management case, Methanex case, Glamis Gold case, and Chemtura case. According to this analysis, the most controversial NAFTA provisions have been Article 1102 (national treatment), Article 1105 (minimum treatment standard, fair and equitable treatment), and Article 1110 (expropriation). The NAFTA tribunals applied the requirement of these articles in a strict manner, reducing the possibility of finding a violation. After the aforementioned analysis, this paper proceeds to compare the national treatment, minimum treatment standard (fair and equitable treatment), and expropriation provisions of the Korea-U.S. FTA and NAFTA and to predict the impact that the environment-related awards under NAFTA can have on environment-related Korea-U.S. FTA cases. It is expected that the NAFTA interpretations of the national treatment and minimum treatment provisions are likely be used as they are, but not the interpretations of expropriation, because of the differences in the expropriation provisions of the two agreements.

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The Household Financial Management Activity in Korea and the U.S. Rural Families : Application of the Deacon & Firebaugh Model (韓國과 美國의 농촌가계의 재정관리행동 : Deacon & Firebaugh 모델의 적용)

  • Fitzsimmons, Vicki S.;Hafstrom, Jeanne L.;Im, Jeong-Bin
    • Journal of Families and Better Life
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    • v.9 no.1 s.17
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    • pp.81-94
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    • 1991
  • The Purpose of this study is to determine how Korean and United Sates families manage resourcese. Further, socioeconomic and social psychological determinants of frequency of family resoures management will be investigated for each country. Comparision of results well be made to find similarities and differences between Korea and the U.S. Most studies of family resource management have used urban samples, so this study adds to understanding of another segment of the populations. Family resource management variables, as dependent variables, were measured by asking respondents how often they used a variety of wasys to handle finances and time. Independent variables were : (a) total household income, (b) respondents education, (c) respondents ages, (d) householder size, (e) family adaptability, (f) family cohesion, and (g) interpersonal communications. Data for the Korean sample were collected in rural areas of South Korea during summer 1989, U.S. data were collected in two counties of Illinois. The data used in this study include 473 Korean samples and 301 U.S. families. In both samples, the respondent was the financial manager, the person who usually handled the finances and paid the bills. The data were analyzed by frequencys, t-test, and multiple regression analysis methods. As a results, U.S. respondents tended to engage in family resource management more frequently than Korean respondents. This could be attributed to a longer history of consumer education and financial management education taught in the public schools and through the Cooperative Extension Service in the U.S. Social-psycological variables were significant predictors of frequency of family financial management in both samples. the differences in both samples are that, in Korea, frequency of family financial management increased as household size and educational years increased, however, in the United States, the relationships of these variables were not significant. Some similarities and differences were found in Korea and the U.S. families, and this results represents that interpersonal communications are important determinants, even in different cultures. One hadn, the difference of socio-cultural factors result as the difference of some statisical differences. Findings from this study have important implications for research and education, and can be applicated to study of family resource management in other rural areas.

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Capability Assessment on Meteorological Technology - Comparative Study of Technological Prowess on Korea, U.S., and Japan - (국가 기상기술력 수준 평가 - 한국, 미국, 일본을 대상으로 한 비교 연구 -)

  • Kim, Se-Won;Park, Gil-Un;Cho, Changbum;Lee, Young-Gon;Yim, Deok-Bin
    • Atmosphere
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    • v.21 no.3
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    • pp.319-336
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    • 2011
  • The objective of this study was to assess the meteorological capability of Korea by comparing with that of the U.S. and Japan as of 2010. The research was conducted based on various indices and surveys, and quantified the results using the Gordon's scoring model. The index assessment used 11 items derived from 9 segments - surface observation, advanced observation and observations quality in the observation field; data assimilation, numerical model and infrastructure in the data processing field; forecast accuracy in the forecast field; climate prediction and climate change in the climate field - in this research, we classified the meteorological technology into four fields. In the survey assessment, another 10 items in addition to the above 11 ones (total 21 items) were used. In the field of climate, Korea was found to lag far behind the U.S. (96.5p) and Japan (90.5p) with 77.6 points out of 100, which is 18.9 and 12.9 points lower than them respectively. On the other hand, Korea showed the narrowest gap with Japan (95.3p) and the U.S. (94.2) in the forecasting field, recording 90.3 points. Particularly, in surface observation, infrastructure and forecast accuracy segment, Korea was on a par with the U.S. and Japan, boasting 100.5 percent compared to their counterparts. However, in advanced observation, data quality and climate change segment, Korea was only at the level of 81.5 percent compared to that of the U.S. and Japan. All in all, the technological prowess of Korea, scoring 84.6 points, stood at 89.7 percent of that of the U.S. (94.3p) and 91.9 percent of Japan (92.1p).

An Analysis on the Coupling of Korea's Economy and U.S. Economy through the Asset Market (자산시장을 통한 한국경제와 미국경제의 동조화 분석)

  • Kim, Jongseon
    • International Area Studies Review
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    • v.15 no.3
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    • pp.393-405
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    • 2011
  • Three different models have been consecutively employed with the U.S. yield curve and the Korean composite stock price index, firstly to see the coupling between the economies of the U.S. and Korea, secondly to find out the time consumed completing the coupling, and lastly to figure out the impact of the recent U.S. financial crisis on this coupling. This study has, first of all, produced an empirical research outcome which proved the existence of coupling between two countries' economies. The direction of this coupling was consistent with the general expectation that when the yield spread between the U.S. 10-year Treasury Note and the U.S. 3-month Treasury Bill increased which often occurred with better prospects of U.S. economy, the asset price of emerging economies including Korea also rose reflecting the accompanying change in investment atmosphere in favor of risk. It has also found out that the degree of the coupling was maximized with a lag of one week. And finally the recent US financial crisis has been revealed to reduce the degree of the coupling by as much as half in a regression model with a dummy variable.

A Study on Macroeconomic Linkages between the USA and Japan (미일간 거시경제적 연계성에 대한 연구)

  • Lee, Jai Ki
    • International Area Studies Review
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    • v.15 no.3
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    • pp.175-188
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    • 2011
  • This study aims to examine how the U.S. economic shocks affect the Japanese economy. It is widely believed that the U.S. economy has a significant effect on the Japanese economy. Actually, the U.S. accounts for a considerable amount of Japan's exports and imports. To the economic policymakers, it is very important to know how economic disturbances generated by the U.S. are transmitted to the Japanese economy. A vector autoregression(VAR) model is employed to investigate the international transmission channel of economic disturbances. The interactions of the U.S.-Japansese economy are investigated by using variance decompositions(VDCs). The results of this study provided the evidence that the U.S. economic shocks were important for the Japanese economy during the sample period. This study supports the notion of economic dependence of smaller open economy such as Japan as compared with larger economy such as the U.S.

The Study on Aging (노화(老化)에 대한 연구(硏究) (황제내경(黃帝內經)을 중심으로))

  • Baek, Sang-Ryong
    • Journal of Korean Medical classics
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    • v.12 no.2
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    • pp.176-183
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    • 1999
  • Each life has its own properties that distinguish one another. With this property, Oriental medicine suggests original diagnosis and treament. Our process of aging shows typical outline of cycle, i. e. from one's birth to death. Understanding the life cycle of men gives us very good hint to predict one's state of health, possible diseases, characteristics of disease in each term of his/her life cycle. It's because body and mode of diseases change according to age. Aging starts when $\breve{U}$m Essence(陰精)-the essence one receive from parents-dries up or when Deficient Fire(虛火) soars. Parts that compose our body-bones, muscles, flesh, etc.-gradually weaken and worn out as they no longer get support from Yang-Ki(陽氣), In "Yellow Emperor's Classic", aging starts around one's forties when $\breve{U}$m Essence(陰精) is reduced to less than half. However, what is usually accepted is that women start aging from 49 and men 64, regarding significant geriatric disease. As it is mentioned, aging starts with exhaustion of $\breve{U}$m Essence(陰精) which results in soaring Deficient Fire. Main symptoms are weak mental state due to Sin(神) disorder, and weak physical state due to Spleen and Stomacn(脾胃) disorder. Main principle in treating and preventing diseases related to aging is preserving $\breve{U}$m Essence(陰精), as well as fortifying Ki and Blood(氣血). To do this, Lung(肺)-which collects $\breve{U}$m Essence(陰精), and Kidney(腎) stores-which stores $\breve{U}$m Essence(陰精).

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A Study on U-Turn Location and Length Estimation at Signalized Intersection (신호교차로에서 U-Turn허용구간의 위치 및 적정길이 산정에 관한 연구)

  • Lee, Jung-Hwan;Park, Je-Jin;Ha, Tae-Jun
    • Journal of Korean Society of Transportation
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    • v.26 no.1
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    • pp.203-213
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    • 2008
  • U-Turn offers convenience to drivers. U-Turn increases efficiency of traffic flow. But Standard of U-Turn is not clear. It caused many problems of traffic flow and traffic safety. This study estimate length between U-Turn location with front intersection based on stopping sight distance and left-turn vehicle's queue length. Variables are used traffic volume and operation speed. This study Analysis of U-Turn vehicle's behaviors and classification of conflict form by investigation. U-Turn length estimating based on relationship analysis between conflict with U-Turn length. Variables are used lane changing angles and operation speed. This study estimates length between U-Turn location with back intersection based on gap acceptance theory. Variables are used traffic volume, operation speed and lane changing angles. So, U-Turn location and length estimated considering traffic flow and traffic safety.

Sulfurization Reaction Characteristics of Eu-doped Uranium Oxides (유로퓸 고용(固溶) 우라늄산화물(酸化物)의 황화반응(黃化反應) 특성(特性))

  • Lee, Jae Won;Park, Geun Il;Lee, Jung Won
    • Resources Recycling
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    • v.22 no.3
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    • pp.57-64
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    • 2013
  • Sulfurization reaction characteristics of $Eu_2O_3$, uranium oxides($UO_2$, $U_3O_8$), mixture of $Eu_2O_3$ and uranium oxides, Eu-doped uranium oxides($(U,Eu)O_2$, $(U,Eu)_3O_8$), and phase-separated products prepared by HOX (High temperature OXidation) of $(U,Eu)O_2$ were investigated in the temperature range from 400 to $800^{\circ}C$. Only $Eu_2O_3$ in the mixture of $Eu_2O_3$ and uranium oxides was converted into $Eu_3S_4$ by sulfurization reaction at $450^{\circ}C$ without reaction between them. Sulfurization reaction behavior of $(U,Eu)_3O_8$ and $(U,Eu)O_2$ up to $600^{\circ}C$ was similar to $U_3O_8$ and $UO_2$, respectively, while they were sulfurized into Eu-rich $(U,Eu)S_x$ and ${\alpha}-US_2$ at $800^{\circ}C$. In the sulfurization of RE-rich $(U,Eu)_4O_9$ and $U_3O_8$ prepared by high temperature oxidation, it was confirmed that RE-rich $(U,Eu)S_x$ and UOS phases were formed at $600^{\circ}C$. For Eu-rich $(U,Eu)O_2$ and $UO_2$ prepared by reduction of HOX products, it was identified that Eu-rich (U,Eu)OS was formed at $450^{\circ}C$ by sulfurization of Eu-rich $(U,Eu)O_2$, while $UO_2$ remained unreacted.