• Title/Summary/Keyword: 무역학

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The Development of South-Song Period Trade and Perfume - Focusing on the Marine Trade of the South-Song Period - (송대(宋代) 무역(貿易)의 발달(發達)과 향료(香料) - 남송시대(南宋時代) 해상무역(海上貿易)을 중심(中心)으로 -)

  • Kang, Jang-Hee
    • Journal of the Korean Society of Marine Environment & Safety
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    • v.13 no.1 s.28
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    • pp.75-92
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    • 2007
  • This article is to investigate the development of seamanship and the art of ship building, marine environment, Silk Road through the sea, and spice exchange at the trade growth of Song Dynasty. For better understanding marine environments, I exemplified what goes before such essential factors as experience and skills in maritime activities. I also demonstrated that South Song Dynasty's abundant economic strength and foreign opening strategy had been supervised systematically through the trade management organization and noted that the nation's overseas exchange had made great effects on its society. The import of the perfume provided the cause where the western influence occupies the orient in the same time when it is a keychains of the orient and the western interchange. For this reason, perfume, which once contributed 1/20 of the revenue, enlarged its portion to 1/10 of the revenue. This indicates the influence of perfume on the national finance in the Song period.

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An Empirical Study on the Technology Innovation Distribution, Technology Imitation Distribution and New International Trade Theory (기술혁신분포, 기술모방분포 그리고 신 국제무역이론에 대한 실증연구)

  • Cho, Sang Sup;Min, Kyung Se;Cho, Byung Sun;Hwang, Ho Young
    • Journal of Korea Technology Innovation Society
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    • v.21 no.2
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    • pp.860-874
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    • 2018
  • This study aims at empirical analysis of the new international trade theory (Melitz, 2012, 2014, 2015). The new international trade theory is centered on the effect of heterogeneous firms on the technological competitiveness on the trade effect and resulted from the important assumption that the form of the enterprise technology distribution determines the trade effect. This study empirically estimated the distribution of enterprise technology in Korean manufacturing. For the purpose of this study, we divided Korea's total enterprise technology distribution into technological innovation and technical imitation distribution, then statistically verified the distribution type and evaluated the appropriateness of the new international trade theory. Based on the empirical results of this study, we briefly suggested the direction of technology policy.

An Analysis on the Trade Competition of Major Industries Following the Completion of Korea-Central America FTA (한-중미 FTA 발효에 따른 주요 산업 수출경쟁력 분석에 관한 연구)

  • Kim, Jeong-Hwan;Ahn, Tae-Kun
    • Journal of Korea Port Economic Association
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    • v.36 no.4
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    • pp.107-120
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    • 2020
  • This study analyzed the competitiveness of major export industries following the FTA between Korea and five Central American countries. Findings revealed that Korea mainly exports industrial products such as ships, automobiles and parts, steel, and electronic devices, and it imports raw materials and agricultural products such as coffee and copper, indicating a complementary trade structure. Similarly, the trade specialization index analysis revealed that Korea specialized in exporting industrial products such as ships, automobiles, steel, and machinery, and in importing primary products such as copper and coffee. Products such as ships, steel, and machinery, which are major export items to Central America, are expected to further strengthen their competitiveness due to tariff cuts. In addition, it is expected that the demand for medicines and medical supplies could increase in future due to the COVID-19 pandemic. This study attempted to present implications for establishing export strategies by analyzing the competitiveness of Korea's major export industries in the Central American market, in accordance with the Korean-Central American FTA. These findings could be used as basic data for future entry into South America as a bridgehead in the Central American market.

The Impact of Globalization and Factor Abundancy on Income Inequality (세계화와 요소부존도가 소득불평등에 미치는 영향 분석)

  • Choi, Young-Jun;Piao, Dan-Dan
    • Korea Trade Review
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    • v.42 no.6
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    • pp.51-67
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    • 2017
  • This study analyzes the relationship between globalization and income inequality. The empirical model is developed based on Kuznets' hypothesis of the inverse U curve. The effects of factor abundancy and globalization which is characterized by trade and FDI on income inequality are analyzed. 127 member countries of WTO are classified into 4 groups according to GNI. The period of analysis is 21 years from 1995 to 2015. Results show that 3 groups of countries excluding one group that is high income countries supports Kuznets' hypothesis which is the inverse U curve. Secondly, expansion of trade decreases income inequality of middle income countries but increases high and low income countries. Thirdly, FDI increases income inequality of middle and low income countries. Finally, the increase in capital abundancy lowers income inequality because the capital accumulation increases the productivity of labor.

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Global Value Chains Perspective of Korea Foreign Direct Investment (OFDI) and Policy Direction (GVC(글로벌가치사슬) 관점에서 본 한국의 해외직접투자 현황과 정책방향)

  • Jung, Moo-Sup;Yang, Young-Soo;Kim, Dae-Young
    • Korea Trade Review
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    • v.41 no.4
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    • pp.245-267
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    • 2016
  • The purpose of this study is to investigate the current situation of foreign direct investment of Korea based on GVC (Global Value Chain) perspective and to presentthe policy direction. From GVC perspective which comprehensively describes the world's increasing FDI and imports/exports phenomenon since the 2000s, the level of internationalization of Korea is excessively concentrated in trade. Therefore, the expansion of foreign investment (OFDI, IFDI) is urgently needed. The results of regression analysis using data from 50 countries and the international comparison of major countries including Germany, Switzerland, Singapore, etc, showed that the level of foreign direct investment of Korea is 20 to 30 years behind compared to those major countries. Therefore, exploiting the benefits of trade and foreign direct investment at the same time is needed to increase the level of GDP per capita.

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Ways to Improve Activation of Port-Type Free Trade Zones (항만형 자유무역지역의 활성화를 위한 제도 개선에 관한 연구)

  • Park, Jae-Kyu;Jo, Mi-Ji;Kim, Hwan-Seong
    • Journal of Navigation and Port Research
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    • v.44 no.6
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    • pp.524-533
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    • 2020
  • The free-trade-zone system has been implemented in industrial-complex-type free-trade zones with a focus on the manufacturing industry since 1970, and was intended to attract foreign investment and increase trade by providing benefits such as tax reduction and deregulation to tenant companies. However, foreign investment in these industrial-complex-type free trade zones has decreased significantly. On the other hand, port-type free-trade zones have great potential to attract foreign investment for development due to the increase in port traffic. The developmental trends in the free-trade-zone system have been studied primarily in the manufacturing industry, and those studies must be extended. In this paper, the role and operation of free-trade zones are examined and problems highlighted. We analyzed a business model specialized in port-type free-trade zones to identify problems, propose measures to improve the system for re-exporting domestic goods to the customs area for storage, and upgrade overall operations. The effects of our measures were analyzed by simple simulation. These proposed improvements in the operation of port-type free-trade zones will help attract foreign companies to these international logistics hubs and global delivery centers.

Logistic Performance Impact on FDI Inflow in Developing Countries (물류성과가 개발도상국가의 외국인직접투자에 미치는 영향 분석)

  • Jun, Sung-Hee
    • Korea Trade Review
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    • v.43 no.2
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    • pp.23-45
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    • 2018
  • Logistic costs refer to trade costs, but it could influence FDI as well as global trade. Multinational corporations choose the geographic organization to produce their products. Therefore, it involves many countries to produce one product. International trade between countries more frequently involves the trade of raw materials, components, and unfinished goods. This implies that countries with better logistic performance are attractive for investment because of low transaction costs. Using the logistic performance index provided from the World Bank, this paper investigates the impacts of logistic performance on FDI inflow to developing countries. Results show that infrastructure and timeliness have a positive effects on FDI inflow to low income countries. In the case of middle income countries, timeliness has a negative effect on FDI inflow. This discrepancy between the low- and middle- income countries comes from the different motivation. FDI for low income countries primarily attempts to minimize labor costs. However, FDI for middle-income countries seems to be motivated to reduce labor costs and expand sales markets. FDI inflow in low-income countries serves as part of the offshoring or global outsourcing of multinational corporation.

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