• Title/Summary/Keyword: Economic Reforms

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China's Maritime Strategy (중국의 해양전략)

  • Lee, Won-Bong
    • The Journal of Information Technology
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    • v.12 no.1
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    • pp.35-56
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    • 2009
  • After Chinese reforms and market opening, China actively started working on ways to attach importance to the ocean and it's maritime strategy has been developed and carried out by external and internal factors. We can take two things as external factors attributed to China's marine strategy. The first one is maritime environment change in the East Asian region and the second one is the strategic importance of Taiwanese Straits and the South China Sea. And we can take about national strategy, security strategy, and change of foreign policy as internal factors. China recognizes the ocean as a major step to achieve a goal of national development. The main goal of China's marine strategy in the 21st century is to secure marine transportation and marine resources and to make peaceful maritime environment in the ocean to keep up with their economic development by opening itself to the world. China has strengthened their defense abilities to act against threat of national security by modernizing sea forces and increased national power by building up the marine power. It is expected that China will continue to seek more aggressive maritime strategy on matters of national security as well as pour heir efforts into making economic development and obtaining energy resources. This will also be one factor making new dynamics between countries in and around the East Asian region.

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The Impact of Trade Facilitation on the Extensive and Intensive Margins of Trade: An Application for Developing Countries

  • Lee, Hyo-Young;Kim, Chong-Sup
    • East Asian Economic Review
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    • v.16 no.1
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    • pp.67-96
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    • 2012
  • Previous literature has looked merely into the effect of trade facilitation on aggregate trade, or analyzed trade growth using the extensive and intensive margins. This paper blends these two lines of research for a detailed analysis of the impact of trade facilitation on trade by using highly disaggregated trade data and a more composite index for measuring trade facilitation, also taking into account the export sectors and income levels of countries. As a result, this paper finds that developing countries with higher trade facilitation levels export a wider range of products, especially primary goods. While trade facilitation levels do not have a statistically significant association with trade at the intensive margin in general, further analysis shows that the impact of advanced trade facilitation is the largest for lower middle-income countries in primary goods trade at the intensive margin, and the largest for upper middle-income countries in manufactured goods trade at the intensive margin. More importantly, our policy simulation results suggest that trade facilitation-related policy reforms enable developing countries to benefit from increased trade in manufactured goods at the extensive margin.

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Labor Market Restructuring and Unemployment of Young-Adult Workers : Analysis and Policy (현 노동시장 구조조정과정에서 겪는 청 ${\cdot}$ 장년층의 실업문제와 정책과제)

  • Jang, Chang-Won
    • Korea journal of population studies
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    • v.21 no.2
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    • pp.83-112
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    • 1998
  • The unemployment rate in Korea increased sharply since the deep economic depression. The rapid increase of unemployment rate is attributed, in part, to economic shock, but more basically to the structural problem of labor market. Moreover over 2-3 years later, the labor market perspective looks dismal. To overcome the labor market crisis, the fundamental reforms aimed at improving the labor market function is required. Thus the focus of policy should shift from reducing unemployment to increasing employment.

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Critical Factors Influencing Satisfaction of Employees to Their Working Place: An Empirical Study in Vietnam

  • KHANH, Vo Thi Van
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.7
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    • pp.275-283
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    • 2021
  • Globalization has greatly contributed to an increased need for improvement of human capital, and particularly in the development of the real estate and construction sector. Since the political and economic reforms in 1986, Vietnam has experienced a strong economic performance. The real estate and construction sector is one of the fastest growing industries in Vietnam, accounting for approximately 7.6% of GDP in Vietnam. The aim of this study is to identify critical factors influencing the satisfaction of employees to their working place. The sample data collected was from 265 employees, managers and staff in real estate and construction companies in Vietnam. After revising the missing data, and the errors, 240 valid respondents are selected. In addition, the analysis also employs SPSS software by discussing descriptive statistics, Cronbach's alpha test, exploratory factor analysis (EFA), and regression analysis. Our empirical findings show that a company offering greater wages can positively affect the satisfaction of employees to their working place in the real estate and construction sector. In addition, a firm with a superior working relationship and working environment has a positive and statistically significant impact on the satisfaction of employees to their working place.

Tracing Fiscal Sustainability in Malaysia

  • LAU, Evan;LEE, Alvina Syn-Yee
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.91-98
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    • 2021
  • One of the concerns in the economic policy circle is the fiscal sustainability. This current research revisit the notion of fiscal sustainability for Malaysia using the Indicator of Fiscal Sustainability (IFS) developed by Croce and Juan-Ramón (2003) where we employ samples of time-series data from 1970 to 2017. The findings reveal that 40 out of 48 years, during which the calculated IFS algorithm is above the threshold of 1, imply Malaysia was fiscally unsustainable. Despite having been fiscally unsustainable, Malaysia's fiscal stance shows improvement as a result of fiscal consolidation and fiscal reforms during the sample period. This is shown by the improved calculated IFS algorithm on average, which the value improved from 1.465 in 1970-1993 to 1.377 in 1998-2004 and to 1.146 in the 2006-2013. From the policy front, this indicator can serve as a precautionary early warning measure in formulating future fiscal path for Malaysia. This can be executed by targeting debt ratio and shifting the allocation of expenditures away from less efficient toward more growth-enhancing ones, which eventually would regain fiscal space to counter any incoming economic shocks in the future. This can enhance the fiscal transparency and assist in formulating a fiscal policy strategy in Malaysia.

Gender Wage Gap in Rural Labour Markets: An Empirical Study of North East India

  • SINGH, Salam Prakash;NINGTHOUJAM, Yaiphaba
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.6
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    • pp.151-158
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    • 2022
  • Even after three decades of economic reforms, India's labor market is characterized by stark inter-gender differences in terms of both participation rate and working time. Identification of the causes is necessary to remove the disparity and unequal sharing of economic opportunities to make way for women's empowerment. This research attempts in that direction, examining the prevalence of these inequities in rural areas of North-East Indian states using unit-level data from the 2017-18 Periodic Labour Force Survey (PLFS). The methodology for the estimation here is based on Blinder- Oaxaca decomposition method after correcting for sample bias forwarded by Heckman. The analysis shows that in both labor force participation and the wage gap, the females in the region lag behind their male counterparts by a huge margin. Further, the analysis shows that one of the main factors leading to the difference is the disparities in human capital assets. On top of female educational enrollment being low, there is also a huge lack of higher educational attainment, while males have accomplished much better in both the parameters. Moreover, the presence of social stigma against women working and discrimination put the female labor outcomes in a gloomy state.

New Approaches to the Formation of the Food System in Modern Conditions

  • Kulaiets, Andrii;Kulayets, Mariia;Shynkaruk, Lidiia;Kendus, Daria;Gerashchenko, Mykyta
    • International Journal of Computer Science & Network Security
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    • v.22 no.10
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    • pp.51-56
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    • 2022
  • The main purpose of the article is to analyze the main approaches to the formation of the food system in modern conditions. The constant growth of the population, the increase in the level of use of natural resources against the background of a decrease in their reserves causes a number of risks for the food security of both a person and the country as a whole. The problem of the formation of food security has always remained at the center of scientific interests of both domestic and foreign researchers. In the context of globalization, this issue is considered as one of the key global problems in the system. Theoretical and metodological basis studia systematic approach to study of fundamental provisions of economic science regarding the formation of the food system. Based on the results of the study, the main approaches to the formation of the food system in modern conditions were characterized. The study has limitations associated with the lack of the ability to analyze the food system on the practical activities of a single socio-economic system.

Integrated Operation Concept of Terminal Control Areas for Efficient Use of Airspace (공역 효율화를 위한 접근관제구역 통합운용 개념 연구)

  • Chang, Man-Heui;Jo, Sanghoon;Lee, Eunju;Kang, Ja-Young;Yoo, Byeong-Seon
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.22 no.1
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    • pp.108-113
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    • 2014
  • Recently increase in the number of aircraft caused the air traffic congestion and flight delays. If timely action to reform the air traffic system is not taken, these may result in added economic impact. As a result, the air traffic management should be changed in an innovative manner to modernize the existing air traffic control environment. This paper reviews the trends of airspace reforms such as integration of terminal control areas and flexible use of airspace introduced by foreign countries and compares their merits and demerits in order to provide a judgement to adopt the concept in domestic airspace in the future.

The Corridor Development of Eurasia High-Speed Railway Network (유라시아 고속철도의 Corridor 개발에 관한 연구)

  • Lee Yong-Jae
    • Proceedings of the KSR Conference
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    • 2004.06a
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    • pp.461-471
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    • 2004
  • The primary objective of this paper is to investigate the corridor of Eurasia High-Speed Railway Network from the governmental view of the Republic of Korea, whose High-Speed Train has been recently operated. The country is also expected to figure out the changes of Eurasia infrastructure system under the assumption that Trans-Korean Railway is connected to the Continent. As a result of research, the corridor connecting the TKR to TSR seems to be more attractive to the Republic of Korea than that of the TKR-TCR under the current economic and operational environments. However, even in a case, the railway linkage through the TSR between Europe and Asia should remain a supplementary means of the sea transportation route. Lastly, TSR may need a program of structural reforms, in order to continuously provide preferable services like the Pan-European Transport Network (PETN) which is currently initiated by the European Union, such as to improve outdated infrastructure (railway, bridges, signal systems, etc.), to simplify and to standardize the process of custom clearance and internal tariffs, and ultimately to construct a uniform management system for the corridor linking the TKR to TSR.

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A Study on the Internet Marketing Strategic of Food Service (외식산업의 효과적 인터넷 마케팅 전략방안에 관한 연구)

  • Lee, Sung-Il
    • Culinary science and hospitality research
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    • v.7 no.1
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    • pp.181-202
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    • 2001
  • Recently there is growing concern regarding the service industry in Korea, especially the food service industry. The form of food service industry has become larger and speciallized by means of either implementing marketing programme in individual companies or the entrepreneurs' possesstion of chain stores. As the food service industry has extended throughout the whole of Korea, It has contributed enormously to the regional economy. These phenomena is based on the following facts; the increase in income level, the fast economy growth and change, rapid reform of social structure, and the change in status of the labor population. To meet these changes and reforms the food service industry in Korea has to form a new ideology that takes into account the interaction with globalization, the phenomena of instant-food consumption habit, a general increase in the those who eat-out, the two faces of luxury, and the blending of domestic extravagance and practicality, especially the influence of imported brands on advance technology and system utility on the economic section and style as a whole.

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