• East Asian Economic Review
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• 제21권1호
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• pp.59-80
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• 2017

This paper examines the operational limitations of the Chiang Mai Initiative Multilateralization (CMIM) as a regional financial safety net in East Asia and presents a new regional financial arrangement. To overcome the drawbacks of the Chiang Mai Initiative Multilateralization which has never been activated so far, this study proposes that ASEAN+3 establish a new lending facility, so-called a Reserve Fund Facility, and create a regional common reserves asset. The proposed Reserve Fund Facility framework guarantees lending automaticity of the liquidity facility, based on upfront funding instead of pledge funding. Establishing the Reserve Fund Facility could find a way of making up for weakness of the Chiang Mai Initiative Multilateralization and responding to the regional needs for effective regional financial arrangement. The full-fledged Reserve Fund Facility will ultimately contribute to the future development of East Asia's monetary and financial cooperation beyond the Chiang Mai Initiative Multilateralization.

• 지역연구
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• 제8권2호
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• pp.1-9
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• 1992

One of the problems associated with the current system of land development projects implemented by the public sector in Korea is that various service facilities are not ready in time for the occupation of residential dwelling. A major cause of the problem is the lack of financial arrangements which would smooth the cash-flow of the suppliers of the facilities during the project period. In this paper we present two schemes which will contribute to the optimal provision of service facilities by easing the financial constraint facing the land developers and suppliers of the facilities. The first scheme involves channeling a fraction of profits from a land development project and of the proceeds of mandatory sales of Type II National Housing Bonds as a loan to the suppliers of the service facilities. The second scheme considers the participation of the private sector in the project as a member of a consortium comprising the Korea Land development Corporation, the National Housing Fund, and private developers. It is proved that each scheme is superior to the current system. as well as entailing a very small cost.

• 한국환경교육학회지:환경교육
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• 제4권1호
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• pp.89-211
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• 1993

The Korean government embarked upon ambitious economic development plans in the 1960's the goals of development policy at that time were the elimination of absolute poverty and the alleviation of unemployment. With scant natural resources, the government had to push for industrialization based upon borrowed foreign raw materials with surplus local labor. Preoccupation with the economic goals of industrialization and export expansion left little room for considering environmental protection. It is evident that Korea's exported industrialization strategy of the past three decades has been a success in terms of income, production, and other macroeconomic indicators, but it cannot be denied that a host of undesirable side-effects have been created. These include environmental problems. congestion in several large cities, poor wealth distribution, and regional disparities. The environmental problems were recognized even in the early stage of development, but preoccupation with the pending economic goals of industrialization and export expansion left little room for considering environment protection. The perceived and actual seriousness of the problems, however, has reached such a level that further negligence may imperil political stability and developmental problems facing the world arise from a world economic order characterized by ever expanding consumption and production, which exhausts and contaminates natural resources and creates and perpetuates gross inequalities between and within nations. It will be necessary to develop new culture and ethical values, transform economic structures, and reorient, our lifestyles. Changing lifestyles can not be promoted by government policy initiative alone but through self=generated educational efforts and mutual training by people themselves. The citizens group for environment (NGOs) should assume these educational and training responsibilities starting from grass-root level of people. It must be reawakened to the reality that the environmental preservation for better quality of life is based on the development of human relationships, creativity, spirituality, reverance for the natural world and celebration of life, and is not dependent upon increased consumption of non-basic material goods. To carry on such environment education social movements and NGOs should (1) provides educational methodologies, which focus on values clarification and moving beyond clarification and moving beyond blame to constructive action. (2) provide training for leaders of business and industry, government, union and others on consumption and production. (3) initiate and support the training and work of environmental counselor who encourage responsible consumption. (4) cooperative with media to initiate and strengthen educational programs on the social environmental programs on the social environmental impacts of consumption and production and to build awareness of consumer responsibility and potential. Economic and social development can be compatible with environment protection : both can be achieved simultaneously. Effective environmental management depends on the various factors : political will, institutional arrangements, appropriate legislation, and availability of the requistite financial and technological resources, which is possible with a strong public awareness of the importance of environmental preservation.

• 국제지역연구
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• 제13권1호
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• pp.135-156
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• 2009

EU의 동방확대가 동유럽 국가들에 가져온 경제적 효과는 긍정적이지만, 동유럽의 경제규모는 EU GDP에서 차지하는 비율은 아직 미미한 편이다. 또한 동방확대에 의해서 경제적·사회적 불균형이 확대될 수도 있다. 그러나 동유럽의 EU 가입은 대외무역 활성화와 외국인 직접투자와 기술 이전에 의한 생산성 향상 그리고 경제개혁 진전 등을 가져올 수 있다는 점에서 희망적이다. EU의 동방확대에 따른 경제 환경 변화는 러시아와 동유럽의 경제협력을 위한 새로운 패러다임 형성의 필요성이 대두되고 있다. 현재 러시아와 동유럽 양자 경제교류 현실의 특징은 비대칭성이다. 현실을 반영한 보완성 패러다임 - 에너지·원료와 고부가 가치 제품의 교환 - 형성이 필요하다. 동유럽은 러시아의 일차상품에 의존한 렌트 경제인 상태이기에, 이러한 불안정성은 오히려 EU 경제에 손해를 가져올 수도 있다. 따라서 무역을 통한 경제구조의 고도화를 가능하게 하는 산업 협력 패러다임에 - 산업의 분업화에 의한 수평무역, 위탁 가공 등 - 근거한 공통경제 공간 만들기가 필요하다. EU 확대에 따른 러시아와 동유럽의 대외무역과 외국인 직접투자 환경의 변화는 산업 협력을 촉진해 새로운 경제협력 체제 구축이 가능할 것이다. 국제경제의 현 추세가 글로벌화와 지역화 경향이 동시에 이루어지는 상황에서 러시아와 EU 간의 새로운 경제협력 패러다임 구상은 중요한 문제이다. CIS 서부지역 및 에너지 안전 보장 그리고 칼리닌그라드와 경제협력 등의 지역협력 키워드가 존재하기 때문에 산업협력 패러다임을 통한 경제협력 체제 구축이 가능하다.