• The Southeast Asian review
• /
• v.21 no.3
• /
• pp.139-203
• /
• 2011

This paper attempts to review of recent development of ASEAN financial integration and to evaluate it and predict its future aspect. For this purpose, we first examine the historic aspect of ASEAN financial integration such as ASEAN financial service open agreement or ASEAN capital market forum report and currently agreed integration plan. In addition, we study the development stages of ASEAM member countries in terms of its economic size or income level. Finally, we look at the financial market and institutional aspect of ASEAN member countries and the recent development of global financial market. From these analyses, we find several important facts. First, it is true that ASEAN, in general, will enjoy the effect of expanding regional investment and improving the quality of financial service through the financial integration. We think that its long term benefit is too large for ASEAN member states to avoid. Second, as a result, it is certain that ASEAN will corporate further to make its financial market to be integrated in the future. Third, however, despite these benefits and continuing efforts, we expect that it will be very difficult for ASEAN to reach a stage of financial integration as suggested in the Blueprint of ASEAN Economic Community by the year of 2015. The large difference among member states in term of economic and financial development will not allow for them to reach a single goal within a short time. Instead, we expect the following scenario for the integration process will hold. First, ASEAN will reach an agreement on the institutional framework by 2015 and afterwards, slowly the markets will begin to integrate. Second, at the earlier stage, not all but some countries will start the integration process. We expect that the financial market of ASEAN 5 will first be integrated and other 5 will join to it later.

• International Area Studies Review
• /
• v.15 no.3
• /
• pp.325-348
• /
• 2011

This paper analyses how China is likely to be able to sustain its current pace of growth. The results of analysis show that China's economic growth matches standard growth patterns identified by the models of economic development such as structural change, catching up model. Furthermore, China's economic growth, within these analytical frameworks, matches those of Korea at an earlier stage of her development. So Korea's growth patterns may well apply to the future of China such as the benefits of free society with economics and politics which generate technical progress and innovations. A country with a high innovative capacity is one whose institutions - educational, economic, political, legal, and so forth - allow it to dynamically and continually generate new products and services in a myriad of sectors. These are the way how China is likely to be able to sustain her economic development.

• Economic and Environmental Geology
• /
• v.39 no.1 s.176
• /
• pp.53-61
• /
• 2006

Geochemical and sedimentological analyses of sediment piston core were used to trace paleoceanographic environmental changes in the East China Sea. The analytical results revealed three lithostratigraphic units (I, II, and III) corresponding to a highstand stage, a transgressive stage, and a lowstand stage, respectively. Accelerator mass spectrometry (AMS) $^{14}C$ dated the boundaries between the units as 7 ka and II ka. That is, Unit I extended from the present to 7 ka, Unit II occupied a transitional episode from 7 to 11 ka, and Unit III was older than 11 ka. The transitional episode was characterized by sudden fluctuations in various geochemical proxies. Most strikingly, there was a gradual upward increase in both carbonate and total organic carbon (TOe) contents post-7 ka, during which time the ${\delta}^{l3}C$ values of organic material increased to a constant value. The gradual upward increase in the TOC and $CaCO_3$ contents in Unit I were accompanied by slight variations in grain size that probably reflect a stable modern oceanographic environment. Within Unit II (7 to 11 ka), the geochemical signals were characterized by abrupt and steep fluctuations, typical of a transgressive stage. Vertical mixing may have provoked an increase in productivity during this interval, with large amounts of terrigenous organic matter and/or freshwater being supplied by neighboring rivers. The geochemical signals remained stable throughout Unit III but exhibited different patterns than signals in Unit I. The high terrigenous organic matter content of Unit III suggests correspondence to a lowstand stage.

• World Technopolis Review
• /
• v.3 no.3
• /
• pp.153-164
• /
• 2014

It is recent that STEM (Science, Technology, Engineering and Mathematics) education emerged as a great concern of the U.S. policy makers in terms of securing national and regional competitiveness. However, few attempts to embrace STEM education as a source for sustainable regional growth have been made mainly due to methodological challenges. This paper investigates the role of STEM education in achieving sustainable economic growth. For the purpose of the paper, a U.S. federal workforce development program named Workforce Innovation in Regional Economic Development (WIRED) in Southeastern Virginia that was implemented between 2007 and 2010 is selected and evaluated qualitatively. By identifying three themes as a result of three-stage coding methods, the evaluation results call for particular attention of local policy makers and key stakeholders to STEM education as a source of sustainable long-term economic growth in regions.

• The Journal of Asian Finance, Economics and Business
• /
• v.7 no.1
• /
• pp.101-110
• /
• 2020

Energy and energy consumption play an important role in strategies for socio-economic development of the country. In 1995, Vietnam officially entered the 500 kV North-South transmission power line exploits, with a full length of 1,487 km. The purpose of this study is to investigate the breakpoint and the transition effect of energy consumption to economic growth in Vietnam during the period of 1980-1994, and 1995-2016. The Autoregressive Distributed Lag (ARDL) approach and the Bounds test are used to test for the presence of cointegration, whereas the Toda and Yamamoto procedure Granger causality test is used for the direction of causality. The result of the Bounds test validates the existence of cointegration among the included variables. The empirical results provide evidence that energy consumption has a positive impact on the economic growth of Vietnam in the long run. The causality test shows that there is bi-directional causality between energy consumption and economic growth, supported feedback hypothesis. There is a breakpoint in 1995 and the contribution of energy consumption in economic growth in the period of 1995-2016 is lower than the stage 1980-1994. This study suggests Government authorities explore new sources of energy to achieve sustainable economic development in the long run.

• Journal of the Korean Geographical Society
• /
• v.38
• /
• pp.37-59
• /
• 1988

The aim of this study is to investigate the influence of the technological changes on locational changes on the assumption that technological changes cover over all industrial sectors. The study is carred on 1) To investigate the theoretical backgrounds of the technological and locational changes and their problems. 2) To investigate the location and economic characteristics of the Korean textile industry. 3) To investigate the technological development and regional variations in technological level. 4) To the relationship of the technological change to the location of the textile industries. The locational change of the Korean textile industries have been closely related to economic characteristics. In the begining stage of development in the 1950's, thetextile industries were largely concentrated in the major cities(Seoul, Pusan, Taegu, Masan et. al.). In the growing stage of development in the 1960's, the textile industries were relocated in suburban areas with the trend of large corporations building their branch plants of chemical fibers in the suburbs. With the expansion in the export industry in the 1970's, the textile companies were distributed throughout the whole country. But the research and development(R&D) activities caused the textile industries reconcentrate around Seoul and Pusan, owining to the change of the economic environments in the 1980's. The 1980's have witnessed the increased R&D investment for the development of better new and value-added products. This was because the technological level was much higher than that of Taegu and Other regions. What is more, plant birth location and branch plant location support that locational changes of textile industry were caused by technological changes. Plant birth location put stress technological environments of region, compared with branch plant locaiton. Accordingly, the technological changes of industry can be an important factor in locational changes. Through this study, it can be seen that locational changes come from technological changes. Other locational factors influence the industrial locations, but regional variations in technological level which has been relatively ignored has to be considered on the location study. Together with the accomplishments of existing location study, the study on technological change and location can better explain the location phenomena. And further research on technological change and location can provide better policy implications for regional development.

• International conference on construction engineering and project management
• /
• 2005.10a
• /
• pp.947-951
• /
• 2005

This paper studies the economic development situation of eastern, central, and western regions in China, and the functions of Chinese universities, which include education, research and contribution to the society. A new Chinese innovation system has been emerging in forms of university-run enterprise. The commitment of Chinese government to further introduction of a market economy has been elaborated with a focus on the relations between university and industry. A new regional development scheme by using of the functions of university is considered as the effective strategy to promote economic development of China in this stage.

• Knowledge Management Research
• /
• v.20 no.2
• /
• pp.197-216
• /
• 2019

The Korean government has been focusing on supporting technology startups to solve social and economic problems such as low growth, declining economic growth rate, rising youth unemployment rate and lack of new growth engine. Although the failure rate of young technology startups is very high, relevant researches are still scant. On the basis of previous researches, this study has identified four growth factors of technology startups: characteristics of entrepreneurs, technical superiority and originality of business items, focused marketing strategy, and follow-up government support projects. Five young technology startup cases were selected and analyzed in the cosmetics industry which were supported by the Six-month Challenge Platform project of Chungbuk Creation Economic Innovation Center. The main findings of the case study were as follows: First, product development through inhouse R&D rather than external contracted R&D was beneficial to acquiring follow-up government support projects and external investment. Second, choosing a small niche market and concentrating marketing efforts on the target market had a positive effect on firm performance. And, third, relevance of entrepreneurs' college major and technological originality of business items were confirmed to influence firm performance positively in the early stage. The results are expected to help young technology startups survive successfully and establish a foothold for growth in their early stage.

• Proceedings of the Korean Institute of Building Construction Conference
• /
• 2020.06a
• /
• pp.208-209
• /
• 2020

There is no disagreement that the construction sector will play an important role in inter-Korean economic development cooperation. However, very few studies have been made at North Korea's construction technology. North Korea shows a lot of differences from South Korea, from the quality standards of building materials to construction technology. It is clear that these differences will be a stumbling block to the promotion of construction projects in the inter-Korean cooperation stage. Therefore, the start of inter-Korean economic development cooperation should be preceded by work to clearly recognize each other's differences and lay the foundation for integration or compatibility. The purpose of this study is to compare the construction technology of rebar concrete construction. We compared the differences with Korea's construction method based on the construction books recently published in North Korea, and derived the characteristics of North and South Korea for each detailed process of reinforced concrete construction.

• 중국학논총
• /
• no.66
• /
• pp.161-188
• /
• 2020

The purpose of this paper is to analyze the debate on the Lewisian turning point in China. Despite the heated debate and accumulating research results both inside and outside China, the results showed a very complex spectrum. Different results were presented depending on which criteria the researcher selected, which analytical tools were used, and which data were utilized. Territory of China is vast, and the differences in economic basement and development stages between regions are not only severe, but also the economic gap among areas in a region is big. Therefore, it is difficult to have a significant meaning in analyzing the Lewisian Turning Point China as a whole. In addition, China's industrial production and labor force structure remain very unbalanced. This can be said to be due to the fact that the allocation and relocation of labor force according to the stage of economic development has not been achieved reasonably, and so it confuses the task of determining whether the Lewis Turning Point has arrived of not.