• East Asian Economic Review
• /
• 제24권4호
• /
• pp.313-336
• /
• 2020

In this paper, I review evidence on changing global specialization in labor-intensive exporting. Production of apparel, footwear, furniture, and related products are how many low-income countries first enter export manufacturing. Just as China's rise as a powerhouse in these goods supplanted a role previously occupied by the East Asian Tigers, the world may again be on the cusp of significant change in where labor-intensive goods are produced. China's prowess in these sectors peaked in the early 2010s; its share in their global exports, while still substantial, is now in decline. Mechanisms through which the global economy may adjust to China's graduation into more technologically sophisticated activities include expanded labor-intensive export production in other emerging economies and labor-saving technological change in products currently heavily reliant on less-educated labor. Available evidence suggests that the first mechanism is operating slowly and the second hardly at all. As a third mechanism, China may in part replace itself by moving labor-heavy factories out of densely populated and expensive coastal cities and into the country's interior. Such a transition, though still in its infancy, would mirror the decentralization of manufacturing production in the U.S. and Europe, which occurred after World War II.

• 무역학회지
• /
• 제46권3호
• /
• pp.45-63
• /
• 2021

This paper investigates the effects of China's participation in global value chains (GVC) on the productivities focusing on the manufacturing industries. In this study, several indicators of participation in global value chains were used. These include GVC participation, forward GVC participation, backward GVC participation and GVC position index. In particular, we used the data obtained from 18 manufacturing industries in China during 15 years from 2000 to 2014. The main results of the analysis are as follows. First, the higher the degree of total participation in GVC, the higher the productivity. This means that with the increase in exports and imports of intermediate goods, productivity has increased through technology spillover effects or competition effects, and so on. Second, the backward participation does not increase the productivities significantly while forward participation leads higher productivity. Third, the productivity improvement effects of GVC participation was larger in the high-tech industries than in the low-tech industries. These results show that GVC participation was helpful for the economic growth of China and the efforts for moving toward upstream production stage in GVC is necessary for the improvement of international competitiveness in Chinese manufacturing industry.

• Journal of Information Technology Applications and Management
• /
• 제26권6호
• /
• pp.65-78
• /
• 2019

This study describes the accounting approach of separating the value chain components that occur between the origin and destination of a country's total exports, and applied this analysis to the nation's information and communication industry. As a result of this study, the analysis results of ICT's global value chain for the United States and China, focusing on Korea, are as follows: First of all, the value added standard was relatively lower than the export amount standard for the information and communication industry. In particular, the gap was starkly visible in the information and communication manufacturing sector, where global vertical specialization was developed relatively. As a representative sector, the computer-related equipment sector exported to China became more specialized vertically than other information and communication industries. Next, the method of participating in vertical specialization of Korea's information and communication sector and its relative position in the global value chain came from domestic products (0.25/35.16) whose total exports, which were double calculated in the case of the U.S. market, returned home. On the other hand, about 32.68 percent returned to the Chinese market. Finally, in the global value chain level, the SW sector occupied a medium vertical culture location for the information and communication equipment sector and the information and communication service sector.

• 한국정밀공학회:학술대회논문집
• /
• 한국정밀공학회 2002년도 춘계학술대회 논문집
• /
• pp.483-486
• /
• 2002

Toggle bolt is mechanical device constructed with toggle spring wing toggle and machine screw, and defined as an expansive bolt consisting of a nut with flanged wings which are pressed to the bolt and, after insertion in a thin or hollow wall, spread open through spring pressure, thus anchoring it to the wall. And spring wing toggle is aligned with two wings, spring and nut manually in domestic manufacturing line. Then it is regarded as major problem for exports increasement to make cost down in the view of total manufacturing process. Accordingly in this study, high speed type automatic alignment mechanism is guided for spring wing bolt, and exclusive alignment dies and some special additional units are designed and manufactured.

• 무역학회지
• /
• 제45권2호
• /
• pp.51-65
• /
• 2020

According to an analysis of 560 foreign-invested companies investing in South Korea's manufacturing industry, the following three facts were found. First, the proportion of sales by manufacturing foreign-invested companies is divided into 68.5 percent of domestic sales and 31.5 percent of exports. From 68.5 percent of domestic sales, sales to Korean companies are 60.5 percent, including 37.1 percent for large companies and 23.4 percent for small and medium-sized companies, while only 8.0 percent for domestic consumers. Second, the investment sectors of manufacturing foreign-invested enterprises are 'machine and equipment manufacturing', 'chemical and chemical-chemical material manufacturing-excluding pharmaceuticals', 'electronic components, computers, video, sound and communication equipment manufacturing' and 'vehicle and trailer manufacturing'. It overlaps with electric·electronics, petro-chemicals and automobiles, which are Korea's main industries and areas of Korean global companies. Third, 31.5 percent of the sales of foreign-invested companies in the manufacturing sector are exported. Foreign-invested companies export their products to use them for their parents or affiliates or to the third countries. The analysis shows that foreign-invested companies invested in Korea for B2B transactions with Korean companies. The implications are that Korea can attract foreign investments by utilizing Korean companies' demand for intermediate goods. Foreign-invested companies can invest in Korea in order to use Korea, which has signed free trade agreements with the US, the EU and ASEAN, as an export platform.

• Journal of Korea Trade
• /
• 제25권2호
• /
• pp.75-94
• /
• 2021

Purpose - This article will take the Korean manufacturing industry as an example to estimate Korea's global value chain status from the perspective of overall and sub-industry, hoping to provide a theoretical reference for Korean manufacturing to climb the global value chain. Design/methodology - Based on the WIOD data. The data is calculated by using MATLAB (2014a) coding. The data for 6 sectors are classified according to the International Standard Industrial Classification revision 3 (ISIC Rev. 3), the WIOD data are used to calculate and compare the position, participation and dynamics of the Korea, China and USA' manufacturing industry in the 1995-2016. Findings - The empirical results supported conclusions of the theoretical model. In the Korean GVC of electrical and optical sector, while stronger forward linkages than backward linkages to GVC are advantageous for an average advanced country, the benefits of downstream tasks are pronounced for non-advanced countries. And proved the correlation for an index to capture a country's upstream position or downstream position, it makes sense to compare that Korea's exports of intermediates in the same sector that are used by China and USA. Originality/value - The first is to re-examine the characteristics of South Korea's participation in global value chains under a more systematic and accurate theoretical framework, which provides a new empirical reference for related research; the second is to content covers of the manufacturing 6 sectors, so as to more completely describe the characteristics of Korean manufacturing's participation in global value chains; The value of this paper is providing empirical evidence of the effect of Korea's the GVC of manufacturing sectors. In the GVC of 6 sectors, first three have a higher position in the value chain and are in the upper middle and upper reaches of the GVC. The latter two have a low GVC position index, which has become the main sector that pulls down the overall position of Korea's manufacturing industry.

• 통상정보연구
• /
• 제15권4호
• /
• pp.341-366
• /
• 2013

글로벌 경제불황과 유로존의 재정위기에도 2012년 경이적인 무역흑자로 인하여 독일경제를 재조명하는 분위기가 고조되면서 이러한 성장을 이끈 주역으로서 독일 중소기업에 대한 관심이 증대하고 있다. 각국에서 국가경제를 회복시키기 위한 방법으로서 독일 미텔슈탄트를 모방하려는 시도가 나타나고 있다. 세계 제조업의 절대강자인 독일 중소기업의 수출경쟁력은 독일경제와 유사하게 수출의존적 경제구조를 갖고 있는 한국의 중소기업들에게 시사하는 바가 클 것이다. 따라서 본고에서는 독일 미텔슈탄트를 글로벌 강소기업을 목표로 하는 한국 중소수출기업들의 롤 모델로서 상정하고, 독일 제조업 경쟁력의 주역이라 평가받는 미텔슈탄트(Mittelstand) 성장의 역사적 고찰과 함께 수출경쟁력 구축 성공요인을 조명한다. 성공요인 분석의 결과는 한국 수출중소기업을 위한 비즈니스 전략 시사점으로 제공될수 있을 것이다. 독일 미텔슈탄트의 수출경쟁력은 기업 스스로의 기술 혁신성, 경영전략의 장기지향성을 보증하는 가족경영의 전통, 핵심역량을 작은 목표시장에 집중하는 니치전략과 함께 적극적인 글로벌화에서 그 성공요인을 찾을 수 있다. 이와 함께 미래지향적이고 효율적인 직업교육제도, 중소기업을 겨냥한 금융프로그램 그리고 정교하게 설계되고 운영되는 산업클러스터 및 산학연 네트워크 등이 미텔슈탄트의 내부적인 경쟁적 자산과 유기적으로 조합되면서 수출경쟁력에 시너지가 나타났다고 본다.

• 한국기계가공학회지
• /
• 제18권10호
• /
• pp.27-33
• /
• 2019

The aviation industry has grown beyond the simple processing and assembling of aircraft parts and now designs and exports finished aircraft. In this study, the vertical CNC milling rotational speed and feed rate were parameters to investigate the life of tools according to their shape: (flat, round, and ball end mill) in the rough cutting of titanium. These tools are widely used in aircraft manufacturing and assembly. The purpose of this study is to measure the cutting temperature generated during the cutting process and calculate the rate of tool wear. This will be accomplished by measuring the tool weight before and after cutting the specimen and to compare it with the results of previous studies. Our study showed that the maximum cutting temperature increased as cutting time, tool rotational speed, and feed rate increased. The highest cutting temperatures were recorded for the ball, round, and flat end mill, respectively. Tool wear for the ball, round, and flat end mill increased as the speed and feed rate increased. The flat end mill exhibited the highest rate of wear from a minimum of 0.62% to a maximum of 2.88%.

• The Journal of Asian Finance, Economics and Business
• /
• 제9권6호
• /
• pp.253-265
• /
• 2022

This paper examines South Korea's past developmental experience and its current strategy and policy initiatives to overcome global and domestic challenges and sustain economic growth in the twenty-first century, the digital and global era, to explain how the country became a high-income economy. The findings of this research highlight the following three factors: First, the most significant factor in rapid industrialization was the adoption of an outward-looking strategy, with the help of a highly skilled workforce and the development of high-tech manufacturing and services sectors, which was supported by the government plans. Second, the high R&D intensity helped South Korea become a global leader in information and communication technologies, which has emerged from a top-down innovation system that promotes close collaboration between government, industry, and the academic community. Third, according to the recently released Global Entrepreneurship Index, South Korea tops the region in entrepreneurship environment. Among the list of criteria, South Korea dominates in the ease of starting a business and enforcing contracts. They all play a significant role in encouraging investment, production, communication, and, eventually, economic growth. Finally, this paper suggests forward-looking developments promoting transformation and diversification into high-tech manufacturing and digital and green technologies.

• 한국분말재료학회지
• /
• 제29권2호
• /
• pp.166-175
• /
• 2022

Ppuri or Root technology primarily includes technologies such as casting, mold, plastic working, welding, heat treatment and surface treatment. It is regarded as an essential element for improving the competitiveness of the quality of final products. This study investigates the current status of smart factory implementation for Ppuri companies and analyzes the influencing relationships among various company factors. The factors affecting smart factory implementation for Ppuri companies are sales, exports, number of technical employees, and holding corporate research institutes. In addition, this research shows that even if smart factory implementation is pursued for data collection, data utilization is not implemented properly. Thus, it is suggested that the implementation of smart factories requires not only the availability of facilities and systems but also proper data utilization.