@article{ART001444922},
author={Chung-Rok Pang},
title={Korea's 'Open Trade Policy' Strategy and its Policy Implications},
journal={Journal of Asia-Pacific Studies},
issn={1225-8539},
year={2009},
volume={16},
number={1},
pages={79-94},
doi={10.18107/japs.2009.16.1.005}
TY - JOUR
AU - Chung-Rok Pang
TI - Korea's 'Open Trade Policy' Strategy and its Policy Implications
JO - Journal of Asia-Pacific Studies
PY - 2009
VL - 16
IS - 1
PB - Institute of Global Affairs
SP - 79
EP - 94
SN - 1225-8539
AB - The Korean government began to pursue 'open trade policy' as an effective policy
means to cope with the impacts of the economic crisis in the late 1990s. The Korean
government has expected that free and open trade will bring substantial gains to Korean
economy as a whole. In particular, FTA policy has been used as strategic policy means to
not only expand the trade and investment, but also strengthen Korean economic
effectiveness and industrial competitiveness.
However, concerns have been raised about the 'closed' nature of the government's
trade policy-making process. Moreover, it has also been pointed out that socio-economic
difficulties can be expanded if less competitive industries and individuals are exposed to
highly competitive environments as a result of 'open trade policy'. These concerns imply
that the public needs to be informed with more information on the trade policy-making
process itself as well as the potential socio-economic impacts of the trade liberalisation.
Therefore, government's trade policy process needs to be more open and transparent in
order to form public consensus on the government's policy initiatives. This will be an
important key to successful promotion of the government's trade policy objectives in its
external economic relations.
KW - Trade Policy;Open Trade Policy;FTA;Trade Negotiation;IMF
DO - 10.18107/japs.2009.16.1.005
ER -
Chung-Rok Pang. (2009). Korea's 'Open Trade Policy' Strategy and its Policy Implications. Journal of Asia-Pacific Studies, 16(1), 79-94.
Chung-Rok Pang. 2009, "Korea's 'Open Trade Policy' Strategy and its Policy Implications", Journal of Asia-Pacific Studies, vol.16, no.1 pp.79-94. Available from: doi:10.18107/japs.2009.16.1.005
Chung-Rok Pang "Korea's 'Open Trade Policy' Strategy and its Policy Implications" Journal of Asia-Pacific Studies 16.1 pp.79-94 (2009) : 79.
Chung-Rok Pang. Korea's 'Open Trade Policy' Strategy and its Policy Implications. 2009; 16(1), 79-94. Available from: doi:10.18107/japs.2009.16.1.005
Chung-Rok Pang. "Korea's 'Open Trade Policy' Strategy and its Policy Implications" Journal of Asia-Pacific Studies 16, no.1 (2009) : 79-94.doi: 10.18107/japs.2009.16.1.005
Chung-Rok Pang. Korea's 'Open Trade Policy' Strategy and its Policy Implications. Journal of Asia-Pacific Studies, 16(1), 79-94. doi: 10.18107/japs.2009.16.1.005
Chung-Rok Pang. Korea's 'Open Trade Policy' Strategy and its Policy Implications. Journal of Asia-Pacific Studies. 2009; 16(1) 79-94. doi: 10.18107/japs.2009.16.1.005
Chung-Rok Pang. Korea's 'Open Trade Policy' Strategy and its Policy Implications. 2009; 16(1), 79-94. Available from: doi:10.18107/japs.2009.16.1.005
Chung-Rok Pang. "Korea's 'Open Trade Policy' Strategy and its Policy Implications" Journal of Asia-Pacific Studies 16, no.1 (2009) : 79-94.doi: 10.18107/japs.2009.16.1.005
