This article examines how the nature of work has changed since the 1997 financial crisis in South... more This article examines how the nature of work has changed since the 1997 financial crisis in South Korea. We demonstrate that a majority of workers now have become irregular workers, how peoples’ perception of work has changed, and how the changing trends of work have impacted the quality of life.
We investigate the effects of free trade agreements (FTAs), focusing on the impact of cumulative ... more We investigate the effects of free trade agreements (FTAs), focusing on the impact of cumulative rules of origin (ROO) on trade costs. Using a gravity regression model, we estimate the effect of various cumulative ROO systems on the measured trade costs. We apply these estimates to static and capital accumulation computable general equilibrium models to compare the effects of mega-regional FTAs in the Asia-Pacific region—namely, the Regional Comprehensive Economic Partnership (RCEP), Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), and Free Trade Areas in the Asia-Pacific (FTAAP). We find that mega-regional FTAs may not be a viable alternative to a multilateral trading system or bilateral FTAs unless less restrictive cumulative ROO are adopted. Successful FTAs depend on an appropriate cumulative ROO provision system rather than their membership expansion.
The Northeast Asian region had been characterized by the dearth of regionalism until late 1990s. ... more The Northeast Asian region had been characterized by the dearth of regionalism until late 1990s. In particular, the three major Northeast Asian countries ― China, Japan, and Korea ― had generally preferred multilateral trade liberalization approaches under the GATT and WTO regulations. In recent years, however, the
I.Introduction The Northeast Asian region had been characterized by the dearth of regionalism unt... more I.Introduction The Northeast Asian region had been characterized by the dearth of regionalism until late 1990s. In particular, the three major Northeast Asian countries ― China, Japan, and Korea ― had generally preferred multilateral trade liberalization approaches under the GATT and WTO regulations. In recent years, however, the region’s policy stance has shifted from favoring multilateralism to regionalism. A turning point was the outbreak of the East Asian financial crisis occurred in 1997. The deepening interdependence among the Northeast Asian economies through regional trade and financial linkages can be another cause of the policy change. In addition, slow progress of multilateral negotiations under WTO and APEC has accelerated their shifting preference to regionalism. Recent developments in individual economies such as China’s miraculous export-driven growth performance and entry into WTO, Japan’s desire to regain its leadership role in the region, and Korea’s regime change ...
The views expressed in this publication are those of the author(s) and do not necessarily reflect... more The views expressed in this publication are those of the author(s) and do not necessarily reflect those of the Institute. No part of this article may be used reproduced in any manner whatsoever without written permission except in the case of brief quotations embodied in articles and reviews. For information, please write to the Centre.
This article examines how the nature of work has changed since the 1997 financial crisis in South... more This article examines how the nature of work has changed since the 1997 financial crisis in South Korea. We demonstrate that a majority of workers now have become irregular workers, how peoples’ perception of work has changed, and how the changing trends of work have impacted the quality of life.
We investigate the effects of free trade agreements (FTAs), focusing on the impact of cumulative ... more We investigate the effects of free trade agreements (FTAs), focusing on the impact of cumulative rules of origin (ROO) on trade costs. Using a gravity regression model, we estimate the effect of various cumulative ROO systems on the measured trade costs. We apply these estimates to static and capital accumulation computable general equilibrium models to compare the effects of mega-regional FTAs in the Asia-Pacific region—namely, the Regional Comprehensive Economic Partnership (RCEP), Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), and Free Trade Areas in the Asia-Pacific (FTAAP). We find that mega-regional FTAs may not be a viable alternative to a multilateral trading system or bilateral FTAs unless less restrictive cumulative ROO are adopted. Successful FTAs depend on an appropriate cumulative ROO provision system rather than their membership expansion.
The Northeast Asian region had been characterized by the dearth of regionalism until late 1990s. ... more The Northeast Asian region had been characterized by the dearth of regionalism until late 1990s. In particular, the three major Northeast Asian countries ― China, Japan, and Korea ― had generally preferred multilateral trade liberalization approaches under the GATT and WTO regulations. In recent years, however, the
I.Introduction The Northeast Asian region had been characterized by the dearth of regionalism unt... more I.Introduction The Northeast Asian region had been characterized by the dearth of regionalism until late 1990s. In particular, the three major Northeast Asian countries ― China, Japan, and Korea ― had generally preferred multilateral trade liberalization approaches under the GATT and WTO regulations. In recent years, however, the region’s policy stance has shifted from favoring multilateralism to regionalism. A turning point was the outbreak of the East Asian financial crisis occurred in 1997. The deepening interdependence among the Northeast Asian economies through regional trade and financial linkages can be another cause of the policy change. In addition, slow progress of multilateral negotiations under WTO and APEC has accelerated their shifting preference to regionalism. Recent developments in individual economies such as China’s miraculous export-driven growth performance and entry into WTO, Japan’s desire to regain its leadership role in the region, and Korea’s regime change ...
The views expressed in this publication are those of the author(s) and do not necessarily reflect... more The views expressed in this publication are those of the author(s) and do not necessarily reflect those of the Institute. No part of this article may be used reproduced in any manner whatsoever without written permission except in the case of brief quotations embodied in articles and reviews. For information, please write to the Centre.
Uploads
Papers by Innwon Park