Technoloy, Factor Proportions and Complementarity: Trade Relations betwee Korea and Vietnam
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This paper aims at examining the dynamic patterns and traits of bilateral tradebetween Korea and Vietnam. The major findings of this paper can be summarized asfollows. First, the structure of trade between Korea and Vietnam conforms to eachcountry’s factor proportion. Second, the structure of Korea’s imports from Vietnam did notchange over the last two decades. In other words, Vietnam has failed to climb up theindustrial ladder. Third, the degree of intra-industry trade between Korea and Vietnam hasbeen low and unstable. Fourth, the trade pattern between Korea and Vietnam has beencomplementary not competitive in nature. Korea-Vietnam FTA will open a new horizon forthe deeper vertical integration of the two.
Abstract
This paper aims at examining the dynamic patterns and traits of bilateral tradebetween Korea and Vietnam. The major findings of this paper can be summarized asfollows. First, the structure of trade between Korea and Vietnam conforms to eachcountry’s factor proportion. Second, the structure of Korea’s imports from Vietnam did notchange over the last two decades. In other words, Vietnam has failed to climb up theindustrial ladder. Third, the degree of intra-industry trade between Korea and Vietnam hasbeen low and unstable. Fourth, the trade pattern between Korea and Vietnam has beencomplementary not competitive in nature. Korea-Vietnam FTA will open a new horizon forthe deeper vertical integration of the two.
참고문헌 (9)
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