Changes in Trade Patterns of Korea and her Major Trading Countries in the Manufacturing Sector
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It was found that export products of China are the most concentrated for the period of 2002-2007. This concentration of Chinese export products is followed by Japan, Korea, and the USA in that order. Since this kind of high concentration of export products are not desirable, it should be diversified to avoid any potential economic loss associated with unfavorable trade-environmental changes against these concentrated export products. Export patterns of Korea changed faster than those of the USA, China, and Japan for the period of 2002-2007. On the other hand, export patterns of Japan remained the most stable in the same period. Therefore both Korea and UJC (i.e., the USA, Japan, and China in short hereafter) should fully adjust their economies to ever-changing patterns of their exports. It was found that Korea’s export patterns do not resemble those of China due to the differences in factor endowment ratios of China and Korea. Therefore Korea can increase her exports to China by exploiting non-similarity of Korean and Chinese export patterns. Both UJ (i.e., the USA and Japan in short hereafter) and Korea had similar export patterns due to the resemblances in factor endowment ratios of UJ and Korea. Especially, Korean export patterns became increasingly similar to Japanese export patterns and Korean products’ competition with Japanese products in the world export market became increasingly severe. Therefore both UJ and Korea should cooperate in exporting their products in the world market. It was found that Korea exported products which are less skilled human capital intensive and more R&D intensive for the entire period of 2002-2007. Therefore Korea should try to export more of these products to the world market from now on. The USA is found to have exported products which are more R&D intensive for the entire period of 2002-2007. Therefore the USA should try to export more of these products to the world market from now on. It was found that Japan exported products which are more R&D intensive for the entire period of 2002-2007. Therefore Japan should try to export more of these products to the world market from now on. China is found to have exported products which are less skilled human capital intensive and less R&D intensive for the entire period of 2002-2007. Therefore China should try to export more of these products to the world market from now on.
Abstract
It was found that export products of China are the most concentrated for the period of 2002-2007. This concentration of Chinese export products is followed by Japan, Korea, and the USA in that order. Since this kind of high concentration of export products are not desirable, it should be diversified to avoid any potential economic loss associated with unfavorable trade-environmental changes against these concentrated export products. Export patterns of Korea changed faster than those of the USA, China, and Japan for the period of 2002-2007. On the other hand, export patterns of Japan remained the most stable in the same period. Therefore both Korea and UJC (i.e., the USA, Japan, and China in short hereafter) should fully adjust their economies to ever-changing patterns of their exports. It was found that Korea’s export patterns do not resemble those of China due to the differences in factor endowment ratios of China and Korea. Therefore Korea can increase her exports to China by exploiting non-similarity of Korean and Chinese export patterns. Both UJ (i.e., the USA and Japan in short hereafter) and Korea had similar export patterns due to the resemblances in factor endowment ratios of UJ and Korea. Especially, Korean export patterns became increasingly similar to Japanese export patterns and Korean products’ competition with Japanese products in the world export market became increasingly severe. Therefore both UJ and Korea should cooperate in exporting their products in the world market. It was found that Korea exported products which are less skilled human capital intensive and more R&D intensive for the entire period of 2002-2007. Therefore Korea should try to export more of these products to the world market from now on. The USA is found to have exported products which are more R&D intensive for the entire period of 2002-2007. Therefore the USA should try to export more of these products to the world market from now on. It was found that Japan exported products which are more R&D intensive for the entire period of 2002-2007. Therefore Japan should try to export more of these products to the world market from now on. China is found to have exported products which are less skilled human capital intensive and less R&D intensive for the entire period of 2002-2007. Therefore China should try to export more of these products to the world market from now on.
참고문헌 (9)
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