Korea’s Dynamic Economic Partnership with a Rising China: Time for Change
2
조회
0
다운로드
0
인용
0
참고문헌
키워드
초록
During the last 20 years, Korea and China have rebuilt their economic relations. Korea has benefited from China’s rise through vertical cooperation in the East Asian manufacturing network. The complementary nature of vertical cooperation has reduced direct competition or “threats” from China. However, after the global financial crisis of 2008, the foundation of Korea-China cooperation itself started to change. China now needs a new model of development, one that is less dependent on external markets and leads to a quicker industrial upgradation. China’s strategic shift will dismantle the current Korea-China bilateral economic relations. As China’s industrial supply chains become more value added, the former vertical cooperation between Korea and China will be transformed into a parallel competition.
Abstract
During the last 20 years, Korea and China have rebuilt their economic relations. Korea has benefited from China’s rise through vertical cooperation in the East Asian manufacturing network. The complementary nature of vertical cooperation has reduced direct competition or “threats” from China. However, after the global financial crisis of 2008, the foundation of Korea-China cooperation itself started to change. China now needs a new model of development, one that is less dependent on external markets and leads to a quicker industrial upgradation. China’s strategic shift will dismantle the current Korea-China bilateral economic relations. As China’s industrial supply chains become more value added, the former vertical cooperation between Korea and China will be transformed into a parallel competition.
참고문헌 (22)
- Byeon, Hyeung-yoon, "Korean Economy (Hankookkyengjeron)" (1990), Yoo-poong publisher
- "Backgrounder: China’s 12th Five-Year Plan" (2011)[URL]
- "Fortune Global 500 List" (2012)[URL]
- Garrett, Geoffrey., "G-2 in G-20: China, the United States and the World after the Global Financial Crisis", LSE Global Policy Journal, 1(1), pp.29~39 (2010)
- Hong, Yoo Soo, "Development of the High-Tech Industry in China and Korea’s Response (Joongguk Chomdansanupyi Baljeongua Hankookyi Daeeng)" (2002), Korea Institute for International Economic Policy
- "China’s rise: Opportunity or Threat for East Asia Carnegie Endowment" (2012)[URL]
- "Changes in Korea-China Trade Structure by the Stage of Processing" (2009)[URL]
- Jee, Mansoo, "Korean Firms Invested in China: Survey of Management Practices and Implications (Joongkukjinchul Hankookkiupyi Kyungyoungsiltaewa Sisajum)" (2004), Korea Institute for International Economic Policy
- Korean Embassy in Beijing, "China’s Rising and the Future of Korea-China Relations", Handout distributed at the internal conference, Korean Embassy in Beijing, China (2012)
- Lee, Keun., "Structural Adjustment and Outward Direct Foreign Investment in Korea", Seoul Journal of Economic, 7(2), pp.179~211 (1994)
- Lee, Seungshin, "Strategies to Promote Trade and Investment between Korea and China (Daejoongkuk Kyengjehyepruek mit Muyeoktuza Hwalsenghwo Bangan)" (2011), Korea Institute for International Economic Policy
- "Various years. Statistical Bulletin of China’s Outward Foreign Direct Investment"[URL]
- National Bureau of Statistics of China, "Various years, In China Statistical Yearbook", China Statistics Press
- Park, Seung-Rok, "The Effect of Korean FDI into China on Jobs and Investment(Daejoongkuk Haewetuzayi Goyong mit Tuzae Daehan Hyoguaboonsuk)" (2005), KERI
- "Proposal for Formulating the 12th five-year plan" (2010)[URL]
- Roach, Stephen., "The Next Asia" (2009), Wiley
- Does the Gravity Model Fit Korea’s Trade Patterns: Implications for Korea’s FTA Policy and North-South Korean Trade, "Sohn, Chan-Hyun", Korea Institute for International Economic Policy, ~, pp.Working Paper 01-01 (2001)
- "World Investment Report 2011" (2011)[URL]
- Yu, Yongding, "The G20 and China: A Chinese perspective", The G-20 Architecture in 2020 - Securing a Legitimate Role for the G-20. Paper presented at the meeting for the G-20 at Leaders’ Level?, IDRC, Ottawa (2004)