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A reexamination of Korea's exports : Performance VS. vulnerability

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Frame of Image latively low while the contribution rate of the shift
A Reexamination of Korea's Exports : Performance VS. Vulnerability
effect is relatively high. This is evidence that Korea has gained a significant hold in these products due to internal reasons compared to the world. However Korea has been considered as a“follower”in the international quality ladder. According to the product cycle’s hypothesis, many international trade economists including Petri (1992) suggest that East Asian countries show a pattern of known as the“Flying Geese” With the countries ranked . according to the first year they export a product to the US market, Canada, UK, Germany, and Japan are ranked at the top of the orderings. Korea is ranked at the 18th of the ladder according to this criteria (Feenstra et al 2000). With the countries ranked according to the prices their exports receive in the US market. Ireland moves from the middle rung of the ladder in 1972 to the top rung in 2001. Other developing countries such as Peru, Korea, Hungary, Malaysia, China and the Philippines also moved up the ladder. But Asian countries including Korea, which showed relatively big movements, are still ranked near the bottom of the international quality ladder (Schott, 2003). This research presents the Korean export prices relative to Japan, China, and Taiwan during the period 1994-2004 in order to track the relative sophistication of Korean exports. In the late1990s, the unit value of Korea’s
14
KIET Industrial Economic


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Title A reexamination of Korea's exports
Similar Titles
Sub Title

Performance VS. vulnerability

Material Type Reports
Author(English)

Kang, Kichun

Publisher

[Seoul]:Korea Institute for Industrial Economics & Trade

Date 2007
Journal Title; Vol./Issue KIET Industrial Economic Review:vol. 12(no. 2_
Pages 13
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Trade
Holding KIET; KDI School

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