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Korea-Japan FTA : Toward a model case for East Asian economic integration

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  • Korea-Japan FTA
  • Ahn, Choong Yong; Cheong, Inkyo; Fukagawa, Yukiko; Takatoshi ITO eds.
  • Korea Institute for International Economic Policy


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Title Korea-Japan FTA
Similar Titles
Sub Title

Toward a model case for East Asian economic integration

Material Type Reports
Author(English)

Ahn, Choong Yong; Cheong, Inkyo; Fukagawa, Yukiko; Takatoshi ITO eds.

Publisher

Seoul:Korea Institute for International Economic Policy

Date 2005
Series Title; No Korea Institute for International Economic Policy. Policy analyses / 05-01
ISBN 8932210888 (set); 9788932210889 (set); 8932212201; 9788932212203
Pages 398
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Holding Korea Institute for International Economic Policy

Abstract

The year 2005, the target year for Japan and Korea to conclude their FTA, will be the 40th anniversary of the establishment of diplomatic ties after their painful history. During the last four decades, Japan-Korea relations have matured gradually, promoted in part by miraculous development and catch-up by the Korean economy. In 1996, Korea became an OECD member, the second country in Asia following Japan. As an OECD member, Korea is expected to share common global responsibilities to promote economic growth and liberalization. Although the Korean economy was hit by the Asian financial crisis in 1997, Korea surprised the world by instigating a comprehensive structural reform and subsequent speedy economic recovery led by a strong political will and swift business initiatives. Korea has accomplished the IMF conditionality, while receiving the IMF financial assistance package. (The rest omitted)