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Korea's trade structure and its policy challenges

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  • Korea's trade structure and its policy challenges
  • Lee, Junkyu
  • Korea Economic Institute of America


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Title Korea's trade structure and its policy challenges
Similar Titles
Material Type Report
Author(English)

Lee, Junkyu

Publisher

Washington DC, U.S. : Korea Economic Institute of America

Date 2012
Series Title; No Korea's economy / vol. 28
Pages 8
Subject Country South Korea(Asia and Pacific)
Language English / Korea
File Type Link
Subject Economy < Trade
Economy < Economic Administration
Holding Korea Economic Institute of America
License

Abstract

In 2011, Korea achieved one trillion dollars in international trade amidst the global crisis, which marked a new pate in Korea’s history. Korean trade will no doubt continue to strengthen its economy. Only eight countries are ahead of Korea in terms of achieving on trillion dollars in trade, and Korea should no longer be a follower, but instead of a country which sets the course of trade policy within the global economy. It cannot be emphasized enough that Korea should be recognized as a model for its past economic accomplishments and to illustrate the beneficial cycle between trade and growth for the future. The following sections will first investigate changes of Korea’s trade structure over longer period, and its recent export structure by product and destination as well as of the import structure. (The rest omitted)