인문학
사회과학
자연과학
공학
의약학
농수해양학
예술체육학
복합학
지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
커뮤니티
연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 저널정보
- 인하대학교 정석물류통상연구원 Journal of International Logistics and Trade Journal of International Logistics and Trade Vol.7 No.2
- 발행연도
- 2009.12
- 수록면
- 43 - 66 (24page)
이용수
초록· 키워드
This paper examines global imbalance and rebalancing issues from the viewpoint of Korea. As IMF(2009) notes, the unwinding of global imbalance seems inevitable and, in fact, it is in progress. We illustrate that Korea, with a flexible exchange rate system and relatively balanced current accounts, has little direct linkage to global imbalance. However, we also find that Korea is not immune to the costly adjustment process of imbalance due to the triangular trade between Korea, China and the U.S. The fact that Korea is "indirectly" linked to global imbalance limits Korea"s ability to cope with the situation. Boosting domestic demand, often mentioned recommendation for East Asia, is notan appropriate solution for Korea with low personal savings rate. A lot depends on China"s policy. If China reduces its dependence on U.S. market andincreases domestic consumption despite unemployment risk in export manufacturing sector, it will provide Korea with an opportunity for more stable growth based on China"s final demand. Korea can also make efforts to increase economic integration and expand monetary cooperation in Asia that would help to increase consumption demands and final goods trade in the region.
#global imbalance
#rebalancing
#savings rate
#tri-angular trade between Korea
#China and U.S.
#economic integration in East Asia.
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목차
- Abstract
- 1. Introduction
- 2. Evolution of global imbalance and adjustment after the Global Economic Crisis
- 3. Global imbalance and Korea - direct linkage
- 4. Global imbalance and Korea ? Indirect linkage
- 5. Policy implications
- 6. Conclusion
- References
- Appendix : Trade goods grouping based on its degree of processing
참고문헌
참고문헌 신청최근 본 자료
UCI(KEPA) : I410-ECN-0101-2013-000-001176922