A New Framework for Industrial Cooperation between Korea and the EAEU
Park, Joungho; Yeom, Dongho; Kang, Boogyun; Min, Jiyoung; Yun, Chihyun | December 2018
Abstract
As economic uncertainty escalates around the world, Korea is undergoing numerous challenges. The global economy is slowing down, and trade war between the U.S. and China is exacerbating the situation even further. Korea’s trade dependency on major markets such as China, the US, EU, etc. is exposing its economy to more vulnerabilities. In order to resolve these challenges, Korea has to escape from the geographical isolation imposed by the division of the Korean Peninsula and diversify its partnerships with emerging economies.
Strengthening cooperation with the EAEU and securing new economic growth engines to replace old ones will serve as a way for Korea to overcome the current challenges. Indeed, the EAEU is an attractive partner as a window of new economic cooperation in developing future-oriented relations between Korea and the northern Eurasian countries. Since the two sides share characteristics in economic cooperation that are complementary to each other, it will also be necessary to pioneer such a “northern economic growth space” through strategically enhancing economic cooperation with the EAEU member states.
Against this backdrop, this paper analyzes the economic structure, development policy and industrial competitiveness of the EAEU and draws implications for Korea-EAEU industrial cooperation in the future.
Citation
Park, Joungho; Yeom, Dongho; Kang, Boogyun; Min, Jiyoung; Yun, Chihyun. 2018. A New Framework for Industrial Cooperation between Korea and the EAEU. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/9517.ISSN
2233-9140
Keywords
Telecommunication Companies
Rural Rehabilitation
Biotechnology
Interindustry Trade
Industrial Policy
Industrial Investment
Industrial Development
Small Scale Industry
Medium Scale Industry
Local Industry
Transport Infrastructure
Trade regulations
Telecommunications Industry
Computers
Trade data interchange
Access to markets
E-Commerce
Trade And Development
Large Scale Industry
Regional Trade
Commerce and Industry
Trade Negotiations
Merchandise Trade
Domestic Trade
Computer Industry
Trade Regulation
intellectual Property Rights
Rural development
Unfair competition
Supply and demand
Energy policy
Developing countries
Industrial organizations
Creative industries
Investment banking
Microfinance
Financial planning industry
Infrastructure
Manufactures
Business failures
Wages and labor productivity
Microelectronics industry
Electronic industries
Digital electronics
Microelectronics
Electronic commerce
Business enterprises
Digital
Show allCollapse