Reforms of Korea's Trade Adjustment Assistance Program for Its Bilateral Free Trade Agreements with the European Union and the United States

Cheong, Inkyo; Cho, Jungran

doi:10.1162/asep_a_00050

Cited by 4 publications

(3 citation statements)

References 2 publications

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“…Two competent ministries – the MOTIE and MOEL – provided the direction and guidelines of South Korea’s TAA system at the policy formulation stage. Introducing the TAA system was especially encouraged and led by the MOTIE (Cheong and Cho, 2011), which was responsible for a few economic policies in the fields of commerce, investment, industry and energy. In November 2005, the MOTIE, jointly with the MOEL, submitted the TAA bill to the National Assembly to assist in the restructuring of manufacturing firms and in the reemployment of workers.…”

Section: Policy Failures and Learning In Trade Adjustment Assistancementioning

confidence: 99%

“…Besides, there has been no formal support so far for the workers. In the initial phase of the introduction of TAA, the poor use of the system was attributed to a lack of awareness (Jeon and Cheong, 2010; Cheong and Cho, 2011). Later, the extremely limited eligibility and complicated application procedures for benefits were cited as the reason for its non-use (Choi, 2011; Song, 2011; Cheong and Cho, 2011; Kang, 2013).…”

Section: Introductionmentioning

confidence: 99%

“…In the initial phase of the introduction of TAA, the poor use of the system was attributed to a lack of awareness (Jeon and Cheong, 2010; Cheong and Cho, 2011). Later, the extremely limited eligibility and complicated application procedures for benefits were cited as the reason for its non-use (Choi, 2011; Song, 2011; Cheong and Cho, 2011; Kang, 2013). Regrettably, despite the lapse of time and several amendments to the TAA law, the effectiveness of the TAA remains a contentious issue in South Korea.…”

Section: Introductionmentioning

confidence: 99%

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Finding beneficiaries: trade adjustment assistance system in South Korea

Song

2017

JITLP

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Purpose The purpose of this study is to explore the essential cause for the policy failure of Trade Adjustment Assistance (TAA) in South Korea. Design/methodology/approach To substantiate the claims made for the failure of the policy, this paper focuses on the differences in policy preferences among the government ministries and agencies involved in TAA. Findings The failure in the TAA policy, according to this study, was attributed to the conflicts and miscoordination arising from the differences in policy preferences among government ministries and agencies. To rectify this failure, the South Korean government had to revise its laws and regulations several times over a short period. Originality/value Drawing on the analytical framework of the literature on policy failure, this paper examines the causal relationships between outcomes of TAA policy and the conflicts or miscoordination among government bodies at each stage: initiatives and planning, implementation and operation of the policy.

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Section: Policy Failures and Learning In Trade Adjustment Assistancementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Finding beneficiaries: trade adjustment assistance system in South Korea

Song

2017

JITLP

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Comparing the Economic Impact of the Trans-Pacific Partnership and the Regional Comprehensive Economic Partnership

Cheong

Tongzon

2013

Asian Economic Papers

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Several initiatives have emerged for regional economic integration in the Asia-Pacific region. The United States has led the negotiations for the Trans-Pacific Partnership agreement, and ASEAN countries have recently started to promote the Regional Comprehensive Economic Partnership. This paper estimates the net economic impact of these initiatives by eliminating the overlapping portions of free trade agreement–related economic gains through the use of a dynamic computable general equilibrium model. The paper analyzes the economic and political feasibility of these two initiatives and assesses their economic impacts. Finally, the paper provides implications for economic integration in East Asia based on a quantitative assessment.

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Analysis of Issues of Vietnam’s Joining the TPP

Cho

2015

JILT

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Vietnam has been actively integrated into a multilateral trading system based on its accession to the WTO and the implementation of a series of ASEAN+1 FTAs. Now Vietnam is negotiating to be a member of the Trans-Pacific Partnership (TPP) agreement, which is a region-wide FTA in the Asia-Pacific region, and a total of 21 working groups have been negotiating 29 chapters of the TPP. This paper tries to assess major issues of Vietnam's joining the TPP, and to draw policy implications such as initiatives for Vietnam's acceleration of its renovation and economic restructuring programs; and domestic measures for facilitating FTA implementation by firms and enhancing the country's implementation capacity.

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Reforms of Korea's Trade Adjustment Assistance Program for Its Bilateral Free Trade Agreements with the European Union and the United States

Cited by 4 publications

References 2 publications

Finding beneficiaries: trade adjustment assistance system in South Korea

Finding beneficiaries: trade adjustment assistance system in South Korea

Comparing the Economic Impact of the Trans-Pacific Partnership and the Regional Comprehensive Economic Partnership

Analysis of Issues of Vietnam’s Joining the TPP

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