Capital controls: Gates versus walls

Michael W Klein, 17 January 2013

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Capital controls are no longer considered rogue policies.

Topics: Macroeconomic policy
Tags: Brazil, capital controls, China, South Korea

Financial crises in emerging markets: The impact of private sector risk

Betty C. Daniel, 1 July 2012

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What causes financial crises? The causes of the global crisis of 2008-2009 have been widely analysed (see for example Eichengreen 2008), just as the Asian crisis was in the 1990s. As economists, we want to attribute crises to something like fraud, greed, cronyism, or misbehaviour of some kind. We want to think that if we can control misbehaviour, we can eliminate crises.

Topics: Development, Financial markets, Global crisis
Tags: Asian crisis, emerging markets, private sector, South Korea

A region-wide free trade agreement in Asia

Pradumna B. Rana, 25 June 2012

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The Trilateral Summit last month announced that negotiations would begin later this year on a China/Japan/South Korea FTA or the C/J/K FTA (Joint Declaration 2012). This suggests that two pathways to a region-wide FTA are starting to evolve in Asia. One is the ASEAN-led East Asian FTA and the Comprehensive Economic Partnership for East Asia (CEPEA) comprising the ASEAN+6 including India.

Topics: International trade
Tags: ASEAN, China, free trade agreement, Japan, South Korea

South Korea’s temporary trade barriers before and during the crisis

Moonsung Kang, Soonchan Park, 4 September 2011

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During the global crisis there was a severe decline in trade known as the Great Trade Collapse (Baldwin 2009). As described by the OECD (2010) and WTO (2010), in 2009 world merchandise exports fell by 12% while world GDP fell by 2.5%. South Korea (hereafter, Korea) was no exception.

Topics: International trade
Tags: antidumping duties, global crisis, great trade collapse, murky protectionism, South Korea, temporary trade barriers

Emerging partners create policy space for Africa

Helmut Reisen, Jean-Philippe Stijns, 12 July 2011

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Western politicians have watched the increased presence of emerging countries in Africa with much suspicion. Insinuations run from emerging countries – above all China – bringing down governance standards in Africa to them re-indebting, de-industrialising, and cornering African countries into the production of commodities while only enriching the elites.

Topics: Development, International trade
Tags: Africa, Brazil, China, emerging markets, India, South Korea, Turkey

Emerging markets consider capital controls to regulate speculative capital flows

Kavaljit Singh, 5 July 2010

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Just days before the G20 summit in Toronto, South Korea and Indonesia announced several policy measures to regulate potentially destabilising capital flows which could pose a threat to their economies and financial systems.

Topics: International finance
Tags: capital flows, G20, Indonesia, South Korea

Venturing abroad at the cost of domestic employment?

Peter Debaere, Joon H. Lee , Hongshik Lee , 24 December 2008

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The recent wave of globalisation is characterised by a worldwide increase in exports and foreign direct investment (FDI). Multinationals play an important role in both. The public in many instances views these multinational activities with some scepticism, concerned that offshoring activities will reduce domestic employment in the firms that venture abroad.

Topics: International trade
Tags: employment, FDI, South Korea

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