Enhancing the Globalisation of Korea

Randall S. Jonesi ; Taesik Yooni iOECD

Organisation for Economic Co-operation and Development

关键词: merger and acquisition;    free trade agreements;    foreign direct investment;    free economic zone;    immigration;    globalisation;    international trade;    import penetration;    Korea;    service sector;    agricultural trade;    trade liberalisation;    foreign workers;   

DOI  :  https://doi.org/10.1787/241606341724

学科分类：社会科学、人文和艺术（综合）

来源: OECD iLibrary

【 摘 要 】

Globalisation through foreign direct investment (FDI), international trade and international movements of labour is a key force driving economic growth. Although Korea has become more integrated in the world economy over the past decade, it still ranks low in terms of import penetration, the stock of inward FDI relative to GDP and foreign workers as a share of the labour force. A number of policy reforms would help Korea make greater use of goods, services, capital and human resources from abroad: i) reducing barriers to FDI, including foreign ownership limits in some sectors; ii) focusing on attracting FDI by improving the business and living environment rather than through special zone schemes; iii) reducing import barriers, particularly in agriculture, through multilateral trade negotiations and WTO-consistent regional trade agreements; iv) relaxing product market regulations, notably in services; and v) easing controls on and facilitating the inflow of both low and high-skilled workers.