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Service Industries in the North-east Asian Countries: Strengthening the Competitiveness through Competition and Opening

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Author Info

  • Hyungdo Ahn
  • Sanghack Lee

Abstract

This paper reviews the current status of service industries in the north-east Asian countries: China, Japan and Korea. The paper recognizes the need to increase the efficiency and competitiveness of service industries in the region. The paper then discusses Korean experience in deregulation and opening of service industries to foreign direct investment (FDI). Specifically, the paper examines FDI inflows into Korean service industries, identifying effects of recent regulatory changes in service industries in Korea. The paper derives policy implications regarding service industries in the region. Balanced view on service industries and broader approach to free trade agreement (FTA) are suggested.

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File URL: http://www.tandfonline.com/doi/abs/10.1080/12265080701217108
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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Global Economic Review.

Volume (Year): 36 (2007)
Issue (Month): 1 ()
Pages: 1-15

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Handle: RePEc:taf:glecrv:v:36:y:2007:i:1:p:1-15

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Related research

Keywords: North-east Asia; service industry; efficiency; deregulation; foreign direct investment (FDI); free trade agreement (FTA);

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