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Globalisation and Trade Liberalisation in Supporting GVCs Upgrade: The Case of the Republic of Korea

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  • Lurong Chen

    (Economic Research Institute for ASEAN and East Asia (ERIA))

Abstract

The Republic of Korea (henceforth Korea) has managed to achieve sustained economic growth by moving up the value chains. It took Korea only 15 years to transform from an upper middle-income into a high-income country. This paper uses Korea as a case study on how a country can build up core competitiveness in hi-tech industry and develop into a globally competitive and innovative economy by moving up the value chains. It shows the effectiveness of globalisation and trade liberalisation in supporting the country's domestic development strategy.

Suggested Citation

  • Lurong Chen, 2017. "Globalisation and Trade Liberalisation in Supporting GVCs Upgrade: The Case of the Republic of Korea," Working Papers DP-2017-07, Economic Research Institute for ASEAN and East Asia (ERIA).
    • Handle: RePEc:era:wpaper:dp-2017-07
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    References listed on IDEAS

    as
    1. Michael G. Plummer (ed.), 2004. "Empirical Methods in International Trade," Books, Edward Elgar Publishing, number 3447.
    2. Erdal Yalcin & Joachim Karl & Sebastian Benz & Feodora Teti, 2015. "UNCTAD World Investment Report 2015: Developments in Foreign Direct Investment," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(20), pages 48-56, October.
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    More about this item

    Keywords

    global value chains (GVCs); Republic of Korea; Asian regionalism;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • F68 - International Economics - - Economic Impacts of Globalization - - - Policy

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