 포용적 무역을 위한 국내보완대책의 성과와 시사점(The Effects of South Korea’s Domestic Supplementary Measures for Trade Adjustment and Their Implications)Kyong Hyun Koo (),
Chankwon Bae (),
Hyeri Park () and
Kirak Ryu ()
No 22-15, Policy Analyses from Korea Institute for International Economic Policy Abstract: 본 연구는 ‘FTA 정책의 확대’나 ‘중국·베트남 중심의 무역구조 재편’과 같은 무역 충격으로 인해 피해를 입은 국내 기업과 근로자에게 무역조정지원제도나 고용보험제도 등 기존의 국내보완대책이 얼마나 효과적으로 작동했는지 실증적으로 평가하고, 주요국의 유사 제도ㆍ사례를 비교분석함으로써 국내 무역 피해 보완대책에 대한 개선방안을 도출하였다. Since the 2000s, South Korea has experienced significant changes in its industrial and employment structures as a result of trade shocks, including the expansion of Free Trade Agreement (FTA) policies and the restructuring of trade structures centered on China and Vietnam. Although these changes have contributed to South Korea’s relatively high economic growth rates, they have also widened the income and employment stability gap between workers (Koo and Kim 2020; Koo et al. 2021). In light of the profound impact of trade shocks on the economy, effective protection and support for firms and workers who have suffered relative losses in the adjustment process is considered an essential measure to maximize the net benefit of trade. Such a measure represents a crucial policy goal that requires prioritization in South Korea, given the country’s heavy reliance on international trade. To achieve this policy goal, South Korea has primarily implemented the Act on Trade Adjustment Assistance and the Employment Insurance Act as domestic supplementary measures. However, despite the significance of the policy objectives pursued by these two acts, the analysis of their trade adjustment support performance remains inadequate. Therefore, this study aims to investigate the effects of existing domestic supplementary measures, such as the trade adjustment assistance programs and the employment insurance programs, for domestic firms and workers affected by trade shocks. In addition, we also examine similar programs in the United States and European Union as benchmarks. Based on the results of the regression analyses and case studies, we discuss how to improve the Korean domestic supplementary measures for trade adjustment. The second chapter provides an overview of Korea’s trade adjustment assistance programs and the employment insurance system, which can be considered the two pillars of Korea’s trade damage countermeasures. In the third chapter, we analyze the support performance of the trade adjustment assistance program for trade-impacted firms and the employment insurance programs for trade-impacted workers using micro data. (the rest omitted) Keywords: Complementary Domestic Measures for Trade Policy; Labor Market; and Inclusive Trade (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ris:kieppa:2022_015 Access Statistics for this paper More papers in Policy Analyses from Korea Institute for International Economic Policy [30147] 3rd Floor Building C Sejong National Research Complex 370 Sicheong-daero Sejong-si, Korea. Contact information at EDIRC. |
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