An Analysis of Service Trade Regulations in Korea, China, and Japan and its Policy Implications

Bo-Young Choi (), Boram Lee () and Jong-Hun Pek ()
Additional contact information
Bo-Young Choi: Kyyungpook National University
Boram Lee: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do
Jong-Hun Pek: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do

No 18-26, World Economy Brief from Korea Institute for International Economic Policy

Abstract: Over the past 40 years, the share of world services trade in world total services has significantly increased. The technological developments in the ICT and transportation sectors, along with movements toward trade liberalization have contributed to this increase. The share of services trade in total trade for Korea, China and Japan has increased as well. However, the services trades share of GDP still remains low compared to that in developed countries. Meanwhile, the growing trend of servitization across the world resulted in the services sector gaining recognition as the new growth engine in Korea, China and Japan. In this regard, all three countries are actively promoting policies to upgrade the competitiveness of their services sector, and services trade liberalization is one of the many policy options they can consider. In this report, we analyze the regulatory factors which restrict the trade in services of Korea, China and Japan to derive implications for Korea to enhance competitiveness in its services sectors by promoting trade in services in the three countries.

Keywords: Service Trade; Korea; China; Japan (search for similar items in EconPapers)
JEL-codes: A10 (search for similar items in EconPapers)
Pages: 3 pages
Date: 2018-10-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.kiep.go.kr/gallery.es?mid=a10105040000 ... ist_no=5049&cg_code= Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:kiepwe:2018_026

Access Statistics for this paper

More papers in World Economy Brief 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.
Bibliographic data for series maintained by Geun Hye Son ().