Analysis of Government Procurement Market in Emerging Countries and Implication for Small and Medium Enterprises

Pyoung Seob Yang (), Cheol-Won Lee (), Jaewan Cheong (), Jino Kim (), Suyeob Na (), Hyeri Park (), Sung Hyun Son (), Hyo Jin Lee () and Young Kwan Jo ()
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Pyoung Seob Yang: 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
Cheol-Won 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
Jaewan Cheong: 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
Jino Kim: 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
Suyeob Na: 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
Hyeri Park: 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
Sung Hyun Son: 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
Hyo Jin 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
Young Kwan Jo: The Export-Import Bank of Korea

No 20-19, World Economy Brief from Korea Institute for International Economic Policy

Abstract: The purpose of this study is to derive implications for SMEs through analyzing the openness of the government procurement market in emerging countries the prospects of these markets opening up in the future, and the overall possibility and plans of Korean SMEs to enter these markets. The procurement markets of international organizations and advanced countries are already saturated with competition, and it is difficult to expand in the procurement market of advanced countries such as the United States, Canada and the EU as they are strengthening their preferential purchasing system in line with protectionist trade policies. Therefore, this study aimed to find a market for competitive companies in Korea by comprehensively grasping the current situation, openness, growth potential, and potential market demand of emerging markets. In particular, we focused on analyzing the possibility of Korean SMEs advancing into the government procurement market of emerging countries, and to offer suggestions on the direction of procurement policies and trade policies in order to effectively advance into these emerging markets. This study analyzed six emerging regions which are either considering WTO-GPA membership or negotiating FTA agreements with Korea: China, Southeast Asia and India, Eurasia, the Middle East, Middle Eastern Europe and Latin America.

Keywords: Emerging Countries; China; Government Procurement Market (search for similar items in EconPapers)
JEL-codes: A10 (search for similar items in EconPapers)
Pages: 5 pages
Date: 2020-07-23
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