As global economic growth has lost momentum due to the COVID-19 pandemic and the tension between U.S. and China, among other developments, concerns about the spread of protectionism are growing. In particular, anti-dumping (AD) measures are more likely to expand in the future in that they are...

The reduction of regulatory restrictiveness in services sectors in Korea using recent free trade agreements in effect and its impact on FDI inflows are investigated. The research outcomes provide three main findings as follows.First, FDI inflows of Korea closely follow the trend of global FDI...

In this study, we set up a quantitative trade model with data protection regulation in order to examine the welfare impact of the EU GDPR and data localiztaion measures on the global economy in a unified framework. Data localization measures can create additional trade costs, which can serve as...

In response to today’s rapidly changing global trade environment, countries have continued to make changes to their policy objectives and instruments to address new and emerging issues such as supply chain restructuring and reshoring, climate change, and currency undervaluation. To this end...

In response to today’s rapidly changing global trade environment, countries have continued to make changes to their policy objectives and instruments to address new and emerging issues such as supply chain restructuring and reshoring, climate change, and currency undervaluation. To this end...

Uncertainty grows with the diffusion of unilateral trade policies. In particular, the average value of the World Uncertainty Index increased by four to fivefold compared to 1990. Recently, unilateral trade policies are spreading internationally. Non-tariff measures including anti-dumping,...

(Korean Abstract) 우리나라를 비롯한 여러 국가들은 기후변화에 대응하고 경제성장의 새로운 동력을 확보하고자 환경 관련 산업(상품 및 서비스)에 많은 관심을 기울이고 있다. 이에 따라 세계 환경시장에 대한 규범을 수립하여...

While SOEs are emerging as a key player in the global economy, WTO law is revealing its limits. The WTO subsidy rules cannot get to the core of the SOE-subsidization problem. This is because they do not regulate situations where not the government but SOEs provide subsidies to private...

The WTO is facing a historical crisis. Its main functions ‒ namely, providing a negotiating forum, administrating WTO trade agreements and monitoring national trade policies, and resolving trade disputes ‒ have been significantly paralyzed. Although the cause of the crisis is partly...

Trade-related issues such as market access and tariff elimination or reduction have been the main concerns of free trade agreements or FTAs since the early 2000s. With more attention recently given to the concept of sustainable development, however, a growing number of countries start to share a...