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- W2364961194 abstract "China has been the most important economic partner to Korea since the resurrection of their diplomatic relationship and economic interaction. It has been suggested that China simultaneously presents challenges and opportunities to the Korean economy. This paper investigates changes in trade specialization patterns and comparative advantage of Korea and China, and analyzes the effect of market expansion of Chinese industries on market shares of Korean industries. It is found that since the early 1990s, the industries that lost market share as China’s share increased include those in which Korea has maintained a comparative advantage or improved the level of disadvantage, such as IT equipment and other transport equipments. Considering growth of trade flows and emergence of China, it is critical for Korea to actively participate in international production chains, create competitive edges and extend complementary relationship with trading partners." @default.
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- W2364961194 date "2007-12-01" @default.
- W2364961194 modified "2023-10-12" @default.
- W2364961194 title "The rise of China: to whom is it scary?" @default.
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- W2364961194 doi "https://doi.org/10.24006/jilt.2007.5.2.23" @default.
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