Business Relationships with East Asia: The European by Jim Slater

By Jim Slater

This quantity analyses the company setting in East Asia on the subject of exchange and funding flows in the sector and among East Asia and Europe. targeting the two-way movement of administration principles, funding and expertise, this examine highlights the way each side can gain.

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From 1985 the cumulative overseas investment total rose from $476 million to $7,266 million by the end of 1993. Over the same period the number of projects rose from 443 to 3,513. 1 indicates the regional breakdown. 1 million in 1993. Europe’s share, at 11%, is modest compared to South East Asia at 44% and North America at 33%. However, Korea’s investment in Europe is expected to increase greatly in the years to come in order to make in-roads into the integrated expanded European market. 3% compared with 1991.

This result is also consistent across the three years which have been studied. Note: T-statistics in parentheses. Source: OECD, Commodity Trade Statistics for the UK, 1991. 10 The disciplining effects of imports from different origins Note: T-statistics in parentheses. Source: OECD, Commodity Trade Statistics for the UK, 1991. 11 The disciplining effects of imports from Europe Note: T-statistics in parentheses. Source: OECD, Commodity Trade Statistics for the UK, 1991. 12 The disciplining effects of imports from Japan and the NICs Europe and the Orient Express 35 EC trade, and OECD trade in general, has a negative but statistically insignificant impact on margins.

World Bank (1994) The East Asian Miracle—Economic Growth and Public Policy, New York: Oxford University Press. Woronoff, J. Sharp. Young, S. (1982) The Basic Role of Industrial Policy and a Reform Proposal of Industrial Incentives. Hong op. ). 3 Korean investment in Europe: motives and choices Sang-Kun Nam and Jim Slater INTRODUCTION Korea is not alone as a country whose rapid growth and spectacular success as a trading nation has created a set of consequent domestic problems characterized by, among others, increasing cost of labour and other factors of production, including imports, trade frictions associated with a persistent trade surplus, a shortage of capacity, and a relatively low investment in R&D.

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