Nobody downloaded yet

Japan-Korea Trade Relations - Term Paper Example

Comments (0) Cite this document
Japan and Korea are among the most important economies in the East Asia. The Asian economic crisis caused both these countries to promote a closer economic relationship. The paper answers: history of Japan-Korea trade relations, approaches adopted by Korea to handle the TD, reasons behind the unfavorable TD, economic significance of Japan-Korea TR, recent developments in Korea-Japan TR…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.6% of users find it useful
Japan-Korea Trade Relations
Read TextPreview

Extract of sample
"Japan-Korea Trade Relations"

Download file to see previous pages The contraction of the trade relations between Korea and Japan initiated between the years 1929 and 1933 which was the period of the Great Depression. However this contraction in the trade was temporary. The trade expanded again after the year 1933. The expansion was fast and the exports to and imports from Japan were 80% of the total exports and imports. The trade relations between Japan and Korea were severed after the World War II. As compared to the exports before the World War II, Korea’s exports were negligible. The exports in the year 1953 were merely 1% of the total Grand National Product (GNP); however the imports were 10%. This difference in exports and imports affected the Korean economy in a negative way and it created a very sophisticated system of exchange rates (Hong, 1979). Due to the Korean War, trade with Japan stimulated; however the extent of imports was far larger than that of exports. The scenario changed again the trade between Korea and Japan came down to a very insignificant rate of GNP by the end of 1950s. In the 1960s, trade between Korea and Japan began to grow again and by the mid of the decade the trade relations between both these countries were established. Both the imports from and exports to Japan rose by a significant degree and they accounted for a high proportion of the total imports and exports of Korea. From the perspective of Japan, exports to Korea were 2.8% of the total exports in the year 1962 (Haggard 1990). In the early 1960s, the President of Korea had initiated designing economic reforms that encouraged trade relations with Japan. Such reforms included unification of the exchange rates and the controls on exchange were...
Any impact on these economies would affect the rest of the economies in the region; therefore it is highly important that both the economies remain stable. In the recent past, it has been observed that without any cooperation, these economies would not be able to handle the economic crisis in the Asia. The Asian economic crisis caused both these countries to promote a closer economic relationship. This time, it was determined that mere private sector cooperation would not suffice, but the economies will have to cooperate at governmental level. Thus, it can be inferred that the trade relations between Japan and Korea are just as important for the region as they are important for these two economies. According to Yamazawa, a framework is being designed that would help Japan and Korea to implement upon their plan for a closer economic relationship. The framework would also include a Free Trade Agreement (FTA) which would facilitate the trade among these two countries even more.
The trade relations between Korea and Japan have not been quite smooth since their very inception. There have been certain factors that keep the trade between these countries from developing. According to historical facts, Japan and Korea have made a number of attempts to improve the trade. However, the imbalance in the trade between these countries kept increasing over the years till the trade deficit reached a very high point. The trades relations have been unfavorable since then, however both the countries have been trying to get improve the trade relations once again and discussions between the officials of both the countries are underway. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Japan-Korea Trade Relations Term Paper Example | Topics and Well Written Essays - 2000 words”, n.d.)
Retrieved from
(Japan-Korea Trade Relations Term Paper Example | Topics and Well Written Essays - 2000 Words)
“Japan-Korea Trade Relations Term Paper Example | Topics and Well Written Essays - 2000 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
IP5- Relations in trade
...?Instructions: As a family firm, Content Cow Dairy and Mr. Swanson are worried about the firm's homespun and patriotic image. Mr. Swanson has seen the film clips of protestors at the World Bank and other international meetings calling for fair trade, not free trade, and wants to avoid controversy. You have been asked to prepare a research paper that should include the following: ABSTRACT The need to grow all sectors of the economy has resulted in the fomulation of various policies and trade strategies. Whereas some of these policies and strategic plans go a long way to benefits governments in power in the sense of ensuring the direct growth of the country’s economy, some of the policies...
5 Pages(1250 words)Essay
Christianity between South Korea and Japan
...integrated into the administration of the imperial family for the fourth and fifth centuries, the religious conviction became a tool for political control. Afterwards Japan developed into an isle of cultural swap in the middle of Korea, China, and further south East Asian nations. Japan has a long history of Christianity. The first Europeans from Portugal landed on Kyushu, Western Japan in the year 1542 bringing with them the two historically most important things namely gunpowder and Christianity. Because of the new weapons, the Japanese barons on Kyushu welcomed foreign trade therefore tolerating the Jesuit missionaries who were successful in...
8 Pages(2000 words)Essay
Modernism and Modernization between Japan and Korea
...East Asian Japan Civilization Fall 2010 Introduction Modernism and modernization involves an in-depth analysis on various aspects of three countries with a lucid presentation on song china, Josean Korea and Meiji Japan. At the outset this treatise has dwelt on certain parameters that embrace the country of Korea especially Josean Korea in a few words. An attempt has been made to analyze and magnify the quintessence of the comparison in the process between modernism as well as modernization. Comparison between modernism and modernization of Josean Korea The present day Korea is completely modernized with the advent of...
2 Pages(500 words)Essay
Gender Bias in Korea and Japan
...Gender Bias in Korea and Japan Koreans and Japanese are considered to have similar beliefs in almost all aspects of life, from culture and tradition to organization within their society. Gender inequality has been a persistent problem in both the nations since their establishment. The social problem has been catalyzed by their almost similar beliefs in culture and traditions, which supports male chauvinism and dominance. The traditional woman in the Korean society is considered one that takes care of her family at home. The husband is the head of the house and is expected to fend for the family. These views are similar to those in the traditional Japan culture. To analyze the gender bias...
6 Pages(1500 words)Essay
Employment Relations - Trade Unions
...Topic: Employment Relations - Trade Unions Affiliation: Industrial relations are crucial for continuous production and general welfare of any state. Proper coexistence between employers and employees in the workplace translate to substantial output and growth. When conflicts arise, then parties and mediators are to settle the issue and restore calm. A trade union consists of an organization of workers and leaders that safeguards and promotes the interests of labourers. The main reason for the formation of labour unions is to negotiate for better pay and good working conditions of the workers. Other functions of unions in the industrial sector relate to...
4 Pages(1000 words)Essay
Buddhism in China, Korea and Japan
...Buddhism in China, Korea and Japan The Parable of the Burning House’s central theme is that man bears the lot of birth, worry, misery, sickness, oldage, and death, but is simply not aware of all this. Human beings can only come out of the fire that symbolizes misery by following Buddha. The parable is about a father whose three young sons are inside a house on fire. The sons are too indulged in playing with each other to notice the danger posed by the fire. Rather than drawing their attention toward the fear and inculcating fear in them, the father lures his sons out by promising to each of them that if they come out, they would get the sort of cart desired by each of them individually. The father gives...
1 Pages(250 words)Assignment
Buddhism in china, Korea and japan
...Buddhism in China, Korea and Japan Buddhist texts are rich in philosophy and spiritual reasoning. The ‘Lotus Sutra’ is an important script for the East Asian Buddhists, in countries that include China, Japan, and Korea. While admiring this Sutra, the Zen tradition of prayer and meditation has carried the legacy of ‘Lotus Sutra’ in its Koan practice. The muddy pond for the lotus, mentioned in this particular text can be compared to present day chaotic areas like New York’s Manhattan or Canada’s Toronto. The Parable of the Burning House The third chapter of this Sutra reflects upon the ‘Parable of Burning House’, as Buddha is hesitant to teach the Lotus Sutra to his...
1 Pages(250 words)Assignment
Japan China trade remain as allies with the United States Government. Economic relations between China and Japan were the only relations between the countries by the 1970s. These relations were affected when China decided to reevaluate the trading plans agreed upon. China wanted to reduce the quantity of Japanese technology it imported7. Further tension between the nations was sparked in 2001 following the Visit by the prime minister, Kozumi to the Yasukuni Shrine to pay respects to the convicted Japanese war veterans. This gesture that was seen as very offensive to China, South Korea and other countries that had suffered as a result of the Japanese...
10 Pages(2500 words)Research Paper
China,Japan and Korea
...China, Japan and Korea Problems influencing Governments China and Japan have a global recognition as some of the rapidly developing states in the Asian continent. Although currently the two nations are in good relations, this was not the case in the past. Historically, these states experienced both internal and external conflicts. The most common form of conflicts between China and Japan were political. Studies showed that the main reason for the political issues was that these states had no formal institutions that connected its citizens to the political system. In china for instance, it embraced a traditional form of governance, commonly known as Qing...
4 Pages(1000 words)Essay
Employee relations-Japan
...economic inequality since high levels of economic inequality are harmful the society’s development and cause strains to the economy (Piketty 2012, p.3). However, economic inequality in Japan is not evenly distributed across all ages since it is more prevalent among the ageing population. This can be attributed to increased atypical employment among the younger population. Additionally, with regulated policies especially in relation to legal requirements, company reconstruction has become easier. As a result, many firms have reconstructed either through merges or acquisitions. For example, amendments of the Act on Prohibition of Private Monopolization and Maintenance of Fair Trade, have...
2 Pages(500 words)Speech or Presentation
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Term Paper on topic Japan-Korea Trade Relations for FREE!
Contact Us