The purpose of this study is to verify the economic effects of the on going Korea-EU FTA negotiations upon the regional economy and to present some strategic economic countermeasures to deal with the forthcoming changes on the economic environments. I...
The purpose of this study is to verify the economic effects of the on going Korea-EU FTA negotiations upon the regional economy and to present some strategic economic countermeasures to deal with the forthcoming changes on the economic environments. In comparing with the industrial structure between Korea and EU, due to the different specific part of their industrial competitiveness both parts would have complementary cooperative transactions and trade as well. And also Korea and EU would have the similar understanding of the importance of the field of agriculture and service in accordance with the economic standpoint respectively. The level of degree and magnitude of the effect of Korea-EU FTA upon the regional economy would be decided according to the industrial structure and the level of income of the regional economy. We are not to confirm that the FTA negotiations would have direct economic influence on the economic conditions of Gangwon province but to make some rational economic strategies which is fit to its structural character. One political strategy that might be the feasible countermeasure could be submitted. It is inflow of foreign direct investment from the developed European countries to the regional economy. This kind of developing model would mean a new experiment to activate any regional economy and a new formation of the policy of economic growth.