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No. 9 January, 1998  

 

Forward

 Toward Better Relation between Korea and Yemen

Opinion

New Economic Order in the Global Economy  

 STUDY

 À¯³×½ºÄÚ°¡ Á¤ÇÑ ¹®È­À¯»ê(3): ½¬¹ã(Shibam)

Activities(Photo)

Dr. HONG met with Yemeni Minister of oil and mineral resource.

KYC News

Korea -Yemen Center Determined New Year's 1998 Plan

 

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KYC ¾È³» |¿¹¸à Åë°è|¿¹¸à ÀÏ¹Ý |´º½º·¹Å¸|¿¹¸à ¿¬±¸|¿¹¸à ´º½º|¼®À¯ Á¤º¸|¿¹¸à ´ë»ç°ü|KIME Ãßõ»çÀÌÆ®| Áßµ¿ °æÁ¦ |ºñÁî´Ï½º ¾È³»|ÀÚ·á½Ç|°Ô½ÃÆÇ

å¥Ú¦ á¼ãÓ KOREA - YEMEN CENTER NEWSLETTER º» ´º½º·¹Å¸´Â RIES ºÎ¼³ Çѱ¹¿¹¸à±³·ù¼¾Å¸°¡ ¹ßÇàÇÏ´Â ¼Ò½ÄÁöÀÌ´Ù. º» ´º½º·¹Å¸´Â º»¿ø ȸ¿ø¸¸ÀÌ ¹Þ¾Æº¼ ÀÚ°ÝÀ» °¡Áö¸ç, º»Áö¿¡ °ÔÀçµÈ °ßÇØ¿¡ ´ëÇØ¼­´Â ÇÊÀÚ ÀڽŸ¸ÀÇ °ßÇØÀ̱⿡ ÇÊÀÚ¿ÍÀÇ ÇÕÀǾø´Â ¹«´Üº¹Á¦ ¹× °ÔÀ縦 ±ÝÇÑ´Ù.

Publisher: Dr. Seong Min HONG, President KYC, Editor: Dr. Jond Do KIM, Director of Research, KYC   This publication is consisted of Korean, English, Arabic and the other languages concerned. The contents of the newsletter do not necessarily reflect either the position or the views of KYC. 

Copyright ¨Ï 1997 by RIES. Designed by Wonny.. All rights reserved. Send comments and suggestions to E-mail ;kyc@hopia.net


Forward

Toward Better Relation between Korea and Yemen

Dr. Joo Heon Kang

Mr. Mohamed Alkhadem Alwajih, Minister of oil and mineral resource of Republic of Yemen made an official visit in the early December last year. On the part of the latter, his visit was a good chance ti enlarge sources of importing oil & gas. Yemen is a country which not only possesses black gold but also suggests to Korea so many things to know.

To begin with, Yemen has already experienced the reunification that is the long dream to most of Koreans, whatever the process of reunification was.

Secondly, Yemen has a large population compared with the other countries in the Arab region. In this point, the two nations can have more economical benefit through more economical exchange.

Thirdly, Yemen is a nation which has just begun the development in every social aspect. Therefore, we can anticipate Korea, country which rose up from the ashes after the civil war at 1953, contributing to Yemeni material and mental development without the fall of the one. In addition to these, we can enumerate more.

The visit of Minister of oil and mineral resource of Republic of Yemen to Korea was a turning point for promoting friendly relation between Korea and Yemen. Now the two nations don't know each other well, because of the lack of human and cultural exchange. Korea is now eager to achieve a long-dreamed reunification which has been already achieved by Yemen. And Yemen is pushing forward in order to obtain the economical achievement. The two nations can give what one wants to each other.

So the two nations will be able to become a true friend to each other. To get to this grade, we need more studies and efforts to understand each other. In this respect, Korea-Yemen Center, affiliate of RIES, will be a stepstone for the two nation's better relationship.

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Opinion

New Economic Order in the Global Economy

Dr. Seong Min HONG, President of KYC

The present stage of world order after the end of the cold war displays no simple pattern. The United States is no longer hegemonic over the capitalist economy in the manner that it achieved in the 1940s, 1950s, and 1960s. But in some fields, particularly the military and the cultural, its dominance is greater in the 1990s than it has ever been. The collapse of Communism and the disintegration of alternative development strategies in the Third World has reunited the global political economy around the ideological principles of the United States. Meanwhile regionalism is in part a response to this situation. The United States, the European Union, and Japan might use the undoubted economic dominance that they enjoy in their regions to establish a political and security framework and a set of economic institutions which promote prosperity and development through trade, investment and aid. If such regionalist projects embrace open regionalism, they would still be compatible with the pursuit of policies at the global level through the G7 to stabilize the world economy and maintain economic growth.

The Gulf War dramatically enhanced the role of Japan and an economically united Europe and sharply reduced the role of the Soviet Union. The other transformation is the change in the underlying economic capabilities that the payments at the time of the Gulf crisis also reflect. A truly Tripolar World Economic Structure emerged, with sharing of burdens and responsibilities among a Unified Europe (EU), Japan, and the United States. USA will no longer dominate. A United Europe will become the world's largest market and biggest creditor nation and a leader in many key technologies. The Big Three of economics, therefore, became displace the Big Two of nuclear power. The most important thing is the appearance of the Bloc Economy that the Big Three ever had. European countries formed a single EU market, United States is now forming NAFTA with Canada and Mexico, and Japan, even though hard to organize it, is planning East Asia or Pacific Economic Community to cope with regional protectionism of the world trade. In the future, Regional Economy will play a great role in the world trade with the Big Three.

In short, a new world order is complex and flexible. According to Andrew Gamble and Anthony Payne' view, there would be no hegemony, and no requirement for one. Some steering functions for the world economy might be taken on by G7, or possibly the G3 if the European Union succeeds in forging a coherent political will. In such a world regionalism would have a role, as one level of governance, as a means for states to manage certain common problems which were identified as being handled best at a regional level. At any rate, the process of the new order in the world economy has been accelerated since the late 1980s. This trend will add more uncertainty to the developing country's economy. Big three superpowers will play a major role in the course of reshaping of the new world economic order. Thus flexible changes in the world order would be expected and developed in the near future.

The most challenging task that the Korean economy faces today is how to overcome the protectionism and economic regionalism that is now prevalent in the world economy. In this regard, the new Korean government puts much emphasis on establishing a basic orientation for foreign trade policies to correspond to ever changing international conditions. In the case of the Korean economy, which has a high degree of dependency on foreign transactions, it is almost impossible to separate domestic policy and foreign trade policy because these policies are so closely interrelated. Therefore, the direction that the international economic order takes, which is strongly influenced by the three economic superpowers, the US, Japan, and the European Union, will have a great deal of influence on the Korean Economy.

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STUDY

À¯³×½ºÄÚ°¡ Á¤ÇÑ ¹®È­À¯»ê(3): ½¬¹ã(Shibam)

ÀÌ»ó±â(»çȸ¹®È­¿¬±¸½ÇÀå)

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STUDY

Áßµ¿ÀÇ Àι° ¿¬±¸: ¾Ë¸® ¾ÐµÑ¶ó ½Ò·¹(Ali Abdulla Saleh)

Korea-Yemen Center´Â RIES ºÎ¼³ Áßµ¿°æÁ¦¿¬±¸¼ÒÀÇ [Áßµ¿Áö¿ª ¿¬±¸]¿¡ À̾î À̹ø¿¡´Â KIME¿Í °øµ¿À¸·Î [Áßµ¿ÀÇ Àι°¿¬±¸]¸¦ »õ·Ó°Ô ½ÃÀÛÇϱâ·Î ÇÏ¿´´Ù. Áßµ¿ Àι° ¿¬±¸ÀÇ Ã¹ ¹øÂ° ´ë»óÀ¸·Î ¾Ë¸® ¾ÐµÑ¶ó ½Ò·¹(Ali Abdulla Saleh) ¿¹¸à ´ëÅë·ÉÀÌ ¼±Á¤µÇ¾úÀ¸¸ç, ÃÊ»óÈ­µµ °çµéÀÎ ¸í½Ç»óºÎÇÑ Àι°¿¬±¸¿¡ ±× ÃÊÁ¡À» ¸ÂÃè´Ù. À̹ø ¿¬±¸¿¡ Âü¿©ÇÏ´Â ¿¬±¸ÁøÀ¸·Î´Â È«¼º¹Î(¿øÀå), ÀÌ»ó±â(»çȸ¹®È­ ¿¬±¸½ÇÀå), ±èÁ¾µµ(±³·ùÇù·Â ÆÀÀå), ÀÌÁ¾È­(ÅõÀÚ»ó´ã ÆÀÀå), ±èÀçÈñ(Å뿪¹ø¿ª ÆÀÀå), ±èÇý°æ(µµ¼­ÀÚ·á ÆÀÀå) ¹× ±èµ¿¿ø(»ç¹« °£»ç) µîÀÌ ¼±Á¤µÇ¾ú´Ù.

¶ÇÇÑ ¿¹¸à ´ëÅë·É ÃÊ»óÈ­ÀÇ Á¦ÀÛ¿¡´Â ÀÌ»óºÀ ±³¼ö°¡ Âü¿©Çϱâ·Î °áÁ¤µÇ¾úÀ¸¸ç, ±âŸ ÀÚ·á ÇùÁ¶¿Í ¹ø¿ª¿¡ °üÇÑ ÇùÁ¶¸¦ ÁÖÇÑ ¿¡¸à´ë»ç°ü¿¡ ÀÇ·ÚÇϱâ·Î °áÁ¤ÇÏ¿´´Ù.

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ACTIVITY

 

Dr. HONG, President of KYC met with Mr. Mohamed Alkhadem Alwajih, Yemeni Minister of oil and mineral resource and oil delegation at Hotel Shilla during his visit on December 5, 1997.

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KYC News


Korea -Yemen Center Determined New Year's 1998 Plan

As Korea - Yemen Center opened internet homepage in the name of http://www.hopia.net/kyc on last December 29, KYC determined as following new year's 1998 plan.

Firstly, collection and of research works, periodicals and other materials on the internet site.

Secondly, promotion of academic researches and the exchanges of data and information

Thirdly, carrying out the cultural and artistic events.

Fourthly, holding sisterhood relationship with the related body in yemen.

Fifthly consultant and recommendation for the economic cooperation.

Sixthly, research cooperation for the center's activities with the research institutions home and abroad.

Lastly, performing the other projects to coincide our center's objectives.

Korea - Yemen Center will publish a booklet about Yemeni president Ali Abdulla Saleh under the auspious of Embassy of the Republic of Yemen. KYC also planned to perform cultural event in Autumn and despatch Korea investment delegation to Yemen in order to promote economic cooperation between Korea and Yemen.

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