The Interaction between China, Japan, and Korea in the Export Market
This paper analyzes changes in the export potential and competitiveness of China, Japan, and Korea. The analysis of Japan’s export market share reveals that in sectors where Korea’s potential was strong in the early 1990s, Japan’s market share diminished. This suggests the possibility that Korea was...
| Main Author: | |
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| Format: | Article |
| Language: | English |
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Korea Development Institute
2016-05-01
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| Series: | KDI Journal of Economic Policy |
| Subjects: | |
| Online Access: | https://doi.org/10.23895/kdijep.2016.38.2.45 |
| _version_ | 1811287901427728384 |
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| author | Jung, Kyu-Chul |
| author_facet | Jung, Kyu-Chul |
| author_sort | Jung, Kyu-Chul |
| collection | DOAJ |
| description | This paper analyzes changes in the export potential and competitiveness of China, Japan, and Korea. The analysis of Japan’s export market share reveals that in sectors where Korea’s potential was strong in the early 1990s, Japan’s market share diminished. This suggests the possibility that Korea was catching up with Japan, eating into Japan’s market share. The same analysis of Korea’s export market share in the 2000s shows, for items in which China’s export potential was high, Korea’s market share has declined comparatively since 2010, with the tendency growing much larger. China’s export potential continues to expand in markets for Korea’s key export products, making it difficult to rule out the possibility that Korea’s competitiveness in key export products will be hindered, driven by the catching up of China. To respond to these challenges, it is important for Korea continuously to foster and enhance creative and core capabilities that latecomers will not easily be able to emulate. |
| first_indexed | 2024-04-13T03:26:38Z |
| format | Article |
| id | doaj.art-c45db16c50e340b5a08b6b5359aca659 |
| institution | Directory Open Access Journal |
| issn | 2586-2995 2586-4130 |
| language | English |
| last_indexed | 2024-04-13T03:26:38Z |
| publishDate | 2016-05-01 |
| publisher | Korea Development Institute |
| record_format | Article |
| series | KDI Journal of Economic Policy |
| spelling | doaj.art-c45db16c50e340b5a08b6b5359aca6592022-12-22T03:04:38ZengKorea Development InstituteKDI Journal of Economic Policy2586-29952586-41302016-05-01382456210.23895/kdijep.2016.38.2.45The Interaction between China, Japan, and Korea in the Export MarketJung, Kyu-Chul0Fellow, Korea Development InstituteThis paper analyzes changes in the export potential and competitiveness of China, Japan, and Korea. The analysis of Japan’s export market share reveals that in sectors where Korea’s potential was strong in the early 1990s, Japan’s market share diminished. This suggests the possibility that Korea was catching up with Japan, eating into Japan’s market share. The same analysis of Korea’s export market share in the 2000s shows, for items in which China’s export potential was high, Korea’s market share has declined comparatively since 2010, with the tendency growing much larger. China’s export potential continues to expand in markets for Korea’s key export products, making it difficult to rule out the possibility that Korea’s competitiveness in key export products will be hindered, driven by the catching up of China. To respond to these challenges, it is important for Korea continuously to foster and enhance creative and core capabilities that latecomers will not easily be able to emulate.https://doi.org/10.23895/kdijep.2016.38.2.45catch upproduct spaceexport market competitioncomparative advantageexport potential |
| spellingShingle | Jung, Kyu-Chul The Interaction between China, Japan, and Korea in the Export Market KDI Journal of Economic Policy catch up product space export market competition comparative advantage export potential |
| title | The Interaction between China, Japan, and Korea in the Export Market |
| title_full | The Interaction between China, Japan, and Korea in the Export Market |
| title_fullStr | The Interaction between China, Japan, and Korea in the Export Market |
| title_full_unstemmed | The Interaction between China, Japan, and Korea in the Export Market |
| title_short | The Interaction between China, Japan, and Korea in the Export Market |
| title_sort | interaction between china japan and korea in the export market |
| topic | catch up product space export market competition comparative advantage export potential |
| url | https://doi.org/10.23895/kdijep.2016.38.2.45 |
| work_keys_str_mv | AT jungkyuchul theinteractionbetweenchinajapanandkoreaintheexportmarket AT jungkyuchul interactionbetweenchinajapanandkoreaintheexportmarket |