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BRICs account for approximately 18 percent of nominal GDP, 42 percent of the population and 28 percent of the land area in the world. BRICs have made themselves known again in the world owing to the recovery of foreign direct investment since 2000 after the global financial crisis took place. As BRICs have drawn attention in terms of world economy, a quantitative analysis was made to grasp the major determinants of foreign direct investment in BRICs by Korean companies. When a panel regression analysis was conducted to find out the determinants of the foreign direct investment of Korean companies in BRICs, GDP of the nations that represented their market size had a significant positive relationship to foreign direct investment of Korean companies as expected, and their labor power also had a significant positive relationship as expected. But there was no significant relationship between wages and that, and the foreign exchange rate(FEX) was identified as a variable to have a significant positive relationship. It could be interpreted that foreign direct investment in BRICs was under the influence of not only the labor force of the nations but the rising value of the won on a short-term basis.

With the development of trade relationship, the trade dispute among international companies was rapidly increased. For resolution of international trade dispute, alternative dispute resolutions(ADR) such as reconciliation, adjustment and arbitration are widely used. Among them, arbitration is the most popular method to settle the trade dispute because it is the best resolution for international commercial disputes with compulsory binding. So this study was conducted with the goal of understanding influence of quality of arbitration on user satisfaction and loyalty as well as providing indications for developing and improving related services to the arbitration service provider. The results of the hypothesis test are as the followings. First, service reliability was not to have significant impact on satisfaction and loyalty. Second, it was found that service responsiveness has significant positive impact on satisfaction and loyalty. Third, service assurance only has significant positive impact on satisfaction. And finally, arbitration satisfaction has significant positive impact on loyalty.

일회적 순차게임은 어떤 결정이 수출 보조금과 수출 할당제와 같은 보편적인 통상정책을 위해 어떻게 수립될 수 있는지 이해를 위한 유용한 이론이 되어 왔다. 본 연구는 만일 일련의 통상 정책 게임이 어떤 시장 불확실성을 가지고 한 기간 동안 반복되는 경우에 어떻게 통상 정책 변화에 영향을 받는 지를 토론하는 데 주목적이 있다. 직관적으로 어떤 정부는 장기 국내 사회 후생을 증진시키기 위해 직접 수출 장려 정책과 간접 수출 장려 정책 사이에서 수출 장려 정책의 선택을 강요받을 지도 모른다. 본 연구는 정부가 수출 보험 프로그램과 같은 수출 장려제도를 선택함으로 써 국내 사회 후생 수준을 개선시킬 수 있음을 보여준다. 이 과정에서 본 연구는 반복된 통상 정책 게임을 통해서 확보될 수 있는 예상 할인 사회 후생을 확인한다.

This study is to verify the effects of regret that decision-maker feels from the difference between order quantity and actual demand quantity via newsvendor model. Newsvendor model shows that rational decision-maker decides optimal order quantity using demand information. However, the decision-maker who has limited rationality feels regret whenever the difference between order quantity and actual demand quantity takes place and then adjust order quantity. This research studies that the level of regret which decision maker feels would be changed depending on demand uncertainty. Also, the level of regret would influence adjusted order quantity, and whether demand information is given or not, the relationship between the level of regret and adjusted order quantity would be changed. To testify this study, we have executed newsvendor model experiment: depending on whether the information is given or not, and level of demand uncertainty (low/mid/high). As a result, regret level is changed depending on the level of uncertainty level, and regret level has significant impacts on size and frequency of adjusted order quantity.

The relationship between the Relative Purchase Power (RPP) and GDP per capita was examined. In this paper we applied several estimation method such as the POLS (pooled ordinary least square), Fixed effects, Parks, Fama Macbeth, Newy West and Cluster in approaches to ensure statistical robustness. We analyzed how much undervalued the RMB is by using the six approaches in 1980-2010. According to our empirical results, the extent of RMB undervaluation is a progressively decreasing in each year since 1984. And the RMB has been converging to the equilibrium exchange rate; it is only undervalued by roughly 4.7% and 2.7% until 2010 from the Parks and Cluster in approaches, respectively. In order to establish the strategic economic restructure, a fine-tuning monetary policy sould have been carried out by Chinese government. Chinese government should increase flexibility of RMB exchange rate and expand the floating range of RMB exchange rate gradually.

As recent globalization and FTA in the world expand, the Trade Adjustment Assistance (TAA) programs are being positively operated in quite many countries including U.S., EU, and Korea, having its rationales of political progmatism, distributional equity, and economic efficiency etc. Especially, U.S. TAA programs have a long history(since 1960s) and wide variety which belong to TAA for worker, firms, farmers & fishermen, and communities. As we know, it is asserted by most of analysts that TAA programs in U.S. have been successful and will be reauthorized continuously by Congress in the future, even though there are opponents against TAA justifications. The aims of this paper are to review TAA programs of U.S. and Korea, and find the ways for improving Korean TAA. As a result of this study, the author can find that Korean government has introduced the various positive TAA programs for firms, workers, farmers & fishermen in spite of its short history, concluding many FTAs in recent years. However, Korea has quite many problems to settle right now to increase use of TAA programs by the affected groups. It includes strengthening publicity, simplification of application procedure, resonable appraisal systems of yearly TAA results and introducing post management systems, and cultivating TAA experts etc.

Despite of very active research and debate on international competitiveness, the research and debate are applied to the actual product on management of the large companies leading industry, such as steel, automobiles, textiles, shipbuilding, semiconductor, electronics products. The small companies leading industry that produce all of the items are not interested for analysis of the international competitiveness. The reason is that valve associations is mini. and the data collection activities are not powerful, and also blame people who can not afford to engage the research that people do not pay attention to the size of a small scale, as well as the reason. In this paper, I have made an analysis for the four main countries of import, export and the international competitiveness through the trade data for industrial valves. I want to find out the difference between the position of the valve industry of our country and other countries, as well as contribute to the development of the industrial valves and other small business products, even attract the attention you want to should.

한·미 자유무역협정(KORUS FTA)는 2006년 협상 개시, 2007년 4월 타결, 2010년 11월 최종 타결을 걸쳐 2012년 3월 15일 한·미 양국에서 동시에 비준되었다. 한·미 FTA의 비준을 통한 경제영역 확대, 교역량 및 고용 증대라는 긍정적인 효과는 한국의 일부 제조업, 즉 자동차 가전제품 휴대폰 선박 등에 국한될 것으로 예상된다. 반면, 한국의 농·수산업과 제약산업 등은 막대한 피해를 입을 것으로 보인다. 이에 본 연구는 KORUS FTA의 스왓분석(SWOT Analysis)을 통해 기로에 선 한국 농업에 대한 정책제안을 모색해 보고자 한다. 아울러 최근 1년간 한·미 FTA에 대한 평가를 해 보고자 한다.

The purpose of this study is to construct the new model of internationalization of Korean ventures and to examine its explanation power. Based on the theory of international entrepreneurship(IE) and effectuation, the core of the new model is basically composed of effectual concepts which determine the way of strategic decision making for entrepreneurs. And the relations among the effectual variables and the performances of internationalization are empirically analyzed. The internal factors of ventures which influence the effectual capabilities are also included in the model and their relations are empirically examined, too. The key contribution of this study is that it highlights the important role of IE in internationalization of ventures and shows the possible role of effectuation in explaining the realization process of IE.

This study examines that consumers animosity have the negative effects on brand attitude and purchase intention and suggests corporate social responsibility may moderate the negative effects of consumers animosity on brand attitude. The results are like these. First, historical animosity has the negative effects on brand attitude, but economic animosity doesn't have the effect. We think the sample in this study are university students mostly who have education know the history between Japan and Korea, but they seem to think the two countries have the partner relationship. It means the students separate between the historical events and economic situations. And, legal-ethical responsibility and discretionary responsibility have the moderating effects. This shows the marketing efforts of companies can reduce consumers animosity toward a company which it can't control.

The purpose of this study is to suggest strategies for entry into the Nigerian logistics market functioning as a platform country in the Western Africa Region. In order to such a purpose, first, literature survey based on data and statistics materials published by international and national research institutes is carried out and analyzed. Second, industry structure, trade environment, taxation system, import and export structure related to logistics are summarized. Third, logistics situation and prospects by logistics sector such as shipping, air, rail, road are suggested. Finally, entry sector and strategy are drawn out based on such analysis results. It is considered that this study could contribute to establishing the entry strategies into the Nigerian logistics industry.

China has established or is negotiating over a dozen bilateral and - regional FTAs. Each respective FTA contains different Rules of Origin that should be studied individually in order to identify cost saving apportunities and confirm the qualification criteria. Rules of origin are critical in determining the effect of FTAs and therefore they should be carefully negotiated. In this study, we analyse rules of origin in Korea's existing FTAs as well as China's, and attempt to prepare for rules of origin negotiations for a possible Korea-China FTA.