30 Years of Trade and Investment Cooperation between Russia and South Korea
https://doi.org/10.35854/1998-1627-2020-10-1048-1059
Abstract
The presented study analyses the results of trade and investment cooperation between the Russian Federation and South Korea over the past 30 years — since the establishment of diplomatic relations in 1990.
Aim. The study aims to analyze major trends in commodity and investment flows between the two countries to identify the main features of bilateral cooperation over 30 years.
Tasks. The author identifies the main stages of bilateral cooperation; assesses the initial conditions at the time of its origin and how these conditions changed over time; identifies the features of merchandise trade between the two countries; analyzes regional investment structure; describes possible ways to enhance cooperation.
Methods. This study uses systematic methods of statistical analysis of trade and investment, synthesis of information from various uses, including general scientific methods of induction and deduction.
Results. The author determines general trends in the development of trade between the countries — in particular, the increasing concentration of trade flows in several commodity categories, both from Russia and from Korea. Disproportions associated with the amount and orientation of investment and the nature of the business involved in cooperation are identified. Emphasis is placed on the asymmetry in the degree of government involvement in bilateral economic relations.
Conclusions. To enhance cooperation, it is important to create mechanisms and institutions that could serve bilateral trade and investment flows without reference to third countries.
About the Author
I. A. Korgun
Institute of Economics of the Russian Academy of Sciences (IE RAS)
Russian Federation
Russian Federation
Irina A. Korgun - Ph.D. in Economics, Acting Head of the Center of the Russian Strategy in Asia
32, Nakhimovskiy Ave., Moscow, 117218, Russia
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Review
For citations:
Korgun I.A. 30 Years of Trade and Investment Cooperation between Russia and South Korea. Economics and Management. 2020;26(10):1048-1059. (In Russ.) https://doi.org/10.35854/1998-1627-2020-10-1048-1059
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