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Special Graduate Schools
Graduate School of International Studies
Department of International Trade
International Trade
3. Theses(Master)
MYANMAR’S EXTERNAL TRADE WITH SOUTH KOREA- IDENTIFYING THE TRADE PATTERN AND ITS DETERMINANTS -
- Alternative Title
- Chit Win
- Author(s)
- Win,Chit
- Alternative Author(s)
- Chit Win
- Advisor
- 김수근
- Department
- 국제대학원 국제통상학과
- Publisher
- The Graduate School, Ajou University
- Publication Year
- 2007-08
- Language
- eng
- Keyword
- Myanmar; South Korea; trade patterns; trade determinants
- Alternative Abstract
- In a global economy, international trade is growing in importance. Nevertheless, Myanmar’s external trade with South Korea has been sluggish. This thesis tries to identify the pattern of trade between an agrarian Myanmar and an industrialized Korea over the past two decades. It also attempts to discover key determinants of bi-lateral trade between Myanmar and Korea. It examines bi-lateral trade data in SITC format from a broader 1- digit level down to product specific 5-digit level; applies the gravity model to find the relation between the expected flow of bi-lateral trade and the actual trade; and uses linear regression analysis together with business surveys to find the determinants of bilateral trade. It identifies the pattern of bi-lateral trade to be based on classical trade theories on comparative advantage and resources endowment factors. Deviating from current widelyaccepted trade pattern of developing countries, it finds that Myanmar agriculture exports are more important than manufactured exports in bi-lateral trade. There is also a positive relationship between the size of two economies and bi-lateral trade performance notwithstanding the anomalies on political, economic affiliations and cultural affinity. It discovered some of the important determinants of bi-lateral trade. Unpredictable government policy and export/import procedures are the key determinants of bi-lateral trade. Korean investments in Myanmar are also crucial determinant though their business success is more important than increase inflow of Korean investment to Myanmar. While proving the existing literature on the pattern of bi-lateral trade between Myanmar and Korea, this thesis can be seen as a direct contribution to the ongoing literature on trade between economies, suggesting economic policy can be a key determinant. It also indicates potential sectors in bi-lateral trade to be agriculture, industrial raw materials and inputs based on its findings. Based on the research findings and its analysis, recommendations are also made for policy makers and business firms to boost bi-lateral trade performance between two countries.
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