As rapidly industrializing economies in Asia sharing similar
records of economic development and facing common economic
policy challenges, the Republic of Korea and the Republic of
China habe much to gain from comparing notes. This premise
underpins the Joint Conferences on the Industrial Policies of the
Republic of Korea and the Republic of China, held annually by
the Korea Development Institute and the Chung-Hua Institution
for Economic Research. This volume contains papers and
discussions form the fourth in this annual series, held February
8-9, 1088 at the Korea Development Institute in Seoul, Korea.

The 1988 conference centered on several policy areas which
habe merged as particularly pressing issues in recent times:
import liberalization, internationalization of financial markets, and
foreign direct investment and technology transfer. Both Korea
and Taiwan are moving forward with policy reforms in these
areas as calls from the international economic community for
greater economic integration mount and as both nations
continues their efforts to achieve greater economic maturity.

For two countries sharing common economic policy goals bu
t with often divergent experiences and points of reference,
presentations and discussions of the kind summarized in the
pages that follow are especially instructive and edifying,
providing guidance for future policy research as well as practical
assistance for government policymakers. In what has become an
increasingly uncertain and rapidly changing international
environment, such cooperation and information exchange will be
increasingly invaluable if successful structural adjustment is to
be realized.

It is hoped that this collection of research articles,
comments, and discussions by leading experts in Taiwan and
Korea will meaningfully contribute to the economic literature on
these two emerging nations. As the economies of Taiwan and
Korea become increasingly complex, economic policymakers will
have to respond with greater sophistication and sensitivity. This
conference represents the kind of dialogue essential to meeting
that challenge.

(※ 서문에서 발췌한 내용임)

Opening Session :
Welcoming Remarks/Bon Ho Koo
Opening Remarks/Tzong-shain Yu
First Session : Economic Impact of Import Liberalization
Economic Impact of Import Liberalization in Korea/Kwang-Suk
Kim
Trade Liberalization in the Republic of China and the Economic
Effects of Tariff Reductions/Chaw-hsua Tu and Wen-thuen
Wang
Discussion
Second Session : Internationalization of the financial Sector
Internationalization of Major Financial Sectors in
Korea/Young-Ki Lee
Internationalization of the Financial Sector in Taiwan, Republic
of China/Jia-dong Shea
Discussion
Third Session : Direct Foreign Investment and Technology Transfer
Direct Foreign Investment and Transfer of Technology in the
Republic of Korea : A Survey/Won-Young Lee
Direct Foreign Investment and Technology Transfer in the
Republic of China/Gee San
Discussion
Summary Session :
Summary of the Two-Day Conference
General Discussion
Closing Remarks