The India–Korea CEPA: An Analysis of Industrial Competitiveness and Environmental and Resource Implications

78 Pages·2019·2.126 MB·English

by  Sudhakar Yedla, Choongjae Cho

SPRINGER BRIEFS IN ECONOMICS
Sudhakar Yedla
Choongjae Cho
The India–Korea
CEPA
An Analysis
of Industrial
Competitiveness and
Environmental and
Resource Implications
SpringerBriefs in Economics
More information about this series at http://www.springer.com/series/8876
Sudhakar Yedla Choongjae Cho
(cid:129)
–
The India Korea CEPA
An Analysis of Industrial Competitiveness
and Environmental and Resource Implications
123
Sudhakar Yedla Choongjae Cho
Indira Gandhi Institute of Development Korea Institute for International
Research(IGIDR) EconomicPolicy (KIEP)
Mumbai,India Seoul, Korea
ISSN 2191-5504 ISSN 2191-5512 (electronic)
SpringerBriefs inEconomics
ISBN978-981-13-2927-2 ISBN978-981-13-2928-9 (eBook)
https://doi.org/10.1007/978-981-13-2928-9
LibraryofCongressControlNumber:2018957674
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Acknowledgements
Theworkpresentedinthemonogramwasconductedduring2014atKoreaInstitute
of International Economic Policy (KIEP), Seoul, Republic of Korea under their
prestigious Visiting Fellows Program. Professor Sudhakar Yedla was a Visiting
Fellow at KIEP during May–June 2014 and is thankful to KIEP for the financial
support provided in the form of fellowship. The material has been submitted to
KIEPasafellowshipreportandthesamewaspublishedasacompilationofworks
by visiting scholars as part of KIEP publications series of visiting fellows.
v
Contents
Introduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
Pattern of Trade Between India and the Korean Republic . . . . . . . . . . . 2
Export and Import Pattern for India and Korea During
2009–2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
Comprehensive Economic Partnership Agreement (CEPA)—Basic
Constructs and Key Features. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Impacts of CEPA on Trade Between India and Korea. . . . . . . . . . . . . . 17
EffectonIndustrialCompetitivenessinIndiaandKoreabyRevealed
Comparative Advantage (RCA) Method of Analysis. . . . . . . . . . . . . 17
EffectonIndustrialCompetitivenessinIndiaandKoreabyRelative
Trade Advantage (RTA) Method of Analysis . . . . . . . . . . . . . . . . . . 21
Qualitative Analysis of CEPA’s Impact on the Environment and
Natural Resources Base in India and Korea . . . . . . . . . . . . . . . . . . . . . 29
Environmental and Natural Resources Implication of Bilateral
Trade Agreements. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
References . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67
vii
About the Authors
Prof. Sudhakar Yedla is a Full Professor of Environmental Policy at Indira
Gandhi Institute of Development Research (IGIDR), Mumbai, an internationally
renownedpolicythinktankinIndia.HeisalsoservingasaCourtMember(Board
Member) for the Central University of Jharkhand, India. He had earlier worked at
InstituteforGlobalEnvironmentalStrategies(IGES),JapanasaPolicyResearcher,
and University of Ulsan, South Korea, as a Professor; at the National Institute of
Technology (NIT), Warangal, India, as a Professor; at Asian Institute of
Technology (AIT), Thailand, as a Visiting Professor; at National Institute of
Environmental Studies (NIES), Japan, as a NIES Fellow and as a Visiting Scholar
atNewJerseyInstituteofTechnology(NJIT),Newark,USA.Earlier,hehadserved
the World Bank, FAO, Sida, UNESCAP, UNEP, IGES and UNDP as an interna-
tional consultant.
He works in the area of urban environmental management and policy and cli-
mate change mitigation. He was the Director for a multinational research initiative
on transportation and climate change funded by Sida. He has published about 110
international journal papers, articles, books and won about 12 international fel-
lowships. He shares an equal passion for research and teaching and taught at a
number of national and internationally renowned institutions.
HehasgraduatedwithadegreeinCivilandEnvironmentalEngineeringandhas
Masters and Doctorates from the Indian Institute of Technology (IIT), Kharagpur,
India. He was a Postdoc at Asian Institute of Technology (AIT), Thailand, and
received a diploma in International Environmental Law from the United Nations
Institute for Training and Research (UNITAR), Switzerland. He has completed a
courseinEnvironmentalEconomicsandDevelopmentPolicyfromtheWorldBank
Institute, Washington D.C., USA.
Dr. Choongjae Cho is Senior Director General of Research Planning and
Coordination Department at Korea Institute for International Economic Policy
(KIEP), Seoul, Korea. Before this, he was Head of the South Asian Team at the
same institution. He is also an Adjunct Professor at the Graduate School of
International Studies at Hankuk University of Foreign Studies (HUFS), Seoul,
ix
x AbouttheAuthors
South Korea. He is a member of the board in the Korean Association of Indian
Social Science Research and the Institute of Indian Studies Korea. He is an expert
on Indian economy and the economic cooperation between Korea and India. He
graduatedfromPusanNationalUniversity(Busan,SouthKorea)inEconomicsand
obtained his PhD from HUFS. He was a Visiting Scholar of Claremont Graduate
University in USA.
Abstract
The work presented in this book analyses the positive impact of the India–
Korea CEPA on trade flow between these two countries, effect on the competi-
tiveness of firms both in India and Korea by employing revealed comparative
advantage (RCA) and relative trade advantage (RTA) methods. It explores related
issues further, including negative effects of the India–Korea CEPA on the envi-
ronmentandnaturalresources,anddevelopsaframeworkofimpactassessmentfor
a future and comprehensive study on environmental impacts of CEPA. The book
explains, in qualitative terms, such possible negative impacts of India–
Korea CEPA, and argues that such externalities from bilateral trade need to be
internalized in order to have the benefits of improved trade trickle down to the
lower strata of the society on equitable terms.
xi