How easy is making trade across borders? A comparasion between Korea and Turkey

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How easy is making trade across borders? A comparasion between Korea and Turkey

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Title: How easy is making trade across borders? A comparasion between Korea and Turkey
Author: Sen-Tasbasi, Asli
Abstract: Each economy has its unique circumstances that require numerous variables to take into consideration for a sound comparative analysis. Comparing Korean and Turkish economies in particular demonstrate the importance of trade policy differentials. Both countries have followed restrictive trade policies during the 1950s and started the planning development strategy during early 1960s. However, they ended up with different trade openness and economic development levels by the 1990s. Korea shifted from import substitution to export promotion in the early l960s, while Turkey continued the import substitution policy until 1980. This study is a snapshot comparison between Korean and Turkish economies in terms of how easily each one trades with the rest of the world today, taking into account trade regulation indicators such as number of documents, time and cost required to export and import. Using the World Bank’s Trading Across Borders data, we find that procedures necessary to export and import seem in favour of Korea with respect to Turkey both in terms of duration and cost subcategories.
URI: http://hdl.handle.net/10437/5364
Date: 2012


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