Asia-Global Economic Order Program


Thematic Research

Director: Jeehyeong Park (Dept. of Economics)
Co-Researchers: Dukgeun Ahn (Graduate School of Int’l Studies), Sokbae Lee (Dept. of Economics), Jihong Lee (Dept. of Economics)
Research Fellows: JaeYoun Roh (SNUAC)

− Seeking a new model for global economic order base on the analysis of the realignment of the international economic order in Asia
− Unveiling of research pertaining to international economic policy for Asia and the world economy
− Research on the clashes and adjustments of the interests of advanced and emerging countries following the shift of
innovative and creative activities to Asia
− Simultaneous progression of scholarly and policy research pertaining to innovation and creativity in Asia
− Pursuit of interdisciplinary, amalgamative studies synthesizing research in the fields of economics and law
− Organizing international academic conferences toward the formation of Asian and global research networks of scholars in related fields
− Supporting graduate students in Master’s and PhD programs and contributing to the nurturing of future academic generations by encouraging students to participate in research

Asia and the Changing Global Economic Order

Research Topics
The Center for Asia and Global Economic Order (CAGEO) studies the reor­ganization of international economic order surrounding developed and developing countries in Asia. CAGEO conducts interdisciplinary research on international trade rules, including studies on economic and legal sectors. Especially by integrating existing economic theories with quantitative analysis and legal studies and researching about the reorganization of international economic order based in Asia, CAGEO aims to aptly respond to risks stemming from such transition as well as to seek a new model of global economic order that allows for sustainable development.

One of the main issues regarding the reconstruction of global econom­ic order is the mediation of conflicting interests between advanced and emerging countries following the relocation of innovative and creative activities to Asia. With this in mind, CAGEO analyzes innovative and cre­ative activities in Asia from the perspective of “Transnational Asia,” and investigates changes in research paradigms through a new conceptu­alization of the direction of change in global economic order.

Major Research Outcomes
In 2015, CAGEO’s main objective was conducting basic economic research regarding innovative and creative activities, thereby strengthening the link with Asia research. One of its most prominent academic research outcomes during the past year was the research on “the direction of change in global economic order in response to the relocation of innovative and creative activities to Asia.” The draft of the research report was completed last November, while editing and refining efforts for publication are currently in progress.

This task was initiated in 2014, with all co-researchers each carrying out an empirical, theoretic, and legislative analysis on the innovation and in­tellectual property rights in the Asian region. Through an interdisciplinary discussion on tentative conclusions regarding such individual research, researchers were able to produce meaningful research outcomes regard­ing innovative activities in Asia. In relation to this research topic, CAGEO developed a database on creative activity while carrying out academic and policy research for index development. Through such efforts, in 2015, a joint research paper based on the analysis of the patent citation index from the technological progress perspective was accepted for publication in The Economic Journal, a distinguished SSCI journal. Further, in the sec­ond half of 2015, CAGEO arrived at meaningful policy-related implications by conducting basic research on the patent/innovative index develop­ment for each industry, as a national research center service task.

On the other hand, co-researchers and assistant researchers made var­ious academic achievements regarding the international trade system and Asian countries. CAGEO is consistently expanding the scope of research on trade order and issues concerning Asian countries and developing countries. To achieve this, CAGEO carried out policy tasks that researches international trade laws regulating technical barriers to trade and relevant cases of dispute, as well as publishing papers on the comparative analysis of Korea’s FTA model. As a part of the research on Chinese trade disputes, CAGEO analyzed countervailing measures against China and presented the findings about the structural problems
and trade law issues deriving from China’s subsidy policies. In addition, in relation to the application of the safeguard policy, CAGEO is currently revising a research paper on different usage patterns between developed and developing countries from the perspective of trade systems, economics, and empirical analysis.
Future Challenges and Outlook
CAGEO has strived to find a research model that integrates theoretic, legislative, and empirical analysis of the international trade system. CAGEO analyzed the process of adopting and implementing laws to protect intellectual property rights, as well as issues that surface at the current point in time. For example, CAGEO’s research activities include reviewing the protection system of Asia’s intellectual property rights which is currently being extended and enhanced by the FTA. Through such analysis, CAGEO plans to explore possible measures for the system’s future improvement, and identify various research topics that can emerge during the process of reorganizing the international trade order. CAGEO also plans to reinforce interdisciplinary research in order to pursue solutions appropriate for Asia.