earticle

영어

This study aims to propose a new trade strategy of Korea in the 21st century to be called the total integrated trade strategy. Trade promotion policies have grown to be big and inefficient patched rags. In order to overcome the limits of the current trade promotion system, it is necessary to integrate individual trade strategies to make a compound and efficient total system that is more efficient than sum of individual ones, which is the fundamental concept of total integrated trade. To implement the total integrated trade strategy, this paper suggests to reform existing legal and institutional subsystem to make a 'Comprehensive Trade Act' which would resolve conflicts of separate subsystems. As a stepping stone to realize this final model, communications and cooperations among the officials in charge are urgently needed. Successful fulfillment of total integrated trade strategy would play a key role in achieving another economic miracle in Korea.