Measuring the Costs of Visible Protection in Korea

The latest in a series of efforts to estimate the price that nations pay for their protective trade barriers, the book lays out some of the key import policies of this newly industrialized Asian power. As Korean participation in the international economy expands and membership in the OECD takes place, Korea will need to resolve several commercial tensions with its trading partners. This study describes key parts of the Korean import system, estimates the cost of its visible barriers, and recommends policy reforms.