Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/335748 
Year of Publication: 
2021
Citation: 
[Journal:] Economic Themes [ISSN:] 2217-3668 [Volume:] 59 [Issue:] 2 [Year:] 2021 [Pages:] 211-226
Publisher: 
Paradigm Publishing Services, Warsaw
Abstract: 
The spectacular economic development of South Korea in recent decades has continuously intrigued economists, academic community and general public. Whether such a development model be applied to other, less developed countries is one of the topics often explored in a number of studies and debates. Therefore, the principles of South Korean development model and the economic parameters of its foreign trade today, are some of the research aims of this paper. The research focuses on economic relations between South Korea and Serbia, current trends and prospects for future economic cooperation through the analysis of comparative advantage of the most prominent export products and industries, using the RCA index. The analysis shows that Serbia has a potential to further improve cooperation with South Korea in several export sectors, and coupled with investments in human resources and infrastructure, as well as the active promotion of Serbian market to South Korean companies, it may be one of the vectors of their future cooperation.
Subjects: 
South Korea-Serbia cooperation
Revealed Comparative Advantage
foreign trade
development model
JEL: 
O14
L16
L52
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.