By Richard Robison
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Extra resources for Emergence of the Middle Class in Southeast Asia
With regard to electronic products, the United Kingdom unilaterally imposed an import quota on Korean black-and-white TV sets in violation of GATT regulations. The annual quota was 35,000 sets for 1977 and 1978. The Republic of Korea had already exported 50,000 TV sets to the United Kingdom in 1977 before the unilateral imposition of the quota. In 1978, therefore, the Republic of Korea could sell only 20,000 sets in the British market. Australia started to restrict Korean refrigerators, washing machines, and dryers in 1975, and it seems that country will continue the tariff quota until long-term measures have been worked out.
Bottlenecks are likely to be found in human resources including project research capacity, technical staffs, and administrative capacity, but, through increasing volume of financial aid, tangible results in this aspect will be attained. The training of experts and improvements in administration will be key problems. The potential of the private sector should be fostered in this respect and more foreign experts and students should be invited to Japan. 2. In the areas of trade, investment, and industrialization, Japan should mobilize its ability to provide more markets for products from developing countries, and private capital should play a positive role in industrialization in these nations.
In 1974, 23 items were restricted; and in 1977, 34 8. 9. 10. ASIA AND THE NEW INTERNATIONAL ECONOMIC ORDER the number of restricted items increased to 38. Still, the development and export of unrestricted items is very slow. Insufficient production of (GSP) items: The Republic of Korea has not produced enough items subject to the generalized system of tariff preference (GSP). 4 percent). Heavy concentration on labor-intensive industries: The Republic of Korea has another structural imbalance: overconcentration on labor-intensive industries.