Research On Corporate Governance Of Southeast Asian Corporations

Since 1960s, the study on intra-industry trade between developed countries has appeared in vast amount of literatures, forming the basis for the new trade theory.The developed countries had long been the focus of the intra-industry studies. With the development of the international trade, the intra-industries trade between the countries which are in the different economic levels has attracted more interests than before. China is a developing country, a major participant in inter-national trade, South Korea is the booming industrialized country. In addition, South Korea are successful country which learn advanced technology from the west countries and imitate, create the successful aspects from the west countries .It is good experience for China and worthwhile to research into the mechanism of intra-industry trade between these two countries.Firstly, this paper summarizes the theoretical and framework of intra-industry trade theory. In the following Chapter, the paper has a overview of the intra-industry trade situation between China and South Korea during 1992-2008 according to classification of SITC. Then the intra-industry index is subdivided into horizontal intra-industry trade index and vertical intra-industry trade index and analysed accordingly. In order to analyse more paricular to the intra-industry between China and South Korea, The SITC is divided into 3 digital .The paper focus on the researching on the type of the trade, intra-industry trade index and the price of top 20 commodities exported from China and South Korea. The results show that although in the past 10 years, China and South Korea between the intra-industry trade has been greatly developed, but the level of intra-industry trade is still relatively low level, in particular the level of Horizontal intra-industry trade. Intra-industry trade between China and South Korea are essentially intra-industry trade vertical intra-industry trade. And then analysis trade interests of intra-industry trade between the two countries, as well as on the impact of China's economic development.Lastly, put forward countermeasures and suggestions on the development of intra-industry trade between China and South Korea.