The present paper examines the OECD draft recommendation on common approaches on environment and officially supported export credits, focussing on it's impact on the Korean exports and economy. The OECD recommendation aims to promote coherence between...
The present paper examines the OECD draft recommendation on common approaches on environment and officially supported export credits, focussing on it's impact on the Korean exports and economy. The OECD recommendation aims to promote coherence between policies regarding officially supported export credits and policies for the protection of the environment, thereby contributing towards sustainable development. So it demands OECD member countries more rigid, than those usually applied in Korea, environmental requirements on plant exports, which are mostly sponsored by officially supported export credits. Therefore, if the recommendation is settled as the present draft, it can be concluded that Korean exports will be decreased by 333billion Won(271million dollars} in 2002, and that thereby production and valud-added decreased by more than 530billion Won and 99billion Won respectively and that accordingly the employment will also be decreased by almost 1.3thousand in the same year.