글로벌 보조금 규제의 새로운 현상: 역외보조금·기후변화 보조금·환율보조금 (Latest Development in Subsidy Regulation: Foreign Subsidies, Climate Change-related Subsidies, and Currency Undervaluation Subsidies)

265 Pages Posted: 17 Nov 2022

See all articles by Cheon Kee Lee

Cheon Kee Lee

Korea Institute for International Economic Policy

Minji Kang

Korea Institute for International Economic Policy

Minjoo Kim

Korea University

Multiple version iconThere are 2 versions of this paper

Date Written: December 30, 2021

Abstract

Korean Abstract: 급변하는 국제 정치·경제 환경하에서 공급망 재편과 리쇼어링, 기술경쟁, 기후변화, 통화가치 저평가 등 새롭게 등장하고 있는 다양한 국제적 현안에 효과적으로 대응하기 위해 국가들의 정책 목표와 수단 또한 진화해 왔다. 특히 보조금은 국가의 정책목표 달성에 핵심적인 역할을 수행하고 있다. 현재 코로나19로부터의 경제회복, 탈탄소화 촉진 등과 맞물려서 다양한 보조금 지원이 이루어지고 있다. 앞으로도 각국이 국내 정책 달성을 위해 보조금을 활용하는 경우가 보다 빈번해질 것으로 예상된다. 보조금 문제를 두고 국제적 차원에서 논란이 지속될 가능성이 크다. 이러한 상황 변경을 적극적으로 반영하여, 미국과 EU는 WTO로 대표되는 전통적인 국제통상 규칙의 틀을 벗어나 보조금 규제의 횡적 범위를 넓히고 새롭게 등장하고 있는 보조금 유형에 대한 규제를 강화하려는 모습을 보이고 있다. 본 연구는 미국과 EU가 제시하는 새로운 보조금 규칙의 외연을 역외보조금, 기후변화 보조금, 환율보조금을 중심으로 분석하였다.

English Abstract: In response to today’s rapidly changing global trade environment, countries have continued to make changes to their policy objectives and instruments to address new and emerging issues such as supply chain restructuring and reshoring, climate change, and currency undervaluation. To this end subsidies have been playing a particularly important role, and are expected to be used more broadly across different sectors in the coming years. While controversies over government subsidization are likely to continue at the international level, the United States and the European Union have proposed at the domestic level to expand the scope of subsidy regulation and to tighten regulation on newly emerging subsidy types beyond the traditional boundaries set by international trade rules. Among a number of the latest developments on subsidy regulation, this study primarily focuses on (ⅰ) transnational subsidies granted by a government to enterprises active in other foreign countries (hereinafter “foreign subsidies”); (ⅱ) green subsidies for climate change mitigation; and (ⅲ) subsidies related to currency undervaluation.

Note: Downloadable document is in Korean.

Keywords: Transnational Subsidy, Green Subsidy, Currency Undervaluation

Suggested Citation

Lee, Cheon Kee and Kang, Minji and Kim, Minjoo, 글로벌 보조금 규제의 새로운 현상: 역외보조금·기후변화 보조금·환율보조금 (Latest Development in Subsidy Regulation: Foreign Subsidies, Climate Change-related Subsidies, and Currency Undervaluation Subsidies) (December 30, 2021). KIEP Research Paper, 중장기통상전략연구(LT) 21-05, Available at SSRN: https://ssrn.com/abstract=4276078 or http://dx.doi.org/10.2139/ssrn.4276078

Cheon Kee Lee (Contact Author)

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Minji Kang

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Minjoo Kim

Korea University ( email )

1 Anam-dong 5 ka
Seoul, 136-701
Korea, Republic of (South Korea)

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