Issues Raised by Restructuring of the Steel Industry in Northeast Asia

RESTRUCTURING OF THE STEEL INDUSTRY IN NORTHEAST ASIA, pp. 3-25, Palgrave Macmillan, 2005

30 Pages Posted: 5 Apr 2005

See all articles by Hiro Lee

Hiro Lee

Osaka University; Osaka University - Osaka School of International Public Policy (OSIPP)

Eric D. Ramstetter

Asian Growth Research Institute; Kyushu University - Faculty of Economics

Oleksandr Movshuk

Toyama University - Faculty of Economics

Abstract

Since the early 1990s, Northeast Asia's steel industry has undergone a remarkable restructuring process. Notably, the region's steel industry lost over 1 million jobs, or over one-quarter of the total, in the 1990s. The policy environment has changed dramatically with governments relying more on market mechanisms. Mergers and strategic alliances among the region's largest steel makers have proliferated. We find that the impact of renewed U.S. protectionism has been minimal largely because the vast majority of Northeast Asia's steel exports are shipped to other Asian countries.

Keywords: steel, restructuring, Northeast Asia

JEL Classification: L11, L22, F13, F14

Suggested Citation

Lee, Hiro and Ramstetter, Eric D. and Movshuk, Oleksandr, Issues Raised by Restructuring of the Steel Industry in Northeast Asia. RESTRUCTURING OF THE STEEL INDUSTRY IN NORTHEAST ASIA, pp. 3-25, Palgrave Macmillan, 2005, Available at SSRN: https://ssrn.com/abstract=685161

Hiro Lee (Contact Author)

Osaka University ( email )

1-31 Machikaneyama-cho
Toyonaka
Osaka, 560-0043
Japan
81-6-6850-5619 (Phone)
81-6-6850-5656 (Fax)

HOME PAGE: http://www.osipp.osaka-u.ac.jp/en/

Osaka University - Osaka School of International Public Policy (OSIPP) ( email )

Eric D. Ramstetter

Asian Growth Research Institute ( email )

11-4, Ohtemachi, Kokurakita-ku
Kitakyushu, Fukuoka 803-0814
Japan

Kyushu University - Faculty of Economics ( email )

6-19-1, Hakozaki
Higashi-ku
Fukuoka, Fukuoka 8128581
Japan

Oleksandr Movshuk

Toyama University - Faculty of Economics ( email )

Toyama, 930-8555
Japan

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