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It is undeniable that Korea successfully overcame the global financial crisis faster than any other country in the world. Last year, the Financial Times complimented Korea as it seemed to have pulled off a textbook recovery, and French intellectual Guy Sorman commented that the Korean economy had gone from strength…
The most important single variable for any trade-dependent country like Korea is robust and sustainable growth for the world economy. Korea takes a sharp hit to its exports, and thus its economic growth, from any sharp global turndown à la 2008–09, let alone a period of prolonged stagnation or especially…