Search All Site Content

Total Index: 5819 publications.

Subscribe to our Mailing List!

Sign up for our mailing list to keep up to date on all the latest developments.

KEI Spotlight

Korea's Economy 2012

November 29, 2012

In 2011, the Republic of Korea became one of only a handful of nations to pass the $1 trillion threshold in total trade as trade continued to grow at an impressive rate, despite continued troubles in the global economy. This year’s edition of Korea’s Economy looks at a series of key international issues facing Korean policy makers in the years ahead.

Korea is rapidly approaching the end of its current trade policy which has focused primarily on bilateral trade agreements with nations such as the United States, the EU, and the ongoing negotiations with China. The 2012 edition of Korea’s Economy looks at what might be the next steps for Korean trade policy.

With the euro crisis continuing in Europe, this year’s volume also looks at what lessons Asian policy makers can learn from Europe when considering Asian integration. It also looks at one of the key components of the current administration’s “Global Korea” policy, development assistance.



Part I – Overview and Macroeconomic Issues

Korea’s Economic Prospects and Challenges

Thomas Rumbaugh – Division Chief for the Asia and Pacific Department of the International Monetary Fund

The Political Economy of South Korea Under the New International Order
Pyo Hak-kil – Professor of Economics and Director of the Center for National Competitiveness, Seoul National University

Developing a New Growth Model for Korea
Randall Jones – Head – Japan/Korea Desk in the Economics Department of the OECD


Part II – The Future of Korean Trade Policy

Korea’s Trade Structure and its Policy Challenges
Lee Junkyu – Senior International Economic Adviser, Ministry of Strategy and Finance, Republic of Korea

Impacts and Main Issues of the Korea-China FTA
Choi Nakgyoon – Senior Research Fellow at the Korea Institute for International Economic Policy

Korea: Beyond Preferential Trade Deals
Shiro Armstrong – Research Fellow at the Crawford School of Public Policy at the Australian National University and Editor of the East Asia Forum


Part III – Korea’s Role in Economic Development

The Secret Success of U.S. Aid to South Korea
Andrew S. Natsios – Executive Professor at the George H.W. Bush School of Government and Public Service at Texas A and M University.

Aid by Korea: Progress and Challenges
Lee Kye Woo – Chair Professor of the Graduate School of International and Area Studies at Hankuk University of Foreign Studies

Korea’s Role and the Achievements of the Fourth High Level Forum on Aid Effectiveness in Busan
Enna Park – Director General for Development Cooperation of the Ministry of Foreign Affairs and Trade, Republic of Korea

Korean Public Opinion About Development Aid
Kwon Yul and Park Sukyung – Senior Researcher at the Korea Institute for International Economic Policy // Dr. Kwon Yul is a Research Fellow for the Korea Institute for International Economic Policy

How Korea Can Punch Above Its Weight on Development
Lawrence MacDonald -Vice President for Communications and Policy Outreach at the Center for Global Development


Part IV – Korea’s Role in Asian Integration

Financial Integration in Asia: Development and Korea’s Role
Park Young-Joon – Assistant Professor of Economics, College of Social Sciences at Ajou University

Korea and Economic Integration in East Asia – The Way Forward
Françoise Nicolas – Director of the Ifri Center for Asian Studies (Paris) and assistant professor, Paris-Est University (Marne-la Vallée)

Regional Integration in East Asia: Lessons from Europe
Kim Heungchong – Director for Planning and Research Coordination for the Korea Institute for International Economic Policy


Part V – Prospects for North Korean Economic Reform

The Sunshine Policy is Not, and was Not, a Failed Policy
Moon Chung-in – Professor in the Department of Political Science at Yonsei University

The Current State of the North Korean Economy
Marcus Noland – Deputy Director and Senior Fellow of the Peterson Institute for International Economics