Asia

The COVID-19 pandemic has been the most significant economic disruption to the international economy since the Great Depression. The IMF estimates that the global economy contracted by 3.5 percent last…

Today’s global economy is highly interconnected and interdependent. Supply chains across the world are finely tuned to deliver parts just when they are needed, so that companies and industries do…

Japan led, and was transformed, by the global supply chain revolution. Facing growing protectionism in industrialized markets and reeling from sharp yen appreciation in the aftermath of the 1985 Plaza…

The U.S.-China trade war and the pandemic have had a profound impact on cross-border supply chains. In the past few years of U.S.-China tensions, China has been accused of engaging…

Recently released data from the Department of Commerce confirmed that the United States achieved record-level export of services to South Korea in 2018 – $24.5 billion. Combined with the trade…

We imagine North Korea as a country that is carrying on not only a conflict left over from the Cold War, but also a decrepit legacy economy from the past.…

The second summit between President Donald Trump and North Korean leader Kim Jong-un on February 27 and 28 ended without an agreement. The key difference in the two leaders’ negotiating…

As the complex negotiations between North Korea, the United States, and South Korea continue, it is worthwhile to review what the current U.S. presence on the Korean Peninsula looks like.…

By Troy Stangarone The end of the Cold War is primarily remembered for the fall of the Berlin Wall, the end of the Soviet Union, and the reunification of Germany. However, in Asia one of its most significant impacts was to pave the way for South Korea and China to establish formal relations two decades…

By Jinho Park The ancient Chinese military strategist Sun-Tzu warns, “He who knows the enemy and himself will never in a hundred battles be at risk; He who does not know the enemy but knows himself will sometimes win and sometimes lose; He who know neither the enemy nor himself will be at risk in…

By Sarah K. Yun After the failed April 13 rocket launch, North Korea seemed to be headed towards increased isolation from the international community. The United Nations Security Council tightened the sanctions regime, while the United States canceled the 24,000 metric tons of food aid that had been part of the “Leap Day” Agreement. However,…

By Seongjin James Ahn   Uncertain Times Ahead Due to its place in the global economy, it was inevitable that South Korea would feel the pinch of weakening global economic conditions. To say that the country is on the verge of a crisis would be going too far, but issues that have been brewing over…