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More than two decades ago, when the USSR still existed and the concept of the world socialist system presumed that all socialist countries were developing as one, I argued (still…
Though hesitant to officially join the U.S. Indo-Pacific Strategy, South Korea is seeking to promote many of the same values through the Moon administration’s “New Southern Policy.” Central to this…
This month, the world was reminded once again that the relationship between the Republic of Korea and Japan is deeply fractious. Japan has imposed restrictions on the export of chemical…
The North Korean economy is changing – we know this because of widely reported growth of private markets since the famine of 1990s. But black markets and illicit activities are…
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…
It is hard not to be sympathetic to South Korean President Yoon Suk-yeol as he tries to disentangle likely changes in US economic policies by the second Donald Trump administration. He, like dozens of his peers, is clamoring to come to Washington as soon as possible to influence decisions before they are set in stone.…
South Korea narrowly avoided a technical recession in the third quarter (Q3) of 2024 as GDP eked out a disappointing 0.1 percent gain from Q2, according to the Bank of Korea. The increase follows a small decrease in Q2 and a large upturn in Q1. The Q3 data corresponds to about a 0.4 percent gain…
Americans will soon elect a new presidential administration, which means potential changes for an array of US policies. In recent years, Washington has aligned its economic policies to coordinate with like-minded partners on supply chains and economic security, advanced technology development and safety, and decarbonization and clean economy standards. With a host of initiatives still…
Every fall, the International Monetary Fund (IMF) hosts the world’s top economists, central bank officials, government bureaucrats, and civil society leaders in its Annual Meetings to discuss issues of key concern and calibrate a future outlook on the global economy. There were four main themes in this year’s meeting: moderating inflation, low growth, fiscal stress,…
As disruptions in supply chains continue, what practical steps can the U.S. and Korea take to strengthen supply chains against future crises?