Confronting South Korea S Next Crisis

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Confronting South Korea's Next Crisis

Jaejoon Woo
Confronting South Korea s Next Crisis Book PDF

Author : Jaejoon Woo
Publisher : Unknown
Page : 0 pages
File Size : 42,7 Mb
Release : 2022
Category : Korea (South)
ISBN : 0192633422

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Confronting South Korea's Next Crisis by Jaejoon Woo Pdf

South Korea's economic miracle is a well-known story. However, today Korea is confronting a new set of internal and external risks, which may foreshadow the next crisis. The Korean economy has struggled with a faltering growth momentum and the rise of unprecedented socio-economic problems well before the pandemic crisis. After abrupt downshifts to markedly slower growth in the early 2000s, economic growth has continued to decelerate. Koreans are grappling with slow income growth, all time-high household debt, high youth unemployment, inequality, and social polarization. Politics is in disarray and is incapable of directing social discourse for the common good. Rapid population aging along with the world's lowest fertility rates stokes fears of Japanification. Simultaneously, disruptive technologies and a fast-changing business environment, including the rise of China, clash with a range of long-standing structural problems. The contemporary challenges are radically different from those seen in the early stages of industrialization. There are multiple risks that threaten to self-perpetuate low or stagnant growth over the next decade or so, if not an outright financial crisis. Motivated by these latest developments, this book seeks to provide a timely and in-depth analysis of key current issues and foreseeable challenges of the economy, with a provocative reassessment of its future. Based on extensive new empirical works, it examines the underlying causes of the socio-economic problems. In a constructive spirit, it puts into perspective what would constitute critical elements of ideal policy solutions and the direction of the future government's role.

Confronting South Korea's Next Crisis

Jaejoon Woo
Confronting South Korea s Next Crisis Book PDF

Author : Jaejoon Woo
Publisher : Oxford University Press
Page : 647 pages
File Size : 55,8 Mb
Release : 2022
Category : Korea (South)
ISBN : 9780198864424

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Confronting South Korea's Next Crisis by Jaejoon Woo Pdf

South Korea's economic miracle is a well-known story. However, today Korea is confronting a new set of internal and external risks, which may foreshadow the next crisis. The Korean economy has been struggling with the faltering growth momentum and the rise of unprecedented socio-economic problems over recent years well before the pandemic crisis. After abrupt downshifts to markedly slower growth in the early 2000s, economic growth has continued to decelerate. Koreans are grappling with slow income growth, all time-high household debt, high youth unemployment, inequality, and social polarization. Politics is in disarray and is incapable of directing social discourse for the common good. Rapid population aging along with the world's lowest fertility rates stokes fears of Japanification. Simultaneously, disruptive technologies and fast-changing business environment such as the rise of China clash with a range of long-standing structural problems. The contemporary challenges are radically different from those seen in the early stages of industrialization. There are multiple risks that threaten to self-perpetuate low or stagnant growth over the next decade or so, if not an outright financial crisis. Motivated by these latest developments, this book seeks to provide a timely and in-depth analysis of key current issues and foreseeable challenges of the economy, with a provocative reassessment of its future. Based on extensive new empirical works, it examines the underlying causes of the socio-economic problems. In a constructive spirit, it puts in perspective what would constitute critical elements of ideal policy solutions and the direction of the future government's role.

Confronting Security Challenges on the Korean Peninsula

Marine Corps Press
Confronting Security Challenges on the Korean Peninsula Book PDF

Author : Marine Corps Press
Publisher : Createspace Independent Publishing Platform
Page : 232 pages
File Size : 44,7 Mb
Release : 2018-01-21
Category : Electronic
ISBN : 198405645X

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Confronting Security Challenges on the Korean Peninsula by Marine Corps Press Pdf

The Korean Peninsula was and is in a state of flux.More than 60 years after the war that left the country divided, the policies and unpredictability of the North Korean regime, in conjunction with the U.S. alliance with South Korea and the involvement of China in the area, leave the situation there one of the most capricious on the globe. Confronting Security Challenges on the Korean Peninsula presents the opinions from experts on the subject matter from the policy, military, and academic communities. Drawn from talks at a conference in September 2010 at Marine Corps University, the papers explore the enduring security challenges, the state of existing political and military relationships, the economic implications of unification, and the human rights concerns within North and South Korea. They also reiterate the importance for the broader East Asia region of peaceful resolution of the Korean issues.

Dilemmas of a Trading Nation

Mireya Solis
Dilemmas of a Trading Nation Book PDF

Author : Mireya Solis
Publisher : Brookings Institution Press
Page : 234 pages
File Size : 43,9 Mb
Release : 2017-08-01
Category : Business & Economics
ISBN : 9780815729204

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Dilemmas of a Trading Nation by Mireya Solis Pdf

The balancing of competing interests and goals will have momentous consequences for Japan—and the United States—in their quest for economic growth, social harmony, and international clout. Japan and the United States face difficult choices in charting their paths ahead as trading nations. Tokyo has long aimed for greater decisiveness, which would allow it to move away from a fragmented policymaking system favoring the status quo in order to enable meaningful internal reforms and acquire a larger voice in trade negotiations. And Washington confronts an uphill battle in rebuilding a fraying domestic consensus in favor of internationalism essential to sustain its leadership role as a champion of free trade. In Dilemmas of a Trading Nation, Mireya Solís describes how accomplishing these tasks will require the skillful navigation of vexing tradeoffs that emerge from pursuing desirable, but to some extent contradictory goals: economic competitiveness, social legitimacy, and political viability. Trade policy has catapulted front and center to the national conversations taking place in each country about their desired future direction—economic renewal, a relaunched social compact, and projected international influence. Dilemmas of a Trading Nation underscores the global consequences of these defining trade dilemmas for Japan and the United States: decisiveness, reform, internationalism. At stake is the ability of these leading economies to upgrade international economic rules and create incentives for emerging economies to converge toward these higher standards. At play is the reaffirmation of a rules-based international order that has been a source of postwar stability, the deepening of a bilateral alliance at the core of America's diplomacy in Asia, and the ability to reassure friends and rivals of the staying power of the United States. In the execution of trade policy today, we are witnessing an international leadership test dominated by domestic governance dilemmas.

Avoiding the Apocalypse

Marcus Noland
Avoiding the Apocalypse Book PDF

Author : Marcus Noland
Publisher : Columbia University Press
Page : 456 pages
File Size : 43,6 Mb
Release : 2000-06-01
Category : Political Science
ISBN : 9780881323030

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Avoiding the Apocalypse by Marcus Noland Pdf

On the Korean peninsula one of the greatest success stories of the postwar era confronts a famine-ridden—and possibly nuclear-armed—totalitarian state. The stakes are extraordinarily high for both North and South Korea and for countries such as the United States that have a direct stake in these affairs. This study, the most comprehensive volume to date on the subject, examines the current situation in the two Koreas in terms of three major crises: the nuclear confrontation between the United States and North Korea, the North Korean famine, and the South Korean financial crisis. The future of the peninsula is then explored under three alternative scenarios: successful reform in North Korea, collapse and absorption (as happened in Germany), and "muddling through" in which North Korea, supported by foreign powers, makes ad hoc, regime-preserving reforms that fall short of fundamental transformation.

Re-Inventing Africa's Development

Jong-Dae Park
Re Inventing Africa s Development Book PDF

Author : Jong-Dae Park
Publisher : Springer
Page : 456 pages
File Size : 54,9 Mb
Release : 2018-12-31
Category : Business & Economics
ISBN : 9783030039462

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Re-Inventing Africa's Development by Jong-Dae Park Pdf

This open access book analyses the development problems of sub-Sahara Africa (SSA) from the eyes of a Korean diplomat with knowledge of the economic growth Korea has experienced in recent decades. The author argues that Africa's development challenges are not due to a lack of resources but a lack of management, presenting an alternative to the traditional view that Africa's problems are caused by a lack of leadership. In exploring an approach based on mind-set and nation-building, rather than unity – which tends to promote individual or party interests rather than the broader country or national interests – the author suggests new solutions for SSA's economic growth, inspired by Korea's successful economic growth model much of which is focused on industrialisation. This book will be of interest to researchers, policymakers, NGOs and governmental bodies in economics, development and politics studying Africa's economic development, and Korea's economic growth model.

South Korea’s Democracy in Crisis

Gi-Wook Shin
South Korea s Democracy in Crisis Book PDF

Author : Gi-Wook Shin
Publisher : Rowman & Littlefield
Page : 361 pages
File Size : 44,7 Mb
Release : 2022-12-27
Category : Political Science
ISBN : 9781931368711

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South Korea’s Democracy in Crisis by Gi-Wook Shin Pdf

Like in many other states worldwide, democracy is in trouble in South Korea, entering a state of regression in the past decade, barely thirty years after its emergence in 1987. The contributors to this volume trace the sources of illiberalism in today’s Korea.

Crisis on the Korean Peninsula

Michael O'Hanlon,Mike M. Mochizuki
Crisis on the Korean Peninsula Book PDF

Author : Michael O'Hanlon,Mike M. Mochizuki
Publisher : McGraw Hill Professional
Page : 242 pages
File Size : 41,9 Mb
Release : 2003-07-22
Category : Business & Economics
ISBN : 9780071435536

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Crisis on the Korean Peninsula by Michael O'Hanlon,Mike M. Mochizuki Pdf

"In describing their comprehensive proposal for negotiations with North Korea, O'Hanlon and Mochizuki exhibit the strategic creativity and analytical depth badly needed by United States policy makers dealing with this strange, dangerous place." --Ash Carter, former Assistant Secretary of Defense and Ford Foundation Professor of Science and International Affairs, John F. Kennedy School of Government, Harvard University IN EARLY 2002, in his fateful state of the union address, President Bush described North Korea as being a member of the "Axis of Evil." Since then, the U.S. has gone to war with Iraq, and the world now wonders what the future of Bush's preemption policy will bring. Many of the nation's top experts feel that North Korea is a more imminent threat than Saddam's Iraq was. They have a nuclear program, a million-man army, and missiles to deploy and export. In Crisis on the Korean Peninsula, Michael O'Hanlon, a Senior Fellow at Brooking and visiting lecturer at Princeton, and Mike Mochizuki, endowed chair in Japan-US Relations at G.W. University, not only examine this issue in detail but also offer a comprehensive blueprint for diffusing the crisis with North Korea. Their solution comes in the form of a "grand bargain" with North Korea. Accords could be negotiated step-by-step, however they need to be guided by a broad and ambitious vision that addresses not only the nuclear issue but also the conventional forces on the hyper-militarized peninsula and the ongoing decline of the North Korean economy.

Global Waves of Debt

M. Ayhan Kose,Peter Nagle,Franziska Ohnsorge,Naotaka Sugawara
Global Waves of Debt Book PDF

Author : M. Ayhan Kose,Peter Nagle,Franziska Ohnsorge,Naotaka Sugawara
Publisher : World Bank Publications
Page : 403 pages
File Size : 51,8 Mb
Release : 2021-03-03
Category : Business & Economics
ISBN : 9781464815454

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Global Waves of Debt by M. Ayhan Kose,Peter Nagle,Franziska Ohnsorge,Naotaka Sugawara Pdf

The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

Developmental Mindset

Elizabeth Thurbon
Developmental Mindset Book PDF

Author : Elizabeth Thurbon
Publisher : Cornell University Press
Page : 236 pages
File Size : 53,8 Mb
Release : 2016-06-09
Category : Political Science
ISBN : 9781501704161

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Developmental Mindset by Elizabeth Thurbon Pdf

The Asian financial crisis of 1997–1998 was supposed to be the death knell for the developmental state. The International Monetary Fund supplied emergency funds for shattered economies but demanded that states liberalize financial markets and withdraw from direct involvement in the economy. Financial liberalization was meant to spell the end of strategic industry policy and the state-directed "policy lending" it involved. Yet, largely unremarked by analysts, South Korea has since seen a striking revival of financial activism. Policy lending by state-owned development banks has returned the state to the core of the financial system. Korean development banks now account for one quarter of all loans and take the lead in providing low-cost finance to local manufacturing firms in strategic industries.Elizabeth Thurbon argues that an ideational analysis can help explain this renewed financial activism. She demonstrates the presence of a "developmental mindset" on the part of political leaders and policy elites in Korea. This mindset involves shared ways of thinking about the purpose of finance and its relationship to the productive economy. The developmental mindset has a long history in Korea but is subject to the vicissitudes of political and economic circumstances. Thurbon traces the structural, institutional, political, and ideational factors that have strengthened and at times weakened the developmental consensus, culminating in the revival of financial activism in Korea. In doing so, Thurbon offers a novel defense of the developmental state idea and a new framework for investigating the emergence and evolution of developmental states. She also canvasses the implications of the Korean experience for wider debates concerning the future of financial activism in an era of financialization, energy insecurity, and climate change.

South Korea's Rise

Uk Heo,Terence Roehrig
South Korea s Rise Book PDF

Author : Uk Heo,Terence Roehrig
Publisher : Cambridge University Press
Page : 229 pages
File Size : 53,8 Mb
Release : 2014-07-03
Category : Business & Economics
ISBN : 9781107012509

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South Korea's Rise by Uk Heo,Terence Roehrig Pdf

This book explores South Korea's phenomenal economic rise and the impact that this has had on the country's foreign policy.

South Korea's Demographic Dividend

Elizabeth Hervey Stephen
South Korea s Demographic Dividend Book PDF

Author : Elizabeth Hervey Stephen
Publisher : Rowman & Littlefield
Page : 134 pages
File Size : 43,6 Mb
Release : 2019-01-14
Category : Political Science
ISBN : 9781442280861

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South Korea's Demographic Dividend by Elizabeth Hervey Stephen Pdf

South Korea’s Demographic Dividend: Echoes of the Past or Prologue to the Future? weaves together the compelling story of social and demographic effects of the economic miracle in South Korea. This exploration of social change examines the demographic dividend: a window of time when a large percentage of a country’s population is in the working ages as a result of low fertility and declining mortality.

Division System in Crisis

Nak-chung Paik
Division System in Crisis Book PDF

Author : Nak-chung Paik
Publisher : Univ of California Press
Page : 279 pages
File Size : 41,9 Mb
Release : 2011-10-05
Category : Social Science
ISBN : 9780520289888

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Division System in Crisis by Nak-chung Paik Pdf

"This volume represents the first English-language collection by the renowned Korean cultural and political critic Paik Nak-chung. Paik's omnipresent theme is the 'division system' on the Korean peninsula, the peculiar logic by which one nation remains divided into two states. These deeply humanistic essays foreground the needs of ordinary citizens and call for globally relevant solutions to Korea's divided reality."--Publisher's website.

Dealing with the Challenges of Macro Financial Linkages in Emerging Markets

Otaviano Canuto,Swati Ghosh
Dealing with the Challenges of Macro Financial Linkages in Emerging Markets Book PDF

Author : Otaviano Canuto,Swati Ghosh
Publisher : World Bank Publications
Page : 307 pages
File Size : 41,6 Mb
Release : 2013-10-29
Category : Business & Economics
ISBN : 9781464800030

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Dealing with the Challenges of Macro Financial Linkages in Emerging Markets by Otaviano Canuto,Swati Ghosh Pdf

This book deals with the challenges of macro financial linkages in the emerging markets.

Coping with the Climate Crisis

Rabah Arezki,Patrick Bolton,Karim El Aynaoui,Maurice Obstfeld
Coping with the Climate Crisis Book PDF

Author : Rabah Arezki,Patrick Bolton,Karim El Aynaoui,Maurice Obstfeld
Publisher : Columbia University Press
Page : 315 pages
File Size : 45,8 Mb
Release : 2018-07-03
Category : Political Science
ISBN : 9780231547352

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Coping with the Climate Crisis by Rabah Arezki,Patrick Bolton,Karim El Aynaoui,Maurice Obstfeld Pdf

Reducing carbon emissions is the most complex political and economic problem humanity has ever confronted. Coping with the Climate Crisis brings together leading experts from academia and policy circles to explore issues related to the implementation of the COP21 Paris Agreement and the challenges of accelerating the transition toward sustainable development. The book synthesizes the key insights that emerge from the latest research in climate-change economics in an accessible and useful guide for policy makers and researchers. Contributors consider a wide range of issues, including the economic implications and realities of shifting away from fossil fuels, the role of financial markets in incentivizing development and construction of sustainable infrastructure, the challenges of evaluating the well-being of future generations, the risk associated with uncertainty surrounding the pace of climate change, and how to make climate agreements enforceable. They demonstrate the need for a carbon tax, considering the issues of efficiently pricing carbon as well as the role of supply-side policies on fossil fuels. Through a range of perspectives from academic economists and practitioners in the public and private sectors who work either at the country level or under the auspices of multilateral organizations, Coping with the Climate Crisis outlines what it will take to achieve a viable, global climate-stabilization path.