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Confronting South Korea's Next Crisis

Confronting South Korea's Next Crisis PDF Author: Jaejoon Woo
Publisher: Oxford University Press
ISBN: 0192633430
Category : Business & Economics
Languages : en
Pages : 240

Book Description
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 South Korea's Next Crisis

Confronting South Korea's Next Crisis PDF Author: Jaejoon Woo
Publisher: Oxford University Press
ISBN: 0192633430
Category : Business & Economics
Languages : en
Pages : 240

Book Description
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 South Korea's Next Crisis

Confronting South Korea's Next Crisis PDF Author: Jaejoon Woo
Publisher: Oxford University Press
ISBN: 0198864426
Category : Korea (South)
Languages : en
Pages : 647

Book Description
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.

Crisis on the Korean Peninsula

Crisis on the Korean Peninsula PDF Author: Michael O'Hanlon
Publisher: McGraw Hill Professional
ISBN: 0071435530
Category : Business & Economics
Languages : en
Pages : 242

Book Description
"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.

South Korea's Rise

South Korea's Rise PDF Author: Uk Heo
Publisher: Cambridge University Press
ISBN: 1107012503
Category : Business & Economics
Languages : en
Pages : 229

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

Confronting Security Challenges on the Korean Peninsula

Confronting Security Challenges on the Korean Peninsula PDF Author: Marine Corps Press
Publisher: Createspace Independent Publishing Platform
ISBN: 9781984056450
Category :
Languages : en
Pages : 232

Book Description
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.

South Korea’s Democracy in Crisis

South Korea’s Democracy in Crisis PDF Author: Gi-Wook Shin
Publisher: Rowman & Littlefield
ISBN: 1931368716
Category : Political Science
Languages : en
Pages : 361

Book Description
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.

Water, Peace, and War

Water, Peace, and War PDF Author: Brahma Chellaney
Publisher: Rowman & Littlefield
ISBN: 1442249285
Category : Political Science
Languages : en
Pages : 425

Book Description
Now in an updated edition, this pioneering and authoritative study considers the profound impact of the growing global water crunch on international peace and security as well as possible ways to mitigate the crisis. Although water is essential to sustaining life and livelihoods, geostrategist Brahma Chellaney argues that it remains the world’s most underappreciated and undervalued resource. One sobering fact is that the retail price of bottled water is already higher than the international spot price of crude oil. But unlike oil, water has no substitute, raising the specter of water becoming the next flashpoint for conflict. Water war as a concept may not mesh with the conventional construct of warfare, especially for those who plan with tanks, combat planes, and attack submarines as weapons. Yet armies don’t necessarily have to march to battle to seize or defend water resources. Water wars—in a political, diplomatic, or economic sense—are already being waged between riparian neighbors in many parts of the world, fueling cycles of bitter recrimination, exacerbating water challenges, and fostering mistrust that impedes broader regional cooperation and integration. The danger is that these water wars could escalate to armed conflict or further limit already stretched food and energy production. Writing in a direct, nontechnical, and engaging style, Brahma Chellaney draws on a wide range of research from scientific and policy fields to examine the different global linkages between water and peace. Offering a holistic picture and integrated solutions, his book has become the recognized authority on the most precious natural resource of this century and how we can secure humankind’s water future.

Dealing with the Challenges of Macro Financial Linkages in Emerging Markets

Dealing with the Challenges of Macro Financial Linkages in Emerging Markets PDF Author: Otaviano Canuto
Publisher: World Bank Publications
ISBN: 1464800030
Category : Business & Economics
Languages : en
Pages : 307

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

Russia After the Global Economic Crisis

Russia After the Global Economic Crisis PDF Author: Anders Åslund
Publisher: Columbia University Press
ISBN: 0881325147
Category : Political Science
Languages : en
Pages : 288

Book Description
Russia After the Global Economic Crisis examines this important country after the financial crisis of 2007–09. The second book from The Russia Balance Sheet Project, a collaboration of two of the world's preeminent research institutions, the Peterson Institute for International Economics and the Center for Strategic and International Studies (CSIS), not only assesses Russia's international and domestic policy challenges but also provides an all-encompassing review of this important country's foreign and domestic issues. The authors consider foreign policy, Russia and its neighbors, climate change, Russia's role in the world, domestic politics, and corruption.

Refighting the Last War

Refighting the Last War PDF Author: D. Clayton James
Publisher: Simon and Schuster
ISBN: 1451602375
Category : History
Languages : en
Pages : 322

Book Description
Distinguished historian D. Clayton James offers a brilliant reinterpretation of the Korean War conflict. Focusing on the critical issue of command, he shows how the Korean War is a key to understanding American decision-making in all military encounters since World War II. Korea, the first of America’s limited wars to stem the tide of world communism, was fought on unfamiliar terrain and against peasant soldiers and would become a template for subsequent American military engagements, especially Vietnam. And yet, the strategic and tactical doctrines employed in Korea, as well as the weapons and equipment, were largely left over from World War II. James, the master biographer of MacArthur, uses studies of military crises to examine the American high command in the Korean War. He explores the roles, leadership, personalities, and prejudices of five key commanders—President Harry S. Truman; Generals Douglas MacArthur, Matthew B. Ridgway, and Mark W. Clark; and Admiral C. Turner Joy—and then looks at six crucial issues confronting them in that conflict. From the decision made by Truman, without congsessional approval, to commit United States forces to combat in Korea, to MacArthur’s persistent fight for approval of his dangerous plan to assault Inchon, to the judgment to finally open truce negotiations, these turning points illuminate the American way of command in wartime. James analyzes the ground-level results and long-term implications of each choice, and sensitively explores the course that might had followed if other options had been taken. Probing the nature and consequences of these military resolutions, James shows how the conduct of the Korean War, like every new war, bears the imprint of the preceding one.