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The global trade environment in the Biden era and response strategies for Korea

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  • Song, Yeongkwan

Abstract

Many expect that the trade war between the US and China will persist, and East Asia's global value chains will undergo a significant transformation in the mid- to long-term, as China's contracts while that of ASEAN expands. Accordingly, to effectively respond to the coming changes, Korea should adopt proactive strategies to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and attract quality FDI in an effort to realize sustainable growth.

Suggested Citation

  • Song, Yeongkwan, 2021. "The global trade environment in the Biden era and response strategies for Korea," KDI Focus 104, Korea Development Institute (KDI).
    • Handle: RePEc:zbw:kdifoc:104
    DOI: 10.22740/kdi.focus.e.2021.104
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    References listed on IDEAS

    as
    1. Cristina Constantinescu & Aaditya Mattoo & Michele Ruta, 2020. "The Global Trade Slowdown: Cyclical or Structural?," The World Bank Economic Review, World Bank, vol. 34(1), pages 121-142.
    2. Jeffrey J. Schott & Cathleen Cimino, 2014. "Should Korea Join the Trans-Pacific Partnership?," Policy Briefs PB14-22, Peterson Institute for International Economics.
    3. Jeffrey J. Schott, 2015. "Korea and the TPP: The Inevitable Partnership," Policy Briefs PB15-13, Peterson Institute for International Economics.
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