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South Korea's Economic and Geopolitical Challenges

Author

Listed:
  • Barry Eichengreen

    (University of California, Berekley)

Abstract

This article is part of a special series of contributions to Industrial Economic Review in celebration of KIET's 50th anniversary. This article was written by Barry Eichengreen, George C. Pardee and Helen N. Pardee Chair and Distinguished Professor of Economics and Political Science. Professor Eichengreen has written many influential books and papers on monetary policy and macroeconomics. South Korea faces multiple economic and geopolitical challenges: threats to globalization, fissures between the United States and China, global financial volatility, demographic headwinds, and disruptive changes in technology. The country’s model of export-led growth based on manufacturing investment will have to change to meet these challenges. No single reform offers a magic bullet to solve these problems. Rather, reform will have to proceed on multiple fronts, something that is a challenge for any country but especially for one as politically divided as Korea.

Suggested Citation

  • Barry Eichengreen, 2026. "South Korea's Economic and Geopolitical Challenges," Industrial Economic Review 022844, Korea Institute for Industrial Economics and Trade.
    • Handle: RePEc:ris:kieter:022844
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    JEL classification:

    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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