Beyond political rhetoric, the question is whether the current trend is indeed ominous of growing protectionism on the horizon.
Jong Woo Kang
Jong Woo is a seasoned economist with extensive knowledge and experience on policy and strategic issues. He leads the publication of Asian Economic Integration Report. Jong Woo’s areas of research interest include regional integration, inclusive growth, macroeconomic and trade policies, and aid effectiveness.
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Asian policy makers must take proactive steps to turn a nascent upturn into a sustained boom. Missing the opportunity will have enormous costs.
Emerging economies should take careful stock of their economic fundamentals, and intensify efforts to improve their current account and fiscal soundness.
200 years after David Ricardo, the philosophical ground of comparative advantage and gains from trade still remains strong.
An inversion of the US bond yield curve usually foreshadows an economic downcycle. But this time could be different.
One plausible reason for the shock result could be unequal distribution of benefits from globalization and free trade.
Only history will tell us if the North Korean industrial complex was a missed SEZ opportunity, or the time was not yet ripe.