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South Korea is facing a triple challenge
Oped, Lee Jong-wha, Published on 30/05/2025
» Few countries have transformed themselves as dramatically as South Korea has over the last half-century. A poor, authoritarian country with annual per capita income of less than US$400 (13,000 baht) has become a vibrant and prosperous democracy, with direct presidential elections, peaceful transfers of power, and a per capita income of more than $33,000.
How to prevent economic Japanification
Asia focus, Lee Jong-wha, Published on 10/02/2020
» At the annual meeting of the American Economic Association last month, eminent economists warned that Western economies risked "Japanification": a future of sluggish growth, low inflation and perpetually low interest rates. Surprising as it may seem, this malaise also threatens East Asia.