The Trump Shock and Korea[Barry Eichengreen-HIC]

Donald Trump’s decisive victory in last month’s presidential election came as a shock tomany South Koreans. It certainly came as a shock to many Californians, who had voted overwhelmingly for Kamala Harris. Trump’s “America First” policies created serious challenges for Korean policy during the president-elect’s first term. Moreover, that was Trump restrained by moderate advisors and a divided Congress. This time we will have Trump without guard rails. Trump has no reelection prospects to worry

2024.12.06 11:12

Harris vs Trump on the Economy [Barry Eichengreen-HIC]

Kamala Harris and Donald Trump [Gettyimage]This November‘s U.S. presidential election will have profound implications for American social policy, foreign policy and, not least, economic policy. In the economic-policy sphere, the two candidates’ approaches show the expected differences but also some surprising similarities. The next president will inherit a large public debt and a budget deficit that the nonpartisan Congressional Budget Office projects will approach 6.5 percent of GDP

2024.09.06 11:14

Is India the Next China? [Barry Eichengreen-HIC]

In a world economy desperate for a growth engine, many observers suggest that India is the new China. Just as China‘s GDP grew at high-single-digit rates for several decades, India is now poised, they suggest, to grow at high-single-rates for an extended period. With ample, low-cost labor, India can serve as workshop for the world. Its emergence will support the maintenance of global supply chains, as evidenced by Apple’s decision to expand iPhone production in the country. India wil

2024.06.05 11:23

Is There Scope for a New Bretton Woods? [Barry Eichengreen - HIC]

이 기사는 해외 석학 기고글 플랫폼 '헤럴드 인사이트 컬렉션'에 게재된 기사입니다. This year marks the 80th anniversary of the Bretton Woods Conference that provided the institutional basis for the golden age of economic growth after World War II, including in South Korea. The period following the collapse of the Bretton Woods System of pegged but adjustable exchange rates in the 1970s then was punctuated by currency and financial crises, not least in South Korea itself. But the Bretton Woods institutions ― the Intern

2024.04.22 14:56