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Headwinds for electric vehicles and the battery industry[Christophe Andre-HIC]

Electric vehicles (EVs) are essential to contain global warming. Although the production of an EV generally generates more CO₂ emissions than that of an equivalent internal combustion engine (ICE) vehicle, its lifecycle footprint is usually much smaller, due to considerably lower emissions related to its operation. The CO₂ emission gains generated by moving from ICE vehicles to EVs depend on various factors, including the vehicle’s size, utilisation intensity and lifespan, as well as the way the
2025.01.08 11:07
Korea Should Foster National Security by Strengthening Regional Cooperation [Jeffrey D. Sachs - HIC]

The year 2024 brought dangerous instability to Korea and to world. Korea came close to political disaster when a deeply unpopular president invoked emergency rule against the Korean constitution and the people’s will. The Korean people inspired the world in their determination to protect their hard-won democracy. Yet such political and social turmoil was widespread around the world. Wars, climate disasters, an elderly and debilitated US president, rising US-China tensions, and pervasive politica
2025.01.02 11:25
Understanding Trump Trade War 2.0[Shang-Jin Wei-HIC]

U.S. President-elect Donald J. Trump has been unequivocal about his plan to launch Trade War 2.0 against the world. He has already announced that, on Day 1 of his new administration, he will impose 25% tariffs on imports from Mexico and Canada (even though they were supposed to be close to zero under the USMCA trade agreement signed under the first Trump Administration) and additional 10% tariffs on imports from China(on top of about 21% already in place). Note that these are unlikely the only n
2024.12.27 13:25
India and South Korea: Future of Economic Cooperation [Narendra Jadhav - HIC]

Having discussed India and South Korea economic cooperation in the past and at the present time (vide my column published on December 2, 2024), this article is focussed on the possible future of economic cooperation between these two great nations. Needless to say, that future of India-South Korea economic cooperation would be shaped by the matrix of their strengths and weaknesses as well as complementarities in their respective production and consumption. These, in turn, would invariably be ref
2024.12.24 11:30
TRUMP’S HIGH-TECH PRESIDENCY [Arthur Herman-HIC]

Silicon Valley can’t wait for Donald Trump’s inauguration. The high-tech bias of Trump’s second term in the White House became apparent when his former opponent for the Republican nomination, biotech billionaire Vivek Ramaswami, turned into one of his closest supporters, and tech-smart venture capitalist JD Vance became his vice-presidential pick. Then along came Elon Musk, followed by another former Pay Pal founder, David Sacks (a third Pay Pal alumnus, Palantir co-founder Peter Thiel, has been
2024.12.23 11:43
How to evaluate the upside and defensibility of marketplace businesses[A. Hagiu-HIC]

Marketplaces dominate the modern business landscape by leveraging powerful network effects-think Airbnb, Alibaba, Amazon, Coupang, Mercado Libre, Naver Shopping, Pinduoduo, YouTube, etc. As the number of users on one side of the marketplace grows-buyers, for example-the appeal to the other side-sellers-expands exponentially. This reinforcing cycle makes marketplaces attractive to entrepreneurs and investors alike: everyone wants to build or invest in the next Airbnb, Uber or Twitch. However, bui
2024.12.18 11:07
The Dispensable Nation? [Robert Dohner - HIC]

“We are America; we are the indispensable nation.” (Madeline Albright, 1998) In the end, despite all the polls and commentary, it was not even close. By a decisive, though not overwhelming vote, Donald Trump won a second presidential term in the U.S. election on November 5. There has been voluminous commentary in the weeks since, laying out all possible reasons for the defeat of Kamala Harris and the Democrats. But the most likely explanation is that reaction to the sharp increase in prices afte
2024.12.16 11:35
Greenhouse Gas Reduction as a Key to National Competitiveness in the Era of Digitization[Sayuri Shirai-HIC]

Amid global average temperatures reaching record highs and remaining at unprecedented levels, the 29th Conference of the Parties (COP 29) was held this November in Baku, Azerbaijan. The conference featured extensive discussions on measures to curb the progression of global warming and strategies to adapt to its unexpectedly rapid warming pace. Tensions are mounting between developed nations, which industrialized early by consuming fossil fuels and have now become high-income countries, and devel
2024.12.12 11:45
Trump’s approach to China, as well as China’s response will be crucial for South Korea [Alicia Garcia-Herrero - HIC]

In China, Donald Trump’s victory in the United States presidential election has been met with official indifference but with deep concerns, in reality, given Trump’s well-known unpredictability. In reality, a second Trump administration does not have to be worse for China than the Biden administration. It will depend on whether Trump finally opts for a “rapprochement” with China or continues to push for separation from China. When Biden came to power, Chinese leaders were hoping that China-US re
2024.12.09 11:10
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