

The Republic of Korea: A rapidly changing demographic landscape [John Wilmoth- HIC]
The Republic of Korea has undergone a remarkable economic and social transformation, transitioning from an agrarian society to a global economic powerhouse in just two generations. This rapid development has gone hand in hand with significant demographic changes, which have shaped and will continue to shape the country‘s present and future economic, social and environmental outlook. The demographic transition in the Republic of Korea In the 1960s, the Republic of Korea was still in the e
2024.05.02 11:15AI and Trust [Bruce Schneier - HIC]
The European Parliament gave final approval on Wednesday, March 13, 2024 to wide-ranging EU rules to govern artificial intelligence, including powerful systems like OpenAI''s ChatGPT. Senior European Union officials say the rules, first proposed in 2021, will protect citizens from the possible risks of a technology developing at breakneck speed, while also fostering innovation on the continent. Lawmakers discussed the A.I. Act in June at the European Parliament. [AP]Trust is essentia
2024.04.30 11:35Latest financial supervisory reform diverts China from the path towards a market-based financial system [Nicolas Véron - HIC]
The Chinese Communist Party logo is seen on a skyscraper in Shanghai at dusk on Aug. 31. GREG BAKER/AFP VIA GETTY IMAGESIn May last year, China inaugurated a new system of financial sector supervision, which had been announced two months earlier during the twin plenary sessions of the National People‘s Congress and Chinese People’s Political Consultative Conference. One year on, it is time to take stock. Sadly, all indications suggest that the supervisory overhaul will make it more d
2024.04.26 11:14QUANTUM AND AI: THE HEDGEHOG AND THE FOX [Arthur Herman - HIC]
In 1953 the philosopher Isaiah Berlin wrote an influential essay called “The Hedgehog and the Fox,” which drew upon an ancient Greek proverb that “a fox knows many things, but a hedgehog knows one big thing.” Berlin used the image to divide thinkers and creators into two camps: hedgehogs who see the world through a single defining idea or vision; and foxes, who can see the world from multiple perspectives at once. In the end, neither beast is superior or better to the oth
2024.04.25 11:15The Need for Strategic Foresight in the 21st Century [Manuel Muñiz - HIC]
이 기사는 해외 석학 기고글 플랫폼 '헤럴드 인사이트 컬렉션'에 게재된 기사입니다. The world around us is changing exponentially. In demographic terms, it took the world millennia to reach a population of one billion. That milestone was reached in the early 19th century. Today, only two hundred years later, we are fast approaching the 8 billion mark. The data economy has followed a very similar path. There are close to five billion people connected to the internet today, a revolution that started in earnest only two or t
2024.04.22 15:45The Fracturing of the International Economic Order [Manuel Muñiz's AI revolution]
s these lines are being written we seem to be headed into a phase of international economic fragmentation. A decade ago, the number of restrictive measures to trade imposed by countries on one another numbered around two to three hundred a year. Most of these ended up in the dispute settlement mechanism of the World Trade Organization (WTO), which was still fully functional. However, 2022 closed with well over two thousand of these measures being imposed worldwide. Many of them were restrictions
2024.04.22 15:44Super-Election Year: A World at the Ballot Box [Ángel Alonso Arroba-HIC]
이 기사는 해외 석학 기고글 플랫폼 '헤럴드 인사이트 컬렉션'에 게재된 기사입니다. A few weeks ago, in its annual preview of the new year, The Economist highlighted how important 2024 will be for democracy worldwide. The British weekly newspaper was one of the first voices to call attention to the fact that in the next 12 months more than 70 countries will head to the polls. By some accounts, this may be the first time that more than half the world population (more than four billion people) will cast a vote within the sa
2024.04.22 15:39Dependence, Resiliency, Security…What we trade makes us stronger [Robert Dohner - HIC]
이 기사는 해외 석학 기고글 플랫폼 '헤럴드 인사이트 컬렉션'에 게재된 기사입니다. Ships carry out container loading and unloading operations at the Dapukou container Terminal at Zhoushan Port, Zhejiang province, China, April 9, 2024. [Getty Images]After seven decades of trade liberalization, trade agreements, and trade expansion, momentum for further liberalization had been exhausted by 2016. Growing dissatisfaction over the unequal spread of the benefits and costs of trade fueled the Brexit vote in June 2016, the oppos
2024.04.22 15:32史的な政策 換を行った日本銀行 : なぜ市場は動かなかったのか [Sayuri Shirai - HIC]
이 기사는 해외 석학 기고글 플랫폼 '헤럴드 인사이트 컬렉션'에 게재된 기사입니다. 日本銀行は、本年 3月18~19日に、大きな政策 更に踏み切った。この 更を一言で 明すると、 田東彦 裁時代に 施した大 な金融緩和の仕組みを撤 し、その前の白川方明 裁時代に採用していた 組みに近づけ、複 化した仕組みを簡素化させたのである。 しかし政策 更 容が事前に新聞で報道されたことや米 との金利差を大きく縮めるような 容ではなかったためむしろ ドルで円安が進み、長期金利にもほとんど影響しなかった。 短期金利は正常化を 現 主な 更点は、「長短金利操作(イ ルドカ ブコントロ ル)」を撤 したことだ。長短金利操作とは、短い金利を少しマイナスにし、10年の長期金利を0%程度で最大1%程度までの上昇に抑える 容である。 第一に、短期金利に しては、白川 裁時代の 組みを復活させた。これまでは、日銀 座預金のごく一部に して適用していたマイナス0.1%の金利を 止し、プラス0.1%に一元化した。同時に、政策金利を、日本銀行の 座預金に適用する金利から、インタ バンクマ
2024.04.22 15:26The Need for a Tech Diplomacy [Manuel Muñiz's AI Revolution]
Technology now shapes every aspect of human life. From how we communicate, to how we work, to how we make war. It is a pervasive feature of human experience. This is also true when it comes to understanding politics and social dynamics. In fact, it is now also the case that technology is shaping international politics. Technological innovation has implications for the distribution of power, for how the economy behaves and even for how we exercise our most fundamental rights. These are all matter
2024.04.22 15:18