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South Korea’s Political and Economic Disconnect[Barry Eichengreen]

To say that South Korea faces troubled times may be the understatement of the year. The year is still young, so there’s still time for another understatement to top this one. But it’s hard not to be alarmed by how events are unfolding in the country. Above all, there is domestic political turmoil, with the impeachment of a president, resignation of an acting leader, and conviction of the head of the main opposition party on charges of violating the country’s election law. President Yoon Suk Yeol
2025.01.23 11:24
Trump’s Brave New Bitcoin World[Garrick Hileman]

Lede: The US government appears poised to establish some form of bitcoin reserve During a campaign speech in late-July last year, Donald Trump promised to create a “strategic national bitcoin stockpile”. This declaration, along with other proposed friendly policies like lighter-touch regulation, helped launch the price of bitcoin to over $100,000 for the first time. Now, even some dyed in the wool bitcoiners and generally pro-crypto policy figures are skeptical or even opposed to this campaign p
2025.01.21 11:42
Time to Ban Chatbot Companions and AI Profiles on Social Media [Frank Pasquale]

A Meta executive recently said that AIs should “have bios and profile pictures and be able to generate and share content” on sites like Instagram and Facebook. Like the company’s vision of a “Metaverse,” this futurism soon proved embarrassing. Users uncovered a strikingly tone-deaf profile for a photo-realistic AI named “Liv,” which was identified as a “black queer single mom.” Accusations of cultural appropriation soon followed. The company quickly removed “Liv” and other AI accounts, embarrass
2025.01.20 11:14
Six Reasons Why Globalization Can Survive Trump 2.0 [Steven A. Altman]

The re-election of President Donald Trump in the United States has reignited fears - and hopes in some quarters - about globalization ending and going into reverse. Indeed, uncertainty about future trade policies has soared to the highest level on record. Amid such extreme uncertainty, business and public policy leaders face high-stakes decisions about how much to rely on international ties for everything from critical resources to growth and innovation opportunities. While prudent decision-make
2025.01.15 11:34
AI Evaluations need Scientific Rigor [Rumman Chowdhury]

I was first asked what my p(doom) was on a podcast in 2022. For those unfamiliar with the phrase, p(doom) is a question asked of artificial intelligence (AI) experts to estimate their probability (p) of AI leading to catastrophic outcomes (or “doom”), such as human extinction or similarly severe and permanent disempowerment of humanity. At the time, I thought the concept was a joke (and I still do), but if we are to believe what we read in the media, AI will kill us all - possibly in ten years,
2025.01.13 11:18
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