If President-elect Yoon Seok-youl takes the wrong approach to key issues, the country may be unable to avoid a Japanese-style “lost decades.”
For Keun Lee's latest contributions to The Japan Times, see below:
China’s weak rule of law carries serious risks, including official corruption, which tends to increase inequality and thus could undermine efforts to avoid the middle-income trap.
Nowadays, South Korean capitalism seems more noxious — perhaps because it has been converging with the liberal Anglo-Saxon model, with its weak investment, slow growth and high inequality.
China’s changing role in the global economy is forcing companies to reconsider it as a manufacturing hub.