Mounting Uncertainties in the Global Trade Order and Korea’s Policy Response

12 Pages Posted: 2 Apr 2020

See all articles by Yeongkwan Song

Yeongkwan Song

Korea Development Institute (KDI)

Date Written: January 30, 2020

Abstract

The US-China trade war is propagating uncertainties within the global trade order, weakening global value chains and the WTO system. These uncertainties pose a considerable threat to the Korean economy which is heavily dependent on foreign trade. To tackle this, the Korean government needs to positively consider joining the CPTPP and make efforts to improve the effectiveness and efficiency of policies for the materials and components industries as well as export support.

Suggested Citation

Song, Yeongkwan, Mounting Uncertainties in the Global Trade Order and Korea’s Policy Response (January 30, 2020). KDI FOCUS No. 98(eng), Available at SSRN: https://ssrn.com/abstract=3550975

Yeongkwan Song (Contact Author)

Korea Development Institute (KDI) ( email )

263 Namsejong-ro
Sejong-si 30149
Korea, Republic of (South Korea)

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