The Global Trade Environment in the Biden Era and Response Strategies for Korea

KDI FOCUS No. 104(eng)

11 Pages Posted: 24 Feb 2021

See all articles by Yeongkwan Song

Yeongkwan Song

Korea Development Institute (KDI)

Date Written: January 19, 2021

Abstract

Many expect that the trade war between the US and China will persist, and East Asia’s global value chains will undergo a significant transformation in the mid- to long-term, as China’s contracts while that of ASEAN expands. Accordingly, to effec-tively respond to the coming changes, Korea should adopt proactive strategies to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and attract quality FDI in an effort to realize sustainable growth.

Suggested Citation

Song, Yeongkwan, The Global Trade Environment in the Biden Era and Response Strategies for Korea (January 19, 2021). KDI FOCUS No. 104(eng), Available at SSRN: https://ssrn.com/abstract=3790294

Yeongkwan Song (Contact Author)

Korea Development Institute (KDI) ( email )

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

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