Search

Begin New Search Content Type Working Paper

1521. Making Korea Grow Again: Rebalancing the Moon Jae-in Economic Agenda

Author:
Choong Yong Ahn
Publication Date:
05-2018
Content Type:
Working Paper
Institution:
Korea Economic Institute of America (KEI)
Abstract:
The Moon Jae-in administration in South Korea has taken a two-pronged approach to ensure urgently needed job creation and inclusive growth. Although measures towards each set of economic policies have been implemented since Moon took office in May 2017, what’s often referred to as “incomeled growth” has been prioritized over innovative growth. The income-led growth model is largely driven by domestic consumption through pro-labor distributional policies including a wage hike to raise the disposable income of low- and middleincome individuals, thereby triggering equity with growth. Focused more on the supply side, the innovative growth model encourages startups to create jobs and innovate. It is a great challenge for Korea to pursue growth and equity through both sets of policies. After a year in office, the Moon administration’s economic agenda, often referred to as J-nomics, has not fully produced the intended policy objectives in terms of job creation and growth. To mitigate a declining potential growth rate and pursue robust and inclusive growth, the twin policies need to be rebalanced, reprioritized, and interconnected in a mutually reinforcing manner to empower the private sector to play a bigger role. As a mid-sized open economy, Korea requires global market competitiveness on the supply side to create decent jobs by buoying entrepreneurship and innovation. Structural reforms in the labor market combined with deregulations necessary for the advent of disruptive 4th-industrial-revolution technologies must be expedited. Furthermore, a new business ecosystem in which win-win collaborations between globally-oriented conglomerates and small businesses must be encouraged to replace a zero-sum business culture.
Topic:
Economics, Science and Technology, Global Markets, and Economic growth
Political Geography:
Asia, South Korea, and Korea

1522. The Economic Importance of the KORUS FTA: A Case Study of the Korean Beef Market After Renegotiations

Author:
Jin Kyo Suh
Publication Date:
05-2018
Content Type:
Working Paper
Institution:
Korea Economic Institute of America (KEI)
Abstract:
Beef trade was a major sticking point between the United States and South Korea in ratifying the KORUS FTA. The outcome of the renegotiations that led to the March 2018 agreement in principle did not impact sections pertaining to beef in the agreement, though looking at how beef trade would have been affected should the talks have failed highlights the importance of the agreement to both countries, but particularly the United States. This paper estimates the demand for imported beef in South Korea by source and product by using the production version of the Rotterdam demand system and assesses what the potential impact of U.S. withdrawal from the KORUS FTA would have been on beef trade between the U.S. and South Korea. The results suggest U.S. withdrawal from the KORUS FTA would have resulted in a considerable increase in Australian beef exports to South Korea, largely at the expense of U.S. beef. This is because there is significant price competition between beef imports from the United States and Australia. Furthermore, Korean consumers substitute American beef for Australian beef when the relative price of U.S. beef rises.
Topic:
Economics, Treaties and Agreements, Exports, and Trade Policy
Political Geography:
Asia, South Korea, North America, Korea, and United States of America

1523. Science Diplomacy: An Underestimated Toolkit of South Korea’s Foreign Policy

Author:
Olga Krasnyak
Publication Date:
04-2018
Content Type:
Working Paper
Institution:
Korea Economic Institute of America (KEI)
Abstract:
Science diplomacy is becoming increasingly popular in foreign policy. Branching out of public diplomacy, science diplomacy is a sophisticated and knowledge-based toolkit to secure and promote foreign policy objectives. Unlike the U.S., the best example of how effective science diplomacy can be, South Korea does not recognize science diplomacy as a source of soft power. This paper looks at ways to incorporate science diplomacy into Seoul’s foreign policy agenda, the benefits from which will further its goals in advancing South Korea’s image as an attractive, cooperative, and influential country. Building South Korea’s reputation as among the core of scientifically developed countries will not only enhance commercial benefits, but also help address the current security dilemma, shape future geopolitical outcomes in a multi-polar world, and accelerate Korea’s participation in emerging scientific endeavors such as space exploration.
Topic:
Foreign Policy, Diplomacy, and Science and Technology
Political Geography:
Asia and South Korea

1524. A Way Out of the North Korean Labyrinth

Author:
Stephen Blank
Publication Date:
03-2018
Content Type:
Working Paper
Institution:
Korea Economic Institute of America (KEI)
Abstract:
The sudden announcement of a North Korea-U.S. summit in March 2018 upended all previous diplomacy concerning North Korea’s nuclear program. In return for a bilateral presidential summit, Pyongyang has agreed to suspend testing of its nuclear and missile programs and accepted the continuation of scheduled U.S.-South Korea exercises as planned. While this unexpected development reduces tensions and opens up a political path to a solution on the Korean Peninsula, it also imparts increased urgency for a well-conceived U.S. diplomatic strategy so that the summit and any ensuing negotiations lead to positive outcomes for Washington and Seoul and the other interested parties, thus ensuring its sustainability. In this context, the author advances an assessment of the current situation and a proposal for a U.S. program that could reduce military tensions in and around Korea, lead to the stabilization of a new and legitimate equilibrium in Northeast Asia, and advance shared American, South Korean, and Japanese objectives.
Topic:
International Relations, Security, Foreign Policy, Weapons, and Denuclearization
Political Geography:
Asia, South Korea, North Korea, North America, Korea, and United States of America

1525. Defense Nuclear Facilities Safety Board Organizational Assessment

Author:
Michael Dominguez
Publication Date:
11-2018
Content Type:
Working Paper
Institution:
The National Academy of Public Administration
Abstract:
Given the current strategic aim of the Department of Defense (DOD) to aggressively update the nation’s nuclear arsenal through DOE-operated defense nuclear facilities, and the aging infrastructure in the DOE’s nuclear complex, the Panel unequivocally concludes that the DNFSB’s safety oversight mission is as important today as it has ever been in its thirty-year history. The Panel, however, finds evidence confirming that the Board has recently underperformed in its essential mission.
Topic:
Defense Policy, Nuclear Weapons, Military Strategy, and Military Affairs
Political Geography:
United States and North America

1526. Russian Weapons in the Syrian Conflict

Author:
Douglas Barrie and Howard Gethin
Publication Date:
05-2018
Content Type:
Working Paper
Institution:
NATO Defense College
Abstract:
In September 2015, the Russian military, predominantly though not exclusively through the use of air power, intervened in Syria’s civil war. Moscow’s aim appears to have been to bolster the Bashar al-Assad regime with even a comparatively modest Russian force, to allow it to prevail against the disparate array for opposition forces reined against the Baath administration. As 2017 drew to a close this appeared to be paying off, with the Syrian regime in an increasingly strong position, and the Russian political and military leadership effectively proclaiming success and the end of substantive hostilities. Russia’s credibility as an ally has been enhanced in the region and beyond.
Topic:
Civil War, Imperialism, Military Strategy, and Weapons
Political Geography:
Russia, Europe, Middle East, and Syria

1527. Theatre operations, high commands and large-scale exercises in Soviet and Russian military practice: insights and implications

Author:
Diego A. Ruiz Palmer
Publication Date:
05-2018
Content Type:
Working Paper
Institution:
NATO Defense College
Abstract:
Russia’s Zapad 17 large-scale exercise, staged in September 2017 in cooperation with Belarus, as part of their combined operational grouping of forces, attracted unprecedented attention in the West. Widespread interest in Zapad 17 reflected a deepening concern even before its conduct that the exercise’s actual purpose and scale did not correspond to the troop size and objective announced by Russia, namely 12,700 Russian and Belarussian troops involved in fighting a postulated terrorist threat. Instead, by all accounts, Zapad 17 was much larger in scale than notified by Russia (60,000-70,000 troops versus 12,700) and oriented to fighting and defeating a capable adversary.1 Zapad 17 was only the latest Russian exercise to generate similar concerns.
Topic:
Imperialism, Terrorism, Military Strategy, and Conflict
Political Geography:
Russia, Europe, and Eastern Europe

1528. Modernized Deterrence and Revitalized Dialogue - Adapting the Harmel Report to post-2014 Europe

Author:
Tobias Aust
Publication Date:
05-2018
Content Type:
Working Paper
Institution:
NATO Defense College
Abstract:
Th e year 2014 marked an infl ection point in NATO‘s relations with Russia after the Cold War: Moscow moved from a potential “strategic partner to a strategic competitor.”2 With the illegal annexation of Crimea, the intervention in the Ukraine, and the continued intimidation of NATO member states, Russia violated central principles of the Euro-Atlantic security order, such as the inviolability of frontiers and the non-use of force.3 Th is in turn has led to calls in NATO for reinforced deterrence, especially from East Europe, while other NATO allies have argued for concurrent dialogue with Moscow.
Topic:
NATO, Diplomacy, Military Strategy, and Deterrence
Political Geography:
Russia, United States, Europe, and Eastern Europe

1529. Russia’s hybrid warfare in the form of its energy manoeuvers against Europe: how the EU and NATO can respond together?

Author:
Vira Ratsiborynksa
Publication Date:
06-2018
Content Type:
Working Paper
Institution:
NATO Defense College
Abstract:
NATO continues evolving and adapting to new security challenges and threats coming from the East and the South. At the NATO Summit in Warsaw in July 2016 the member states of the Alliance reaffi rmed their commitments on the core purposes of the Alliance: collective defense, crisis management and cooperative security. Th e Warsaw Summit marked a shift from reassurance to deterrence posture sending a signal that the Alliance is ready and is able to meet the challenge of hybrid threats. Th e changing security landscape in the Eastern fl ank reinforces NATO’s need to strengthen its core ‘hard power’ principles as well as update its ‘soft power’ infl uence on issues such as energy security.
Topic:
Security, Defense Policy, NATO, Energy Policy, and Regional Cooperation
Political Geography:
Europe, North Atlantic, and North America

1530. The internal nature of the Alliance’s cohesion

Author:
Thierry Tardy
Publication Date:
10-2018
Content Type:
Working Paper
Institution:
NATO Defense College
Abstract:
NATO Summits take stock of recent political and security developments, assess how they affect the Alliance’s posture and adaptation agenda, and decide on possible new directions. From the outside, a key feature of any Summit is also what it reveals about NATO’s political cohesion and relevance. The political cohesion of an international organization results from a general consensus among its key member states about its mandate, objectives and methods of operation. Relevance is about the extent to which an institution delivers on its mandate and therefore serves its purpose; relevance may be real or perceived, but is in any case essential to political cohesion. Cohesion and relevance can be undermined in at least three different ways. First, an institution’s cohesion and relevance are jeopardized whenever that institution proves unable to effectively deliver on the mandate it was established for. Second, cohesion and relevance are at stake when member states no longer agree on the objectives or methods of the institution, and as a consequence on the level of resources to allocate to it. Third, institutions’ cohesion and relevance may suffer from a lack of public buy-in for what they are and do. At all levels, the assessment results from a mix of rational analysis and a dose of manipulated subjectivity.
Topic:
Defense Policy, NATO, Regional Cooperation, and Military Strategy
Political Geography:
Europe, North Atlantic, North America, and Western Europe