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PREFACE
PART 1. Change of Global Economy Global Economic Implications of the Russia-Ukraine War A New Solution for a New Cold War Korean Economy Searching for Its Way Forward Nationalization of China’s Real Estate Sector and Europe’s Role Implications of the Financial Blockade against China and the Onset of Monetary Easing PART 2. Change of International Politics US-China Competition for Greater Power Becomes Systemic Shifting U.S. Middle East Policy Netanyahu Ignites the Powder Keg Waiting to Blow The Potential Impact of Trump’s Return PART 3. Changes in Industries A New Sweeping Wave of Antitrust Aimed at Big Tech Europe’s Descent into Deindustrialization High Oil Prices and Weak Yen Cast Shadow Watching out for the Resurgence of Japan’s Electronics Industry (Part I) Watching out for the Resurgence of Japan’s Electronics Industry (Part II) COMPUTEX TAIPEI 2024 From a Geopolitical Perspective |
Myoung Soo KIM
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Now that the global economy is divided into ‘buyers’ and ‘sellers’ as a result of the 75 years of endeavor to maximize efficiency, what will the final outcome be, and on which side should Korea stand? The bargaining power of buyers and sellers in the commodity market may vary depending on time and conditions, but the winner is always the ‘buyer’ in the end. Buyers create international standards and norms, and sellers are to conform to those norms. Korea is a seller, but has no choice but to join the ranks of buyers.
As the head of a credit rating agency, I have been trying to provide financial market participants with insights into the intricate changes in the international economic environment since 2020. The four years of deliberations are compiled into a book. I hope this book will provide helpful guidance to readers who are at loss in the vast landscape of international politics, economy, and industry. |