Having started as a security-oriented cooperation mechanism in the late 1960s struggling with considerable economic, political, and cultural heterogeneity, ASEAN has come a long way to establish itself as an example of an enduring and resilient regional community unparalleled in the developing world. In later decades, market-driven economic integration has taken over ASEAN integration, accelerated ...

If we define corruption as the abuse of entrusted power for private gain, corruption has been around us for as long as human society has existed. The fight against corruption has been declared a high priority in many governments and international organizations, such as the UN and the OECD. Nevertheless, corruption is continuously spreading and evolving, thus making it much more complex to detect and ...

The 2030 Agenda for Sustainable Development defines international trade as "an engine for inclusive economic growth and poverty reduction" that contributes to the promotion of sustainable development. By adopting Agenda 2030, the international community is committing to the continuous promotion of trade liberalization over the next 15 years. International trade will play its role as an effective ...

The Bank of Korea (BoK) has reacted in a somewhat different manner from other emerging central banks. The BoK’s policy rate has frozen in the range of 1.50 percent during the past seven months since November 2017. The rate gap between the Fed and the BoK expanded to 0.50 percent points after the June FOMC meeting. The global financial markets expect two more rate hikes by the Fed this year. There ...

The progress we are seeing in the denuclearization talks is leading to hopeful anticipation among North Korea's neighbors for prospective economic investments within the country. A successful conclusion to the denuclearization talks is likely to be followed by North Korea's economic transition to a market economy. North Korea has many advantages to attract foreign direct investment (FDI), such as ...

With the successful holding of the inter-Korean summit and North Korea–US summit in the first half of 2018, discussions on the complete denuclearization of North Korea and subsequent economic compensation to North Korea are actively underway. Considering the enormous cost of developing North Korea and the various risk factors associated with financing this development, it is now necessary to seek ...

For a long time, freer trade was respected as the best policy among the majority of economists. Globalization leads to substantial losses for certain people, but the overall gains outweigh this loss and thus opening trade was perceived as a good policy for the domestic economy as a whole. However, the increase in inequality due to international trade and insufficient redistribution for losers has ...

Among the high-level guests of the PyeongChang 2018 Olympic and Paralympic Winter Games were the heads of states of the three Baltic countries: Presidents Kersti Kaljulaid of Estonia, Raimonds Vējonis of Latvia and Dalia Grybauskaitė of Lithuania. Each of the three held a meeting with their South Korean counterpart, President Jae-in Moon, to discuss strengthening their country's relationship with ...

In 2016 around USD 142 billion, the highest amount of ODA in history, went into developing countries to support their education, health, and governance, and ultimately to enhance the economic growth of developing countries. Korea's development assistance achieved a new peak of USD 2 billion in 2016, a 3.4% increase in real terms from 2015. Thus the amount of development assistance provided to ...

The Brexit negotiators agreed to have a transition period starting from the beginning of the UK's withdrawal from the Union to the end of 2020. During this period the UK will mostly remain in the current EU system as if it were a member, with the exception of the Union's decision-making process. It was clear from the outset of the negotiations that the time left until the UK's departure from the ...