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How Well Does Korea's Employment Insurance System Support Workers Facing Trade Shocks?
World Economy Brief How Well Does Korea's Employment Insurance System Support Workers Facing Trade Shocks?

This study uses worker-level longitudinal panel data and trade data to conduct an analysis of the performance of Korea's employment insurance system in supporting trade-affected workers. We find that the rapid economic growth of China and Vietnam since the 2000s has subjected some Korean industries to heightened import competition.

Kyong Hyun Koo
A Review of Changes in the Global Value Chain of Latin America
World Economy Brief A Review of Changes in the Global Value Chain of Latin America

Based on the findings of the value chain analysis conducted on major Latin American countries, it suggests that these countries may have derived certain economic benefits. This can be attributed to the increased exports to the United States and China, where Latin American countries served as substitute countries for imports during the intensifying competition between the two nations.

Sungwoo Hong
Enhancing South Korea’s Services Trade Statistics: Policy Recommendations
World Economy Brief Enhancing South Korea’s Services Trade Statistics: Policy Recommendations

This study revisits the definition of trade in services, explores the translation of service statistics into the Korean Standard Industry Classification (KSIC), proposes a method to estimate Korea's services trade by mode of service supply under the WTO trade agreement, and seeks ways to collect data on digital trade in services. It classifies the objectives pertaining to the enhancement of Korea's service trade statistics into short-term, medium-term, and long-term agendas.

Jongduk Kim
Protection and Assistance for Forced Migrants: The Art of Socio-economic Integration
KIEP Opinion Protection and Assistance for Forced Migrants: The Art of Socio-economic Integration

Korea is known for its low acceptance rate for asylum seekers, as low as 1-2%. This is one of the lowest among G20 countries, only second to Japan. Unfortunately, the rate drops lower every year. Due to such statistics, Korea is often mistaken to be "Refugee-free."

Jeonghwan Yun
Population Dynamics in India: Navigating the Opportunities and Challenges of Demographic Transition
KIEP Opinion Population Dynamics in India: Navigating the Opportunities and Challenges of Demographic Transition

India's population has recently surpassed China's and is projected to reach 1.4 billion in 2023. India's significant demographic dividend is attributed to its youthful population, with over 40% of the population under 25, providing the potential to accelerate economic growth.

Yoon Jae Ro
Analysis of Trade Pattern Between the EAEU and South Korea
World Economy Brief Analysis of Trade Pattern Between the EAEU and South Korea

The Eurasian Economic Union (EAEU) is a relatively newly-formed regional integration bloc. It evolved on the basis of the Customs Union of Russia, Kazakhstan, and Belarus in 2015 with Armenia and Kyrgyzstan joining the agreement. The foreign economic aspirations of the EAEU as a single market, in the context of tense relations with Western partners, are turned towards Asian countries.

Zoia Podoba
A Country That Is Being Courted by the U.S., China, and Russia? India's Emergence as a Global Sweet Spot
KIEP Perspective A Country That Is Being Courted by the U.S., China, and Russia? India's Emergence as a Global Sweet Spot

Home to the current CEOs of Google, Microsoft, IBM and Adobe, and one of the largest producers of IT and Software engineers in the world. The country that is poised to become the world's most populous nation in 2023, with a working-age population that makes up more than 60% of its total population. The country that the U.S., China, and Russia are working hard to woo at a time when the world is fragmented yet again by the U.S.-China conflict and the Russia-Ukraine war. It is India.

KIM Heungchong

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