Articles by 김케빈도현
김케빈도현
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[Lee Jae-min] A Traumatized Nation
Many people say that Korea’s lowest point in recent history was in November 1997 when the country, reeling from the financial crisis, had to apply for special loans from the International Monetary Fund. November 2016 has now reached a new low. The 1997 financial crisis is something that can be explained in a logical way: policy misjudgment, capital flow mismatch, and slow reform in the financial market. In contrast, the recent scandal surrounding President Park Geun-hye and Choi Soon-sil has no
Viewpoints Nov. 1, 2016
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Comey did the right thing
In July, Republican James Comey was the toast of the Democratic Party. That was after he announced that “no reasonable prosecutor” would bring criminal charges against Hillary Clinton for allowing emails with classified information to be stored on a private server. Party leaders praised the FBI director’s independence.Now, many of Clinton’s supporters argue, as Republicans did over the summer, that Comey has terrible judgment and is playing politics.Overblown reactions are standard fare in polit
Viewpoints Nov. 1, 2016
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[Editorial] Cool head
The scandal surrounding Choi Soon-sil and President Park Geun-hye is battering the nation. Many Korean citizens, already in a state of shock, anger and despair, are fearful of what is to come. This is a crisis not only for Park, but for the entire nation.As more allegations continue to surface that the president let Choi exert undue influence over key state affairs, the public is becoming more restless. The recent petitions calling for Park to step down and street marches by angry college studen
Editorial Oct. 31, 2016
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[Bill Lueders] Now, more than ever, truth matters
A few weeks back, Time magazine ran a story titled “The Truth Is Out There in 2016. Way Out There.” It begins with a vignette about a Donald Trump backer in North Carolina who believes climate change is a hoax, drug cartels control the government and, because it has just popped up as a headline on his so-called smartphone, that Obama has announced plans to seek a third presidential term. The Trump backer, Allan Thiel, complains that “people aren’t being taught history anymore” and “they’ve dumbe
Viewpoints Oct. 31, 2016
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[Benny Teh Cheng Guan] How can Korea contribute to realize people-centered ASEAN?
Korea’s relations with the Association of Southeast Asian Nations have gone from strength to strength. Korea initiated sectoral dialogue relations in 1989 and is today a key strategic partner of ASEAN.Now the ASEAN Community is being realized and the 2015 Kuala Lumpur Declaration on a People-Oriented, People-Centered ASEAN has demonstrated the ASEAN leaders’ intention to transform the regional body into an institution that prioritizes its peoples’ concerns, what role can Korea play to support th
Viewpoints Oct. 31, 2016
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[Andrew Sheng] Why economics won’t help us today
As all of us watched the US presidential debates and await the outcome of the elections in early November with bated breath, I was struck by how much the world is moving on different planes. Trump and Hillary are trading insults with each other, giving democratic politics a bad name. In the meantime, Hong Kong Legislative Council members are literally swearing at each other over oath-taking, while Philippine President Duterte called President Obama a name not normally used in polite company. At
Viewpoints Oct. 31, 2016
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[David McClure] We can be great again if we stop looking for supreme leader
It’s not about one person and it never was. I don’t care who that person is or was, it has always been of the people, for the people and by the people. It is what our founding fathers had in mind when they penned the US Constitution. They knew then what we keep forgetting — that the greatness of this country was going to depend upon a village, not a chief. So they carefully crafted a living document that would keep any one man or woman from destroying what so very many men and women have given t
Viewpoints Oct. 31, 2016
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Migrant cluster is dispersed; problem remains
The Europeans — in particular, this time, the French and British — continue to labor mightily with the major problem that migrants from the wars of the Middle East and of poverty in Africa continue to pose for them. A million came in 2015. Some 6,000 of them clustered in Calais, a city in France on the English Channel, close to the United Kingdom. Their goal was not to settle in France, but to be as well positioned as possible to seek asylum in the UK. This they wanted for a variety of reasons.
Viewpoints Oct. 31, 2016
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[Satyajit Das] The world is out of weapons
No one likes to admit defeat. But global policymakers, who continue to insist that there’s more they can do to revive growth and inflation, are starting to sound like Monty Python’s Black Knight, the limbless and mortally wounded warrior who threatens to bleed on his victorious opponent. The truth is that governments and central banks have very few weapons left -- and have probably lost any chance they once had of averting a prolonged stagnation. Clearly, the real economy hasn’t responded as hop
Viewpoints Oct. 31, 2016
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[Editorial] Stop and reset
Bank of Korea Gov. Lee Ju-yeol convened an irregular meeting of senior officials at the central bank last Thursday to discuss pending economic issues.The Finance Ministry -- in coordination with the Ministry of Land, Infrastructure and Transport -- plans to unveil measures to stabilize the heated property market this Thursday with assistance from the BOK and the Financial Services Commission.President Park Geun-hye is seen as being too caught up with handling her own scandal, in which she allege
Editorial Oct. 30, 2016
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[Ana Palacio] The Brexit Paradox
The French mathematician Blaise Pascal famously said, “It is not certain that everything is uncertain.” Had he been around for Brexit, he might not be so sure. While a moderate outcome remains likely, uncertainty and animosity have been on the rise in recent weeks. This is the Brexit paradox: The longer it takes for pragmatism to re-enter the debate, the higher the chance that the chilling effect of the unknown will cause permanent damage to both the United Kingdom and the European Union.This wa
Viewpoints Oct. 30, 2016
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[Jonathan Kennedy & Domna Michailidou]Rethinking Humanitarian Aid in Civil Wars
In recent months, nongovernmental organizations and journalists have accused the United Nations of bias toward Syrian President Bashar al-Assad’s regime and failure to distribute humanitarian aid to rebel-controlled areas of Syria. To an extent, these criticisms are justified. The UN does work closely with the Syrian government, and humanitarian aid has not consistently reached areas outside of government control. But the detractors overlook an inherent contradiction in the UN’s responsibilities
Viewpoints Oct. 30, 2016
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[Jeffrey Frankel] The blind alley of monetary populism
In the United States and elsewhere nowadays, populist politicians often claim that easy monetary policy is hurting ordinary workers, thereby exacerbating income inequality. But while inequality is a problem, raising interest rates is no way to address it.To say otherwise is a strange claim for anyone to make, especially populists. After all, low interest rates benefit debtors and hurt creditors, as does the inflation that can be spurred by monetary easing. Throughout most of US history, for exam
Viewpoints Oct. 30, 2016
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[Christopher Balding] China gets desperate about debt
With its debts surging and growth sluggish, China has hit on a new strategy to revitalize its ailing economy. It’s the same as the old strategy. Only this time, it won’t work.Earlier this month, China’s State Council released guidelines for a new swap program, in which companies can exchange troubled debt with banks in return for equity. The government hopes this will give the firms a chance to restructure on favorable terms, and avoid the prospect of “zombie companies” propped up indefinitely b
Viewpoints Oct. 30, 2016
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[David Ignatius] A President-elect Clinton would face a foreign policy two-step
With most election forecasts pointing toward a victory for Hillary Clinton, her top advisers are beginning to think about how to stabilize a world that has been rocked by the US presidential campaign and by recent reversals for American power.The paradox for the Clinton team, if it wins, will be how to signal continuity with an Obama administration in which many were involved, but also a tightening of US policy so that America doesn’t appear on its “back foot” in dealing with Russia, China and o
Viewpoints Oct. 30, 2016
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