Articles by 김케빈도현
김케빈도현
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[J. Bradford DeLong] Rescue for stranded economies
For countries where nominal interest rates are at or near zero, fiscal stimulus should be a no-brainer. As long as the interest rate at which a government borrows is less than the sum of inflation, labor-force growth, and labor-productivity growth, the amortization cost of extra liabilities will be negative. Meanwhile, the upside of extra spending could be significant. The Keynesian fiscal multiplier for large industrial economies or for coordinated expansions is believed to be roughly two -- me
Viewpoints May 1, 2016
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[Editorial] Talk of coalition
Talk of forming a coalition government has become a topic in politics since the April 13 general election, which relegated the ruling party to the second-largest party and which did not give any party a majority control of the parliament. The proposal for a coalition government comes mostly from members of the People’s Party, a splinter opposition group that emerged as the third-largest party by winning 38 parliamentary seats. The proposal is apparently aimed at increasing political clout of the
Editorial April 28, 2016
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[Editorial] Pain of restructuring
The founding families of Korea’s chaebol have both positive and negative public images. In hard times, the negative image tends to overwhelm the positive one. Chaebol families are often identified as the main culprit when their businesses go bad to the point of bankruptcy or government-aided bailouts. To make matters worse, they often try to avoid responsibility – both legal and moral – and are caught trying to protect their own personal wealth. So they become the target of public criticism, whi
Editorial April 28, 2016
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[Christopher Balding] Winning friends a costly business
For years now, China’s been lavishly courting friends across the developing world. Chinese leaders, in pointed contrast to their Western counterparts, traverse the globe with bursting wallets, doling out aid, cheap loans and infrastructure deals in an effort to procure both influence and raw materials. Commodity-dependent countries get cheap financing for development, despite their often dodgy credit ratings; China gains diplomatic clout and a bargain on those commodities. Both sides win — that
Viewpoints April 28, 2016
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[Iman Pambagyo] ‘Sin tax’ on palm oil and plain packaging on tobacco
Two of Indonesia’s top export products face unprecedented regulation in international export markets. In both cases, the measures are intended to curb consumption of consumer goods in order to address public health or environmental concerns. The commonalities don’t end there. In both cases, the measures violate international trade rules and are based on one-sided assumptions and unscientific predictions. One of these products is palm oil, which may face a discriminatory tax environment in Franc
Viewpoints April 28, 2016
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‘Facebook TV’ tunes in fresh challenges
Facebook has dramatically upped the technology ante with a feature enabling users to become live broadcasters, even receiving and responding to feedback in real time. Despite being a communications marvel, Facebook Live also poses all sorts of problems. The impact is sure to be significant, but to what extent the impact is negative remains to be seen. Mark Zuckerberg, the social network’s founder, knows he’s on to something big, and it’s probable that Facebook’s rivals will seek to emulate the f
Viewpoints April 28, 2016
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[Achara Deboonme] People power pushes our neighbors forward
Most foreign visitors stepping into Junction Square in Myanmar‘s biggest city Yangon are in for a shock. The medium-sized mall is packed with imported items and boasts an ice cream parlor as well as air conditioning and a gleaming tiled floor. It looks much like any big community mall in Bangkok. Compare that with a mall in Shenzhen, China. The one I visited about five years ago shocked me with goods placed haphazardly in a poorly ventilated dusty interior. Given that Myanmar only opened its doo
Viewpoints April 28, 2016
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[Margaret Carlson] How to be presidential, Trump-style
If in the early hours of a Saturday morning there’s a traffic jam in your neighborhood, it won’t be because it’s the opening day of the county fair. These days, it’s more likely to be Donald Trump. In Waterbury, Connecticut, this weekend, three days before the state primary, people began lining up at 4 a.m.; the doors opened at 7 for a rally scheduled for 10. The adults being led to the overflow room were as disappointed as the children finding out that that they’d been awoken early for politics
Viewpoints April 28, 2016
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[Kim Myong-sik] Park’s waning profile after election
If I had to give one piece of advice to President Park Geun-hye to help her out in the postelection confusion, I would ask the head of state to move her Blue House office down to the staff building and work there until the end of her tenure. She could use the grandiose main building for receptions with foreign guests and distinguished individuals such as Tuesday’s luncheon with more than 40 media representatives. Yet, the president should also be advised to reduce her “dialogue sessions” with la
Viewpoints April 27, 2016
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[Kim Ji-hyun] Don’t make a circus out of Kumamoto
This month’s earthquakes in Japan’s Kumamoto prefecture were literally shattering.Lives have been taken, homes torn up and livelihoods forfeited. Nature, seemingly at man’s mercy at times, has proven once again that ultimately, she calls the shots. I have not yet been able to visit the quake-stricken areas, but I felt the second quake, albeit just for a few seconds. Later, when I saw that the quakes and aftershocks had occurred all the way down in Kumamoto — which is more than a 1,000 kilometer
Viewpoints April 27, 2016
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[Editorial] Second chances
One hundred days remain before the 31st Summer Olympic Games kick off for a 17-day competition in Rio de Janeiro.A noteworthy event for local spectators is whether the country’s soccer team will advance to the semifinals, as they did four years ago in London, taking bronze. Fans are pinning their hopes on forward Son Heung-min, who plays in the English Premier League.Another is whether LPGA star Park In-bee or one of the other Korean female players will capture gold in golf, which has been desig
Editorial April 27, 2016
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[Editorial] Demographic crisis
According to the National Pension Research Institute, South Korea is projected to see the number of seniors aged 65 or older take up about 45 percent of the population by 2060. This means the proportion of the population who are of working age -- between 15 and 64 -- will decrease sharply over the next few decades.As the drop in the working-age share of the population is set to start next year, concerns are mounting over the low birthrate. The International Monetary Fund forecast last year that
Editorial April 27, 2016
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Keep junk food off kids’ TV (and the Internet)
The many campaigns that have been waged over the past decade to get American children to avoid unhealthy foods have not been fruitless. The national childhood obesity rate has stopped rising. Yet neither is it falling. What kids need is not just a better diet, but also a better media diet. The U.S. childhood obesity rate stands firm at 17 percent. And many overweight children and adolescents in the U.S. are growing even heavier. The number who are severely obese -- with a body mass index of 35 o
Viewpoints April 27, 2016
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[Gareth Evans] Playing by the rules in Asia for China
China’s adventurism in the South China Sea has prompted a change in Australian policymaking that merits wide international attention. In making maintenance of a “rules-based global order” a core strategic priority, Australia’s new Defense White Paper adopts language not often found at the heart of national defense charters. It is all the more surprising coming from a conservative government that is usually keen to follow the United States down any path it takes.Australia wanted a readily defensi
Viewpoints April 27, 2016
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[David Ignatius] Azeri-Armenian conflict in the Caucasus
The military commander of the breakaway Armenian republic of Karabakh predicted in an interview Monday that a fragile cease-fire could collapse within days. By that night, Azerbaijani shelling had killed two Armenian soldiers in a northern border town, amid accusations by each side that the other had violated the truce. The “frozen conflict” here, stalemated for 22 years, exploded on April 2, when Azeroi forces attacked across the 200-kilometer front line. The Azeri seized ground for the first t
Viewpoints April 27, 2016
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