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Keun Lee

Keun Lee

Writing for PS since 2021
21 commentaries

Keun Lee, a former vice chair of the National Economic Advisory Council for the President of South Korea, is Distinguished Professor of Economics at Seoul National University, a fellow at CIFAR, an editor at Research Policy, and the author, most recently, of Innovation-Development Detours for Latecomers: Managing Global-Local Interfaces in the De-Globalization Era (Cambridge University Press, 2024).

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  1. Has Escaping the Middle-Income Trap Become Easier?
    klee23_Per-Anders Pettersson Getty Images_worldbank Per-Anders Pettersson/Getty Images

    Has Escaping the Middle-Income Trap Become Easier?

    Dec 27, 2024 Keun Lee urges the World Bank to adopt a more reliable measure of economic development than nominal per capita GDP.

  2. The Chip War Turns Two
    klee22_VCGGettyImages__chinese_semiconductor_fab VCG/GettyImages

    The Chip War Turns Two

    Oct 31, 2024 Keun Lee assesses US efforts to achieve microchip self-sufficiency and impede China’s effort to do the same.

  3. India Needs More Big Businesses
    klee21_JUNG YEON-JEAFP via Getty Images_samsung Jung Yeon-Je/AFP via Getty Images

    India Needs More Big Businesses

    Aug 30, 2024 Keun Lee considers what it would take for the country to become an economic superpower on par with China.

  4. How South Korea Broke the Development Mold
    klee20_Bernd von Jutrczenkapicture alliance via Getty Images_southkoreatrade Bernd von Jutrczenka/picture alliance via Getty Images

    How South Korea Broke the Development Mold

    Jun 28, 2024 Keun Lee attributes the country's economic success to the government's willingness to stray from prescribed orthodoxy.

  5. What Fiscally Sound Industrial Policy Can Do
    klee19_Gerhard JorenLightRocket via Getty Images_hyundaimanufacturing Gerhard Joren/LightRocket via Getty Images

    What Fiscally Sound Industrial Policy Can Do

    May 2, 2024 Keun Lee highlights three tools that can support domestic-market growth and development without breaking the bank.

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  1. varoufakis123_China PhotosGetty Images_chinayuandollar China Photos/Getty Images

    China’s Trump Dilemma

    Yanis Varoufakis

    Will the China hawks in Donald Trump’s administration railroad him into a confrontation that transcends tariffs and embraces financial sanctions of the type the US and the European Union imposed on Russia? If they do, China's leaders will have to decide whether to decouple from the dollar-based international monetary system.

    thinks the real choice facing Chinese leaders may be whether to challenge the dollar's hegemony head-on.
  2. lamy10_Badru KatumbaGettyImages_jackfruit_farmer Badru Katumba/Getty Images

    The Key to Narrowing the Development Gap

    Pascal Lamy, et al. explain how investments in African agri-food systems can advance many of the Sustainable Development Goals.
  3. galbraith39_rudall30Getty Images_businessmanforest rudall30/Getty Images

    Economists’ Way Out of the Wilderness

    James K. Galbraith argues that the continued dominance of nineteenth-century thinking has resulted in a catalogue of failure.
  4. benami221_Justin SullivanGetty Images_trump Justin Sullivan/Getty Images

    Trump the Revolutionary Isolationist

    Shlomo Ben-Ami hears echoes of the Monroe Doctrine in the US president's threats to acquire Greenland.
  5. hubbard4_Chen MengtongChina News ServiceVCG via Getty Images_scottbessent Chen Mengtong/China News Service/VCG via Getty Images

    How the Trump Administration Can Hit Its Growth Target

    Glenn Hubbard urges policymakers to focus on the three pillars of increased productivity.
  6. oneill129_Saul LoebGettyImages_us_treasury Saul Loeb/Getty Images

    Trump’s First Test Will Be the Bond Market

    Jim O'Neill

    Financial markets and official economic indicators over the past few weeks give policymakers around the world plenty to contemplate. Was the recent spike in bond yields a sufficient warning to Donald Trump and his team, or will they still follow through with inflationary stimulus, tariff, and immigration policies?

    wonders if recent market signals will keep the new administration’s radicalism in check.
  7. ahzhang19_Jaap ArriensNurPhoto via Getty Images_tiktok Jaap Arriens/NurPhoto via Getty Images

    The TikTok Boomerang

    Angela Huyue Zhang thinks the US government's ban on the app has left it in an untenable position.
  8. delaney1_Jose JimenezGettyImages_bahamas_dorian Jose Jimenez/Getty Images

    Turning the Financial Tide for Small Island States

    Maya Delaney & Aminath Shauna tout the potential of green and blue bonds to protect critical ecosystems and build economic resilience.
  9. brown116_Timur MatahariGettyImages_indonesia_free_school_meals Timur Matahari/Getty Images

    School Meals Provide Food for Thought – and Fuel for Development

    Gordon Brown & Kevin Watkins tout universal nutrition programs in lower-income countries to mitigate a lost decade for poor children.

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