South Korea and the US-China Rivalry
Despite creating new opportunities for some firms and sectors, the US-China rivalry – and the protectionist policies it has brought about – will prove bad for the world economy. The costs will be borne disproportionately by third parties, with South Korea as a case in point.
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SEOUL – As 2023 comes to a close, relations between the United States and China are as fraught as ever. But what do tensions between the world’s leading superpowers mean for smaller actors?