Economic Challenges for Korea: Mega-Trends and Scenario Analyses

This paper aims to examine some plausible external shocks that can significantly affect Korea’s economic future. It does so by analyzing game-changing scenarios that emanate from a candid assessment of the risks inherent in the global economy. It is based on the premise that it is extremely useful to plan for the less likely events, especially if those events are associated with significantly altered outcomes. These “Black Swan” occurrences are not as far-fetched as one may think, particularly for a country as vulnerable as South Korea.

Authors / Contributors:
Danny Leipziger, Carl J. Dahlman, and Shahid Yusuf

Publication Year:
2017

Purchase:
Korea Institute for International Economic Policy (KIEP)