May 23, 2025

Analysis

After Impeachment

Economic stagnation and political crisis in South Korea

Ahead of a presidential election in June, Korea remains engulfed in political turmoil following the declaration of martial law and subsequent presidential impeachment back in December. A poster child of late twentieth century democratic transitions, hailed for its export-oriented growth…

June 6, 2024

Analysis

Kishida’s New Capitalism

Wage stagnation and the echoes of Abenomics

In September 2021, Japanese Prime Minister Kishida Fumio was elected on an ambitious platform: “New Form of Capitalism.” As leader of the Liberal Democratic Party, he promised to achieve a new and better economic system where economic growth and income…

January 17, 2024

Analysis

Miracle in Reverse

The trials of South Korea’s growth models

The South Korean economy has widely been recognized as the paragon of the East Asian miracle, with rapid economic growth and a fairly equal income distribution. The country continued its upward growth trajectory even in the aftermath of the 1997…