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Too early to rebound

If a runner falls, he or she often may not be able to return to the previous speed. In economics, the phenomenon is referred to as hysteresis. The global economy may fall into hysteresis, or continuation in a recession or...

2021-01-10

It’s not over

Recently, I had a meeting with a professor from a university in Seoul. Because of the Covid-19 pandemic, he said he gave online lectures throughout this year. He said the experience was completely different between the first...

2020-12-29

A matter of greed, or lazy politics?

“If duty-free shops close two Sundays a month, will foreigners or those who take overseas trips visit traditional markets?” said an industry insider about Democratic Party (DP) lawmaker Lee Dong-ju’s proposal that contains the...

2020-09-17

Are doctors ‘public goods’?

“I observed that in all the discussions that preceded the enslavement of medicine, men [from the government] discussed everything — except the desires of the doctors. Men considered only the ‘welfare’ of the patients, with no...

2020-08-24

A member of G11? Think again.

U.S. President Donald Trump has recently floated the possibility of expanding the Group of 7 (G7) to a Group of 11 or 12 by inviting four or five more countries to this year’s meeting in Washington, instantly drawing...

2020-06-14

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