This paper argues that the Republic of Korea (hereafter Korea) is not immune to global crises, but that a more than proportional response of gross domestic product to global crises does not seem to be the general case either. Along this line of reasoning, the Korea’s extreme response to...

Though it is neither desirable nor likely that an emergency will materialize in North Korea in the near future, it is necessary to be prepared for such an abrupt incidence. This paper examines necessary measures to take in the case of a North Korean collapse. The policy goal of a potential...

A series of tit-for-tat events — from North Korea’s missile launch on April 13, 2012 and its third nuclear weapons test on February 12, 2013 to the UN Security Council Resolutions 2087 and 2094 — has only escalated the North Korean nuclear crisis to its new height. It is highly...

The Thai Socio-Economic Survey suggests that new labor market entrants increasingly enter activities with high and positive productivity growth (modern sector), but continue to enter activities with low productivity growth (traditional sector). Workers appear to stick to their initial choice of...