Recent initiatives to hold back cross-border mergers and acquisitions for ‘strategic’ reasons have made headline news. We discuss whether the initiatives may mark the start of a new protectionist era. We argue that standard globalization indicators show no such signs. However, an increasing...

The rapid rise in global fragmentation - foreign investment, global supply chains, and 'production sharing' - is fundamentally reshaping the multilateral trading system. This paper uses a simple economic modeling framework to understand how the global fragmentation phenomenon may reshape the...

Republic of Korea is taking a leading role in mitigating climate change and the Paris Agreement will definitely boost its efforts as it enters into force sooner or later. This Agreement obliges its Parties to pursue domestic mitigation measures with the aim of achieving the objectives of their...