President Trump’s faux populism may deliver some immediate short-term benefits to the economy, masking the devastating long-term effects from his overall policy strategy. The latter can be termed "welfare state sabotage" and is a wholesale assault on essential public sector institutions and...

Korea had one of the fastest growing economies in the world from the onset of industrialization in the early 1960s to the late 1990s. Korea’s economic development in those years had been based on industrialization that emphasized manufacturing rather than service industries. However, the...