Main Industrial and Trade Issues of 2024: Analysis and Countermeasures

Dongsoo Kim (kim.dongsoo@kiet.re.kr), Soo-Dong Kim (sdkim@kiet.re.kr), Soyoung Lim (sylim@kiet.re.kr), Kye Hwan Kim (kevinkim@kiet.re.kr), Hyeok Ki Min (hmin@kiet.re.kr), Yoon Sung Shin (ysshin@kiet.re.kr), Eun Kyo Cho (ekcho@kiet.re.kr), Byungyul Park (bypark@kiet.re.kr), Jeonghwan Choi (choijeo86@kiet.re.kr), Hyun Ji Bing (anissabing@kiet.re.kr) and Ji Hyun Kang (jihhyun.kang@kiet.re.kr)
Additional contact information
Dongsoo Kim: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr
Soo-Dong Kim: Kora, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr
Soyoung Lim: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr
Kye Hwan Kim: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr
Hyeok Ki Min: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr
Yoon Sung Shin: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr
Eun Kyo Cho: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr
Byungyul Park: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr
Jeonghwan Choi: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr
Hyun Ji Bing: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr
Ji Hyun Kang: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr

No 24/3, i-KIET Issues and Analysis from Korea Institute for Industrial Economics and Trade

Abstract: Despite a projected global growth of 3% in 2024, uncertainties cloud the economic outlook due to ongoing conflicts, upcoming elections, and rising interest rates. Korea aims to navigate these challenges by boosting exports, attracting foreign investment, and building a more independent trade network through agreements with the US, EU, Africa, and Central America. The country seeks a proactive approach to counter trade issues and establish a mutually beneficial cooperation network.

Keywords: global trade; Russia-Ukraine war; Israel-Hamas conflict; India elections; US elections; Biden; Trump; EU elections; far right; protectionism; economic security; nationalism; Korea; exports; inflation (search for similar items in EconPapers)
JEL-codes: F00 F01 F02 F10 F13 F21 F42 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2024-03-20
New Economics Papers: this item is included in nep-cis, nep-int and nep-inv
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