The global trade environment in the Biden era and response strategies for Korea

Yeongkwan Song

No 104, KDI Focus from Korea Development Institute (KDI)

Abstract: Many expect that the trade war between the US and China will persist, and East Asia's global value chains will undergo a significant transformation in the mid- to long-term, as China's contracts while that of ASEAN expands. Accordingly, to effectively respond to the coming changes, Korea should adopt proactive strategies to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and attract quality FDI in an effort to realize sustainable growth.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:kdifoc:104

DOI: 10.22740/kdi.focus.e.2021.104

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