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Keun Lee

Keun Lee

Writing for PS since 2021
9 commentaries

Keun Lee, a former vice chair of the National Economic Advisory Council for the President of South Korea, is Distinguished Professor of Economics at Seoul National University and the author of China‚Äôs Technological Leapfrogging and Economic Catch-up: A Schumpeterian Perspective (Oxford University Press, 2022).

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  1. Will the New Industrial Policy Work?
    klee11_MANAN VATSYAYANAAFP via Getty Images_vinfastvietnamelectricvehicle Manan Vatsyayana/AFP via Getty Images

    Will the New Industrial Policy Work?

    Feb 24, 2023 Keun Lee highlights common mistakes that governments must avoid when promoting critical sectors.

  2. A Korean Trajectory for China?
    klee10_HECTOR RETAMALAFP via Getty Images_china protest democracy HECTOR RETAMAL/AFP via Getty Images

    A Korean Trajectory for China?

    Dec 15, 2022 Keun Lee breathes new life into the hope that the emergence of a large middle class can spur democratization.

  3. How to Save Emerging Economies from Another Crisis
    klee9_Tomas CuestaGetty Images_inflation argentina Tomas Cuesta/Getty Images

    How to Save Emerging Economies from Another Crisis

    Oct 19, 2022 Keun Lee argues that, with the US exporting inflation, countries should embrace macroprudential measures.

  4. Sustaining Economic Growth in an Age of Deglobalization
    klee8_Giles ClarkeGetty Images_palm oil malaysia Giles Clarke/Getty Images

    Sustaining Economic Growth in an Age of Deglobalization

    Aug 17, 2022 Keun Lee sees the experiences of Malaysia and Chile as useful case studies for escaping the middle-income trap.

  5. How Realistic Are China’s Semiconductor Ambitions?
    klee7_Wang GangChina News Service via Getty Images_chinasemiconductor Wang Gang/China News Service via Getty Images

    How Realistic Are China’s Semiconductor Ambitions?

    Jun 27, 2022 Keun Lee considers what it would take for the country to leapfrog incumbents in an economically critical industry.

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  1. afrasmussen17_TOFIK BABAYEVAFP via Getty Images_armeniaazerbaijanconflict Tofik Babayev/AFP via Getty Images

    The Other Conflict on Europe’s Doorstep

    Anders Fogh Rasmussen warns that Azerbaijan may be preparing to renew its military aggression against neighboring Armenia.
  2. varoufakis101_Justin SullivanGetty Images_svb Justin Sullivan/Getty Images

    Let the Banks Burn

    Yanis Varoufakis

    The banking system we take for granted is unfixable. The good news is that we no longer need to rely on any private, rent-seeking, socially destabilizing network of banks, at least not the way we have so far.

    shows why the current private system is unfixable – and why we don’t need to tolerate it anymore.
  3. roach151_ TIMOTHY A. CLARYAFP via Getty Images)_svb collapse TIMOTHY A. CLARY/AFP via Getty Images)

    How China Benefits from Another US Banking Crisis

    Stephen S. Roach thinks America’s latest financial trouble will reinforce a narrative of terminal national decline.
  4. op_schell1_Andrea VerdelliGetty Images_xijinping Andrea Verdelli/Getty Images

    Xi Jinping’s Chinese Tragedy

    Orville Schell interviewed by Irena Grudzińska Gross

    Like Vladimir Putin, China's leader is so steeped in a narrative of victimhood and fearful of appearing weak that it is hard to imagine him ever leading China out of the mess he has created. He could well be remembered as the leader who squandered history's most remarkable economic success story.

    about the country's increasingly worrisome trajectory, both at home and abroad.
  5. zizek16_ Frank Rumpenhorstpicture alliance via Getty Images_chatbot Frank Rumpenhorst/picture alliance via Getty Images

    Artificial Idiocy

    Slavoj Žižek fears that the rise of powerful chatbots will spell the death of irony and nuance in human thought.
  6. kabubomariara1_Per-Anders Pettersson  Contributor Getty Images_research africa Per-Anders Pettersson / Contributor Getty Images

    Localizing Development Research

    Julia Kaufman & Jane Wanjiku Mariara explain why funders should be providing more long-term resources to researchers in developing countries.
  7. eeckhout1_Feature ChinaFuture Publishing via Getty Images_digitalrenminbi Feature China/Future Publishing via Getty Images

    The Simplest Fix for Banking

    Jan Eeckhout explains how central bank digital currencies would end bank runs and banks' excessive risk-taking.
  8. chellaney161_ARUN SANKARAFP via Getty Images_blinken lavrov ARUN SANKAR/AFP via Getty Images

    America’s Interest in Ending the Ukraine Crisis

    Brahma Chellaney explains why prolonging the conflict risks realizing the West’s worst geopolitical nightmare.
  9. krueger61_Tom WilliamsCQ-Roll Call, Inc via Getty Images_Intelsemicronductors Tom Williams/CQ-Roll Call, Inc via Getty Images

    America’s Industrial Policy Is Counterproductive

    Anne O. Krueger laments that the Biden administration is adding red tape to an inefficient subsidy program.

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