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Lee Jong-Wha

Lee Jong-Wha

Writing for PS since 2012
53 commentaries

Lee Jong-Wha, Professor of Economics at Korea University, was chief economist at the Asian Development Bank and a senior adviser for international economic affairs to former South Korean President Lee Myung-bak.

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  1. roubini166_Peter Zelei Images Getty Images_recession Peter Zelei Images/Getty Images

    From Great Moderation to Great Stagflation

    Nouriel Roubini

    For decades, relative global stability, sound economic-policy management, and the steady expansion of trade to and from emerging markets combined to keep costs down. But now all these conditions have been overturned, and the world is settling into a dangerous and destabilizing new regime.

    explains why the long era of low inflation, cheap imports, and consistent growth is now over.
  2. stiglitz308_Kent Nishimura  Los Angeles Times via Getty Images_chuckschumer Kent Nishimura/Los Angeles Times via Getty Images

    Why the Inflation Reduction Act Is a Big Deal

    Joseph E. Stiglitz

    If it passes, the US Inflation Reduction Act would be a landmark legislative achievement. With provisions to accelerate America's clean-energy transition, control health-care costs, and restore some sanity to the tax code, it will not only curtail inflation but also bolster America's long-term competitiveness.

    explains how the legislation would address several key longstanding problems facing America.

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