Whether generative AI — including large language models like ChatGPT-4 — will be good for workers depends significantly on whether it leads to more innovation in products or processes.
The United States cannot ignore its own dependence on small Asian economies like South Korea and Taiwan for advanced technologies.
South Korea’s recent history shows how a vibrant economy can lead to the emergence of a large middle class — and, with it, demands for democratization.
Developing economies face challenges on gaining ground, but some, like Malaysia and Chile, show there is still a way.
Despite big aspirations, China has struggled to catch up with the U.S. in the economically and strategically vital semiconductor industry, and will continue to face significant barriers to progress.
If President-elect Yoon Seok-youl takes the wrong approach to key issues, the country may be unable to avoid a Japanese-style “lost decades.”
China’s weak rule of law carries serious risks, including official corruption, which tends to increase inequality and thus could undermine efforts to avoid the middle-income trap.
Nowadays, South Korean capitalism seems more noxious — perhaps because it has been converging with the liberal Anglo-Saxon model, with its weak investment, slow growth and high inequality.
China’s changing role in the global economy is forcing companies to reconsider it as a manufacturing hub.
