From Poverty to Prosperity: What is Next for the Korean Economy?

Smithfield, RI

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Event Details

Date: Thursday, Oct 25

Time: 5:00 pm - 6:30 pm

Location: Stepan Grand Hall, George E. Bello Center, Bryant University

Title: From Poverty to Prosperity: What is Next for the Korean Economy?

The growth of the Korean economy is often hailed as a miracle, rebounding from the rubbles of the Korean War in the 1950s to its ascension as the 15th largest economy in 2011 in GDP terms. This astounding performance serves not only as an inspiration, but also as a benchmark for a number of developing countries who are eager to emulate Korea’s economic achievement.

 Korea’s economic success is heavily dependent on international trade and it comes as no surprise that it is encountering fierce competition from everywhere. From market protection measures of industrialized countries to price/cost competition of newly emerging economies, the Korean economy is at a crossroad trying to meet these challenges.

 In this symposium, three renowned speakers will provide their insights into the following critical issues regarding the Korean Economy: 1) past Korea’s economic performance and its projection for the next decade; 2) role of global emerging market economies for Korea, and 3) implication of the U.S.-Korea Free Trade Agreement that went into effect in March this year.