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Keun Lee

Keun Lee

Writing for PS since 2021
7 commentaries

Keun Lee, 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’s Technological Leapfrogging and Economic Catch-up: A Schumpeterian Perspective (Oxford University Press, 2022).

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  1. 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.

  2. 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.

  3. 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.

  4. What Is South Korea’s President-Elect Facing?
    klee6_Chung Sung-JunGetty Images_yoonseokyoul Chung Sung-Jun/Getty Images

    What Is South Korea’s President-Elect Facing?

    Apr 19, 2022 Keun Lee assesses Yoon Seok-youl's plans for addressing challenges like high housing prices and falling GDP growth.

  5. China's Two Traps
    klee5_StringerGetty Images_Chinaeconomyrealestate Stringer/Getty Images

    China's Two Traps

    Feb 21, 2022 Keun Lee identifies the barriers the country must overcome during the next phase of its development.

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  1. sierakowski91_Omar MarquesGetty Images_ukrainian refugees Omar Marques/Getty Images
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    Resentment on the Western Front

    Sławomir Sierakowski thinks the Polish public needs a more open and honest conversation about refugees before resentment spirals.
  2. vives17_ Leon NealGetty Images_ftx Leon Neal/Getty Images
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    Crypto’s Well-Worn Path to Crisis

    Xavier Vives writes that, despite the novelty of the assets, the narrative of FTX’s collapse was established long ago.
  3. roubini171_Spencer PlattGetty Images_recession looming Spencer Platt/Getty Images
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    The Unavoidable Crash

    Nouriel Roubini anticipates a stagflationary debt crisis, owing to a dangerous combination of inflation and over-borrowing.
  4. nye236_SAUL LOEBAFP via Getty Images_biden xi SAUL LOEB/AFP via Getty Images
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    War Over Taiwan?

    Joseph S. Nye, Jr. considers whether a deterrence arrangement that has worked for 50 years is still sufficient.
  5. op_livingston1_Anna MoneymakerGetty Images_fed Anna Moneymaker/Getty Images
    2

    The Contested Fed

    James Livingston

    By all accounts, central banks – particularly the Fed, because the dollar is still the world’s dominant currency – already act as investment authorities. But their recent bailouts have exacerbated economic inequality, and have done little or nothing to address climate change.

     reviews three books that, each in its own way, reveal a central truth about the world’s leading central bank.
  6. pisaniferry140_Sean GallupGetty Images_cop27 Sean GallupGetty Images
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    The Economics of Mainstreaming Climate Action

    Jean Pisani-Ferry & Selma Mahfouz identify the risks and short-term costs associated with the energy transition over the next decade.
  7. haldar15_ Tayfun CoskunAnadolu Agency via Getty Images_twitter Tayfun Coskun/Anadolu Agency via Getty Images
    2

    Killing Twitter

    Antara Haldar explains what Elon Musk fundamentally misunderstands about the platform – and about free speech.
  8. emmott41_musk
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    The Napoleons of Big Tech

    Bill Emmott

    Recent events in the technology sector suggest that investors and lenders should be demanding a premium to cover the risk that a star entrepreneur will become an egomaniacal dictator. With each business cycle, it seems, old lessons must be relearned.

     sees in the industry’s harsh reckoning this year lessons that apparently can’t be learned often enough.
  9. BP - ftx NurPhoto / Contributor via Getty Images
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    The Crypto Emperor’s New Clothes

    The collapse of several crypto platforms this year – including the spectacular crash of the second-largest cryptocurrency exchange, FTX – has raised fundamental questions about the credibility of a digital innovation once hailed as the key to democratizing finance. Has crypto finally been exposed as a scam, or will a new, stronger crypto industry emerge from the current turmoil?

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