Globalization and Korea: Opportunities, Backlash and Challenges

Globalization and Korea: Opportunities, Backlash and Challenges

- Speaker: Martin Wolf, Associate Editor & Chief Economic Commentator, Financial Times

- Date: November 6, 2001

"Asia is about two or three times as dependent on US demand as Europe. It is not surprising, therefore, that it is in great difficulty. In addition, East Asian countries have to cope with the rise of China as a competitor. That is less important for this country, but very, very important for the Southeast Asian economies. Ultimately, if China's rise continues, it will force a reorientation of all east Asian economies. China will become to Asia what the US is to the Americas: the dominant focal point...”