The Outlook for the U.S. Economy, the Dollar and U.S. Trade Policy

The Outlook for the U.S. Economy, the Dollar and U.S. Trade Policy

- Speaker: C. Fred Bergsten, Director, Institute for International Economics

- Date : October 14, 2002.

"Demographic projections predict the Japanese population to be cut in half over the next century. When Japan's population is cut in half, from 110 million to 60 million, Korea will already have 70 million people with unification. As incomes in the North at least begin to approach those in the South, as the country continues to grow rapidly as is assured after unification, and if Japan continues to stagnate, it is literally a matter of simple arithmetic that Korea, at some point in the next century, will become a larger economy than Japan...”