New “Korea Policy” Journal Includes Articles Presented at Joint APP-KEI Event

News | April 29, 2024

In October 2023, the Clements-Strauss Asia Policy Program co-hosted a panel event with the Korea Economic Institute of America on economic security in the Indo-Pacific. Articles presented at the conference are included in the latest issue of KEI’s journal, Korea Policy.

The Evolving Landscape of U.S. Economic Security: The Confluence of Trade, Technology, and National Security by Andrea Viski: This paper examines the current evolution of U.S. economic security discourse to demonstrate the implications, challenges and shortcomings of U.S. economic security tools and the catalyzing impact of technology. It discusses U.S. economic security policy as it relates to trade, technology, and the security of the supply chain; as well as the effectiveness of economic security.

Japanese Economic Security as “Derisking” by Kazuto Suzuki: This paper examines the concept of “derisking” and how the Japanese Economic Security Promotion Act (ESPA) has responded to it within the framework of deterrence theory. It argues that the most optimal derisking strategy at this point is the combination of ESPA and the “Coordination Platform” to strengthen the capabilities of deterrence by denial.

Is Economic Security National Security? Defining South Korea’s Economic Security for Future Industries by June Park: This paper explores South Korea’s framing of economic security and policy responses by analyzing legislation on future industries that is critical to the country’s economic growth and standing, as well as concerted efforts by the state bureaucracy and industry to shape the concept. It draws specifically upon semiconductors and other future industries that are central to South Korea’s economy.

China’s Perspective on Economic Security by Audrye Wong: This paper examines how Beijing’s view of economic security has evolved, including the notion of linkage between development and national security. It explores recent and proposed policy responses, such as increased legalization and institutionalization of economic security measures.

Read the full volume here.