KOREA ON POINT
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[Trade Disputes and Industrial Policy] Trade Disputes and Tit-for-tat Actions: Relocating International Relations
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- 2023.09.19
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Trade Disputes and Tit-for-tat Actions: Relocating
International Relations
Sojin Shin [Associate Professor of Political
Economy, Tokyo International University]
► How do the global trade wars
affect South Korea’s political and economic relationship with other countries? How
do trade disputes influence Seoul to relocate its foreign partnership?
► Trade disputes between sovereign
states have presented tensions and conflicts with tit-for-tat actions
► Seoul has tried to relocate not
only its trade partners but also its strategic allies to enhance its national
interests. It has attempted to diversify supply chains and trade partners to
mitigate the negative impacts of global trade wars on its domestic market. It
will need to monitor the global market further and continue reducing economic
dependence on particular countries.
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