Welcome back.
It's time... for VIEW POINT... now... and... today...
we assess... the potential prospects... of the recently launched...
INDO-PACIFIC Economic Framework... for South Korea.
For more...
I have Professor Yang Hee-dong ... from Ewha Womans Univeristy.
Professor Yang... welcome back.
I also have Professor RENEE BOWEN... at the University of California...
San Diego...
LIVE on the LINE.
It's a pleasure... to have you... with us...
Professor BOWEN.
1) Professor Yang... let's start...
with a bit of information...
about this new regional trade framework.
((Boost trade...
strengthen supply chains... promote clean energy... & fight corruption))
2) Professor Bowen... does this U.S.-led initiative...
have...
DOMESTIC SUPPORT...
there... in the U.S.?
3) Professor Yang... how does this Indo-Pacific trade deal...
DIFFER FROM... the Regional Comprehensive Economic Partnership... and... the Comprehensive
and Progressive Agreement for Trans-Pacific Partnership?
4) Professor Bowen...
China has condemned...
the Indo-Pacific strategy... claiming that...
it is "doomed to fail".
What are your thoughts...
with regard... to this regional strategy?
5) Professor Yang... this regional framework does NOT... offer incentives...
to partners... by lowering tariffs... or by providing...
greater access... to U.S. markets.
That being said...
what does Korea...
look... to gain... through... this trade pact?
6) Moving forward...
Professor Bowen...
Mr Biden has highlighted...
the importance of fighting inflation... which... in the U.S.... is running...
at a 40-year high.
Do you believe...
the Federal Reserve's AGGRESSIVE monetary policy STANCE... will pave the path... to
a recession?
7) Staying with inflation...
Professor Yang...
Bank of Korea Governor RHEE Chang-yong ... will preside over... his first policy meeting...
Thursday.
What are your prospects?
8) Professor Bowen...
IF rate hikes are NOT... the answer... to tackling... inflation...
what may be some other tangible alternatives?
9) Professor Yang... in the joint statement...
following their summit...
Presidents Yoon and Biden agreed... on close consultations...
to ensure... stability...
within the foreign exchange market.
What are the IMPLICATIONS... of this agreement?
10)Professor Bowen... we
are
currently facing... a commodity crisis... a supply chain crisis...
COVID-19... and... war... in Ukraine.
That
being said.. is... the world...
headed...
towards... a recession?
All right