Assessing the Development–Foreign Policy Nexus of the Asian Rising Powers: South Korea, China, Japan and Indonesia

Global Policy ◽  
2021 ◽  
Author(s):  
Emel Parlar Dal ◽  
Samiratou Dipama ◽  
Şaban Çaytaş ◽  
Ayda Sezgin
2009 ◽  
Vol 9 (1) ◽  
pp. 1-28 ◽  
Author(s):  
David C. Kang

Why has South Korea accommodated China, instead of fearing its growth and balancing against it? This article makes two central arguments. First, concepts of balancing and bandwagoning are fundamentally difficult to test, and to the extent that the theory can be tested, it appears to be wrong in the case of South Korea. In fact, we observe many cases in which rising powers are neither balanced nor “bandwagoned” but are simply accommodated with no fundamental change either way in military stance or alignment posture. Second, the factors that explain South Korean foreign policy orientation toward China are as much about interests as they are about material power. South Korea sees substantially more economic opportunity than military threat associated with China's rise; but even more importantly, South Korea evaluates China's goals as not directly threatening.


Significance Neither is from their party’s mainstream, and has never been elected as a lawmaker. The conservative, Yoon Seok-youl, is a former prosecutor general. The liberal, Lee Jae-myung, was a provincial governor until late October. Whoever wins will succeed Moon Jae-in on May 9 for a single five-year term, until 2027. Impacts Even if Yoon wins, the liberals will control the legislature until at least April 2024 and will do their best to block his initiatives. The election will be fought mainly on domestic issues; if foreign policy becomes salient, this will benefit the pro-US, Japan-friendly Yoon. Lee's universal basic income proposal would make South Korea the first major economy to adopt such a policy.


1985 ◽  
Vol 61 (2) ◽  
pp. 338-339
Author(s):  
C. S. Burchill

Significance The recent fall in the price of oil was expected to provide a timely boost to the South Korean economy, but its performance in the first quarter of 2015, though rebounding from the previous quarter, has been below expectations. Beset by slowing exports and weak domestic demand, the mood in both the business and household sectors is downbeat. Impacts Absent a sustained growth rebound (or some kind of foreign policy breakthrough), Park's presidency will be seen as a failure. Deflation could threaten South Korea if there is no adjustment to monetary policy. An FTA with China will boost South Korean exports only in the longer term. The sharp depreciation of the euro will make Europe a challenging market for South Korea for now.


2015 ◽  
Vol 12 (5) ◽  
pp. 728-743 ◽  
Author(s):  
Johannes Plagemann ◽  
Sandra Destradi

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