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Keun Lee

Keun Lee

Writing for PS since 2021
19 commentaries

Keun Lee, a former vice chair of the National Economic Advisory Council for the President of South Korea, is Distinguished Professor of Economics at Seoul National University, a fellow at CIFAR, an editor at Research Policy, and the author, most recently, of Innovation-Development Detours for Latecomers: Managing Global-Local Interfaces in the De-Globalization Era (Cambridge University Press, 2024).

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  1. India Needs More Big Businesses
    klee21_JUNG YEON-JEAFP via Getty Images_samsung Jung Yeon-Je/AFP via Getty Images

    India Needs More Big Businesses

    Aug 30, 2024 Keun Lee considers what it would take for the country to become an economic superpower on par with China.

  2. How South Korea Broke the Development Mold
    klee20_Bernd von Jutrczenkapicture alliance via Getty Images_southkoreatrade Bernd von Jutrczenka/picture alliance via Getty Images

    How South Korea Broke the Development Mold

    Jun 28, 2024 Keun Lee attributes the country's economic success to the government's willingness to stray from prescribed orthodoxy.

  3. What Fiscally Sound Industrial Policy Can Do
    klee19_Gerhard JorenLightRocket via Getty Images_hyundaimanufacturing Gerhard Joren/LightRocket via Getty Images

    What Fiscally Sound Industrial Policy Can Do

    May 2, 2024 Keun Lee highlights three tools that can support domestic-market growth and development without breaking the bank.

  4. Making the Most of FDI
    klee18_Daniel BerehulakGetty Images_shenzhen Daniel Berehulak/Getty Images

    Making the Most of FDI

    Feb 22, 2024 Keun Lee considers what it takes to convert foreign investment into growth, development, and technological upgrading.

  5. South Korea and the US-China Rivalry
    klee17_Chris JungNurPhoto via Getty Images_south korea Chris JungNurPhoto via Getty Images

    South Korea and the US-China Rivalry

    Dec 22, 2023 Keun Lee shows that, while protectionist policies benefit some firms, the overall effect on third parties is negative.

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  1. almubarak2_Leisa TylerLightRocket via Getty Images_kwazulu natal Leisa Tyler/LightRocket via Getty Images
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    Financing Nature

    Razan Khalifa Al Mubarak & Bogolo Kenewendo propose ways to unlock more public and private capital for investments in preserving and restoring the planet.
  2. galbraith36_STRNurPhoto via Getty Images_krugman STR/NurPhoto via Getty Images
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    Inflation Shamanism

    James K. Galbraith

    Following the US Federal Reserve's decision to cut its policy rate by 50 basis points, mainstream economists are heaping praise on the central bank for supposedly reining in inflation while also maintaining growth and high employment levels. Yet the data clearly show that monetary policy has been mostly a non-factor.

     marvels at the Federal Reserve's ability to win praise for positive outcomes it did not cause.
  3. bildt127_ROMAN PILIPEYAFP via Getty Images_ukrainewar Roman Pilipey/AFP via Getty Images
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    Where Is the War in Ukraine Heading?

    Carl Bildt argues that while neither side can attain victory, peace remains plausible if certain conditions are met.
  4. rodrik212_Stephen MaturenGetty Images_biden Stephen Maturen/Getty Images
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    What Kind of Industrial Policy Works?

    After a decades-long love affair with laissez-faire policies, many governments – notably in developed countries – are increasingly seeking to shape their economies through tariffs, subsidies, public procurement, and more. But not all industrial policies are created equal, and understanding their nuances and limitations is critical to their success.

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    The Big Picture

    PS editors
  6. jyu3_ADEK BERRYAFP via Getty Images_cpc ADEK BERRY/AFP via Getty Images
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    How China Is Preparing for America’s Next President

    Yu Jie assesses Chinese efforts to prevent deteriorating bilateral relations from hindering economic growth.
  7. haldar7_Kent Nishimura Los Angeles Times via Getty Images_abortion rights Kent Nishimura / Los Angeles Times via Getty Images
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    Abortion and Reproductive Rights Are Economic Issues

    Laura Tyson

    Too often, the press and voters treat abortion, and reproductive rights more broadly, as well as other “family” issues – like child tax credits, paid family leave policies and affordable childcare – as somehow different from economic issues. But they are not.

     shows why abortion, childcare, and parental leave are not merely “family” issues.
  8. davila3_ David McNewGetty Images_maritime shipping David McNew/Getty Images
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    Put a Price on Shipping Emissions

    Shania Scotland calls on small island countries to back a proposed levy on maritime greenhouse-gas emissions.
  9. patten169_EVARISTO SAAFP via Getty Images_twitter EVARISTO SA/AFP via Getty Images
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    The New Threat to Free Speech

    Chris Patten highlights governments’ struggle to manage online extremism while upholding a fundamental right.

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