Academic Leadership: The Online Journal


Paul Jambor


Any economist will tell you that the past attitude of the South Korean government with regard to foreign trade was anything but non-protectionist with high tariffs imposed on imports while pushing to export a wide range of products to as many countries as possible. In effect, the Korean government was exercising a lopsided trading policy. Nonetheless, the attitudes of both leading parties in South Korea have drastically changed over the last couple of years, wowing to eliminate protectionism since they realized that it is counterproductive to their global ambitions.