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Opinion

Guest Column

Tue, November 30, 2021 | 08:54

What killed macroeconomics?

The problem with quantitative easing (QE), quipped then-U.S. Federal Reserve Chair Ben Bernanke in 2014 about the Fed's bond-buying program, “is it works in practice but it doesn't work in theory.” One could say the same about macroeconomic policy in general, in the sense that there is no robust theory behind it. Governments routinely “stimulate” the economy to “fight” unempl...

2021-11-28 16:30

Glasgow talks: results and challenges

The 26th session of the Conference of Parties (COP26), the annual United Nations Climate Change (UNFCCC) talks, took place from Oct. 31 to Nov. 13, 2021, in Glasgow, Scotland.

2021-11-25 16:45

Legacy of world peace Choue left

“Oughtopia” was the name which Dr. Choue Young-seek, founder of Kyung Hee University whose birth centenary fell Nov. 22, coined for the idea of a “desirable and possible future political community for humankind,” a community with its roots as much in the minds of humans as in the “firm cornerstone offered by the United Nations to usher in a Pax U.N.”

2021-11-25 16:40

Middle East tries cooperation alongside competition

Just in case there were any doubts, Turkish Foreign Minister Mevlut Cavusoglu demonstrated with his visit to Lebanon last week that improved relations between Middle Eastern rivals would not bury hatchets.

2021-11-25 16:35

Lee Hang-woo, quiet Quaker and active peacemaker

In 1985, I began to attend the Quaker Meeting in Seoul, South Korea, where I met Lee Hang-woo. One Sunday afternoon, after a meeting for worship, Lee gave a talk about his visit to North Korea. As my father was a North Korean refugee, I listened to Lee's fascinating talk with great interest.

2021-11-25 16:30

Debating nuclear disarmament at UN First Committee

Nuclear disarmament is always a hot topic at the U.N. General Assembly First Committee, which wrapped up its annual four week discussion on disarmament and international security issues on Nov. 3. This year's debate was no exception.

2021-11-24 16:32

Tradition to be thankful for

I love pumpkin pie - but not just any pumpkin pie.

2021-11-24 16:21

First step to becoming your own boss

I've been a journalist for most of my career, but these past few years, I've taken on a new title - awkward at first, but now my other identity - as business owner.

2021-11-23 17:00

Should US support ROK's nuclear armament?

As nuclear talks with the Democratic People's Republic of Korea (DPRK) continue to face diplomatic gridlock, public sentiment in the Republic of Korea (ROK) has shifted in favor of either a redeployment of U.S. tactical nuclear weapons or the ROK's independent nuclear armament. Several stalwart politicians from the opposition People Power Party have also expressed at least co...

2021-11-22 16:58

How Afghanistan was really lost

Assume you knew nothing about a particular low-income country except the following facts. Its annual income per capita in 2020 was just $509, the seventh lowest in the world. In the decade to 2019, annual aid inflows had halved, to just $114 per capita, or 31 cents per person per day.

2021-11-21 15:52

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