
tectonic shifts in the global economy
Description
Book Introduction
President Donald Trump, who was elected the 47th President of the United States and ushered in the second term of the Trump administration, once again became the center of attention when he announced a global tariff policy in April 2025.
Until now, the world has been connected as a single market under the name of free trade, but with the tariff bomb launched by President Trump, borders have become barriers again, and sanctuaries have been justified.
The world has now transformed from a community of people growing together into a battleground for survival, where people compete to see who can survive longer.
In the process, some people reaped enormous economic benefits, while others had to bear the brunt of the pain.
Through the United States' reckless tariff policies and the Israel-Iran war, countries around the world are consistently pursuing policies of self-first, dreaming of deglobalization.
[The World Economic Crisis] seeks to explore the path we will take as the existing world order collapses and is reorganized.
It examines structural changes in the global economy, forecasts the future of financial markets, and delves into alternatives for sustainable growth.
The author, who has predicted international affairs faster and more accurately than anyone else and sought a path to the revival of the Republic of Korea, not only precisely analyzes and conveys global economic trends, but also offers insightful strategies to help individuals, businesses, and nations turn crises into opportunities amidst the tectonic shifts of the global economy.
Until now, the world has been connected as a single market under the name of free trade, but with the tariff bomb launched by President Trump, borders have become barriers again, and sanctuaries have been justified.
The world has now transformed from a community of people growing together into a battleground for survival, where people compete to see who can survive longer.
In the process, some people reaped enormous economic benefits, while others had to bear the brunt of the pain.
Through the United States' reckless tariff policies and the Israel-Iran war, countries around the world are consistently pursuing policies of self-first, dreaming of deglobalization.
[The World Economic Crisis] seeks to explore the path we will take as the existing world order collapses and is reorganized.
It examines structural changes in the global economy, forecasts the future of financial markets, and delves into alternatives for sustainable growth.
The author, who has predicted international affairs faster and more accurately than anyone else and sought a path to the revival of the Republic of Korea, not only precisely analyzes and conveys global economic trends, but also offers insightful strategies to help individuals, businesses, and nations turn crises into opportunities amidst the tectonic shifts of the global economy.
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Preview
index
prolog
Chapter 1: The Low-Growth Swamp
The world is plunged into unprecedented chaos.
What is the real cause of the low-growth swamp?
The aftermath of fake growth created by throwing money around
Future generations robbed of their wealth
Chapter 2: The Fate of the Endgame
Why Inflation Is Dangerous in the Trump 2.0 Era
What variables will shake up the global economy?
A signal flare of the US economic downfall
The time bomb planted by Biden
Interest rates are the biggest threat to the U.S. economy.
Trump's Gamble on Economic Growth
Chapter 3: Tectonic Shifts in the World Economy
Tariff policy exposes America's weaknesses
The dollar's hegemony is shaken as it tries to reduce its deficit.
America's budget deficit is the fault of other countries?
A manufacturing revival strategy that did more harm than good
The headwinds of the manufacturing industry's revival are only getting stronger.
The tectonic shift brought about by the tariff war
Is China aiming to divide the United States?
Manufacturing vs. Innovation Industries
Korean companies in a dilemma
Chapter 4: The Reshaping World Order
The ambition to suck up the world's wealth
Why would the United States want to join hands with Russia?
Hidden Objectives Targeting Greenland and Canada
Geopolitical changes brought about by territorial ambitions
The risky choices that falling approval ratings can bring
The demographic structure that determines the direction of the war for hegemony
Will Trump's tariffs really hurt China?
China's opportunity to win the war for hegemony
Why the Korean Economy Is Collapsed
Chapter 1: The Low-Growth Swamp
The world is plunged into unprecedented chaos.
What is the real cause of the low-growth swamp?
The aftermath of fake growth created by throwing money around
Future generations robbed of their wealth
Chapter 2: The Fate of the Endgame
Why Inflation Is Dangerous in the Trump 2.0 Era
What variables will shake up the global economy?
A signal flare of the US economic downfall
The time bomb planted by Biden
Interest rates are the biggest threat to the U.S. economy.
Trump's Gamble on Economic Growth
Chapter 3: Tectonic Shifts in the World Economy
Tariff policy exposes America's weaknesses
The dollar's hegemony is shaken as it tries to reduce its deficit.
America's budget deficit is the fault of other countries?
A manufacturing revival strategy that did more harm than good
The headwinds of the manufacturing industry's revival are only getting stronger.
The tectonic shift brought about by the tariff war
Is China aiming to divide the United States?
Manufacturing vs. Innovation Industries
Korean companies in a dilemma
Chapter 4: The Reshaping World Order
The ambition to suck up the world's wealth
Why would the United States want to join hands with Russia?
Hidden Objectives Targeting Greenland and Canada
Geopolitical changes brought about by territorial ambitions
The risky choices that falling approval ratings can bring
The demographic structure that determines the direction of the war for hegemony
Will Trump's tariffs really hurt China?
China's opportunity to win the war for hegemony
Why the Korean Economy Is Collapsed
Into the book
The world economy has enjoyed remarkable prosperity since the collapse of the Soviet Union in 1991, when the hegemonic war ended, and the wave of globalization has brought about remarkable prosperity.
But now, with the pace of productivity growth slowing and the population structure deteriorating, the era of abundance is coming to an end.
Accordingly, as the world economic pie rapidly shrank, a war for hegemony began as powerful countries such as the United States and China pursued policies of plundering the wealth of other countries in order to monopolize the shrinking pie.
--- p.10
The Trump administration's second term is pursuing a strategy of shifting America's problems onto other countries in an attempt to simultaneously address class and generational inequality.
In short, they are trying to solve America's problems by stealing growth from other countries.
This could potentially increase distrust between countries, leading to a decline in trade and an overall decline in the global economy.
The U.S. economy will also inevitably take a major hit.
The more this happens, the more the Trump administration risks blaming foreign countries for America's economic problems and adopting even more risky and unconventional policies.
--- p.53~54
While fostering manufacturing is crucial, from the U.S. perspective, manufacturing is a bygone industry.
In contrast, manufacturing remains an important growth engine for China, which is at a lower level of industrial development than the United States.
Therefore, while the United States incurs a kind of opportunity cost in fostering manufacturing, which has already weakened its competitiveness, China's fostering of its current manufacturing industry is more about investing in key industries, so even if both countries foster manufacturing equally, the economic burden on the United States is bound to be greater.
--- p.178~179
Although there have been frequent wars in the Middle East, no country has ever directly attacked oil or natural gas facilities.
Attacking oil drilling facilities could turn the entire world into an enemy due to the global economic repercussions caused by the surge in oil prices, and could even threaten the existence of the opposing country, raising concerns about an escalation of the war.
But now that Israel has broken a long-standing unwritten rule and struck Iranian energy drilling facilities, the likelihood of future attacks on oil and natural gas drilling rigs has increased dramatically.
--- p.227~278
Up until now, South Korea has been able to join the ranks of advanced countries because it has repeatedly overcome remarkable challenges that have surpassed previous stages of economic development.
However, the AI revolution that began in late 2022 has given up on itself without even trying.
Considering the incredible miracles that have been accomplished in the past, whether in complete wasteland or dire crisis situations, the AI revolution can certainly succeed.
I am confident that if we invest everything we have now, even to revive the economy, in future innovative industries like the AI revolution, robotics, and biotechnology, we will be able to create a solid foundation for the Korean economy within a few years.
But now, with the pace of productivity growth slowing and the population structure deteriorating, the era of abundance is coming to an end.
Accordingly, as the world economic pie rapidly shrank, a war for hegemony began as powerful countries such as the United States and China pursued policies of plundering the wealth of other countries in order to monopolize the shrinking pie.
--- p.10
The Trump administration's second term is pursuing a strategy of shifting America's problems onto other countries in an attempt to simultaneously address class and generational inequality.
In short, they are trying to solve America's problems by stealing growth from other countries.
This could potentially increase distrust between countries, leading to a decline in trade and an overall decline in the global economy.
The U.S. economy will also inevitably take a major hit.
The more this happens, the more the Trump administration risks blaming foreign countries for America's economic problems and adopting even more risky and unconventional policies.
--- p.53~54
While fostering manufacturing is crucial, from the U.S. perspective, manufacturing is a bygone industry.
In contrast, manufacturing remains an important growth engine for China, which is at a lower level of industrial development than the United States.
Therefore, while the United States incurs a kind of opportunity cost in fostering manufacturing, which has already weakened its competitiveness, China's fostering of its current manufacturing industry is more about investing in key industries, so even if both countries foster manufacturing equally, the economic burden on the United States is bound to be greater.
--- p.178~179
Although there have been frequent wars in the Middle East, no country has ever directly attacked oil or natural gas facilities.
Attacking oil drilling facilities could turn the entire world into an enemy due to the global economic repercussions caused by the surge in oil prices, and could even threaten the existence of the opposing country, raising concerns about an escalation of the war.
But now that Israel has broken a long-standing unwritten rule and struck Iranian energy drilling facilities, the likelihood of future attacks on oil and natural gas drilling rigs has increased dramatically.
--- p.227~278
Up until now, South Korea has been able to join the ranks of advanced countries because it has repeatedly overcome remarkable challenges that have surpassed previous stages of economic development.
However, the AI revolution that began in late 2022 has given up on itself without even trying.
Considering the incredible miracles that have been accomplished in the past, whether in complete wasteland or dire crisis situations, the AI revolution can certainly succeed.
I am confident that if we invest everything we have now, even to revive the economy, in future innovative industries like the AI revolution, robotics, and biotechnology, we will be able to create a solid foundation for the Korean economy within a few years.
--- p.275
Publisher's Review
The collapsing world order: where should we go?
Finding new order and opportunity in the midst of a massive tectonic shift
The author, a leading economic expert in South Korea who has been a part of the living economic history for the past 28 years, describes the current global economy, which is being reorganized more rapidly than ever before, as a "tectonic shift."
The world is in turmoil due to the tariff war launched by President Trump, and the war between Israel and Iran has turned the Middle East into a powder keg that could completely upend the global economic landscape, making us in the midst of a major shift that could shake up the existing system.
The economic growth, productivity gains, and population growth that humanity experienced in the 20th century began to slow significantly as we entered the 21st century.
As a result, the global economic pie has shrunk, and powerful countries are pursuing policies to plunder the wealth of weaker countries in order to monopolize the shrinking pie.
[The World Economic Crisis] closely examines the direction of this hegemonic war and explores sustainable response strategies in response to the upcoming changes in the global economic order.
It provides a sharp perspective on the hottest issues of today, including the US-China hegemony war, the era of high interest rates, the restructuring of global supply chains, the climate crisis, and the resulting geopolitical shifts, helping readers easily understand the complexly intertwined structure of the global economy.
How to navigate the era of deglobalization, high interest rates, and low growth
The world economy is currently transitioning from the era of abundance of the past to a completely new order.
The US-China hegemony war has weaponized the economy, and a prolonged recession driven by high interest rates and inflation has extinguished the engine of national growth.
At the same time, low growth, high risk, and high uncertainty have become the new global norm.
It would be a bit hasty to conclude that this was simply a decision made by the strongmen of a powerful nation.
The current global economic turmoil is more of an inevitable consequence of a shift in the world order.
Therefore, we must ask ourselves what kind of turning point the Korean economy must create to face the coming changes and crises, and where new opportunities will come from.
The author understands the intentions behind ever-changing global policies and explains the fundamental changes that will impact the global economic order from a Korean perspective.
The global economy appears in the news every day, but we, who are directly affected by it, often fail to properly understand its trends and let it slide.
In times of turmoil, understanding the big picture of the global economy facing humanity can lead to personal survival strategies.
Ultimately, reading the world economy is like setting up a compass and finding a path in my life.
[The World Economic Crisis] will serve as a friendly economic guide and survival manual for readers who dream of economic revival in South Korea and ponder the future of food even amidst extreme chaos.
Finding new order and opportunity in the midst of a massive tectonic shift
The author, a leading economic expert in South Korea who has been a part of the living economic history for the past 28 years, describes the current global economy, which is being reorganized more rapidly than ever before, as a "tectonic shift."
The world is in turmoil due to the tariff war launched by President Trump, and the war between Israel and Iran has turned the Middle East into a powder keg that could completely upend the global economic landscape, making us in the midst of a major shift that could shake up the existing system.
The economic growth, productivity gains, and population growth that humanity experienced in the 20th century began to slow significantly as we entered the 21st century.
As a result, the global economic pie has shrunk, and powerful countries are pursuing policies to plunder the wealth of weaker countries in order to monopolize the shrinking pie.
[The World Economic Crisis] closely examines the direction of this hegemonic war and explores sustainable response strategies in response to the upcoming changes in the global economic order.
It provides a sharp perspective on the hottest issues of today, including the US-China hegemony war, the era of high interest rates, the restructuring of global supply chains, the climate crisis, and the resulting geopolitical shifts, helping readers easily understand the complexly intertwined structure of the global economy.
How to navigate the era of deglobalization, high interest rates, and low growth
The world economy is currently transitioning from the era of abundance of the past to a completely new order.
The US-China hegemony war has weaponized the economy, and a prolonged recession driven by high interest rates and inflation has extinguished the engine of national growth.
At the same time, low growth, high risk, and high uncertainty have become the new global norm.
It would be a bit hasty to conclude that this was simply a decision made by the strongmen of a powerful nation.
The current global economic turmoil is more of an inevitable consequence of a shift in the world order.
Therefore, we must ask ourselves what kind of turning point the Korean economy must create to face the coming changes and crises, and where new opportunities will come from.
The author understands the intentions behind ever-changing global policies and explains the fundamental changes that will impact the global economic order from a Korean perspective.
The global economy appears in the news every day, but we, who are directly affected by it, often fail to properly understand its trends and let it slide.
In times of turmoil, understanding the big picture of the global economy facing humanity can lead to personal survival strategies.
Ultimately, reading the world economy is like setting up a compass and finding a path in my life.
[The World Economic Crisis] will serve as a friendly economic guide and survival manual for readers who dream of economic revival in South Korea and ponder the future of food even amidst extreme chaos.
GOODS SPECIFICS
- Date of issue: June 27, 2025
- Page count, weight, size: 280 pages | 464g | 145*210*20mm
- ISBN13: 9791198987631
- ISBN10: 1198987634
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카테고리
korean
korean