The Korea Society is pleased to announce that the winner of the 7th Annual Sherman Family Korea Emerging Scholar Lecture Competition is Dr. Munseob Lee, Assistant Professor at the University of California San Diego. Dr. Lee will address The Return of Industrial Policy: Lessons from Korea.
Industrial policy is making a comeback. Signs of government intervention in support of industry are visible not only in China, but in the U.S., Europe, and Asia. Drawing lessons learned from Korea’s experience, Lee provides important insights for today’s policy-makers. A notable case to be discussed is the Korean government's implementation of the heavy and chemical industry drive in 1973. While that policy yielded positive outcomes for the targeted industries, it also resulted in a higher concentration within those sectors.
Lee emphasizes the intricate nature of industrial policy and stresses the need for a thorough evaluation of its costs and benefits before implementation, especially now given the current bipartisan support for substantial bills in the U.S. aimed at revitalizing industrial policy. As one reviewer stated, “At this critical time Lee revisits the effectiveness of Korean industrial policy during a high development phase to glean useful insights for Korea, U.S., and beyond.” The Lecture is moderated by Thomas Byrne, President and CEO of The Korea Society.
The intent of the annual Sherman Family Lecture Award is to grow U.S. thought leadership on Korea for a new generation. The award is presented across disciplines and to emerging thought leaders, from doctoral candidates to junior professors and respective research or non-profit professionals. The award is made possible through the generosity of Mr. and Mrs. Philip Sherman and family. You can view the presentations of former award winners here.
2023 Sherman Family Korea Emerging Scholar Lecture
The Return of Industrial Policy: Lessons from Korea
Munseob Lee
Wednesday, December 6, 2023 | 6 PM (EST)
The Korea Society
350 Madison Avenue, 24th Floor
New York, NY 10017
About the Speaker:
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Munseob Lee is Assistant Professor of Economics in the School of Global Policy and Strategy (GPS) at the University of California San Diego. Lee is also an Associate Director in GPS's Korea-Pacific Program. His research areas are macroeconomics and economic growth. Lee's work has been published in the Journal of Political Economy and the Journal of Monetary Economics, among others. He has been a short-term consultant at the World Bank, a visiting fellow at the Asian Development Bank, and a visiting scholar at the Federal Reserve Bank of St. Louis as well as the Federal Reserve Bank of Minneapolis. He earned a PhD from the University of Chicago and a BA from Seoul National University. |
About the Moderator:
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Thomas J. Byrne is President and CEO of The Korea Society and has taken on the role of “Honorary Ambassador,” appointed by the minister of MOTIE under the auspices of KOTRA/Invest Korea, to help promote trade and investment ties between Korea and the U.S. Byrne previously served at Moody’s Investor Services, where he was Senior Vice President, Regional Manager, spokesperson, and Director of Analysis for the Sovereign Risk Group in the Asia-Pacific and Middle East regions, based in Singapore. Prior to that, he was the Senior Economist of the Asia Department at the Institute of International Finance in Washington D.C. from 1984 to 1996. Byrne has an MA in International Relations with a concentration in international economics from the Johns Hopkins School of Advanced international Studies and a BS in Biology from State University of New York at Stony Brook. Before his graduate work, he served in South Korea for three years as a U.S. Peace Corps volunteer. Byrne teaches as an adjunct professor at Columbia University’s School of International and Public Affairs in New York City and at Georgetown University’s Graduate School of Foreign Service in Washington, D.C. As president, he has written opinion articles published in the Wall Street Journal, Bloomberg View, The New York Times, The Washington Post, The Financial Times, The National Interest, and Reuters Breakingviews. |
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