Course: International trade and finance (International Economics)

Instruction:

Please analyze about 2019 Japan-South Korea trade dispute. How it happened and what is the outcome of both countries.

Below is short summary of how Japanese government started trade dispute.

On July 1, 2019, the Japan Ministry of Economy, Trade and Industry announced that it would limit exports of key materials for semiconductor and display manufacturing, and it entered into a full-scale invasion of the Korean economy. Japan insists that the purpose of strengthening the enforcement decree is “to maintain international peace and security.”

However, this is Japanese government’s point of view. The Korean government is currently confronting Japanese government in WTO right now and please prove what Japan has done wrong and show how the trade dispute has influenced both countries’ economy. (Evaluate both countries economic growth right now).

Please use economic theories and terms whenever possible.

Reference

  1. https://itif.org/publications/2020/01/16/understanding-south-korea-japan-trade-dispute-and-its-impacts-us-foreign
  2. https://youtu.be/zEf66tDHZZs