Can a US$6 trillion South Korea-Japan economic bloc succeed?
A fraying global economic order could push South Korea and Japan towards deeper trade integration, with business leaders and analysts saying the two neighbours stand to benefit from such a partnership despite lingering historical wounds. The two countries could draw closer as the era of relatively open global trade gives way to tit-for-tat tariffs and supply-chain disruptions due to conflicts in…
The South Korea-Japan economic bloc, valued at US$6 trillion annually, is being proposed as a potential solution to the fraying global economic order, according to the South China Morning Post. With business leaders and analysts highlighting the benefits of such a partnership, the two neighbours stand to gain from deeper trade integration, despite lingering historical tensions.
Experts suggest that the bloc could learn from the France-Germany model, where post-war cooperation in industries such as energy and steel laid the foundations for the European Union. With both countries facing structural challenges such as an ageing population and low birth rates, economic integration could provide a way to strengthen their economies and reduce reliance on global markets.
Brief written by urgent.news from South China Morning Post's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
