LSE KEPF 2011 “Two Koreas: Past, Present and Future” Agenda

KEPF 2011 was held on the 26th November, 2011. Below is the full agenda. To view the full speaker profile, please follow

Opening Ceremony

09:05 Welcoming speech
by KEPF Head Director
by HE the Ambassador of the Republic of Korea Kyu Ho Choo

09:15 Opening speech: Judith Shapiro

Economic session (Morning Session)

Government Role in Economic Development in Korea: The sustainability of the South Korean economic growth in 1950-80s, driven by the government’s industrial policies and the adaptability of other developing countries to follow suit, along with the role of capital market liberalisation in future development


09:30 Intro / Explanation: Elias Sanidas
>>An introduction to Korea’s unique economic development in the 1950s-80s
>>How it shaped today’s economy


09:55 Economic Development in Korea: Free-Market Policies or Government Industrial Policies

Keynote: Korea’s growing international responsibility of tackling poverty and climate change
By Jeffrey Sachs

Keynote: The role of capital account liberalisation in crisis and the risks to growth of too-quick liberalisation
By Kilbinder Dosanjh

Keynote: Korea’s future industrial policy: Between no vision and too much vision
By Robert Wade

Keynote: The future of the Korean economic development with services, innovation and global trade
By Troy Stangarone

10:55 Moderator speech: Janet Hunter

11:00 Panel discussion with Q&A

11:50 Lunch

Political session (Afternoon Session)

The persisting issue of securitisation between the two Koreas, and its potential implications on international arena


13:00 Introduction speech: How the relation with North Korea has changed in terms of regional and global environment
By Kwang Ho Chun


Regional Securitisation

13:15 Keynote: The North-South relations and its impact on Korean peninsula securitisation
By Beom Chul Shin

Keynote: North Korea, Human security and the securitisation agenda
By Hazel Smith

13:45 Moderator speech: John Swenson-Wright

13:50 Panel discussion with Q&A (Moderator + 2 Speakers)

Global Securitisation

14:15 Keynote: Korea and global securitization: Nuclear weapon
By Christopher Bluth

Keynote: Relations between Japan and Korean peninsula in terms of political and economic issues
By John Swenson-Wright

14:45 Moderator speech: Christopher Hughes

14:50 Panel discussion with Q&A (Moderator + 2 Speakers)

15:15 Break


15:30 Debate Session: Is humanitarian approach towards DPRK better than achieving securitisation through hard-line policy?

16:00 Q&A Session

16:20 Closing speech by the KEPF Co-Director

16:30 Reception

On 26th November 2011, LSESU Korean Society is proud to present the first student-run Korean Economic and Political Forum: “Two Koreas: Past, Present and Future”. The forum will be divided into two topics, each to be held in the morning and afternoon sessions respectively.

Korea’s increasing prominence in the global community was aptly illustrated through its role as the host of the G20 Seoul Summit in November 2010. Through the Forum, we aim to promote a global and in-depth understanding of Korea’s economic development and the volatile political situation in the Korean Peninsula. Although interests in Korea are growing, we believe there are insufficient means to fulfil their interests. By establishing this forum, we will not only be able to promote Korea, but also offer insight into East Asian affairs

Having achieved an incredible record of GDP growth during the East Asian Miracle, around 8 per cent per annum, Korea has been expanding its prominence in the global economy even though it was hardly unscathed by the Asian financial crisis. Moreover, amidst the increasing interests in the emerging markets especially in China, Korea’s geopolitical importance is growing in the global world.

Our forum, in this critical time, aims to reconsider the South Korea economic growth from 1960-80s that was (or claimed to be) mainly driven by the government intervention to promote its exports. The long-term implications of the government industrial policies on today’s economy will be explored thoroughly to allow us to learn from the past and forge ahead. Moreover, the discussion regarding the adaptability of other developing countries to follow suit will be held. Post- financial crisis (2008), some economists raised concerns for Big Governments whose expenditure is considered to be excessively large. The Korean government, as those of other countries, injected a large sum of money into the economy in the hope that it would stimulate the economy and stampede the economic recession. Though our forum mainly focuses on the government intervention of the 1960-80s, the fundamental question vis-à-vis the efficiency of the government intervention in promoting the economic growth is unavoidable.

Current hostility between the Two Koreas in light of series of political and military crises such as the bombing of Yeon-Pyong Do and the alleged sinking of Cheon-ahn Vessel also adds another dimension to the discussion in our forum. Since the end of the Korean War, although economic growth, facilitated by government intervention had been drastic, tension in the Korean Peninsula still remains a problem to be solved. While there is no doubt that all will agree ‘discussion’ is the way forward in harmonising differences between the Two Koreas, two main opposing political strategies regarding how to achieve this illusive harmony is slowing the peace-talk processes even further. If South Korea cannot resolve the internal differences regarding their dealings with the North, all future peace-talks seem inevitably to grind to a stalemate without producing fruitful outcomes. We will use this forum as a platform to evaluate these two methods in contention—whether to approach our Northern counterpart with hard-line policy or to opt for engagement talks, reflecting from the outcome of both approaches previously used.

Our forum will thus discuss two major topics: for the economic session, the sustainability of the South Korean economic growth in 1960-80s that was mainly driven by the government’s industrial policies and the adaptability of other developing countries to follow suit; for the political session, the South Korean stance towards the North in light of the current crises.

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