Paul Krugman, a Nobel laureate and professor of economics at the Graduate Center of the
City University of New York, will give a lecture on the “The Danger of a Global Trade War” at
the special session at 9:00 a.m. on June 27 and hold a dialogue with Bark Taeho, Professor
Emeritus at Seoul National University’s Graduate School of International Studies, who once
served as Minister for trade of the ROK. Upon the theme of his lecture, Prof. Krugman said:
“Today's global economy is highly integrated in part because of modern technology, but this
technology doesn’t guarantee that markets will remain open. On the contrary, low tariffs
were achieved through international cooperation, and there is a very real risk that this
cooperation will break down, greatly disrupting world trade.” Krugman was awarded the
2008 Nobel Prize in Economic Sciences for his contribution to economics through his
analysis of free trade and the effects of globalization. He served as a staff member of the
Council of Economic Advisers during the Reagan administration in 1982-1983 and has had
academic achievements in the fields of global trade, global finance and industrial policies. He
is also known for his prediction in 1994 of the economic crisis in Asia.