Speaking from the Korea Investment Conference, North Korea expert Brian Myers explains how the popular fallacy of a communist North Korea impedes our understanding of North-South relations. The Kim Jong Un regime espouses a radical version of the ethno-nationalism that remains the civic religion in the South as well; as a result many South Koreans consider it the “purer” state, thus emboldening the North to behave more belligerently. Myers analyzes the unsettling implications for South Korea’s security as it heads into presidential elections.
Jennifer Curry formerly served as managing editor of the Enterprising Investor. Previously, she was the social media manager at the New York Society of Security Analysts (NYSSA). Prior to her work at NYSSA, Curry worked as the senior project editor for a nonfiction imprint at Barnes & Noble Publishing and as an assistant editor at the H.W. Wilson Company. She is the editor of several volumes in the Reference Shelf series, and her writing has appeared in Smithsonian, IndustryWeek, Barnes & Noble Review, and other publications. Curry holds a BS in journalism and a BA in anthropology from the University of Kansas, and an MA in anthropology from Hunter College, City University of New York.
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The South African Reserve Bank's Monetary Policy Committee kept its benchmark repurchase rate at 7% for a seventh consecutive meeting. Policymakers said the rand and improving inflation outlook could take a hit from ratings downgrades and politics. Bloomberg (26 May.)
Four leaders -- British Prime Minister Theresa May, French President Emmanuel Macron, Italian Premier Paolo Gentiloni and US President Donald Trump -- are making their debut at the Group of Seven summit amid significant change in national positions. G-7 leaders were once in broad agreement, but they are expected this year to seek common ground and to strive for trust among themselves as they discuss issues related to the economy, trade, climate change and security. CNBC (25 May.)
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