UDC 94 (5)
DOI: 10.36871/ek.up.p.r.2022.02.02.007
Authors
Alexandra V. Kolesnikova
Lomonosov Moscow State University (MSU)
Moscow, Russia
Abstract
The subject of the study is the trade conflict between the Republic of Korea and Japan, affecting
the architecture of global flows of high-tech components and influencing the development of the global electronics
market against the backdrop of the COVID-19 pandemic.
In order to trace the inseparable thread connecting the two eras, the author characterizes, analyzes and,
where relevant, gives a forecast regarding the development of the modern trade conflict between Japan and the
Republic of Korea, which is a direct consequence of the unresolved disputes of the colonial era.
The novelty of the work lies in a deep analysis of the causes of the modern conflict, the proposal of ways to
resolve it and forecast the development of the situation. Based on the results of the study, the author came to the
conclusion that due to the trade dispute, both countries faced an economic recession and falling trade indices, the
global electronics supply chain was disrupted, and the world community expressed concerns about the threats that
the trade dispute poses to global flows of high-tech components. Obviously, the trade dispute escalation scenario is
associated with long-term costs. Given the worsening global economic crisis, it is in the interests of both countries
to reach an agreement that would put an end to the dispute.
Keywords
colonization, Korean peninsula, trade dispute, economy, pacific region, import dependence, Republic of Korea, international, economic relations, industrial economy, COVID-19, economic crisis
