POST-COVID ASIA: DEGLOBALIZATION, FOURTH INDUSTRIAL REVOLUTION, AND SUSTAINABLE DEVELOPMENT

Dr Hyun-Hoon LEE is professor of international economics at Kangwon National University (KNU), South Korea. He was Senior Analyst at the Asia-Pacific Economic Cooperation (APEC) Secretariat and was Senior Environmental Affairs Officer at the United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP). He has also been Visiting Professor/Scholar/Fellow at the University of British Columbia, the University of Melbourne, Keio University, and the Bank of Korea. He has a PhD in Economics from the University of Oregon, USA. His research area includes international trade and finance, environmental economics, development economics, the Korean economy, and regional economic cooperation in East Asia and the Pacific. He has published a large number of articles in many leading international journals, as well as a number of books.Dr Donghyun PARK is currently Principal Economist at the Economics Research and Regional Cooperation Department (ERCD) of the Asian Development Bank (ADB), which he joined in April 2007. Prior to joining ADB, he was a tenured Associate Professor of Economics at Nanyang Technological University in Singapore. Dr Park has a PhD in economics from the University of California, Los Angeles (UCLA), and his main research fields are international finance, international trade, and development economics. His research, which has been published extensively in journals and books, revolves around policy-oriented topics relevant for Asia's long-term development, including innovation, entrepreneurship, and financial sector development. Dr Park plays a leading role in the production of Asian Development Outlook, ADB's biannual flagship publication on macroeconomic issues, and leads the team that produces Asia Bond Monitor, ADB's quarterly flagship report on emerging Asian bond markets.

• World after Coronavirus:COVID-19 will Accelerate Deglobalization:Another Great Depression?; Global Value Chain is Halted; Exit from China and Reshoring; Deglobalization Gains Momentum; Root Causes of Deglobalization:A Brief History of Globalization; Widening Income Inequality Triggers Resentment Toward Globalization; Catchup Causes Tension Between Advanced Economies and Emerging Markets; Fourth Industrial Revolution will Reshape the Global Value Chain; Population Aging Leads to Secular Stagnation; World after Coronavirus:History Repeats Itself; Cold War Between America and China; Fourth Industrial Revolution Gathers Speed; Fourth Wave of Globalization will be Digital Globalization; Asia's Critical Choices:A Tough Road Ahead:Deglobalization Pushes Asian Economies to the Brink; Asia's Looming Demographic Crisis; Asia's Widening Inequality and Polarization; Asia's Environmental Degradation; Riding the New Wave of the Fourth Globalization and the Fourth Industrial Revolution:Outward-Looking Growth is a Necessity, Not A Choice; Asia as the Agenda Setter of the New Wave of Globalization; Asia Must Ride the Wave of the Fourth Industrial Revolution; Lessons from Countries at the Forefront of the Revolution; Beyond Smart Cities to Smart Countries; Sustainable Development in Post-COVID Asia:Thinking Outside the Box to Overcome the Population Crisis; An A-System of Sustainable Development Unique to Asia; Inclusive Growth for Sustainable Development; Green Growth for Sustainable Development; An Asian New Deal Based on Three Axes; Final Thoughts: Toward Pax Asiana;