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- Where do you think we are heading betweeninflation and deflation, especially in commodity and energy sectors.
¢ºI expect very little inflation in the US in theimmediate term. The economy is just nowhere near overheating and I don¡¯tunderstand the argument that inflation is imminent. For commodities, I thinkmuch of that depends on the hard vs soft landing scenarios for China.
- What do you think is Korean economy going tobe like in five years?
¢ºKorea has been one of the bright spots in theworld economy. I would expect to see them continue to upgrade the quality andproductivity ladder. I would be most nervous about the prospects of the Asianneighbors and the downward pull that could have on Koreas economy and financialmarkets.
- Would you give some tips for Korean economicpolicy makers?
¢ºThat would be presumptuous of me. Korea¡¯seconomy has performed well. My only advice, as I say, would be to keep a closeeye on how the Asian region is doing but they already are doing so. I think theKorea-US FTA will likely benefit both of those nations in the coming years, aswell.
- Would you recommend any new technology thatwould be associated with great business opportunity.
¢ºI think the rise of the self-driving car wouldhave quite profound implications for many car oriented economies (bothconsumers and producers) like the US, Korea, China and Japan. I don¡¯t know ifit will make anyone money but I do think it is an amazing opportunity to changeour economic function and productive output.