"The impact of the problems of the colonial past on the modern trade disputes of the Republic of Korea and Japan"

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 affecting the development of the global electronics market against the background of the Covid-19 pandemic. In order to trace the unbreakable thread linking the two epochs, the author characterizes, analyzes and, where relevant, gives a forecast regarding the development of modern trade The conflict between Japan and the Republic of Korea, which is a direct consequence of unresolved disputes of the colonial era. What began as a simple continuation of a long-standing dispute over the controversial history of bilateral relations between Japan and Korea has turned into a quasi-conflict with far-reaching consequences for the architecture of economic stability and regional security in the Pacific region. The novelty of the work lies in a deep analysis of the causes of the modern conflict, the proposal of ways to solve it and forecast the development of the situation. According to the results of the study, the author came to the conclusion that due to the trade dispute, both countries faced an economic recession and a drop in 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 scenario of escalation of the trade dispute is associated with long-term costs. Given the escalating global economic crisis, it is in the interests of both countries to come to an agreement that would put an end to the dispute.