Maintaining peaceful inter-Korean relations with The Price of War -

- Maintaining peaceful inter-Korean relations with The Price of War -

"The Price of War" is on June 8, 2022,

"OECD Chief Economist and Depute Secretary-General," OECD (Organization for Economic Cooperation and Development),

"Laurence Boone" is an editorial.

If you read this person's article, you seem to be well aware of the problems of the current global economy and suggest a organized alternative.

First, Laurence Boone warns that the world will pay a "hefty price" for the current Russia-Ukraine war.

First of all, referring to the Humanitarian Crisis, hundreds of thousands of people are now killed in front of our eyes, millions of refugees are forced to flee their homes, and the ongoing economic recovery after two years of the pandemic is threatened,

The war has sent energy and food prices soaring and made life much more difficult for many people around the world.

In addition, the global growth rate is lowered due to these wars,

It also emphasizes that while the degree to which inflation rises depends on how the war unfolds in the future, the poorest will be hit the hardest.

In addition, regarding global growth, the OECD predicts that the global economy will weaken rapidly,

"High inflation is eroding the real disposable income and living standards of households (Elevated inflation across the globe eroding households' real disposable income and living standards, and in turn lowering consumption as a result."

It is also that if the war widens or drags on, the prospects for low-income countries and Europe, in particular, will deteriorate.

He also said that inflation is eroding real income, savings and purchasing power, which can affect corporate profits and investment and job creation capabilities,

Inflation is insisting that people and businesses share equally between profits and wages (inflation is a budden, which must share fair among people and firs, and between propit and wages).

Finally, if you read "Laurence Boone,"

For the sake of the global economy, the United States must stop the Russia-Ukraine war.

However, the prevailing analysis is that the Russia-Ukraine war will last for 10 years or more than 10 years because it is unlikely to do so.

Now, the United States and the West are talking about a new approach to Ukraine
With weapons,

Ukraine is fighting Russia, a fictitious enemy of the United States.

It is also uniting the EU and NATO and rearmament.

However, it is worrisome that the current inter-Korean relationship seems to be flowing strangely with filth balloons and loudspeaker broadcasts against North Korea.

Until now, it can be said that the two Koreas have continued peace without war with the June 15 Joint Declaration by President Kim Dae Jung.

This peace between the two Koreas should continue.

Because the cost of war is too great.

We have to deal with it wisely.

The current government should take the initiative to apologize, forgive, communicate, and remain peaceful if there is anything wrong with North Korea.

Korea's economy is currently experiencing high prices, high interest rates, and high exchange rates
Due to the economic downturn, the national economy and the people's livelihood economy are very difficult.

But on top of that, there's a security crisis
It is important to keep in mind that when overlapping, the Korean economy falls into the abyss.