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News Release

Institute Senior Fellow Awarded One Million Yen for Korea Study

March 12, 2002

Contact:    Edward A. Tureen    (202) 328-9000

Washington, DC—Dr. Marcus Noland, senior fellow at the Institute for International Economics, is this year's winner of the prestigious Ohira Masayoshi Award for his study, Avoiding the Apocalypse: The Future of the Two Koreas. To be nominated for this annual award—a cash prize of one million yen—the books or reports must contribute to the promotion of cooperation within the Pacific Rim region. Topics may include politics, economics, culture, technology, and regional studies. The awards ceremony will take place June 12 in Tokyo, on the anniversary of Prime Minister Ohira’s death.

In Avoiding the Apocalypse, published by the Institute in June 2000, Korea expert Noland examines the current situation in the two Koreas in terms of three major crises: the nuclear confrontation between the United States and North Korea, the North Korean famine, and the South Korean financial crisis. As noted by Joseph Stiglitz, 2001 Nobel Prize winner in economics and former Chief Economist of the World Bank, "[The study] is unique in its breadth and rigor, and essential reading for anyone interested in the future of Korea."

Dr. Noland was senior economist for international economics at the Council of Economic Advisers (1993-94), and has most recently coauthored No More Bashing: Building a New Japan-US Economic Relationship, with C. Fred Bergsten and Takatoshi Ito (2001, Institute for International Economics).

The Institute for International Economics is a private nonprofit research institution for the study and discussion of international economic policy. The Institute, directed by C. Fred Bergsten, provides fresh analyses of key economic, monetary, trade and investment issues and recommends practical policy approaches for strengthening public policy toward these important topics. The Institute receives funding from a large number of private foundations and corporations.