issues in global trade and finance

a study of the global nature of our economy and the effects of the global economy

Sunday, October 17, 2004

The Republic of Korea

Korea has been making a come back since the Asian crisis that put them into a critical state. Although they have restored the GDP per capita to pre-crisis levels I think Korea still might be in danger of another crisis in the near future. They rely too much on exports which results in sluggish domestic demand. Relying on exports also keeps the Republic of Korea from making a strong base for economic competition. If they want to make better and get away from the crisis and pre-crisis levels they need the above things. This topic was found on the WTO website and is a Trade Policy Review at http://www.wto.org/english/tratop_e/tpr_e/tp235_e.htm

1 Comments:

  • At 9:50 AM, Locan said…

    I agree wit the author that Korea could have a better economy if they focused less on export. It would be nice if they could go into more detail on this situation.

     

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