Continuing the low growth of korea's economy

Description:

After showing over-par growth of 6.3 percent in 2002, the south korean economy standard to lose
its growth momentum. Korea's robust growth in 2002 had been sustaind by
the overall resiliency of domestic demand, even as worldwide economic conditions deteriorated
and korean experts fall.
However this engine of korean growth has weakened recently.

Enablers:

Korea's economy is heavily dependent on oil imports and recently oil price hikes.
North korea withdraw from the Nuclear Nonproliferation Treaty and threatened to reprocess plutonium

Inhibitors:

South korea's economic growth rate is projected to be around 4% in 2005, lower than the 4.6% recorded in 2004
Private consumption is expected to slowly recover to the mid 2% range

Paradigms:

1) Before : 2) After :

Timing:

From terrorist attacks, 9.11 and war in iraq to 2007

Web Resources:

http://www.dallasfed.org
www.asiapacificbusiness.ca/