Difference between revisions of "Continuing the low growth of korea's economy"
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==Description:== | ==Description:== | ||
After showing<br> | After showing over-par growth of 6.3 percent in 2002, the south korean economy standard to lose its growth momentum.<br> | ||
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.<br> | |||
However this engine of korean growth has weakened recently.<br> | |||
==Enablers:== | ==Enablers:== | ||
Revision as of 11:55, 17 November 2005
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:
After showing over-par growth of 6.3 percent in 2002, the south korean econony standard to lose its growth momentum.
Inhibitors:
1) Large gap between the country's urban and rural areas and between the booming coastal regions and underdeveloped western regions.
2) Jobless workers and migrant workers.
Paradigms:
1) Adopted the policy of reform and opening to the outside world.
2) The country's per capita GDP has increased by five times.
Experts:
http://www.mof.gov.cn/index.htm
http://www.mof.gov.cn/english/english.htm
Timing:
The 2008 Olympic Games in Beijing
Web Resources:
http://www.xinhuanet.com/english/index.htm
http://www.btmbeijing.com/contents/en/business/2005-09/focus/chinaamendtaxlaws