Communication History and Theories

ELIF URCAN 2005421048 TOPIC: Comparing of South Korea and gold coast stinting Indicators Economic Overview of KOREA, SOUTH Since the 1960s, South Korea has achieved an incredible record of growth and integration into the high technology modern world economy. Four decades ago, GDP per capita was comparable with levels in the poorer countries of Africa and Asia. In 2004, South Korea joined the trillion dollar ball club of world economies. Today its GDP per capita is roughly the same as that of Greece and Spain. This success was achieved by a system of close political science/business ties including directed credit, import restrictions, sponsorship of specific industries, and a self-coloured labor effort. The government promoted the import of raw materials and technology at the expense of consumer goods and encouraged savings and investment over consumption. The Asiatic financial crisis of 1997-98 exposed longstanding weaknesses in South Koreas victimisation model including high debt/equity ratios, massive foreign borrowing, and an unchecked financial sector. GDP plunged by 6.9% in 1998, then vulcanized by 9.5% in 1999 and 8.5% in 2000. Growth fell stick out to 3.3% in 2001 because of the s let outing global economy, falling exports, and the perception that much-needed corporate and financial reforms had stalled.

Led by consumer expense and exports, growth in 2002 was an impressive 7%, despite anemic global growth. betwixt 2003 and 2007, growth moderated to about 4-5% annually. A downturn in consumer spending was offset by rapid export growth. Moderate inflation, low unemployment, and an export surplus in 2007 characterize this solid economy, simply inflation and unemployment are increasing in the face of emergent oil prices. Economic Overview of GHANA Well endowed with natural resources, Ghana has roughly twice the per capita output of the poorest countries in West Africa. level so, Ghana remains heavily dependent on internationalist financial and technical assistance. Gold and cocoa... If you want to get a full essay, order it on our website: Orderessay

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