POL 02 - March 10, 2008

POL 02 - March 10, 2008 - 1 March 10, 2008 South Korea...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 1 March 10, 2008 South Korea Economy: The chaebol economy 1 The chaebol economy Why arent the chaebol like the oligarchs? The 1997 Asian financial crisis: How has South Koreas new democracy coped? Begin Discussion of China South Koreas economic strategy Government backed winners. The Chaebol Giant companie 2 Giant companies Dominated by single families Three super chaebol Hyundai Samsung Daewoo South Korea is dwarfed by the rest of Asia. 3 2 Change in exports over time: Export model of economic growth Products requiring mostly cheap labor Cheap toys, clothing, shoes Products requiring some resources and cheap 4 labor Electronics (Samsung) Products requiring expensive inputs (imports OR highly skilled labor) Cars (Hyundai) Software Services Is China following this strategy? 1960s cheap toys from Japan 1970s cheap toys from Taiwan 5 1970s cheap toys from Taiwan 1980s cheap toys, clothing from Korea 1990s cheap toys from China Export economies depend on markets! Three most important markets in Asia: United States Japan 6 Europe Consumer demand has been growing for decades South Korean economy is dependent on American and Japanese consumer demand. 3 Does South Korea have a sound economy?...
View Full Document

Page1 / 8

POL 02 - March 10, 2008 - 1 March 10, 2008 South Korea...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online