Economy of South Korea (PDF)

Name: Economy of South Korea
Brand: GRIN Verlag
SKU: 83087734
Price: 5.99 EUR
Availability: OnlineOnly

(Sprache: Englisch)

Autor: Eva Veresová

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Essay from the year 2014 in the subject Economics - Macro-economics, general, grade: Excellent 1.0, University of Applied Sciences Technikum Vienna (International Business and Engineering), course: Global Economy, language: English, abstract: The division of Korea into South and North following the Korean War in 1950-1953, left the countries devastated and their economy completely destroyed. Both of the new formed republics chose a specific approach to rebuild the economy. Now, 60 years later, the results of each strategy are clearly evident.

What were the key factors that boosted South Korea's economy to the top position in the world? What measures can South Korea take to keep this front position also in the future? How could the different political developments influence the economic prosperity of each country? These questions will be answered in the following pages.