Discussion of South Korea's concerted effort to open up its economy to foreign investment, and the problems it faces due to defensive and protectionist sentiments among the population.
Written in 1994; 1,125 words; 4 sources; $ 39.95
From the Paper:
"Overview of South Korea
To some extent Korea has never completely escaped from the legacy of the Hermit Kingdom, when the country went into self-imposed isolation almost 400 years ago in response to the Japanese and Manchus. It was one of the last countries in the world to establish contacts with the West in the late 19th century. Subsequent colonial exploitation by Japan during the first half of this century reinforced a defensive mentality among Koreans that still exists today.(Burton 1994)
But today the South Korean economy is once again booming after two years of the slowest growth since 1980. As a consequence of this expansion the government is now making a concerted effort to open up the economy to foreign investment. The GNP growth rate is expected to exceed 7% for all of 1994 as.."
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