Why South Korea export lead growth is so successful

Introduction South Korea is one of the fastest growing economies in the world and especially in Asia. Today, South Korea is among those countries with a middle-level economy. This significant growth began in the mid 1970s after the realization of the need to create a strong industrial base (Horikane 390).Advertising We will write a custom essay sample on Why South Korea export lead growth is so successful? specifically for you for only $16.05 $11/page Learn More Although various factors have facilitated this trendy growth and success in the general export portfolio, few factors remain critical. Firstly, the eminent and significant political will demonstrated during the early 1970s acted as an impetus in redefining the political scenario capable of harnessing from the then existing potentials. During this momentum, South Korea felt threatened about its political sovereignty and as such, the need for the creation of international relations acted in its fav or (Horikane 390). Discussion During the early 1960s, export promotions became the fundamental objective of the Korean government. Subsequently, to improve the quality of international balance of payments, the government mobilized every policy agenda that could boost the nature of its exports. According to Horikane (2005), the government pursued these policy measures with extensive patriotism through the application of orthodox tax system, credit breaks and incentives (309). Relying on these impetuses, the Korean exports received much promotion thus recording phenomenal growth. According to Economic Planning Board (EPB), the country registered an annual export value of about $55 million in 1962 Horikane (2005). Although studies reveal no strict relationship between the Korean exports and the growth of GNP, records indicate that the ever-growing annual export rate of about 23% came with an average annual per capita income of 6.4% during the period of 1965-87 (Krueger 108). The faster growth in the general export in the Asian countries gains from the underlying lack of restrictions that prevailed within the export regimes. This support proved as a formidable strategy in South Korea in which exporters were exempt from export restrictions necessary for the promotion of exports. Therefore, the government interventions implied an outright assurance of the profiting period (Krueger 108). Contrary to the export strategies adopted by South Korea and other Sian countries, countries that exhibited quantitative controls over the importation with slow potential growth lagged behind in terms of the value of their exports and the resultant growth in the Gross National product (GNP). Increased GNP is an assurance for the increase in the overall per capita income since GNP is a function of Per Capita Income.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More As GNP increases, while assum ing constancy or slow growth in population, the resultant per capita income continues to grow significantly. This scenario explains why South Korea has registered a successful growth in its export portfolios on an international scale (Westpha 41). For a successful production process, skilled labor must be present in order to yield possible results. During this growth, South Korea benefited from the existing and skilled labor force, which necessitated the growth of domestic production to serve the expanded foreign export markets (Krueger 109). Conclusion Although the strategies adopted had no express capacity to fuel continued export growth, it is worth noting that the base created by this momentum modeled a self-fulfilling trend. In this case, any policy that could sabotage the growth of exports had little or no influence based on the strengths gained from the initial phases. In essence, the political will coupled with proper harmonization of economic and human resources may account for the phenomenal growth experienced by South Korea as demonstrated by its growth in GNP and annual per capita income. Works Cited Horikane, Yumi. â€Å"The Political Economy of Heavy Industrialization: The Heavy and Chemical Industry (HCI) Push in South Korea in the 1970s.† Modern Asian Studies 39.2 (2005): 369–397. Krueger, Anne. â€Å"Asian Trade and Growth Lessons.† The American Economic Review 80.2 (1990): 108-112. Westpha, Larry E. â€Å"Industrial Policy in an Export- Propelled Economy: Lessons from South Korea’s Experience†. The Journal of Economic Perspective 4.3 (1990): 41-59. This essay on Why South Korea export lead growth is so successful? was written and submitted by user Frederick Marquez to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

The Odessey essays

The Odessey essays As George Lois once said, Creativity can solve almost any problem. The creative act, the defeat of habit by originality, overcomes everything. In this citation Lois strives to explain the use of novelty and ingenuity when attempting to triumph over adversity. In much of literature, many characters seem to utilize this power of intelligence or cunning rather than their physical strength to out wit there adversary. This recurring theme of mind over muscle is exemplified throughout The Odyssey, an epic poem by Homer. Odysseus, the protagonist of the play, has the essential character qualities of a Homeric leader: strength, bravery, nobility, and confidence in his authority. However his most distinguishing trait is his sharp intellect and his quick wit. This is wholly illustrated in Odysseuss struggle with the Cyclops, Polyphemus. After being imprisoned with his crew by Polyphemus, Odysseus realizes that he cannot possibly overpower the Cyclops, and that, even if he were able to do so, he would not be able to budge the boulder from the entrance of the cave. He thus plans around his weakness in strength by exploiting Polyphemus of his own foolishness. Odysseuss wit in this episode is characterized by an extraordinary foresight and prudence, which gives him options in difficult situations. His foresight is no more evident than in his decision to take along the delicious wine that he had received from Maro when he and his men had sacked Ismarus, soon after they had begun their journey home. I took this wine...A sudden forboding told my fighting spirit Id soon come up against some giant clad in power...a savage deaf to justice, blind to law.(9. 235-240). After Polyphemus devours a number of Odysseus's men raw, the hero's reaction is not impulsive, but characterized by careful thought and restraint. Because the entrance is blocked by a boulder, immovable except by Polyphemus, O...

The concept of natural laws vs. human laws in the Decameron Essay - 1

The concept of natural laws vs. human laws in the Decameron - Essay Example The stories are concerned with a lot of things but it is the everyman hero which comes out on top rather than a Christian knight or a great king. Topics such as love, practical jokes, the hypocrisy and corruption of the clergy are all covered and often the hero of a tale comes from the mercantile class which was coming up at the time (Barolini, 1983). Since the audience itself was largely composed of individuals from this class, their notion of natural law being more important than human laws is certainly reflected in how the tales take shape. For example, in the very first tale a sinner is canonized as a saint which not only shows the fallacy of human law created by clergymen but also the power of natural law as the man who did wrong in his life was not appreciated by anyone expect the foolish priest who came to see him. In the same series of tales of the first day (sixth and ninth tales), we see examples of how disputes can be better resolved by words amongst individuals rather than resorting to the proper application of the law which might have resulted in the detriment of all concerned parties. It must be noted that Boccaccio does not seek to eradicate laws or even consider them bad since many laws are good for protecting the people. However, laws which make no sense to him or those which he considers archaic traditions are ridiculed extensively. As a replacement of those laws, Boccaccio shows us that natural laws are not only their equal but perhaps an improvement since they result in more equitable answers. The tales of the second day directly connect with this since they all deal with an individual losing his fortune and then through the workings of natural law is restored to his fortune while winning out over those who oppose him. In fact, to take it a step further, it can be said that the relationship between natural law and human law in the

Web 2.0 Security Research Paper Example | Topics and Well Written Essays - 2500 words

Web 2.0 Security - Research Paper Example The idea of the â€Å"Web 2.0 was given by Darcy DiNucci, an advisor on electronic information paradigm. In this regard, this emerging idea is normally linked with web applications that are helpful to increase the capability to communicate interactive information distribution, cooperation, user-centered plan on the www. Additionally, the web sites which encompass the features of Web 2.0 offer its users the free option to work together or cooperate with each other in the community media discussion as designers of user-produced information material in a virtual society, as compared to those websites where clients are restricted to the inactive analysis of content that was developed for them. Moreover, the instances of Web 2.0 comprise a range of applications like social-networking blogs, websites, video-sharing websites, wikis, web applications, hosted services, folksonomies and mashups. Despite the fact that the idea presents an innovative description of the World-Wide-Web, but it do es not offer an update to some technological conditions, however relatively growing transformations in the means software developers and end users utilize the Web (XIBL; Mysore). Normally, the Web 2.0 incorporates the client-side website browser expertise such as Flash, Asynchronous JavaScript and XML (Ajax) and JavaScript/Ajax frameworks and the Adobe Flex framework like that Dojo Toolkit, Yahoo! UI Library, jQuery and MooTools. In this scenario, Ajax programming utilizes Java-Script to upload as well as download new data from the web server without reloading a page repeatedly (XIBL; Mysore). Web 2.0 uses machine-based connections like that SOAP and REST. In this scenario, servers frequently represent administrative Application Programming Interfaces or simply APIs, however standard APIs (for instance, for positioning to an internet blog or informing a blog revision) are also used in development. Moreover, for the communications in APIs incorporate XML or else JSON payloads (XIBL; Mysore). The new web based or web-supported tools offer a range of effective software features and services to the consumers, workers and business associates. These services could be easily managed and handled. Additionally, the new information technology offers access to a major business resource such as the web server, which gives the capability to access various other useful information resources, for instance database servers (ITSecurity). At the present time, a lot of young people have fully integrated Web 2.0 tools and applications into their professional and personal lives. According to various researches, more than 80% of workers make use of social networking applications or web sites like that MySpace, Facebook and YouTube at workplaces or on their laptops. Thus, it is clear that the fame of video-calling (Skype), instant messaging and peer-to-peer (such as multi-player gaming) is increasing day by day and it is causing augmenting danger for business’s status, networ k performance in addition to information safety (M86 Security). Web 2.0 is definitely very helpful in almost every walk of life. For instance, people read blogs on various latest issues, and place queries on communication board to get response of their questions or investigate specialized debates or forums to get latest knowledge about a definite issue. Moreover, the Web 2.0 applications such as IM (or instant messaging), P2P and Skype frequently offer extra advantages for exchanging information with associates (M86 Security). Obviously, Web 2.0 technology can negatively affect business information security as well as efficiency of organizations. For instance, the lively, interactive website content on Web 2.0 websites can simply divert a worker for hours. Moreover, the businesses are bothered regarding the possible discovery of secret and sensitive data and information by workers when they communicate with other, write messages, write blogs or leave remarks when participating in so cial media (M86 Security). The major examples of Web 2.0 includes

Action Potential and Receptor Olfactory Receptor Essay Example for Free

Action Potential and Receptor Olfactory Receptor Essay You scored 100% by answering 4 out of 4 questions correctly. 1. Assuming that the resting potential of a sensory neuron is -70 mV, which of the following represents a depolarization? You correctly answered: c. a change to -60 mV 2. Which of the following is a sensory modality (type of sense)? You correctly answered: e. all of the above 3. Which of the following is a sensory stimulus? You correctly answered: d. all of the above 4. Which of the following is true of the response of a sensory neuron to the appropriate sensory stimulus? You correctly answered: c. both a and b 010/27/13 page 1 Experiment Results Predict Question: Predict Question 1: The adequate stimulus for a Pacinian corpuscle is pressure or vibration on the skin. Which of the following modalities will induce the largest amplitude receptor potential in the Pacinian corpuscle Your answer : c. moderate-intensity pressure Predict Question 2: The adequate stimuli for olfactory receptors are chemicals, typically odorant molecules. Which of the following modalities will induce the largest amplitude receptor potential in the olfactory receptor? Your answer : a. moderate-intensity chemical Stop Think Questions: Why didnt the Pacinian corpuscle respond to high-intensity light? You correctly answered: b. Light-transducing proteins are not present in the Pacinian corpuscle. Judging from these results, does light have a smell?

Generation and Culture in Doce cuentos peregrinos Essay -- Garcia Marq

  Ã‚  Ã‚   An enormous sea serpent nailed by the neck to the door frame is also nailed at the beginning of Gabriel Garcia Marquez's "El verano felà ­z de la Seà ±ora Forbes" from his novel "Doce cuentos peregrinos." This short story is an eloquent representation of the unconscious state of mind of dominance in which the result of previous concepts of life and costumes achieved are just vague figures trying to make up a non-abstract drawing that represent power. Generations and cultures are being confronted, characteristic of a dense ambient in which two different manners of applying the rules of society provoke an ironic reaction of rebellion that apply to a macrocosm. The title means "Miss Forbes's summer of happiness." The time of the year, the island surrounded by the dark blue sea, together with Miss Forbes's summer, narrate the environment in which the story is developed. The house is very small, and this helps to increase the tension that prevails from the start of the stor y to the end. There is a lot of repression. Many of the things are overwhelmed with rightness to agree with the normal kind of person that is used to live in an open society free of all kinds of discrepancies and orthodox methods of life. "Negra y fosforecente" (189) is the first impression that the story gives to the reader. This anticipates the darkness and at the same time vivid aspect that the story is going to have by describing the sea serpent on the door. The intense terror of seeing the "animal crucificado" (189) turns to a bigger matter that is entitled as the beginning of the long journey of hell that society is living in. The younger kid thinks that the moray "Tenà ­a ojos de gente" (191). He was still frightened; he saw the antecedents and consequenc... ...en once the rebellion took place. A courageous society takes all responsibility from its back whenever a major level goes down. As Garcia Marquez suggests, this determines a stabilized level of power where distinctions are to be created again to be taken to a macrocosm, and prove that rules, even in the highest level of hierarchy may be mistaken or not proper to the generation or culture that the society is living in.    Works Cited and Consulted Garcia Marquez, Gabriel. Doce cuentos peregrinos. Buenos Aires: Editorial Sudamericana, 1992. Garcia Marquez, Gabriel. Strange Pilgrims: Twelve stories by Gabriel Garcia Marquez. Trans. Edith Grossman. New York: Alfred A. Knopf, 1993. Molinario, Nina L. Foucault, feminism and power: Reading Esther Tusquets. Lewisburg: Bucknell University Press; London; Cranbury, NJ: Associated University Presses, 1991. Generation and Culture in Doce cuentos peregrinos Essay -- Garcia Marq   Ã‚  Ã‚   An enormous sea serpent nailed by the neck to the door frame is also nailed at the beginning of Gabriel Garcia Marquez's "El verano felà ­z de la Seà ±ora Forbes" from his novel "Doce cuentos peregrinos." This short story is an eloquent representation of the unconscious state of mind of dominance in which the result of previous concepts of life and costumes achieved are just vague figures trying to make up a non-abstract drawing that represent power. Generations and cultures are being confronted, characteristic of a dense ambient in which two different manners of applying the rules of society provoke an ironic reaction of rebellion that apply to a macrocosm. The title means "Miss Forbes's summer of happiness." The time of the year, the island surrounded by the dark blue sea, together with Miss Forbes's summer, narrate the environment in which the story is developed. The house is very small, and this helps to increase the tension that prevails from the start of the stor y to the end. There is a lot of repression. Many of the things are overwhelmed with rightness to agree with the normal kind of person that is used to live in an open society free of all kinds of discrepancies and orthodox methods of life. "Negra y fosforecente" (189) is the first impression that the story gives to the reader. This anticipates the darkness and at the same time vivid aspect that the story is going to have by describing the sea serpent on the door. The intense terror of seeing the "animal crucificado" (189) turns to a bigger matter that is entitled as the beginning of the long journey of hell that society is living in. The younger kid thinks that the moray "Tenà ­a ojos de gente" (191). He was still frightened; he saw the antecedents and consequenc... ...en once the rebellion took place. A courageous society takes all responsibility from its back whenever a major level goes down. As Garcia Marquez suggests, this determines a stabilized level of power where distinctions are to be created again to be taken to a macrocosm, and prove that rules, even in the highest level of hierarchy may be mistaken or not proper to the generation or culture that the society is living in.    Works Cited and Consulted Garcia Marquez, Gabriel. Doce cuentos peregrinos. Buenos Aires: Editorial Sudamericana, 1992. Garcia Marquez, Gabriel. Strange Pilgrims: Twelve stories by Gabriel Garcia Marquez. Trans. Edith Grossman. New York: Alfred A. Knopf, 1993. Molinario, Nina L. Foucault, feminism and power: Reading Esther Tusquets. Lewisburg: Bucknell University Press; London; Cranbury, NJ: Associated University Presses, 1991.

Short & Long Term Career Goals

Education has always been an important aspect of my life. Although there have been trials and tribulations I have surmounted them. My story is not one of a privileged life not wanting or wishing for anything. Instead it is a dream, a dream to be able to fulfill what is my destiny. On December 14, 2005 I will have my associate's degree; it has been a long time coming, and it is finally here. I have managed to maintain full time work to support myself and my family while attending to school to accomplish one of my life long dreams. By attending Drexel this would not only afford me the opportunity to continue my dream of furthering my education but it will also allow me to advance in my industry. My short term career goals include furthering my education in business administration; Drexel will allow me to do that. Long term Drexel will give the tools, confidence, and background necessary to advance even further in my career goals. Business has been my passion for a number of years, Drexel will allow me to have more of a hand on approach, and it will allow me to be even more of a key player in the business industry. Over time my goals continue to grow and advance, Drexel will allow me to make my current goals a reality and work toward my future goals and the ones that I will create in the future. The main way that Drexel would help me with my current and future goals is through affording me a great education, with a wonder staff and plentiful resources as my disposal. These tools are priceless, and impossible to truly measure. All I can say is that it is my beliefs that Drexel is the best place for me to continue my education. Through researching the school and the programs that are offered through Drexel, I believe that the business program best suits my life style. The program allows flexibility which is extremely important in my life. My short term career goals include: advancing my knowledge base in the field of business administration, balancing work and family, becoming more confident in my abilities as a degreed professional, learn how to deal more efficiently in my professional life and personal life. Drexel can help me reach these goals by, affording me the opportunity to have a flexible school schedule, by teaching me the necessary tools to needed to become more confident in my personal and professional abilities, giving me a platform to increase my skills in business as well as interpersonal skills necessary to survive in the business world. Long term goals include, advancing into a higher position with my current employer, or possibly starting my own business, becoming a motivator and teacher to others through my knowledge and experience. Drexel can aid me in reaching these long term goals in the same ways that Drexel can help me reach the short term career goals. One is through allowing a platform to gain further education in the field of business. By advancing my knowledge in the field of business, I hope to be able to be an inspiration to others, as well as have the tools necessary to be effective in my endeavors as well as help others obtain their lifelong goals. Drexel University is the perfect fit for me. I know that if I am allowed to become a part of the student body all of my dreams will become realities. There is no where to go but up with a Drexel education. If given the opportunity you will not be disappointed. I give every endeavor 100%! Education is necessary in continuing my goals. My Bachelors is just the beginning, just a single step leading up the stairway of my lifelong dreams. Thank you in advance for considering me for your Bachelors program.