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Essay

Communication History And Theories

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Issue:

Social Issues

 

Written by:

Joseph M

 

Date added:

September 29, 2013

 

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Grade:

A

 

No of pages / words:

2 / 436

 

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6196 times

 

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Essay content:

In 2004, South Korea joined the trillion dollar 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 government/business ties including directed credit, import restrictions, sponsorship of specific industries, and a strong labor effort...
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The government promoted the import of raw materials and technology at the expense of consumer goods and encouraged savings and investment over consumption. The Asian financial crisis of 1997-98 exposed longstanding weaknesses in South Korea's development model including high debt/equity ratios, massive foreign borrowing, and an undisciplined financial sector...
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