The economy of KOREA - Looking Ahead to the 21st Century - статья по прочим предметам



  • In the last quarter century, Korea’s economic growth has been among the fastest in the world.
  • The industrial structure of the Korean economy has also been completely transformed.
  • Korea’s merchandise trade volume increased from US$500 million in 1962 to US$166 billion in 1993.
  • From 1986 to 1989, Korea recorded current account surpluses and its debt declined.
  • Since 1982, Korea has managed to keep inflation down to a single digit.
  • In addition, price stability, which had served to boost Korea’s competitiveness, weakened.
  • The agricultural sector’s share of GNP declined from 37.0 percent in 1962 to 7.1 percent in 1993.
  • The manufacturing sector’s share has increased from 14.4 percent to 27.1 percent in the same period.
  • The service sector accounted for only 24.1 percent of GNP in 1962 but grew to 40.0 percent in 1993.
  • The ratio of domestic savings to GNP grew from 3.3 percent in 1962 to 34.9 percent in 1993.



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