The fragile foundations of South Korean expansion
Article Abstract:
One of the world's poorest nations just 20 years ago, South Korea today is twelfth in world trade at $65 billion, and its economy has an average annual growth rate of 8.5 percent. Currently, the South Korean economy is dependent upon economic relations with the U.S. and Japan, exemplified by South Korea's $7 billion trade surplus with the U.S. and its $6 billion trade deficit with Japan. One major South Korean goal is to reduce its trade deficit with Japan; another is to increase trade and investment activity with European partners. Many Korean corporations are seeking European sources for goods currently purchased from Japan. Trade with Europe increased 50 percent during the first eight months of 1986. South Korean economic growth and international trade are overshadowed by the potential for armed conflict with North Korea or internal domestic turmoil.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1987
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Get ready for the quality generation
Article Abstract:
A survey of 250 European MBA graduate students reveals that business students are no longer emphasizing the monetary rewards when making career choices. MBA graduate students, perhaps as a reaction to the recent financial scandals that were rooted in greed and the lay-off of many employees in the financial industry after the October 1987 Stock Market Crash, are expressing a desire for more quality time with their families, significant input in the business environment, and quality in the overall business life. The total job experience is being emphasized more than the size of remuneration. The vast majority of respondents to the survey rated quality-of-life criteria at the top of their list when making career decisions, including such issues as the environment, social contribution, and business utility.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1990
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