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Essay / Research Paper Abstract
This 8 page paper examines the stalled US-South Korea trade negotiations and the issues that are unresolved. It gives a brief history of Korea and the reasons for its protectionist stance, and argues that the U.S. will have to make significant concessions to conclude the trade agreement. Bibliography lists 5 sources.
Page Count:
8 pages (~225 words per page)
File: D0_HVUSKore.rtf
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Unformatted sample text from the term paper:
that South Koreas reluctance to continue negotiations is based on fears that they will lose control of their economy if they make too many concessions to the United States. Korea
after the War North and South Korea occupy a rocky peninsula in which only 20% of the land is suitable for cultivation (Korea, 2007). This makes both nations unusually dependent
upon trade with and support from other nations for much of their economic survival. The Korean War "shattered" the economy of both nations; postwar recovery was "abetted by enormous amounts
of foreign aid (in the North from Communist countries and in the South chiefly from the United States) and intensive government economic development programs" (Korea, 2007). In the post-war period,
most of the industrial advances were made in the 1960s; "in that decade the South experienced an 85% increase in productivity and a 250% rise in per capita gross national
product" (Korea, 2007). However, South Koreas economic development was "20 times that of the North," leading to uneven economic development when considering the peninsula as a whole (Korea, 2007).
Although South Korea has traditionally been an agricultural region, farming, along with industries such as garments, footwear and textiles "have given way to heavy industry, consumer electronics, and information industries"
(Korea, 2007). Among the products now manufactured in the South are chemicals, automobiles, "electrical and electronic equipment," ceramics, ships and cement (Korea, 2007). This is a dramatic change, since before
1948, most of the heavy manufacturing was located in the North (Korea, 2007). At the end of the war, however, both countries were devastated, and in the South, damage "and
the flood of refugees from North Korea further intensified the economic problem" (Korea, 2007). This left the nation dependent on foreign aid, most of from the U.S., as noted above.
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