Many of these issues are global and have the ability to escalade rapidly.
Economic interdependence among the countries of Northeast Asia is increasing. On the other hand, some experts in South Korea believe that their country is sandwiched between the fast-developing and advanced countries—not yet catching up with the advanced economies, while being chased closely by the rising ones especially China.
As big economies such as China and India expand rapidly and demand grows for energy and raw materials, acquiring these necessities becomes more expensive and difficult in a global market. This situation represents a serious challenge for resource-poor countries such as South Korea.
South Korea is also experiencing problems common to post-industrial societies, such as a gap between the rich and the poor, social polarization, social welfare issues, and environmental degradation.
Low fertility is another serious challenge to the Korean economy, as is an aging society that will contribute to a slowdown in economic growth.
What are the strengths and weaknesses of the Korean economy? How will increased trade with the United States and China affect the Korean economy? What are the prospects for economic integration in Northeast Asia and the implications for the Korean economy?
And how will Korea's increasing welfare burden affect the economy?
Issues and challenges Prospects for a Free Trade Agreement with the European Union, Japan, or China Asian regionalism Social issues such as low fertility, aging population, social welfare, income distribution, and stress on the environment, including comparisons with other countries Related to staff.Widener is an innovative metropolitan university offering undergraduate and graduate programs that combine academic excellence, career preparation and community service.
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