it is about globalization of south korea

1. :South korea
(1960s to 2000s)
Submitted by-
• Priyanka Bajaj – A01
• Pushpinder Sandhu – A02
• Amanjoot- A03
• Varnika –A04
Submitted to:- Makhmoor Bashir

2. South korea is one of the world’s wealthiest
nation. It is a developed country, with a developed
market and high-income economy. South Korea was
one of the world’s fastest growing economies from the
early 1960s to the 1990s and it is still one of the fastest
growing developed countries in the 2000s.
Rank according to GDP:- 15th
Rank according to PPP:- 12th
South korea’s economic ranking
South Korea is member of organization for economic co-
operation and development (OECD) and the G-20 major
economies.

3. South Korea was one of the few developed countries
that was able to avoid a recession during the Global
Financial Crisis. In 2012 South Korea was 7th largest
exporter as well as importer in the world.
1) Shipbuilding
2) Automobile
3) Mining
4) Construction
5) Tourism
Main sectors of South Korea:-

4.  Following the korean war, South Korea remained one
of the poorest countries in the world for over a decade.
In 1960 its gross domestic product per capita was $79.
 After World war II, korea has experienced significant
economic growth and it becomes a prime example of
Newly industrialised countries.
 In 1986, manufacturing industries accounted for
approximately 30 percent of the gross domestic
product (GDP) and 25 percent of the work force.
CASE SUMMARY

5.  For the first half of the 1990s, the south korean
economy continued as a stable and strong growth in
both private consumption and GDP.
 The stable economy change quickly in 1997 with the
ASIAN FINANCIAL CRISIS. But in these crisis IMF
( International Monetary Fund) help the country, and
then 1999,when countries growth rise again, then
president (Kim-dae-jung) declared the country from free
of crisis.
CASE SUMMARY

6. 1)
 Less economic growth
 Poor natural resources
 Low saving rate
 Tiny domestic market.
2)
 FINANCIAL CRISIS / LIQUIDITY CRISIS.
KEY ISSUES
Before 1960s Issue
1990s Issue

7. 1)
 Outward-looking strategy
 Develop competitive advantage
2)
 Support from IMF( International monetary fund)
 Raise many funds from external sources
SOLUTIONS
Solution of 1960s Issue
Solution of 1990s Issue

8. 1) High quality labor
supply.
2) Free from corruption.
1) Support from
International monetary
fund.
2) FDI
1) Poor natural resources.
2) Depend on outsources.
1) More privatisation.
2) Less government control.
SWOT Analysis
Strengths Weaknesses
Opportunities Threats

9. 1) Should try to enhance the agricultural
growth.
2) Must create a balance between
privatistion and political control.
3) Should enhance their internal resources
because its very much helpful in financial
crisis.
4) Should create the reserves for future
fluctuations.
RECOMMENDATIONS

10. 1) As the world moves into 21st century, the
globalisation of the nations has become the major
issue at that time.
2) Every countries wants to move towards the high
technology & higher industrialisation.
3) South korea is the perfect example of a globalised
nation through it shifting emphasis towards rapid
industrialisation, technological innovation .
4) Less government influence also helps the South
Korea’s sustainable economic growth but does not
helpful in financial crisis.
CONCLUSION

11. CURRENT POSITION
1) Rank in GDP:- 15th
2) Rank in PPP:- 12th
3) Position as a exporter:- 6th
4) Position as a importer:- 8th

12. 1) WWW.Kewpid.com
2) en.wikipedia.org/wiki/economy_of_south_korea
REFRENCES

13. THANKYOU…