South Korea Economic Challenges Revisit
Lukas Sun
Final Portfolio WP2 3/12/2013
Economics Discourse toward South Korea’s Future challenges
An analysis of the Sustainability Report (an organizational report which gives information about economic, environmental, social and governance performance) states the fact that Samsung Group was ranked number one for sales among global IT companies for the first time in 2009. By reviewing the outstanding performance of Samsung, an information technology company established in South Korea in 1969, it is conspicuous for citizens in the global village to notice the country’s growing economic strength. South Korea has indeed established itself internationally as a formidable newly advanced economy by overcoming the global financial crisis from 2007-2008 (which resulted in the threat of total collapse of large financial institutions, the bailout of banks by national governments, and the downturns in stock markets around the world) with notable speed and effectiveness. Since South Korea has already became a developed country with remarkable economic power, I wonder what factors might cause challenges for South Korea’s economy in the future and what the government can do to overcome these upcoming obstacles?
The two articles, “The Challenge of Innovation and Technology for Korea as a Newly Advanced Economy Revisited” by Jorg Mahlich and Werner Pascha, as well as, “Implications for South Korea’s Economic Growth” by Deok Ryong Yoon, conduct conscientious research and answer my discourse question. The writers of these two articles are all authoritative in the field of economics. Yet, the authors of each article have distinct perspectives of South Korea’s growing economic strength and the challenges the country is facing. The writers of each article also launch their expertise into the discourse community at a different level. Broadly speaking, the first article, “The Challenge of Innovation and Technology for Korea as a Newly Advanced Economy Revisited,” discusses the
Final Portfolio WP2 3/12/2013
Economics Discourse toward South Korea’s Future challenges
An analysis of the Sustainability Report (an organizational report which gives information about economic, environmental, social and governance performance) states the fact that Samsung Group was ranked number one for sales among global IT companies for the first time in 2009. By reviewing the outstanding performance of Samsung, an information technology company established in South Korea in 1969, it is conspicuous for citizens in the global village to notice the country’s growing economic strength. South Korea has indeed established itself internationally as a formidable newly advanced economy by overcoming the global financial crisis from 2007-2008 (which resulted in the threat of total collapse of large financial institutions, the bailout of banks by national governments, and the downturns in stock markets around the world) with notable speed and effectiveness. Since South Korea has already became a developed country with remarkable economic power, I wonder what factors might cause challenges for South Korea’s economy in the future and what the government can do to overcome these upcoming obstacles?
The two articles, “The Challenge of Innovation and Technology for Korea as a Newly Advanced Economy Revisited” by Jorg Mahlich and Werner Pascha, as well as, “Implications for South Korea’s Economic Growth” by Deok Ryong Yoon, conduct conscientious research and answer my discourse question. The writers of these two articles are all authoritative in the field of economics. Yet, the authors of each article have distinct perspectives of South Korea’s growing economic strength and the challenges the country is facing. The writers of each article also launch their expertise into the discourse community at a different level. Broadly speaking, the first article, “The Challenge of Innovation and Technology for Korea as a Newly Advanced Economy Revisited,” discusses the
Cited: Mahlich, Jorg, and Werner Pascha. “The Challenge of Innovation and Technology for Korea as a Newly Advanced Economy Revisited.” Innovation and Technology in Korea. Heidelberg: Physica-Verlag HD, 2012. 1-13. Swales, John. “The Concept of Discourse Community” in Wardle, Elizabeth and Doug Downs, Ed. Writing about Writing: A College Reader. Boston: Bedford/St. Martin’s, 2011. 466-480. Yoon, Deok Ryong. “Implications for South Korea’s Economic Growth” Towards a Northeast Asian Security Community. New York: Springer, 2011. 189-205.