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    Corea del Sur Econom�a 2000

      Econom�a - descripci�n: As one of the Four Dragons of East Asia, South Korea has achieved an incredible record of growth. Three decades ago its GDP per capita was comparable with levels in the poorer countries of Africa and Asia. Today its GDP per capita is seven times India's, 13 times North Korea's, and comparable to the lesser economies of the European Union. This success through the late 1980s was achieved by a system of close government/business ties, including directed credit, import restrictions, sponsorship of specific industries, and a strong labor effort. The government promoted the import of raw materials and technology at the expense of consumer goods and encouraged savings and investment over consumption. The Asian financial crisis of 1997-99 exposed certain longstanding weaknesses in South Korea's development model, including high debt/equity ratios, massive foreign borrowing, and an undisciplined financial sector. By 1999 it had recovered financial stability, turning a substantial decline in 1998 into strong growth in 1999. Seoul has also pressed the country's largest business groups to swap subsidiaries to promote specialization, and the administration has directed many of the mid-sized conglomerates into debt-workout programs with creditor banks. The major economic challenge for the next several years presumably is the maintenance of the pace of market reforms to restore the old growth pattern.

      Producto Bruto Interno (PBI): purchasing power parity - $625.7 billion (1999 est.)

      PBI - Indice de Incremento real: 10% (1999 est.)

      PBI - por capital: purchasing power parity - $13,300 (1999 est.)

      PBI - Composici�n por Sector:
      agriculture: 5%
      industry: 45%
      services: 50% (1998 est.)

      Poblaci�n bajo linea de pobertad: NA%

      Ingreso en casa o porcentage de consumci�n:
      lowest 10%: NA%
      highest 10%: NA%

      Indice de Inflaci�n (precios del consumidor): 0.8% (1999 est.)

      Fuerza Laboral: 22 million (1998)

      Fuerza Laboral - por ocupaci�n: services and other 68%, mining and manufacturing 20%, agriculture, fishing, forestry 12% (1998)

      Indice de desempleo: 6.3% (1999 est.)

      Presupuesto:
      revenues: $68.9 billion
      expenditures: $82.3 billion, including capital expenditures of $14.5 billion (1998)

      Industrias: electronics, automobile production, chemicals, shipbuilding, steel, textiles, clothing, footwear, food processing

      Industrial production growth rate: 22% (1999 est.)

      Electricidad - Producci�n: 221.258 billion kWh (1998)

      Electricidad - producci�n por fuente:
      fossil fuel: 59.56%
      hydro: 1.91%
      nuclear: 38.51%
      other: 0.02% (1998)

      Electricidad - consumci�n: 205.77 billion kWh (1998)

      Electricidad - exportaciones: 0 kWh (1998)

      Electricidad - importaciones: 0 kWh (1998)

      Agricultura - productos: rice, root crops, barley, vegetables, fruit; cattle, pigs, chickens, milk, eggs; fish

      Exportaciones: $144 billion (f.o.b., 1999)

      Exporationes - comodidades: electronic products, machinery and equipment, motor vehicles, steel, ships; textiles, clothing, footwear; fish

      Exportaciones - socios: US 17%, Japan 9%, China 9%, Hong Kong 7%, Taiwan 4% (1998)

      Importaciones: $116 billion (c.i.f., 1999)

      Importaciones - comodidades: machinery, electronics and electronic equipment, oil, steel, transport equipment, textiles, organic chemicals, grains

      Importaciones - socios: US 22%, Japan 18%, China 7%, Australia 5%, Saudi Arabia 5% (1998)

      Deuda - externa: $142 billion (1999)

      Ayuda economica - recipiente: $NA

      Moneda: 1 South Korean won (W) = 100 chun (theoretical)

      Indice de intercambio: South Korean won (W) per US$1 - 1,130.32 (January 2000), 1,188.82 (1999), 1,401.44 (1998), 951.29 (1997), 804.45 (1996), 771.27 (1995)

      A�o Fiscal: calendar year

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    Copyright © 2000 Photius Coutsoukis (all rights reserved)


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