Economic Advantage Of South Korea

It started with Psy’s “Gangnam Style” in 2012. It's in YouTube history, gaining more than two billion views. Euny Hong, author of the new book The Birth of Korean Cool: How One Nation is Conquering the World Through Pop Culture, says “Korea is throwing all of its weight and billions of dollars into making itself the number one exporter of pop culture in the world.” Now, as a result of decades of investment, South Korea procured a huge impact on pop culture, affecting more lives, per capita, than any other nation. South Korean television dramas, also known as K-Dramas have had huge audiences in unlikely places.

The United States has benefitted by having a powerful trade partner in the Asian region as well as Air bases the will allow U.S forces to get anywhere in Asian region quick and decisively. All of this hinges on political cooperation between the two nations. A cooperation that has seen South Korean politics take many twists and turns since 1960. In 1960, South Korean politics were in a state of upheaval. Despite the fact that South Korea had a democratic government, many people believed the government

Eventually, however, global connections helped Asian nations gain stability and prosperity. Japan and South Korea flourished, capitalizing on global commerce by blending market capitalism with central state planning. Europe stood at the peak of world power. If World War

Korean went from a mostly agricultural economy to one that had free markets and an economy that was becoming rapidly industrialized by the day. The reason that Japan was successful at this was in part due to the policies introduced by Kazushige Ugaki and also because Japan needed the raw materials that Korea would provide. Because Japan had industrialized and modernized Korea so much, by the time 1940 was over, Korea was the second most industrialized country in all of Asia, second only to Japan. Today, the effects of Japan’s occupation of Korea are prevalent. Korea has the 4th largest economy in Asia, 11th in the world, and leads in industries such as electronics and

The techniques used to make these films more attractive can still be seen in current day films, but at higher quality content. The cultural norms and economic conditions had a profound impact of the type of content being produced in Hollywood during this era. Additionally, the political implications, such as anti-Communist sentiments and the Paramount decision, had an effect on future films produced in the United States. How to Marry a Millionaire was an enjoyable light-hearted romantic comedy that did a great job of reflecting the changes that were occurring in Hollywood during this

Furthermore, Korean immigration to the United states increased because of the restricted political freedom due to military dictatorships and political tensions within South Korea. The media also increased Korean immigration. As more Koreans are persuaded that America is the land of prosperity, they are likely to go there. Moreover, the strong military ties between the United States and Korea encouraged more Korean Immigration into America.

The pro is that many immigrants are entrepreneurs and tend to bring value to the economy, in which raises the GNP. However, the con is that immigrants tend to compete for unskilled jobs against unskilled citizens. That does not deny the tremendous value that immigrants, many of them entrepreneurs, bring to the economy. In fact, a hefty proportion of foreigners entering America have high levels of education and are moving directly into the nation 's suburbs and professional classes. ``The net effect of immigration is still that it raises the GNP, ' ' says Harvard economist Richard Freeman, co-author of the NBER report.

The spreading of a country 's culture and original television show may be good enough for some people, what companies gain from glocalization of television shows is the maximization of profit. Countries in different countries, such as Germany and the United States, had to pay for rights in order to create their own versions of The Office. This essentially allowed for the creators of The Office and all involved in it’s production were able to make more money after the show went off the air than ever imagined. The United States version was the most profitable adaptation of the show and the creators and actors from the British version actually helped produce the United States adaptation. The United States adaptation of The Office remains to be the most popular glocalized television show from any other country.

PURPOSE AND IMPACT OF FOREIGN

Samsung implements the strategy of “ Red Ocean;” which shows that a firm gains competitive advantage by venture into the current market and constructing on the weaknesses of other competitors in the field of similar products. Thus, Samsung“floods the market with many products” which are made by other companies within short duration of time ( Travos,2002). It seems that Samsung made these new products through developing many of manufacturing products of its Smartphones. However, such attitude is considered to be as a massive cost advantage over other firms that make such product. Samsung has improved its “competition position internationally through developing its present competitive strategies” , through depending on the other manufacturers`