Electronics trade exceeded 45 billion and the projected growth is 9% per year. Korean government also plans to expand its financial support in the field of research and development (Emmot, 2010). Information and telecommunication industry in South Korea satisfy all aspects of porter 's Diamond and stay in sync that provides competition among its employees. Country is a world leader and has the advantage over other because all four aspects of Porter’s Diamond are met. Factor conditions Germany has long been known as a manufacturer and exporter of quality products.
Japan, was ranked third (after the US and china) powerful economy in the world. This country has a very limited resources and most of it's islands are volcanic or full of mountains. But, investing on advanced technologies, made Japan one of the biggest leaders in industry and technology in the world. \begin{figure} \centering \includegraphics[width=13cm]{map} \caption{Japan on map \cite{map}. }\label{map} \end{figure} Japan, at 2010, had a very great economy.
The second theme of the “GE under Jack Welch: Narrative, Performative and The Business Model”, describes that during the 1990’s era, General Electric and its CEO Jack Welch were highly successful even under the economy crash. Fortune declared the company as the most admired company and Welch as the most widely admired and imitated CEO of his time. During the year 2002, the earnings and stock prices increased continuously and the P/E ratio was much higher than the other stock. These achievements are generally associated with leadership of Welch, the finance control and key performance initiatives as its internal culture which define every achievement of General Electric. However some critics disagree with this.
South Korea has shown dramatic growth in the past decades quickly rising from third to first world in a span of a few decades. Often being dubbed a miracle, it is now the 13th largest economy in the world with renowned brands such as Samsung that is comparable to United State’s Apple. However, her success did not come easy. South Korea, henceforth Korea, has experienced a difficult transition to democracy after the end of Japanese colonial rule in 1945. Liberalization did not occur until the 1987 June Democratic Uprising, yet today; democracy in South Korea operates more efficiently compared to any other Third World countries .
North Korea’s economy is a centrally planned system and South Korea is Free Market. South Korea is now considered to be fully developed with a similar per capital economic standing to Western Europe, Japan, and America. South Korea is one of the Asian Tigers along with Hong Kong, Singapore and Taiwan which have free and highly developed economies which grew rapidly between the 1960s and the 1990s. After 1961 North Korea was the most industrialize country in the third world and living conditions were better than South Korea in that time. However, because of central government the economic condition was fall dawn side.
1. Introduction Hallyu is came from the Chineses term “Hánlíu” which can be easily translated “the Korean wave” is a term which shows the popularity of Korean culture especially music (K-pop), dramas, foods and fashion. This wave became extremely popular in Asian countries such as Vietnam, China, Thailand, Singapo, Hongkong and so on. Besides, in recent years, the Hallyu is also widespread in Europe and American and be well-known over the world. Since the turn of the 21st century, South Korea has emerged as a major exporter of popular culture and tourism (Wikipedia), which plays an extremely important factor in its economy.
Considering that Korea was one of the poorest countries in the past, Korea stood at the thirteenth place in world’s largest economy in 2007. Korea also surpassed United Sates $20,000 mark in per-capita. Both were one of the greatest achievements that Korea achieved and it shocked not just the United States but also other countries around the globe. In addition, the world saw how South Korea was included in the list of countries that were able to recover quickly and efficiently when the Asian financial crisis occurred in 1997. The recovery post the Asian financial crisis embarked their path to innovation and genuine economical
Introduction As India’s economy continues to grow, the gap between the rich and the poor also continues to widen. India is the worlds’ biggest democracy, and with a population of over 1.25 billion it contains the world’s seventh largest economy. Economic reform introduced in the 1990’s has improved India’s economy, but the country still struggles with widespread poverty and economic inequality. A report published in 2011 by the Organisation for Economic and Organisational Development (OECD) stated that income inequality has doubled in India since the 1990’s (OECD.com). The report also stated that the wealthiest ten percent of Indians earn twelve times as much money as the poorest 10 percent.
The articles state that the domestic economy grew by 7.0 percent in the third quarter of 2013 from 7.3 percent recorded the previous year boosting the 2013 first nine months growth to 7.4 percent from 6.7 percent on 2012. News in Philstar last January 2014 had an interview with Socioeconomic Planning Secretary, Arsenio Balisacan who said that, “The Philippines remains as one of the best performing economies in the Asian region in the fourth quarter of 2013, second only to China, which grew by 7.7 percent.” See? Through choosing the right people that will be leading our country expands our economic growth and secures our economic
America is the most developed and famous country in the world. United States has the most developed economy and is proceeding towards more success. U.S is a very active and major member of the United Nations which has top and likely countries in its council, it is very easy for U.S to influence the United Nations because of the power and reputation it holds all over the globe. The U.S military is one of the finest in the world because of the training they put in and also because they have high budget for their army which includes; Ground force, navy and air force. U.S invests in high technology in artillery to make their forces stronger.