AN INTERNATIONAL COUNTRY CASE STUDY OF SOUTH KOREA

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PREPARED BY

INTERNATIONAL TRADE & ECON 470

Table of Contents
Introduction 1
International Trade Theory 3 Revealed Comparative Advantage 3 Resource Endowments 3

RCA VS Technology Resource Endowments 6

Implication 3

International Trade Policy 4 Tariff Policy 5 Government Corruption & International Trade Policy 6 Implication 3

International Monetary System 1 Balance of Payment 3

Currency Value 3

Implication 1

Conclusion 1

Suggestions for Further Research 3

Work Cited 5

APPENDIX

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Introduction

Overview of South Korea

South Korea is formally known as the republic of Korea is a country in East Asia. The country covers a land area of 99,392 Km square and a population of 49.3 million. The country constitutes the southern part of the Korean Peninsula. South Korea is a developed nation ranked at position fifteen. In terms of education, the country is not left behind as it ranks highly in terms of providing high quality education to its citizens. Proper and quality healthcare facilities are also available in the country.

South Korea is my country of choice because I got attracted by the efforts the country has put into place to grow from the world poorest country to be among the largest countries in the world economically. South Korea has a highly valued culture, although development has influenced the culture of the country, people are still trying to maintain their roots by conserving the existing events such as celebrating the new year twice since the country follows two different calendars, that is lunar calendar and the calendar used by western