...here this morning to speak about the future of U.S.–Korea cooperation. Of course, our bilateral relationship does not take place in a vacuum. We are members of the rising Asia-Pacific community. Economically, Asia itself already accounts for more than one-quarter of global GDP. Over the next five years, nearly half of all growth outside the United States is expected to come from Asia. This growth is fueling powerful geopolitical forces: China’s ascent, Japan’s resilience, an eastward-looking India, Southeast Asian nations more interconnected and prosperous than ever before, and of course the rise of a “Global Korea.” President Obama has made U.S. engagement in the Asia-Pacific region a priority. We have already begun a strategic rebalance of diplomatic, economic, and security investments in Asia. And America’s 60-year alliance with Korea is a lynchpin of that strategic rebalance. 60 years. 60 years of peace and stability. 60 years of hard work and economic growth. 60 years of partnership and shared prosperity. This year marks the 60th anniversary of the U.S. – Korea Mutual Defense Treaty, the armistice, and the formation of the American Chamber of Commerce in Korea. As we celebrate 60 years of partnership and shared prosperity, we are also upgrading important aspects of our partnership – what I call the four pillars. Security The first pillar of our partnership is clearly our shared commitment to security on the peninsula, as evidenced by the more than...
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...Introduction For a long time, India has viewed its sphere of influence as stretching far beyond the subcontinent itself but has had little ability to project this influence beyond its borders. It is only in the last few years that India has been able to become more influential both in the surrounding regions and the world at large. This was mainly anchored on its ‘look east policy’ initiated in the early 1990s that saw the country focus on the East Asia and Pacific regions as an economic framework for expanding ties and promoting economic growth. With the new expanded strategic vision – “Look East” policy 2, India has broadened the definition of its security interest in its strategic economic endeavors. It is generally seen that India’s partnership with ASEAN have had an impact on India’s economic, political, and security related involvement ‘in these larger, concentric coalitions around ASEAN…in East Asia and in the Asian Pacific’ (Gujral, 1996, p. 12). The look east policy has integrated a larger regionalization framework and strategy encompassing the Asia Pacific issues (Scott, 2007). WE ARE TECHNOLOGY THESIS EXPERTS! ORDER NOW! WWW.UKESSAYHUB.COM The Indians-ASEAN links do not only have economic frameworks but strategic underpinnings as well. As Scot (2007) has indicated, china has been a factor in all of the India’s initiatives albeit blurred in economic progressions. Some analysts have argued that the growing Chinese economic and military influence in Asia...
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...Trace and explain the relationship between the USA and the USSR during the Cold War period. The Cold War referred to the hostility the US the USSR, in the post-WWII period, but no ‘hot’ war was ever fought between the two superpowers directly. From 1947-1991, the relationship of the US and the USSR can be periodized into four stages. When it was very tense – during early years and following Soviet invasion of Afghanistan, there were conflicts and confrontation. However, when it was not so tense – during détente and in its twilight years, there was communication and cooperation. During the period 1947-1962, the relationship between the US and the USSR was poor and there was much tension between them. The two superpowers treated the other as a threat and an enemy too. As a result, they challenged or competed with each other in different aspects. In 1947, the US announced the Marshall Plan, to help Europe recover from the war, believing that poverty provided a hotbed for communism and that a prosperous Europe was crucial to check the spread of communism in Europe. The USSR condemned it as dollar imperialism and prohibited the Eastern European countries to take part in it. Most crucially, to counteract the Marshall Plan, the USSR provided the Molotov Plan to aid the countries of Eastern Europe. In short, both the US and the USSR were competing with each other by providing economic aid to strengthen the ties within the capitalist bloc and the communist bloc...
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...Global Business Cultural Analysis: Republic of Korea Abstract The purpose of this paper is to provide information to business professionals about the Republic of Korea, the Korean culture, and the peculiarities of conducting business in this country. The topics discussed include a brief historical background about the nation, its dimensions of culture, how these elements are integrated by Koreans, and a comparison between these characteristics and American culture and business practices. The paper examines the implications for US firms wishing to do business in Korea using Hofstede’s Dimensions of culture, a SWOT analysis, and FDI analysis. Keywords: culture, religion, Confucianism, innovation, export, KORUS FTA Historical Background of Korea The Republic of Korea (ROK) is commonly known as South Korea. For the remainder of this paper, the ROK will be synonymous with "Korea". Korea is located in northeast Asia on the Korean peninsula between the Yellow Sea and the Sea of Japan. It borders the Democratic People's Republic of Korea (DPRK), also called North Korea (nK), immediately to the north, across the 38th parallel. Korea's total land area is nearly 62,000 miles, slightly larger than Indiana (www.cia.gov). It has an ethnically homogeneous population of over 49 million people, 83% of which live in urban areas (www.cia.gov). According to legend, Korea's birth as a nation was in 2333 BC with its early inhabitants coming from and heavily influenced by China...
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...Gray | | Davante Henderson | 4/30/2015 | | Davante Henderson Professor Gray HIST 1120-102 30 April 2015 The Cold War “We have to get tough with the Russians. They don’t know how to behave. They are like bulls in a china shop. They are only 25 years old. We are over 100 and the British are centuries older. We have got to teach them how to behave.”-Harry Truman, 33rd President of the United States. The Cold War was a period of East-West competition, tension, and conflict short of full-scale war, characterized by mutual perceptions of hostile intention between military-political alliances or blocs. The U.S. struggle to contain Soviet communism worldwide resulted in what came to be known as the "Cold War". Although full-scale war between the U.S. and Soviet Union did not occur, two major wars, (Korea and Vietnam), and many smaller conflicts occurred between 1946 and 1991 over the battle between democracy and communism. The Cold war was a product of many social and political reasons, a few but not limited to: The portioning of North Korea and Germany, the Marshal Plan, the Berlin Blockage and NATO. I’ll begin my explanation with the Yalta Conference, held in Yalta in February 1945 where Roosevelt, Stalin, and Churchill planned the final stages of World War II and agreed to the territorial division of Europe. “At Yalta, Roosevelt and Churchill discussed with Stalin the conditions under which the Soviet Union would enter the war against Japan and all three agreed that, in exchange...
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...Economic Reform in South Korea: An Unfinished Legacy by Marcus Noland, Peterson Institute for International Economics Paper prepared for the conference "Korea as a 21st Century Power" University of Cambridge April 3-6, 2002 © Peterson Institute for International Economics Introduction Since 1997 South Korea has been on an economic and political roller coaster. Between 1997 and 1998 forecasts of annual economic growth swung from +7 percent to -7 percent, and the country elected Kim Dae-jung, former dissident, future Nobel Peace Prize winner (and University of Cambridge honoree), and avowed economic reformer, president. However President Kim's weak electoral position—he was with only a plurality of support and forced to form a governing coalition with an ideologically dissimilar conservative party—and the continuing regional nature of South Korean politics have impeded the formation of a stable political coalition in favor of reform. Today, despite the enormous political power granted to the executive under the South Korea constitution, Kim is effectively a lame duck. Constitutionally limited to a single term, he confronts a hostile national assembly controlled by the political opposition, his personal popularity has fallen below 30 percent, and his party is trailing in public opinion polls in the run-up to December's presidential elections. Yet in spite of these challenges, a hundred other countries would envy the forecast of 5 percent growth and five percent unemployment...
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...COLD WAR & World Leadership Wartime Peace Conferences (1945): • Yalta Conference - Peace conference held between Churchill, Roosevelt and Stalin in order to establish the goals of WWII. They agreed to try people in Japan and Germany and the creation of the United Nation ( a world peace organization created in order to prevent further world wars. It created 6 offices all of which worked collectively to regulated political and economic affairs, promote peace and human rights.) Stalin promised to hold free elections in Poland after the war ended, but he never kept it. • San Francisco Conference - the 50 nation's delegates agree upon allowing 2 soviet satellites and the Soviet Union a seat in the UN. Iron Curtains - used to describe the boundary that separated the Warsaw Pact countries (Soviet and its satellites) from the NATO countries (North Atlantic Treaty Organization - created in order to encourage economic flow and alliances.) Cold War (1946-1989) - war of ideas waged between the US and the Soviets, in which each nation attempted to influence the political and economic views of another nation. They used weapons such as: • propaganda - advertisement • economic and military aid (Marshall Plan under Truman provided aid to nations that would remove trading barriers and cooperate economically; Truman Doctrine provided military and economic aid to Greece and Turkey) • alliances - military agreement to protect each other against another's aggression...
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...A very critical advantage that has aided the population is the spread of education. With numerous educational institutions around the globe, one can move out from the home country for better opportunities elsewhere. Thus, integrating with different cultures, meeting and learning from various people through the medium of education is all due to globalization. Developing countries or labor-intensive countries have benefited the most. ❖ Product Quality The onset of international trade has given rise to intense competition in the markets. No longer does one find limited number of commodities available. A particular commodity may fetch hundreds of options with different prices. The product quality has been enhanced so as to retain the customers. Today the customers may compromise with the price range but not with the quality of the product. Low or poor quality can adversely affect consumer satisfaction. ❖ Cheaper Prices Globalization has brought in fierce competition in the markets. Since there are varied products to select from, the producer can sustain only when the product is competitively priced. There is every possibility that a customer may switch over to another producer if the product is priced exorbitantly. 'Customer is the King', and hence can dictate the terms to a very large extent. Therefore, affordable pricing has benefited the consumer in a great way. ❖ Free Movement of Capital Capital, the...
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...development.” (Globaled, p.1). Dating from the Japanese occupation of South Korea , from 1910 thru 1946, then the division of the peninsula enforced by the United States of America and the Union of Soviet Socialist Republics after Japan’s unconditional surrender during WWII; the Republic of Korea (ROK) had gone throughout drastic changes in its social, economic, and political structure, but in the 1960s, under the regime of Park Chung Hee, the Korean government implemented measures to increase export and decrease the import of foreign goods and at the same time nationalized banks, and persecuted South Korean business leaders for profiting from the corruption in the South Korean government. During this period South Korea woke up to a dawn of industrial revolution that changed the economic future of the Peninsula. Park started what would take the ROK from a agricultural economy, to one of the world’s largest economies. Although the Japanese government had put in place some infrastructure to developed the Korean Peninsula during the Japanese occupation from 1890’s to 1945, these infrastructures were solely for Japan benefit. “Many economists think it developed into the world’s 11th largest economy by following the model of the world’s second largest economy just next door – Japan.” (Korea, 2001). Park’s administration developed and adapted the Japanese economic system they had introduced in South Korea since the 1920, the “Zaibatsu”. The Korean version is called “Chaebol”...
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...Government and Politics 5 Foreign Relations 6 Economy 6 Imports and Export 7 Imports 8 Export 9 Business Opportunity 10 Making the Opportunity Work 13 Recommendations 14 Declaration 16 Works Cited 17 Executive Summary Japan is a country east of South Korea, China, Russia and North Korea. It consists of 6852 islands. The country’s authority is vested in the monarchy. There is an Emperor, who is a ceremonial figure. The country has two parliaments, i.e. the House of Representatives and the House of Councilors. Japan has strong foreign relations being a member of the APEC, G8 and ASEAN. It has been a member of the United Nations since 1956. It is the third in the world as far as the national economy is rated. Japan’s main imports are raw materials, fuels, machinery and equipment, textiles, chemicals and foodstuffs. Its main import partners are the United States, Saudi Arabia, European Union, China and United Arab Emirates. The country’s main exports are motor vehicles, office machinery, semiconductors, scientific and optical equipment and other electronic components. It exports products to the United States, European Union, South Korea, Hong Kong, China and Taiwan. The idea is to start a company and locate it in one of the African countries. This company will be involved in the purchase of Japanese products and supply to the African market. This means that the company will be a main source of import in Africa and a recognized...
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...As history has shown, foreign policy makers are faced with the daunting challenge of selecting the appropriate mix of policy instruments such as diplomacy, economic sanctions, military power, etc. De’tente sought to engage the Soviet Union and China in diplomatic dialogue that would eventually transform their relationship with the U.S. from one of competition and open distrust to one of limited cooperation and muted conflict. Reduced tensions from the Nixon administration eventually led to the signing of the Strategic Arms Limitation Agreement with the Soviet Union that ultimately occurred during Carter’s administration. Given China’s influence in the Asia-Pacific, the United States should continue diplomatic outreach to China while being sensitive to U.S. involvement in territorial disputes not vital to U.S. interests. There exists an effective balance in maintaining world order while developing relationships with our allies and...
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...South Korea has been politically stable since becoming a democratic state. However, its relationship with North Korea continues to present a strong challenge. South Korea fell into a brief financial crisis in 1997 due to structural weakness in the banking sector, however strong economic and financial reforms quickly countered the downturn and put the country back on a growth path by the following year. With the opening up of markets after the financial crisis in 1997, the country became one of the largest technology markets in the world. As far as social issues are concerned, the country has low population growth and fertility rates, leading to an ageing population. Furthermore, the country has a highly qualified labor force, which makes it possible to both produce and commercialize advanced technologies. The country is also well equipped with extensive broadband network and telecommunication facilities. Legal procedures in the country are time consuming and complex, which makes it very difficult for foreign investors. The environmental scenario of the country is characterized by the breach of emission standards, which is reaching unreasonable limits in spite of its relatively small area and population in comparison to other countries. Republic of Korea: Country Analysis Report – In-depth PESTLE Insights © Datamonitor. This brief is a licensed product and is not to be photocopied Published 06/2008 Page 11 PESTLE analysis Political analysis Overview South Korea had...
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...PESTLE analysis PESTLE ANALYSIS Summary South Korea has been politically stable since becoming a democratic state. However, its relationship with North Korea continues to present a strong challenge. South Korea fell into a brief financial crisis in 1997 due to structural weakness in the banking sector, however strong economic and financial reforms quickly countered the downturn and put the country back on a growth path by the following year. With the opening up of markets after the financial crisis in 1997, the country became one of the largest technology markets in the world. As far as social issues are concerned, the country has low population growth and fertility rates, leading to an ageing population. Furthermore, the country has a highly qualified labor force, which makes it possible to both produce and commercialize advanced technologies. The country is also well equipped with extensive broadband network and telecommunication facilities. Legal procedures in the country are time consuming and complex, which makes it very difficult for foreign investors. The environmental scenario of the country is characterized by the breach of emission standards, which is reaching unreasonable limits in spite of its relatively small area and population in comparison to other countries. Republic of Korea: Country Analysis Report – In-depth PESTLE Insights © Datamonitor. This brief is a licensed product and is not to be photocopied Published 06/2008 Page 11 PESTLE...
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...Grace Lee 105 Korea The Political Philosophy of Juche Grace Lee Introduction The political philosophy known as juche became the official autarkic state ideology of the Democratic People’s Republic of Korea (DPRK) in 1972.1 Although foreign scholars often describe juche as “self-reliance,” the true meaning of the term is much more nuanced. Kim Il Sung explained: Establishing juche means, in a nutshell, being the master of revolution and reconstruction in one’s own country. This means holding fast to an independent position, rejecting dependence on others, using one’s own brains, believing in one’s own strength, displaying the revolutionary spirit of self-reliance, and thus solving one’s own problems for oneself on one’s own responsibility under all circumstances. The DPRK claims that juche is Kim Il Sung’s creative application of Marxist-Leninist principles to the modern political realities in North Korea.2 Kim Il Sung and his son Kim Jong Il have successfully wielded the juche idea as a political shibboleth to evoke a fiercely nationalistic drive for North Korean independence and to justify policies of self-reliance and self-denial in the face of famine and economic stagnation in North Korea. Kim Il Sung envisioned three specific applications of juche philosophy: political and ideological independence, especially from the Soviet Union and China; economic self-reliance and self-sufficiency; and a viable national defense system.3 This paper begins with a discussion of the three...
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...* Israel (political sympathy for war in Gaza, boost national morale) * Philippines (1966 – 86) under Marcos * Marcos family was the richest in the world * To meet the needs of Marcos New Society – new image of the country. Created hotels with cheap material that caused building chippings * Korea and Taiwan * Korea was divided into North/South Korea in WWII * Political legitimacy, economic boost * Socialist Governments * Consistent with the pursuit of national ideologies * Social tourism Example of Political Use of Tourism: Chavez Video Clip: Why did Chaves want to create a new dependency? * For tourist attraction * Natural gas * Claiming the land before US could claim their land for natural resource * Chavez wanted to create a territorial protection of natural resources Vietnam cancels trips over oil rig row * Territorial dispute (have to see if there’s any natural resources under the ocean), countries stopped sending tourists * Chinese tourists to Japan were called ‘traitors’ because of oil (natural resource) claim * With tourism in mind Kenya Government invested in major security upgrade * Pirates in Somalia kidnapped two British couples and asked for ransom Canada to Begin Collecting Biometrics: * Fingerprints, iris scanning (unique to individual), face matching, chip passport, of...
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