1. Legacy of Colonial Period and Geopolitical Importance
Colonial Legacy and Institutional Structure
The Philippines reformed their institution and system by Spain and the United States during the colonial period. However, the US failed to make an efficient administrative organization.
South Korean institution was highly influenced by Japan and US army military government. => Japan st
한 나라의 경제 수준과 국민들의 생활 수준을 종합적으로 파악할 수 있는 지표가 필요한데 이를 나타내는 대표적인 지표가 바로 국민 소득이다.
국민 소득이란 한 나라 안에 있는 가계, 기업, 정부 등의 모든 경제 주체가 일정 기간에 새로이 생산한 재화와 용역의 가치를 시장 가격으로 평가하여 합
Difference with Solow model
In the case of Germany, before the World War it was being reached steady state.
According to the solow model,
the more it reached steady state, the slower the capital growth is,
so it shows low economic growth rate after the World war.
However after the war, as the accumulated capital was destroyed, capital stock was out of steady state and it grew fas
◆ Rice consumption per a person
In the Korea, rice consumption of farm region has decreased since 1986. And, urban region has decreased since 1971. In 2009, rice consumption reduced average 74kg in urban region. Rice consumption decreased initially in 1998 less than 100kg. Looking at periods, reduction rate of rice consumption was -0.13% in 1970s, -1% in 1980s, -2.6% since 1990s. Rate of red
- GDP percapital : Korea
In 1981, Korea's GDP percapital was about $ 10,000 but it increased continuously. It's already over the $ 20.000 and it is predicted that Korea would keep grow in the future.
- Major industry : Korea
The value of the Agriculture sector accounted for 3% of GDP. The agriculture sector of Korea was mainly based on crop production, animal husbandry,