1. Introduction
The word BRICs first appeared in 2003 by Goldman Sachs. It is consisted of Brazil, Russia, India, and China. These four countries were and still are receiving big attention as emerging economies from 1990’s. They commonly have huge territory, population and abundant underground resources. Among them, Russia recently held big sporting events such as World Championship in
largest gold market in South Korea jungno-3ga for observation (see figure1 in appendices). The interviews were conducted with a focus on demand of gold between 9 April and 29 April 2012. Our group also made observation at amount of big jewelry shop in Jongno-3ga to gather the information about the floating population, customer type, product for sales, and market price of gold in 9 April 2012.
huge reserve (US $514 bn in Sept'04), a stronger Yuan and government loosening the control on capital outflow, it will be economically rewarding to invest abroad. On the other hand, Chinese firms may desist from investing abroad if they fear further depreciation may not provide required rate of return. In short run, they prefer to wait before dollar depreciates before making investment.
Table above notice not economically active population is rise gradually 2000 is 14million and 2009 is 15million. People who just rest population which contained not economically active is gradually rise. (2003 is nine hundred thousand and 2009 is 1million and four hundred thousand)
People who prepare getting job is also rise rapidly rise. People who prepare getting job is after graduate college
Communist single-party dictatorial government (1949- )
2nd biggest economic power in the world
One of the fastest growing countries (2010 GDP: ↑10.3%)
GDP : $5.7 trillion / Population: 1.3 billion
Vietnam: kept concentrating on agriculture
China: turned to manufacturing & service