Another concern about chaebols is that consolidating significant market resources into these conglomerates puts the economic stability of South Korea at risk should they fail. Samsung has grown to represent more than 20% of thegross domestic product(GDP) in South Korea.2 Chaebols are often accused...
192South Sudan0.381 191Central African Republic0.387 189Niger0.394 189Chad0.394 188Mali0.410 Limitations of the HDI There arecriticisms of the HDI. It is a simplification and an admittedly limited evaluation of human development. The HDI does not specifically reflect quality-of-life factors, such as...
China’s recent post-COVID-19 reopening is driving a consumer rebound, supporting regional and global growth. We expect China’s economy to grow 5.8 per cent in 2023, up from 3.0 per cent in 2022. Household consumption is likely to contribute 4-4.5ppt to this year’s GDP growth, up fro...
The second variable is trade openness (TO), which is measured by total trade as a % of GDP. The existing literature has reported its destructive role in the process of enhancing EQ with the assistance of mitigating the level of CO2 [74,75]. It is suggested that domestic trade liberalizatio...
47% of GDP 237.6% of GDP Also known as government debt or national debt, public debt refers to the sum of all government borrowings owed to lenders within the country. inflation rate 2% 2.5% The inflation rate represents the annual price increase for goods and services, indicating a decrease...
Yang, Y., Greaney, T.M.: Economic growth and income inequality in the Asia-Pacific region: acomparative study of China, Japan, South Korea, and the United States. J. Asian Econ. 48, 6–22 (2016) Article Google Scholar Zhou, Q., Shi, W.: How does town planning affect urban-rural...
The Bank of Korea (BoK)’s 2025 GDP growth forecast stood at 1.9% and the 2026 forecast is at 1.8%3. The BoK could continue its current easing cycle should political uncertainty weigh further on domestic demand. Fiscal spending may also pick up to arrest any weakening growth prospe...
Japan is an East Asian country located in the Pacific Ocean. Japan is composed of four main islands and over 6,000 smaller islands. As of 2017, Japan's GDP gave it the third-largest economy in the world, with a total nominal GDP of about 4.88 trillion dollars....
Currently, China is 2nd, India 5th, Russia 8th, Brazil 11th, and South Africa 37th in global GDP rankings2. If they’re not already on your international growth radar, they should be… The BRICS today: expanding membership and a Saudi Arabian “power move” In early 2024, BRICS w...
South Korea: $86.2 billion (6.3%) Japan: $81.1 billion (6%) The United States, in fact, is both an importer and an exporter of crude oil, importing about 6.28 million barrels a day from other countries, while at the same time exporting about 3.58 million barrels a day (as of 2022),...