Korea as a Middle Industrial Power

1 billion (The orb Bank, 1981), while that in 1989 approximated US$70.0 billion (International Monetary Fund, 1990).

Although the Korean government cooperates with industry in efforts to keep labor unions as ineffective as is possible, wage levels and employee benefits increased significantly in the 1980s. This development has caused some Korean manufacturers to consider a gaolbreak of production from Korea to lower labor cost countries. More often, however, the yield has been a drive for higher productivity through a move away from laborintensive manufacturing practices. Increased propsperity for workers has also led to a greater demand for domestic consumption, which has, in turn, caused some manufacturers to devoteincreased emphasis to the domestic Korean market.

This research examines Korea's exportationing patterns during the decade of the 1980s. Additionally, Korea's export experience is compared with those of other countries, twain highly-developed and developing.

Preview of the Remainder of the Study

The following chapter presents an examination of trends and patterns in Korean exports during the 1980s. Industrial sector emphasis, commodity patterns, and regional targeting are reviewed. Korea's export experience in the 1980s is analyzed in Chapter 3.

In this chapter also, the Korean export experience in the 1980s is compared with that of other countries, both developed and develop

The increase in knowlege, the increase in the accessibility of knowledge, and increased societal complexity go away likely 22cause postindustrial society to be farthest more turbulent than industrial society (Huber, 1984). In the scotch context, organizations will become far more efficient, as a result of their enhanced capacities for knowledge use. This enhanced efficiency representation that events in the lives of organizations will likely become shorter in period (Huber, 1984). Further, geographical and cultural "time buffers" will all besides disappear in postindustrial society" (Huber, 1984, 932). virtuoso result of the combined effects of all of these factors will be a much more dynamic society and thrifta far more turbulent society and economy.

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