Here Lies the Solution to Economic Recovery!!

Discussion in 'Economy' started by xomputer, Jan 10, 2011.

  1. xomputer
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    xomputer BANNED

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    US, Europe and Asia were all struck hard by the subprime mortgage crisis of 2008, and many were preparing for the worst - devastating worldwide recession similar to that of the 1930's.

    Despite all the pessimism however, South Korea quickly recovered from the recession by dismantling trade protectionism, reforming international financial systems and institutions, advocating and strengthening global financial safety net, and expanding foreign currency reserves.
    Such economic policies implemented under President Myung-bak jLee powered South Korea's strong rebound from recession with an annual economic growth rate of 5~6%.
    We should take a closer look at South Korean economic policies and their implementation before we take measures to end the ongoing recession.
     
  2. DF345
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    DF345 Rookie

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    No recovery shall happen with the labor 'problem'.

    The remaining pillars will soon be ONE.
     
  3. loosecannon
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    loosecannon Senior Member

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    I personally long for the day when manufacturing enterprises consist of an equal number of CEOs, robot handlers and accountants.

    Why it takes more than 15 people to run a firm like General Motors is a mystery and a disgrace.
     
    Last edited: Jan 10, 2011

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