The Korea foreign trade has brought about the structural changes in having carrying out 6-economic development plans.
The problems with trade structure can be said to have been due to changes in international economic environments, but the fundamenta...
The Korea foreign trade has brought about the structural changes in having carrying out 6-economic development plans.
The problems with trade structure can be said to have been due to changes in international economic environments, but the fundamental factors are said to have been due to the growth-oriented economic policies and pessimistic view of the world economy.
In the 1970's the world economy has suffered much difficulties. In other words, it has really assumed highly complicated aspects such as twice oil shocks, nationalism of resources, new protectionism, and regionalism.
Therefore, the Korean foreign trade must be based on the stable growth and natural view of the economy. The betterment of ratio of trade to GNP, improvement of foreign exchange earning ratio, and diversefication of overseas markets must be accomplished.
There should also be new changes in the internal and external aspects such as improvement of consumption patterns, settlement of export trde order, and betterment of competition among non-price sectors.