In five pages this paper discusses how the economy of Korea is dependent upon the American economy in a disproportionate way which disrupts the trade balance. Three sources are listed in the bibliography.
Name of Research Paper File: TS14_TEuskore.rtf
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future patterns may be seen as the different balance of payment statistics and information that they provide. For example if we look at two countries, such as the US and
South Korea we can see how these two nations differ. All figures will be in billion unless indicated otherwise. The balance of payments may be seen as the difference
between inflow and outflow in economic terms. Where there is a deficit more capital is leaving the country due to higher import levels, than entering the country due to sales
and currency coming in. The US economy is the largest in the world, and it is often see as the most powerful. However, in looking more closely at it
we may find that this is not as strong and robust as we may assume, we may also consider the way in which the economy is bucking the advice it
gives many other nations in eliminating the balance of trade and payments deficits. If we look at the period between 1991 and 1999 where are some intrusting statistics.
For example. The economy between 2991 and 200 did show positive growth, not only in numerical terms, but in real terms, meaning that growth was greater than inflation. This growth
was 42.11% (Economagic, 2002). However, during this time there were increasing imports due to the impact of globalisation, the strength of the dollar and many other influences. This resulted in
the change on the balance of payments showing a very negative trend. The decrease was 512.74% (Economagic, 2002). The balance of payments on the goods and services we can see
that this has been in deficit for a long time, growing over the decade, starting at -$36,457 in 1992, increasing to -68,791 in 1993, -96,678 in 1994, -96,388 in 1995,