Korea as global trading power
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South
Korea is expected have over $1 trillion exports and imports this year becoming
ninth country to do that. Korea changed from developing nation to developed
nation between 1970 and 1990, overcame Asian market crisis in 1990s, and become
OECD member. The President Park Chung-hee's firm leadership and encouragement
to big corporations paved way to big conglomerates to take control of business
sector. As a result, Korean brands, such as Hyundai and Samsung, are well known
around the world. But, many small and medium-sized enterprises (SMEs) had been
swallowed and pushed by the big ones. SMEs have big advantages to conglomerates
and the government need fix this to further development of country (or $2
trillion in foreign trade a year)
There are some movies in which the
corporation governs the world. Unfortunately, it is true that the fiction
sometimes becomes reality. In today's world which is more powerful than other
one? State or corporation? Facebook has more up to date
information about people's private information, such as interests of each
person, friend's connections, personal pictures, and current trends in
countries. It would super expensive, or almost impossible, for states to build
such database. Google knows what hot issues are taking public attention in
every country and can manipulate search results for every person. Big banks are
too big to fail and directly connected with state finance. Some big
corporations are more wealthy than most of the states. Moreover, most talents choose
to work for those big corporations which provide a stable job, a high salary, a
good environment and the best technology. Because corporations have talented
workforce and technology, they develop quicker and more flexible than states.
In addition, state's main income comes from Tax Revenue. If the FTA is made
between all countries, the trade tax would be basically eliminated. There would
no limit to corporations. They can grow bigger than their mother countries.
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