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8 Cards in this Set
- Front
- Back
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Facts |
HDI - 15 Population -48 million Density - 447 people km 2 GDP - 18xs north korea Unemployed -3% Urban -83% Literacy -98% ¥_ |
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History |
1960-labour intensive ( textiles) noe own transnational corporations Aid after civil war in 1950-3 1970- heavy indestries 1980- light industries, labour problems, rights violations, caused by €102 billion FDI growth in asia 1991- Nantong river pollutes by industry waste |
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Current situation |
Good pay and living conditions Meals deducted from wages No unions Race to the bottom |
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Special economic zone act |
No monthly or weekly paid leave due to 20% wage cuts |
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Hyundai |
55 hour working week 18 died due to work related diseased and accidents in 2002 Hours reduced to 53 hours a week in 2003 Working week reduced from 6-5 days a week |
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Busan |
3rd largest town Largest department store in the world |
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Before the war |
Country was on less than €64 per capita - less than the demographic republic of congo Had €60 billion in grants between 1946 and 78 The whole of Africa recieved €68.9 billion in the same time frame |
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Chaebols |
Focused on large businesses instead of following americas advice of focusing on small and medium businesses |
