Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
North Korea and South Korea: Different Perspectives on Globalization and Its Effects History: Korean War Soviets and Americans decide to divide Korea into their own sphere of influence Post WWII North (U.S.S.R) and South (U.S.) 1948 Kim Il Sung took initiative to invade the South (1950-1953 Korean War) War ends ends in stalemate: “Cease Fire” 38th parallel, DMZ (Demilitarized Zone) Both countries are ruined in the similar manner Ideal comparison Each embraces different ideology: totalitarian –Communist North Korea Authoritarian- Democracy South Korea Path to Globalization Following the Korean War, a decade of political turmoil begins First President Syngman Rhee ousted from office (1960) rigged elections for vice president cause student riots Democracy not initiated military coup d'état, Park Chunghee takes over Park Chunghee begins to build South Korea into economic power stability but still not democratic tool: chaebol Chaebol System (Illegal in U.S.- Anti Trust laws) Conglomerate Organization large corporation with many unrelated subsidiaries centrally planned though privately operated lack of input from minor shareholders-FASTER ACTING financial security for all companies involved Park’s Economic Plans for Chaebols creation of export-oriented industries Clothing Automobile creation and fostering of heavy industry maintenance of anti-union behavior Keep wages low Keep prices low protection of domestic market (Tariffs) chaebols are major force in the South Korean economy Top Chaebols in South Korea Hyundai Automobiles Engineering, construction, shipbuilding and industrial activity Finances Samsung Electronics Petrochemicals Construction (Petronas Towers in Malaysia) LG Home appliances and electronics Petrochemicals and chemicals History: North Korea After WWII Kim Il Sung controls Nationalization versus Chaebol “people’s” property versus the highly private chaebol while abuses in both, higher standard of living obvious only in one Juche (self-reliance) closed all capital flow "the hermit kingdom” Militarization versus Chaebol to secure power Kim Il Sung diverted a third economy for military instead of economic reform (South Korea, 3%) 22 million population, 1.2 million military wastes the most able-bodied men of society with unproductive job famines every year, starving people North Korea: Economics Refusal to join global markets lower standard of living police state: complete lack of democratic institutions army needed for government’s lacking legitimacy: massive famines PROPOGANDA Notable exceptions to global markets Drugs (Opium) Arms Trade Nuclear to terrorists? Significant portion of GDP used for making the military bigger, not food