Buoyant export receipts give Japan's economy a boost

Article Abstract:

Japan's increased exports in 1996 raised its annual economic growth to 3.9% and may effect a decrease in the country's trade surplus with the US. Japan's 1996 current account surplus stands at $58.89 bil. The figure is 1.4% of Japan's 1996 GDP and is projected to reach 1.9% in 1997. The 1996 and 1997 GDP figures are below the 3% GDP ratio in 1993 that started the US clamor for Japan to increase economic growth by personal spending rather than by exports. Projections for the Japanese economy are favorable, with low oil prices and strong exports generating a 2.2% growth for 1998 and 2.5% to 3% growth for 1999.

Gross Domestic Product, Exports of Merchandise (+), Japan, Forecasts and trends, Economic development, International trade

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Politics still hurt shares of Korean business groups

Article Abstract:

The past forays of South Korean industrialists in politics have always prompted jittery investors to sell off their holdings in the companies controlled by these individuals. This phenomenon is in large part due to the tendency of South Korean leaders to use government power to retaliate against individuals who attempt to challenge them. This has resulted in a situation where business and politics are intertwined, with each having signifcant repercussions on the other.

Evaluation, Political aspects, Political participation

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Managers adopt western-style policies to boost productivity and competition

Article Abstract:

South Korean management is largely patterned after the Japanese model and both share many facets, such as lifetime employment and rigid corporate structures. However, an increasing number of South Korean companies are abandoning this model in favor of western management approaches. The trend is spearheaded by a younger generation of managers who are aware of Japanese management's flaws and are determined to avoid them.

Methods, Management, Korea, South

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