South Korea still is repelling foreign investors

Article Abstract:

South Korea needs to get over its xenophobia and learn to accept the fact that along with foreign investments come foreign participation in the conduct and management of business, if the country is ever to speed up its economic recovery. Fear of foreign control has pervaded South Korea's work culture, manifesting itself in the manner of corporate rescues and worker strikes, all of which are of the goal of retaining South Korea's control over vital industries. South Korean citizens and policy makers must realize that embracing capitalism also entails a number of pains that the free market imposes on participants, such as the reality that investors need to find a well-managed firms with which to park their investments.

Administration of Urban Planning and Community and Rural Development, Economic Development NEC, Social aspects, Foreign investments, Economic policy, Economic development

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FIFA misses goal with World Cup choice

Article Abstract:

The International Federation of Assn. Football (FIFA) decided to make South Korea and Japan co-hosts of the 2002 World Cup. The decision seemed amicable at first glance since Japan can provide sophisticated facilities to the event while South Korea boasts of the most powerful soccer contingent in Asia. Given the long animosity between the two nations, however, the decision could bring forth a wide range of political and culture problems. In addition, it is yet unknown how South Korea's hosting of the event would affect its relations with North Korea. In the end, the FIFA's compromise only manifests its lack of courage in the face of pressing international issues.

Management, Japan, International aspects, 2002 AD, World Cup (Soccer), International Federation of Association Football

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In Philippines, debate over cha-cha is superficial

Article Abstract:

The debate over charter change in the Philippines has not gone beyond electoral politics and personalities to discuss more pressing issues as political stability and economic development. Charter change, nicknamed cha-cha, would enable Pres Fidel Ramos to run for a second term but has been heavily debated as filipinos worry about another dictatorship in the making. The issue of charter change should bring about venues to discuss economic development and stability but debates have so far focused on electoral politics.

Politics NEC, Interpretation and construction, Political aspects, Philippines, Politics, Constitutional amendments

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