Is Korea Fully Aware Of Crisis Clock?
Submitted by hazzi on July 3, 2009
Category: Other Topics
Words: 272 | Pages: 2
Views: 66
Popularity Rank: 9749
Report this Essay
JOIN OR LOGIN TO VIEW THE ENTIRE ESSAY. IT'S FREE!
Maeil Business Newspaper’s analysis on a crisis prediction model constituted of 17 economic variables found the Korean economy’s crisis clock pointing at 21:10. The crisis clock had earlier pointed at 19:00 in July this year, yet blinking the warning signals, but the clock has now entered into the crisis warning time (21:00~23:00). However, it is questionable whether our society is being fully conscious of the warning signals. The reason behind such doubt is spread psychologies to try to endure the crisis bearing groundless optimism that the nation won’t face the worst case or obscure expectations that the government will be eventually put in a position where it should inevitably resolve problems in the nation. The government is continuously urging local banks to aid domestic constructors and small- and medium-sized enterprises, and support exports and households. Such action of...