Korean Job Discussion Forums

[Summer Wine]

For all the business grads, if things turn out as they predict, who do you think it will turn out for us living in Korea?

Quote:

But the new euro crisis has dampened those hopes. And it could get worse. The renewed problems of the southern eurozone countries means that they will sharply be cutting imports. Last year, Spain, Italy, Greece, Portugal and France between them accounted for 20 percent of the world's total trade deficits. And China accounted for 26 percent of the world's total trade surpluses. If the euro southerners stop buying, China hurts. This is why some heavyweight economists like Professor Michael Pettis of Beijing University's Guanghua School of Management are suggesting that the euro won't survive in its current form; that the European crisis will be accompanied by a global trade shock; and that "this is the Big One." Pettis explains this as follows: "The current set of crises, beginning with the sub-prime crisis in the U.S. and spreading throughout the world, is not a short-term liquidity crisis like LTCM, the Asian Crisis, or the Mexican crisis of 1994. I think this is likely to be one of those big events, one that represents a major readjustment in the world during which time the massive imbalances that had been built up during the long globalization cycle that started around the late 1980s and early 1990s are finally worked out. Not only will Greece, in other words, get worse, but it is by no means the end of the crisis. A lot more countries in Southern Europe, Latin America and Asia are going to be caught up in this before it ends."

http://www.upi.com/Top_News/Analysis/2010/06/28/Walkers-World-The-real-world-cup/UPI-78811277721120/

[caniff]

Prediction: We will continue to be disparaged in the media regardless of global economic trends.

[chellovek]

[blomkvist]

Koreans are go-getters, hard working, and cute. they will be fine.

[caniff]