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eaglenovan
Joined: 02 Feb 2003
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 Posted: Mon Jul 17, 2006 2:12 pm Post subject: Joongangdaily - letter to editor |
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Last edited by eaglenovan on Wed May 16, 2007 9:15 pm; edited 1 time in total |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Mon Jul 17, 2006 2:20 pm Post subject: |
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| During a period of enforcement of this law a few years ago |
You missed the second line of the response. It's the operative phrase in the answer. Laws are only sporadically enforced here. Possibly the most famous example: drinking and driving. From time to time the cops will announce that for a week from X o'clock to Y o'clock at Z intersections, the law will be enforced. |
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mindmetoo
Joined: 02 Feb 2004
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| Posted: Mon Jul 17, 2006 3:29 pm Post subject: |
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| I have noticed that that answer section doesn't really provide anything in the way of actual answers. Not enough cops? That's a crazy answer. They've got a huge pool of underweight draftees they make traffic cops and subway guards. |
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eaglenovan
Joined: 02 Feb 2003
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| Posted: Mon Jul 17, 2006 4:02 pm Post subject: Joongangdaily - letter to editor |
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Last edited by eaglenovan on Wed May 16, 2007 9:08 pm; edited 1 time in total |
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dogbert
Joined: 29 Jan 2003
Location: Killbox 90210
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| Posted: Mon Jul 17, 2006 6:53 pm Post subject: |
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| It's not just Koreans ... that's been a problem in many U.S. cities for a long time and it only abates when you literally have cops sitting at intersections writing $100+ citations. |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Mon Jul 17, 2006 7:16 pm Post subject: |
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| Korea is getting left behind, and if it keeps up with these actions, the only one they are hurting will be themselves. |
While there are definitely some frustrating things here, I find it hard to believe Korea is being 'left behind'. In my time here, they've climbed from something like 18th to 10th in some kind of economic rating. |
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eaglenovan
Joined: 02 Feb 2003
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| Posted: Tue Jul 18, 2006 1:54 pm Post subject: Joongangdaily - letter to editor |
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Last edited by eaglenovan on Wed May 16, 2007 9:08 pm; edited 1 time in total |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Tue Jul 18, 2006 2:20 pm Post subject: |
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Why is there a rush out of Korea to produce items in countries with less pay ? Korean companies can't wait to get into Kaesong and get those really cheap wages paid to the NK's.
With all the outsourcing of jobs, who will be working here ??? |
Why? For the same reason it has been happening in the US for decades. Once wages in a country rise to a certain level, businesses start moving out. Remember Ross Perot's reference to that great big sucking sound of American jobs moving to Mexico? Korea's jobs are moving to China, and they hope, North Korea. In their place, Korea is developing value-added products. Think Korea Wave, for example. The road to transforming its economy is just as rocky for S Korea as it is for the US and anyone else doing the same thing. It's not a sign of being left behind at all.
I do agree with the other part of your post. It is irritating for Korea to brag about being #10 and then ask for under-developed country status. They want their cake while they eat it. They've been playing this game for years. |
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cerulean808
Joined: 14 Mar 2006
Location: Seoul
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| Posted: Tue Jul 18, 2006 4:29 pm Post subject: |
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eaglenovan
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| If the FTA with the US does not go through, I would not be surprised to see the US slap import duties on Korean items...In the WTO they have a phrase for countries that sell items cheaper in another country than their own - it's called dumping .....You can't be telling me one day, you're the big dog on the block, and next week ask me for subsidies .... |
It's not 'cheaper than [in] their own [country]' but 'below cost' which is dumping. Most economists view dumping duties as protectionism as the idea of a business selling its product below cost is simply not rational.
You're being hypocritical (don't worry you have lots of company). The West has indulged in massive subsidisation of its industries or otherwise interfering with price while convincing and/or strong arming weaker developing nations into exposing their economies.
Example of US special interests interfering with trade:
1994, price of aluminum nosedives due to global slow down, new can technology, cutback in Russian use of aluminum for military aircraft. U.S. aluminum producers accused the Russians of dumping. They weren't, they were selling at the international price which had declined for the reasons above. Alcoa decided to aim higher than merely block Russian access to the US market. That would do nothing to increase the international price. However an international cartel would do the trick, as output is restricted, artificially increasing market price.
Alcoa won out in the struggle over creating the cartel. Prices went up, consumers lost. Worse was the impact on Russia. A country transitioning from command to market economy gets taught the wrong lesson. The quantitative restrictions imposed by the cartel gave more power back to the old line communist ministries. Each country would get a production quota, these ministries would control who got the Russian quotas. Just like the good old days! But with crony capitalism thrown in the mix. |
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