International economic relations - Essay Example

Download file to see previous pages... This supports its impressive economic achievements of 198.5% and -176.7% in exports and imports respectively. Previous recession, technology sector slump and disease outbreak lessons enabled it attain low rates of interests, growth in exports to achieve a great real GDP of 3.5% in 2013. Additionally, the government aims to establish a less prone to global cycles in IT products to avoid dangers of global recession.
Hong Kong is a free market economy that depends on international transactions. It boosts of a big GDP per capita of 52700 and strong external trading comprising 222.6% in export and 220.9% import GDP in 2013. These are possible through its continuous integration by china mainland that offers the main trading partner. South Korea has managed a credible economic growth integrated with global economies. Its GDP real growth of 2.8%, 54.6% and -50.8% exports and imports stem from close governance, import quotas and industrious labor force. These measures promoted raw material and technology imports, investments and savings (World Fact book of CIA, ...Download file to see next pagesRead More