Statement of Purpose - Essay Example

I felt proud of our growing financial status. The farm was everything that our family had and our lives completely depended on it. However, I realized that growth of our farm was greatly influenced by the ebb and flow of the world economy. In 1997, disaster struck Southeast Asia’s economy. South Korea was strongly affected by this crisis, and our government had to be bailed out by the IMF. Korea’s currency fell in value which slowed down the economy. Few people were buying or selling anything, and prices had destabilized.

As a result, our business suffered and we had to lay off two workers that my father had hired. Later, the news of a Free Trade Agreement between Korea and US, which would open up Korean markets to the US-imported beef, drove down the price of Korean beef. It was surprising to see that a simple anticipation could impact the Korean economy so strongly. Fortunately, my family’s hard work and proper financial management saved our farm. These difficult times convinced me that economy is a powerful and predictive language shared by the world.

The global economy is a complex web of cause and effect that influences everyone in the world. I learnt the value of understanding the interactions of international economy. Hence, my goal is to understand global economy. I aim to gain a deep understanding of how global economy functions, and help businesses and governments to make better decisions regarding their finances. A degree in economics from the University of California will help me in taking the first step towards achieving this goal.

Hence, I wish to take the course of ‘Introduction to International Business - Undergraduate Business Administration’ and ‘International Trade – Economics.’ These courses will help me in understanding international trade and business, and also in completing my research. The topic of my senior thesis will be ‘Globalization and success of Korean beef in the world.’ The research question that I wish to undertake is ‘Globalization and success of Kobe beef and Black Angus in the world’.

I will research ‘Globalization and success of Kobe beef and Black Angus in the world’ in English language, and ‘Globalization and success of Korean beef in the world’ in both, Korean and English. I plan to go to graduate school in Korea after completing my undergraduate