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四小龙现状(Four dragons status)
Status of the four dragons in Asia
Since 60s of last century, South Korea, Singapore, China, Taiwan and Hongkong have implemented export-oriented strategy, focusing on the development of labor-intensive processing industries, and in a short period of time to achieve economic take-off. The so-called East Asian model has attracted worldwide attention, and they are therefore called the four dragons of Asia. However, the Asian financial crisis in 1997 brought the economy of Asias four dragons into a trough. Now, 10 years have passed, how about the status of the four dragons of Asia?
South Korea: rising prices, quality of life will decline
Global Times correspondent in South Korea Xu Baokang reported: in the past when the economy grew rapidly, the purse drum drum, dare to spend a lot of money, and now the purse deflated, prices have gone up, you have to spend money carefully.. A Korean told reporters with emotion.
Journalists often feel this sense of loss from koreans. South Korea since 60s of last century, the economy has taken off. In 1995, South Koreas per capita GDP (gross domestic product) has reached $10 thousand, known as Asias four dragons comprehensive strength of the strongest. In South Korea is confident, history has opened a joke: the 1997 Asian financial crisis, the Korean economy has been hit, the economic downturn has reached 10 years.
A Korean friend of the press is the president of a publishing house, moving into an apartment in downtown Seoul before the crisis, driving a limousine. After the financial crisis, the publishing company was in bad shape. Although his salary was not reduced, he always felt the money was tight. He gave reporters a sum of money: 6 people in the family, the monthly total income of 2 million 500 thousand won (100 won about 0.83 yuan), 1 million of the rental costs, 250 thousand won per person per capita. In the past, prices were low and life was good, but prices rose by 40% in the past 10 years, and the
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