Can KOre surpass France economy?

Question

HOw can S. KOrea attrack more investment?

Answer 1

First, South Korea is a much smaller country than France, but 20-25 years from now, I wouldn't be surprised to see the PRK having much more competitive finance and technological sectors than France. France is reverting back to a planned economy and will only become commonly referenced in the future when considered as part of the EU. Even today, the world bank and IMF don't consider France to be an important member as much as they consider the EU because the Euro currency and EU GDP are the most notable and usable statistics.

Rather than focusing on specifically surpassing France, the PRK should focus on becoming more integrated into free markets and common markets in place in the Far East and South East Asia. Economic partnerships with Taiwan, Singapore, Thailand, Australia, and (most importantly) Japan will reap tremendous rewards in coming years. Yes I understand Korea has a very strong national identity, but if its focus is to become a world player, it needs to learn how to play the world's game.

Furthermore, Korea should continue its pursuit of privatization and globalization as well as continue dealing with the US while investing in China. South Korea has a tremendous competitive potential because of its people's industrious nature and because of the emerging markets and industries all around (and within) itself. If anything motivates Korea to behave competitively aggressively, it would be in order to NOT let Japan get too far ahead of it in the future. Otherwise, Japan will not see Korea as a useful ally in future International Relations and will instead view it as a dependent nationstate.

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I was sort of confused by your question there for a second, but that's just because of formatting. For future's sake, make sure you're on the US Yahoo! site instead of the Korean one while typing english questions.