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doctorgonzo · 08-05-2003, 04:56 PM

I've looked at many sites; some say South Korea's per capita GDP is around $8,000, some put it as high as $15,000. Because the exchange rate fluctuates it is hard to pin down an exact number. Nevertheless, it is probably safe to say what one web site said, that South Korea's per capita GDP is on par with many Eastern European countries like Poland or the Czech Republic.

I don't know if the U.S. really will pay the piper for its free trade. India and China together have more than 2 billion people, and that's one heckuva large middle class when their economies become more advanced. Everyone will be better off, although it is certainly true that some industries will never be the same.

08-05-2003, 04:56 PM	#18
doctorgonzo Professional gadfly Join Date: Jan 2002 Location: Minneapolis, MN Posts: 6,364	I've looked at many sites; some say South Korea's per capita GDP is around $8,000, some put it as high as $15,000. Because the exchange rate fluctuates it is hard to pin down an exact number. Nevertheless, it is probably safe to say what one web site said, that South Korea's per capita GDP is on par with many Eastern European countries like Poland or the Czech Republic. I don't know if the U.S. really will pay the piper for its free trade. India and China together have more than 2 billion people, and that's one heckuva large middle class when their economies become more advanced. Everyone will be better off, although it is certainly true that some industries will never be the same.