Economic development means a growth of production and circulation phenomenon of consumption; international trade, transaction of merchandise, service and capital across the national borders. The aim of this thesis is to study how the international trades are carried on and what are their reciprocal ...
Economic development means a growth of production and circulation phenomenon of consumption; international trade, transaction of merchandise, service and capital across the national borders. The aim of this thesis is to study how the international trades are carried on and what are their reciprocal operations in the course of the economic development. Though there may be many necessary conditions that should be provided for making an economic development, generally the advancement in productive skill, the formation of industrial capital, and the completeness and expansion of market are the most important ones. But the economially backward nations in general have to live their poor lives because of the unfavorable factors which hinder their economic development. That is to say, such an economic backwardness is inevitable because of their primitive form of industry, pressure of over-population, inefficiency in economic life, lack of capital, and factors which check the accumulation of capital. When these unfavorable conditions which prevent the economic development are eliminated and the international trade will bring about more import and export as well as domestic industry, and thus the international prosperity will be achieved. Especially the unprofitableness of import has bean emphasized so far, but it is an important fact that can not be overlooked that the increase of import is also a factor which improves the international economy. The business cycle which naturally comos in the course of economic development will soread from one country to other with an international character, and in the process of this cycle, the international trade will play an important role for a business recovery. At the same time, through the period of this cycle, capital will move internationally, which will in turn certainly promote the economic development of the backward countries. However formed industrial capital may be, an economic exploitation can not be achieved without technical advance. So the international organization of today positively propels technical aid for the economic exploitation of the backward countries. Through this introduction of technical aid, the backward countries will attain the business of bringing up their technical industry, thus bring about an increase in import and export and enhance the international welfare. When thus an industrialization is begun and the industry is reared by a proper protective measure, the intennational economy will show more a creative, than destructive, effect of market. Korea also as a less advanced nation should promote its capital formation and technical introduction and whereby open up industry and rouse export; while control import, protect domestic industry and maintain the balance in the international revinue and expenditure. Then Korean economy will expand more and more and security will be the result. In order to improve the international income and outgo and to accomplish the economic development, the less advanced nations need help from the international organizations as well as the advanced nations, under the spirit of a good fellowship and mutual benefit. When thus those nations foster their economy, all of us the human race will enjoy prosperity and welfare.
Economic development means a growth of production and circulation phenomenon of consumption; international trade, transaction of merchandise, service and capital across the national borders. The aim of this thesis is to study how the international trades are carried on and what are their reciprocal operations in the course of the economic development. Though there may be many necessary conditions that should be provided for making an economic development, generally the advancement in productive skill, the formation of industrial capital, and the completeness and expansion of market are the most important ones. But the economially backward nations in general have to live their poor lives because of the unfavorable factors which hinder their economic development. That is to say, such an economic backwardness is inevitable because of their primitive form of industry, pressure of over-population, inefficiency in economic life, lack of capital, and factors which check the accumulation of capital. When these unfavorable conditions which prevent the economic development are eliminated and the international trade will bring about more import and export as well as domestic industry, and thus the international prosperity will be achieved. Especially the unprofitableness of import has bean emphasized so far, but it is an important fact that can not be overlooked that the increase of import is also a factor which improves the international economy. The business cycle which naturally comos in the course of economic development will soread from one country to other with an international character, and in the process of this cycle, the international trade will play an important role for a business recovery. At the same time, through the period of this cycle, capital will move internationally, which will in turn certainly promote the economic development of the backward countries. However formed industrial capital may be, an economic exploitation can not be achieved without technical advance. So the international organization of today positively propels technical aid for the economic exploitation of the backward countries. Through this introduction of technical aid, the backward countries will attain the business of bringing up their technical industry, thus bring about an increase in import and export and enhance the international welfare. When thus an industrialization is begun and the industry is reared by a proper protective measure, the intennational economy will show more a creative, than destructive, effect of market. Korea also as a less advanced nation should promote its capital formation and technical introduction and whereby open up industry and rouse export; while control import, protect domestic industry and maintain the balance in the international revinue and expenditure. Then Korean economy will expand more and more and security will be the result. In order to improve the international income and outgo and to accomplish the economic development, the less advanced nations need help from the international organizations as well as the advanced nations, under the spirit of a good fellowship and mutual benefit. When thus those nations foster their economy, all of us the human race will enjoy prosperity and welfare.
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