International economic relations Essay Example | Topics and Well Written Essays - 250 words

International economic relations - Essay Example This supports its impressive economic achievements of 198.5% and -176.7% in exports and imports respectively. Previous recession, technology sector slump and disease outbreak lessons enabled it attain low rates of interests, growth in exports to achieve a great real GDP of 3.5% in 2013. Additionally, the government aims to establish a less prone to global cycles in IT products to avoid dangers of global recession. Hong Kong is a free market economy that depends on international transactions. It boosts of a big GDP per capita of 52700 and strong external trading comprising 222.6% in export and 220.9% import GDP in 2013. These are possible through its continuous integration by china mainland that offers the main trading partner. South Korea has managed a credible economic growth integrated with global economies. Its GDP real growth of 2.8%, 54.6% and -50.8% exports and imports stem from close governance, import quotas and industrious labor force. These measures promoted raw material and technology imports, investments and savings (World Fact book of CIA,