Week 10 KOREAN S INFO TECH IMPACT ON SOCIAL AND ECONOMIC GROWTH
Importance of Information Technology to Asia Megacity’s Social and Economic Growth: A Case Study of Seoul’s Upward Mobility and Quality of Life
When describing Seoul the capital of the South Korea, dense is the word that might come first to mind with 13 million of the country's 48 million citizens dwelling in the art of the megacity. A lot of people often uses the phrase 'ubiquitous connectivity' to describe how information technology is expected to change the way people live and it could be said that the Koreans are actually living through the future that others have been talking about and demonstrating the true potential of the new technologies according to the National Computerization Agency, since it's a common experience in the city to bump into someone with eyes glued to a LCD-equipped mobile phone simply surfing the Internet, checking stock information, and more recently watching television. However, the importance of internet in the information technology world has been the upward significant mobility factor and quality of life in the Asian megacity in both social and economic growth.
Seoul had been a key location of exported-oriented industries in Korea, with its reliance on the manufacturing sector which later declined significantly due to rise in wages and strengthened unions accelerated its deindustrialization process of the Seoul economy in the late 1980’s with the flows of migrant workers from developing Asian countries, such as China, the Philippines, Bangladesh, Thailand and Pakistan into Seoul. Many local companies relocated their factories overseas where cheaper, docile labors were available. This surge of Seoul-based multinational corporations' foreign investment has been the core of the globalization of the Korean economy from its virtual location to its new actual location of economic growth.
In the early 1990s, when the Korea first turned its attention to wireless communication systems and broadband Internet access by attempting to expand
When describing Seoul the capital of the South Korea, dense is the word that might come first to mind with 13 million of the country's 48 million citizens dwelling in the art of the megacity. A lot of people often uses the phrase 'ubiquitous connectivity' to describe how information technology is expected to change the way people live and it could be said that the Koreans are actually living through the future that others have been talking about and demonstrating the true potential of the new technologies according to the National Computerization Agency, since it's a common experience in the city to bump into someone with eyes glued to a LCD-equipped mobile phone simply surfing the Internet, checking stock information, and more recently watching television. However, the importance of internet in the information technology world has been the upward significant mobility factor and quality of life in the Asian megacity in both social and economic growth.
Seoul had been a key location of exported-oriented industries in Korea, with its reliance on the manufacturing sector which later declined significantly due to rise in wages and strengthened unions accelerated its deindustrialization process of the Seoul economy in the late 1980’s with the flows of migrant workers from developing Asian countries, such as China, the Philippines, Bangladesh, Thailand and Pakistan into Seoul. Many local companies relocated their factories overseas where cheaper, docile labors were available. This surge of Seoul-based multinational corporations' foreign investment has been the core of the globalization of the Korean economy from its virtual location to its new actual location of economic growth.
In the early 1990s, when the Korea first turned its attention to wireless communication systems and broadband Internet access by attempting to expand