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2 results

  • 9 - The Slowing Engine of Growth

  • Jaymin Lee, Yonsei University, Seoul
  • Book:
    The Tortuous Path of South Korean Economic Development
    Published online:
    07 December 2023
    Print publication:
    21 December 2023, pp 272-314

  • Summary

    Economic growth slowed down as the reforms after the crisis introduced a less aggressive system. Banks lent money to households rather than firms as household loans were liberalized. The current account turned into a surplus, but it failed to produce the equivalent increase in net foreign assets because of the large net capital losses. The country now held more international reserves, but it was for self-insurance purposes after throwing open the capital market. The country failed to avoid a currency crisis in 2008, which was resolved through currency swap agreements. The growth rate fell further with the ensuing Great Recession, and the country faced a deflation threat in 2013, but it was slow to use fiscal policy to cope with it. South Korea fought the pandemic in 2020 well but is currently having difficulties with its disinflation policy as it has to heed the risks in international as well as domestic financial markets.

  • Effect of Fire and 2,4-D on the Early Stages of Beaked Hazel (Corylus cornuta) Understories

  • J. C. Tappeiner II
  • Journal:
    Weed Science / Volume 27 / Issue 2 / March 1979
    Published online by Cambridge University Press:
    12 June 2017, pp. 162-166

  • Burning and 2,4-D [(2,4-dichlorophenoxy)acetic acid] were used on the early stages of beaked hazel (Corylus cornuta Marsh.) understory to prevent development of a dense, continuous understory. At this early stage beaked hazel understories consisted of seedlings, small clones, and large clones. The application of 1.12 kg/ha of 2,4-D in July and August killed 84 to 100% of the seedlings and small clones, 86 to 98% percent of the large clones; while the application of 0.56 kg/ha of 2,4-D in June, July, or August caused 77 to 98% mortality of seedlings and small clones, but only 57 to 83% of large clones. Effects of burning were much more variable and generally mortality was less than with 2,4-D. One or two burns killed 23 to 100% of seedlings and small clones, and an average of only 13% (range 0 to 93%) of large clones.