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Assignment 1 country differences in an unequal world 2

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Kim 1
Taeyoon Kim
Professor Evan Schofer
Sociology 2
20 October 2021
Country Differences in an Unequal World
Country 1 Name: South Korea
Geographical region: Located in East Asia, on the southern portion of the Korean Peninsula
located out from the far east of the Asian landmass.
Population: 51.78 Million People
Was it previously colonized? (If so, note the colonial power and when it became
independent.): Korea was annexed by the Empire of Japan after years of war. The country
would be considered a part of Japan until 1945 when it gained its independence.
GDP per capita: 31,489.12 USD
Main industries: The main industries include textile, steel, car manufacturing, shipbuilding and
electronics. South Korea is the world's largest producer of semiconductors.
Is the economy mainly agricultural (yes/no): No. While it is not mainly agricultural, the most
important crop in South Korea is rice, accounting for about 90 percent of the country's total grain
production and over 40 percent of farm income.
Inequality (concentration): (List the Gini score or some other measure of inequality such
as % of income going to top 20% of population): With a Gini coefficient of 0.34 on after-tax
income in 2019, South Korea's relative inequality is on the lower end of the scale.
Life Expectancy: 83.23 years
Percentage of population living in poverty: 14.4%
Percentage of men & women go to college (sometimes called "tertiary" education
enrollment): Around 73.8 percent of female high school students in South Korea enrolled in
universities, compared to only 65.9 percent of university enrollment rate of male high school
students in South Korea.
Trade as % of GDP (a measure of participation in global trade): South Korea trade to gdp
ratio for 2020 was 70.08%
Main exports/export industries: South Korea's main exports include electronic products,
machinery, motor vehicles (particularly automobiles), steel, ships, and textiles and clothing. With

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Kim 2
no petroleum reserves, South Korea must import substantial amounts of crude oil. Other imports
include food, machinery, chemicals, and chemical products.
FDI as % of GDP (a measure of foreign direct investment): South Korea Foreign Direct
Investment (FDI) registered a growth equal to 1.4 % of the country's Nominal GDP in Jun 2021,
compared with a growth equal to 0.6 % in the previous quarter.
Country 2 Name: Ethiopia
Geographical region:
Ethiopia is located in the Horn of Africa. It is bordered by Eritrea to the north, Djibouti and
Somalia to the east, Sudan and South Sudan to the west, and Kenya to the south.
Population: 115 Million People
Was it previously colonized? (If so, note the colonial power and when it became
independent.): Ethiopia is actually one of the only African countries to never be colonized.
GDP per capita: 936.34 USD
Main industries: Ethiopia's major industries include agriculture, construction, manufacturing,
resources and energy, tourism, and food processing.
Is the economy mainly agricultural (yes/no): Yes. Agriculture in Ethiopia is the foundation of
the country's economy, accounting for half of gross domestic product (GDP), 83.9% of exports,
and 80% of total employment. Agriculture accounts for 46.3 percent of the nation's Gross
domestic Product (GDP), 83.9 percent of exports, and 80% of the labour force.
Inequality (concentration): (List the Gini score or some other measure of inequality such
as % of income going to top 20% of population): World Bank Estimate data was reported at
39.100 % in 2015. This records an increase from the previous number of 33.200 % for 2010.
Life Expectancy: 66.60 years
Percentage of population living in poverty: According to the analysis, poverty decreased from
30% of the population in 2011 to 24% in 2016, the year of the most recent survey on household
living standards.
Percentage of men & women go to college (sometimes called "tertiary" education
enrollment):
The percentage of men who enroll in college in Ethiopia is 11% while the percentage of women
who enroll in college in Ethiopia is only 5%.

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Kim 1 Taeyoon Kim Professor Evan Schofer Sociology 2 20 October 2021 Country Differences in an Unequal World Country 1 Name: South Korea Geographical region: Located in East Asia, on the southern portion of the Korean Peninsula located out from the far east of the Asian landmass. Population: 51.78 Million People Was it previously colonized? (If so, note the colonial power and when it became independent.): Korea was annexed by the Empire of Japan after years of war. The country would be considered a part of Japan until 1945 when it gained its independence. GDP per capita: 31,489.12 USD Main industries: The main industries include textile, steel, car manufacturing, shipbuilding and electronics. South Korea is the world's largest producer of semiconductors. Is the economy mainly agricultural (yes/no): No. While it is not mainly agricultural, the most important crop in South Korea is rice, accounting for about 90 percent of the country's total grain production and over 40 percent of farm income. Inequality (concentration): (List the Gini score or some other measure of inequality such as % of income going to top 20% of population): With a Gini coefficient of 0.34 on after-tax income in 2019, South Korea's relative inequality is on the lower end of the scale. Life Expectancy: 83.23 years Percentage of population living in poverty: 14.4% Percentage of men & women go to college (sometimes called "tertiary" education enrollment): Around 73.8 percent of female high school students in ...
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