(Outside Reading #11) Global Issue

I found an article about how Japan and South Korea are trying to lead the world into an economic recovery. They are working together to rid North Korea of nuclear weapons. Also the South Korean President praised Japan for agreeing to a currency swap up to $30 billion. This would help reduce the fears that South Korea could face a foreign exchange crisis. The president agreed that Asia should be the growth center of the world and plays a huge role in the global economic recovery. Japan and South Korea agreed to the fact that they need to work closely with President-elect Barack Obama on the North Korean nuclear issue. The South Korean president is working really hard to improve ties with Japan since it is geographically close but emotionally distant from the neighboring nation. Trade between the countries reached $82.6 billion in 2007. They are looking to the future and the thought of restarting free trade walks. I think it is great that the two are coming together. It's a good idea because obviously two countries are more powerful than just one on a certain issue. I think they could help our economic situation a bit because of the mass full of trade coming from those areas of the world. I really haven't realized the epidemic that we're in. I just hope we're on the road to recovery soon.

"Japan, SKorea vow to lead world economic recovery." Multimedia Holdings Corporation. 7 January 2009. kare 11 news. 8 March 2009. <http://www.kare11.com/news/news_article.aspx?storyid=535425>.