Some Data That at First Might Seem Puzzling: the Share

question 133

Essay

Some data that at first might seem puzzling: The share of GDP devoted to investment was similar for the United States and South Korea from 1960-1991. However, during these same years South Korea had a 6 percent growth rate of average annual income per person, while the United States had only a 2 percent growth rate. If the saving rates were the same, why were the growth rates so different?

---

Definitions:

Mass Causality Scene

A situation where the number and severity of casualties overwhelm local medical, emergency response, and support services, affecting a large number of individuals simultaneously.

Strategic Plan

A systematic process for envisioning a desired future and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.

Disaster

A sudden event, such as a natural catastrophe or man-made crisis, causing significant damage or suffering.

Biological Agent

A virus, bacteria, or other microorganisms that can cause disease or infection in humans, animals, or plants.