US media says G20 Light cannot hide South Korea's economic miracle towards the end of the fact

South Korea is gearing up to prepare for a summit of the group of 20, the Wall Street Journal reported, but South Korea now has to face the depressing fact that a successful economic strategy to G20 the South Korean economic miracle is coming to an end, and that it is not easy to replace that strategy.　　To keep the economy growing, South Korea now has to make some essential changes, but that could be difficult. Moving away the stumbling block to South Korea's more developed 50 years ago, South Korea was still in poverty and hunger, and now it has entered the ranks of rich nations. South Korea is now the world's 15th-largest economy, Samsung and Hyundai and other big companies are known around the world, the Korean economic model has become a model for developing countries.　　Indeed, South Korea has reached its richest level of dependence on exports, with 43% per cent of its economic output dependent on exports, which is higher than in any developed country. The question now facing South Korea is simple and complex: a radical change in the economy, politics and culture will keep the South Korean economy on the upward trend?　　To sustain growth, economists at home and abroad argue that South Korea must make substantial changes to its hierarchical, male-dominated society, not only to allow more women to join the workforce, but also to encourage innovation and entrepreneurship, talented, and open doors to immigrants.　　In addition, South Korea must reduce government intervention in the economy and loosen the hierarchy. The potential for growth is depleted by the lack of population support South Koreans have reached $20,000 trillion in 2007 per capita income, but the 1998 financial crisis has hit South Korea's life-long employment tradition, forcing South Korean companies to focus more on short-term benefits rather than on the dangers of economic growth.　　On an increasingly prosperous surface, the seeds of trouble have begun to sprout. South Korea's economic growth averaged 4.3% per cent over the past decade and is expected to grow at 6% this year, higher than most developed countries. But this is more like last gasps, and South Korea's growth potential is falling further.　　South Korea's research shows that the current annual growth potential is 4%, and the next 10 years will drop to around 2%. Part of the reason for the economic stagnation is demographic change: South Korea will not have enough people to support its efforts to boost growth. Each woman produces 1.15 children on average, and South Korea has the lowest birth rate in the developed world.　　The population, aged 25 to 49, has peaked, and by 2017 and 2019 the working-age population will begin to shrink. In addition, as most people in South Korea receive higher education, fewer are willing to work in low-income, low-skilled jobs.　　This will lead to a scramble for labour in the agricultural and production sectors, while more and more college graduates are waiting for opportunities to work for large companies or governments. For South Korea, the fully developed service industries in Europe and North America will be a new driver of South Korea's economic growth, economists say. These industries absorb more skilled workers, make up for existing manufacturing capabilities, and create more work environments that stimulate innovation and creativity. To achieve this goal, South Korea needs to reshape its economy from top to bottom, not from down to, and bravely abolish the cultural barriers that prevent women and immigrants from working. The government should stop microcosmic intervention to the economy part of the reason for the government to intervene in the economy is the belief in a hierarchical system of Confucian doctrines. This belief runs through almost every field. South Koreans respect the elderly, and the habit of preserving order also hinders communication and suppresses new ideas. In terms of gender, the tradition of hierarchies is more complex. Today, only 53% of Korean women are working, a much lower than the average of 57% in developed countries. In addition, South Korea only 557,000 migrant workers, accounting for 23 million of the labor force of 2%, far lower than the United States 10%. These foreign workers can only work in Korean companies for five years, with very few permanent immigrants.　　But the number of foreign brides pouring into South Korea has increased in recent years. Xuzan, an economist at the Korea Institute of Economics, said the problems facing South Korea today are more difficult than the the 1960s economic rise. But Danny Lie Puzeg, a former World Bank vice president for poverty alleviation and economic management, has shown that the growth rate is expected to reach the target of 7% per cent set by Lee Myung-bak, after a sharp increase in productivity and a large employment of women and the elderly, after all, the future is not guaranteed.