Third, we should work internally to identify the effects of our various policy instruments, and make preparations for dealing with any changes in external conditions promptly while at the same time devoting active efforts to eliciting global cooperation.
The ratios of exports to GDP stand at only around 10 and 13 percent respectively in the U.S. and Japan, but in Korea reaches nearly 50 percent. We should note that stability in the international economic environment achieved through global cooperation is all the more important for the Korean economy, whose growth is so heavily dependent upon external conditions.