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KMID : 1024520010100020091
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Journal of the Environmental Sciences
2001 Volume.10 No. 2 p.91 ~ p.97
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Evaluation of Korea\`s Sustainable Development by the System Ecology(II) -Simulating the Future of Korea\`s Natural Environment and Economic Development-
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Lee Suk-Mo
Son Ji-Ho
Kim Jin-Lee
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Abstract
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A macroeconomic minimodel was simulated to analyze the effect of global exchange on the Korea\\`s economy. The simulation results illustrate some of the consequences of public policy and some insight into current world problems. All computer simulation runs made under various conditions suggest that the Korea\\`s system in the near future may be strongly influenced by the favorable availability of outside resources, while the national power and assets may be declined by indigenous environmental stock depletion. The borrowed capital allows the temporary money stock to increase and the national assets to grow faster and a little higher, as using up the environmental resources more quickly. Later, when the debt is paid off, the foreign exchange holdings may not go so high. For the environmentally sound and sustainable development, over 75% of total economic production should be invested to the natural resource management. Therefore, the economic structure of Korea should be transferred from the present industrial structure to social-economic structure based on ecological-recycling concept.
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KEYWORD
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macroeconomic minimodel, natural resource management, industrial structure, ecological-recycling concept
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