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8.0 percent acceleration allocation of investment balance of payments benefits capital-intensive intermediate changes in wholesale competitiveness of Korean current account deficit decline depreciation deterioration of Korea's developing countries domestic savings Excxcnge expansionary measures export growth rate export industries Fifth Five firms foreign direct investment further GNP growth rate gross national product growth of exports heavy machinery Hong Kong human capital increases in nominal incremental capital-output ratio indicated industrial countries industries producing intermediate Japan Korea's competitive position Korea's creditworthiness Korean economy Korean industry light industries loans machinery industry markets nominal wages one-step devaluation OPEC percent on one-year Plan period policy measures positive real interest prime borrowers profit margins projections promotional measures quarter of 1980 rapid economic growth rate of growth ratio real exchange rate real interest rates real wages reduced rise Singapore Taiwan tariff reductions U.S. dollar unit labor costs Unit value index variant wholesale prices won per U.S. world economy