crisis
2. Regionalization
1) Concept
- High levels of interaction within a region.
- Regionalization has the two components : 'cooperation' and 'integration'
- Trade, financial flows, similar cultures in a certain region are important indicators of regionalization
2) Examples
- In Politics: The treaty of Lisbon by EU
- In Society: The Korean wave in Asia
- In Economy: APEC, NAFTA
* Re
to behave and interact with other nations
Diverse factors of
East Asia Economic Regionalization
ASEAN is the organization to accelerate the economic growth, social progress and cultural development in the region through joint endeavors in the spirit of equality and partnership in order to strengthen the foundation for a prosperous and peaceful community of Southeast Asian Nations.
'A watch that is more famous overseas,'
Romanson launched a wrist watch brand called "ROMANSON' in 1988 and began exporting to the Middle East Market. Since then, the company has built a global business network in 72 countries around the world, has achived export showings of $25 million, and continues to develop as a global watch brand.
Founder : Kim ki moon
Established Date : April 1,
1). Management Philosophy
Hyundai Motors philosophy is to realize the dream of mankind by creating a new future through ingenious thinking and continuously challenging new frontiers. The concept consists of three frames; 1) Realization of Possibilities, 2) Unlimited Sense of Responsibility, and 3) Respect for Mankind.
2). Core Values
HMC defined their new corporate philosophy based on their ex
I. Environment Analysis
Introduction
Lately, South Korea's cosmetic companies are actively entering Japanese market. In particular, low-priced brand companies entering are remarkable. Continuing the long-term recession, Japanese consumers find inexpensive cosmetics. Through this period, cosmetics of South Korea draw popular through low price and good quality. Celebrity publicity is also inf
1. Introduction
"Europe's crisis is all about the north-south split."
Alan Greenspan, who was the former U.S. federal Reserve Board (FRB) Chairman, said the situation of Eurozone Crisis as follows. Due to high savings rate and low inflation, northern european countries have been known for frugal countries before the Euro appeared. On the other hand, southern European countries had low savi
1. What is the "Hedge Fund"
1.1 What is Hedge Fund?
1.1.1 Definition of the "Hedge Fund"
1) What is a hedge fund?
"Hedge fund" is a general, non-legal term that was originally used to describe a type of private and unregistered investment pool that employed sophisticated hedging and arbitrage techniques to trade in the corporate equity markets. Hedge funds have traditionally been limited t
Corruption is an important negative factor in economic development in many states. Corruption centers on the government as the central actor in economic development, especially in its international aspects. Through foreign policy, the government mediates the national economy’s relationship to the world economy.
Corruption is by no means limited to the global South. Bur for several reasons, c
Thailand’s Currency Crisis (IMF)
In 1997. 8. 5. Thailand request financial support to IMF (total amount $ 172 million).
Also in 1997, there are Capital Outflow by the hedge fund and Exhaustion of foreign exchange reserves. By carrying out the IMF’s Program, Thailand restored their trust in international society.
However, after IMF’s financial support, the Economics rate growth is turn in
The main causes of downturn after 1995 –
A slump in export earning
The weakening of the yen
The end of equipment and infrastructure investment boom
High wages, high interest rate and high land prices
Won appreciation in1994-95 ↑
A loss of international competitiveness
Won devaluation in 1996 ↓
competitiveness improvement