Introduction
Natural disasters are defined as major adverse events caused by environmental factors that can result in loss of life, serious injury, economic losses, and extensive damage to property. Examples of natural disasters include earthquakes, floods, tornadoes, landslides, volcanic eruptions, and wildfires. Each type of natural disaster has its own set of risks and effects, which makes it
“What Experts Say about the Causes of the IMF Crisis in South Korea”
Introduction
On Nov. 1997, Korea faced the IMF crisis, or also known as the financial crisis, which caused severe damage to the Korean economy. The new OECD member was reduced from being the world’s eleventh largest economy to an economy surviving on overnight loans from the international money markets. The won, the Korean
economic growth over the past 25 years has been truly remarkable. Standards of living have gone up dramatically, but the progress has negative aspects as well as the obvious positive ones. As income gaps between the rich and the poor widen, social problems like crime and poverty become more pronounced. The damage done to the environment by factories and "progressive" human activity might not be u
Situation Analysis
1) The analysis of Korean Economy
① Slowing economic growth
With the worsening global economic conditions and falling domestic consumption, the nation will not likely achieve higher growth for the foreseeable future. If the global economy slows seriously, our economy can’t avoid damage because exports of goods and services account for 66 percent of our gross domest
economic security of nation. They include communications, electrical power systems, gas and oil, highways, pipelines. These kinds of services are essential and provide real value to the public. So, high among the concerns in protecting these systems from harm is ensuring the continuity of service.
(2) Causes of damages
Critical infrastructure systems usually get damage by two factors: natura
economic efficiency, determinacy of the loss or accident and possibility of loss.
해상보험은 선박,화물 등과 같은 보험목적물을 보호하는 것이 아니라 이러한 보험목적물과 이해관계가 있는 특정의 경제주체를 보호하기 위한 것이다. 보험목적물과 이해관계가 있는 자는 보험목적물이 위험에 노출될 경우 손해를 입을 수
economic impact analysis), 비용효과분석(cost-effectiveness analysis), 환경피해평가(damage assessment), 환경위험평가(risk assessment)와 같은 기타 정책평가기법을 포괄하는 대단히 종합적인 분석기법이라고 할 수 있다(부경진 1993; 이승희 1995; 최상기 외 9995). 비용-편익의 범위는 사적 경제성(private economic feasibility)과 사회
damage. A growing trend in biomimicry is the creation of non-living structural materials that also have the capacity to heal themselves when cut, torn or cracked. Self-healing materials which can repair damage without external human intervention could give manufactured goods longer lifetimes and reduce the demand for raw materials, as well as improving the inherent safety of materials used in con
economy revolves around industry, and as industries thrive, wealth accumulates, leading to disparities between rich and poor nations. The flow of capital is driven by industrial development in a globalized era, making it nearly impossible for slower-developing countries to catch up with wealthier ones. This inequality extends to the distribution of jobs, with industrialized nations facing labor s
economic downturn, the oil price has dropped (See Figure 1). The clients, who are usually the oil producers, in the oil market are much less motivated in expanding their infrastructure for oil production. Hence, eTEC was not earning enough contracts, and its main business, the construction of oil facilities, was severely damaged. The company faced a severe downturn, and the revenue has dropped si