excess liquidity and bubble economy caused by cheap money policy
-IT bubble collapse and recession caused by 911
-explosive increase of housing loan caused by low interest policy
-ultra low interest → excess liquidity → bubble economy
Sub-prime and collapse of housing bubble
home mortgage raised spending but created consumer debt
housing boom turn into bubble
default on mor
world during the second half of the decade and eventually surpassed all nations becoming number one and two nations by subscriptions respectively. In 2006, China Mobile became the most valuable operator. Mobile devices went significant transformation as well. From the early Bluetooth, camera, and music phones to the iPhones, the Storms, and the Androids, the industry was transformed by the introd
world
Realization of possibilities
United sense of responsibility
Respect for mankind
bring a new perspective to automobiles
2) innovate mobility solutions
3)Human-centric, eco-friendly technologies and services.
Automotive industry crisis (2008-2010)
Perspective change of the consumers
to higher-quality and more fuel efficiency
most influential car
world. Euro gave a many economic, social benefits to euro using countries as expected . With Euro's social, economic, status rising, many countries wanted to join the eurozone. Euro using countries had risen to 17 countries from 12 countries in 14 years. But high euro’s status began to fall with the 2008 financial crisis, the bankruptcy crisis of the Southern European countries. With euro’s
World development. Truly, it is not too much to say that Korea was a star economic performer before the 1997 crisis. However, the Korean economy, once the envy of most developing economies, has been in deep recession, and consequently has brought serious negative social effects since the latter 1997. The outbreak of 1997 economic crisis seriously damaged the economic achievements of the past