period is to introduce the free market system and to allow its economy to be operated by the market forces. In addition, China has been promoting foreign investments in China and international trade with other countries. As a result of innovative changes in its system, Chinese economy has rapidly grown over the past several decades, and it has become the most important issue in global business.
1. Introduction
(1) Introduction to the topic
On 14-15 April 2012, the 1st Trilateral Agricultural Ministers’ Meeting was hold in Jeju Island, Korea. Three countries discussed a lot of issues such as food security, infectious diseases of animals and plants, and economical cooperation for each other etc.
<15일 제주 롯데호텔에서 열린 제1차 한·중·일 농업장관회의에
of Deng Xiaoping, China wanted
to improve agricultural production, update
and expand industry, modernize its army, and
import foreign science and technology.
Post-totalitarianism is also a kind of new
authoritarianism.
Problems:
Insufficient democracy leads to lack of
an efficient mechanism of power restriction
Low-efficient administrative system and
national ide
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Korean economy is highly dependent on export and
it occupies more
60 percent on Korea’s GDP
▪ Finance product
▪ Contract between a bank and a company
▪ Derivative to avoid certain danger of
change under floating exchange rate system
The government has decided to link
the value to another currency or
to some valuable commodity like gold
Do not ch