Asian Community (an East Asian trading bloc) is expected to arise from either the grouping of ASEAN +3 or the East Asia Summit also referred to as ASEAN +6
From which grouping the EAC will come from is uncertain
Japan supports the ASEAN +6 grouping while Korea and China prefer the ASEAN +3 grouping
German Case:
Former Chancellor Willy Brandt apologized in 1970
in Warsaw
German Cha
하는 지역적 경제 협력 조직체
2. Type of Economic Integration
Horizontality integration
- EU (Europe Union) 유럽연합
- ANDEAN COMMUNITY 안데스공동시장
- MERCOSUR 남미공동시장
- ASEAN (Association of Southeast Asian Nations) 동남아시아국가연합
Verticality integration
- NAFTA(North America Free Trade Agreement) 북미자유무역협정
integration.
- When Dow Johns goes down 1%, Kospi goes down 0.2% with long term relationship.
3) The causes of Stock Market Integration
① Impact of the United State
First, the reason of increasing in market integration movement is because the United State acted as the driving force behind global economic growth over the Asian financial crisis in 1997. The economy of the United
The empirical results that Short and long term
relationship between U.S's stock prices and each
country's stock prices said that their relationship
was amplified after the second half of 2007.
Especially Korea and Europe have made long
term integration.
The United State acted as the driving force behind global economic growth over the Asian financial crisis in 1997.
D
integration)'이라는 지역주의의 대두이다. 경제통합은 흔히 경제적 이해관계가 보다 밀접한 나라들끼리 특혜적인 무역 및 투자자유화를 통하여 추진하게 되는데 EU(European Union), NAFTA(North America Free Trade Area) 및 ASEAN(Association South East Asian Nations) 등이 이에 해당한다.
1960년대에 일어난 경제통합은 단순히