economically, it has enjoyed independent economic system from China with the system of market-based capitalist economy. That’s why business men in Hong Kong are playing the role as network chains of Chinese economic regions without any economic restriction from the government. In addition, considering the fact the Foreign Direct Investments (FDIs) are the essential pillar that sustaining econom
Capitalism against the Welfare State: Classical Political Economy
Some thought the welfare state is incompatible with capitalism. This conviction can be retraced to Adam Smith. He understood welfare as being secured primarily through the market. More clear reason for incompatibility is that without the compulsion to work an efficient market could no longer function because there would remain no
History of CHINA
Communist party of China set up a government in 1949
October 1st in mainland.
China can not be a unified nation.
"The People's Republic of China.“(마오쩌둥) 중화인민공화국 = 중국
'The Republic of China.‘(장제스) =중화민국
Economy of CHINA
China has the world's second-largest economy
But China's 2011 nominal GDP per capita of US$5,184
arid, continental
Religion : Taoism, Buddhism,
Christian, Islam etc
Currency : Yuan
Population : 13 hundred million
GDP per 1 person : 4382$ (2010)
China National flag means…?
Red : revolution
Yellow : yellow race
Big yellow star
->The Chinese communists
Small stars
->Four class in China
( The worker, farmer, intellectual ,
patriotic capitalist ).
mortgage crisis several years ago.
Or just simply like fight between Sam-sung and Apple in other continents.
Surely, we are living in a globalized world that if US foreign rates
So, by the end of our presentation, I hope you guys to have your own opinion about this.
First part outlines how international economic relations and institutions were created and shaped in the post-war economy.