Why are they so poor?
Industrialised
near-autarchic
highly centralized command economy
.
.
.
Self-reliant economy
No petroleum resources of its own
Collapse of the great Soviet system
Devastating floods
Isolation from the outside world
.
.
Distribute Six times a year on holidays in east and north region
Wild Foods were frequently used by households across all province
Ch
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
What is the Mafia?
There are so many opinions about the etymologic of Mafia.
Morte
Ai
Frencesi
Italia
Anela -> It means
“Death to France is Italy’s Cry”
Origins
The American Mafia is an Italian-American criminal society and offshoot of the Sicilian Mafia.
It emerged on the East Coast of the United States during the late 19th century following waves o
of societies all over the world
Rapidly growing spread of ideas, cultures, and information around the world
International organizations, Non-governmental organizations(NGOs), transnational companies
as important actors in global politics
The more interdependent world economy
Internationalization and Globalization?
High levels of interaction within a region, usually between neigh
1. With which of the international competitors listed in the case is it most interesting to compare Inditex’s financial results? Why? What do comparisons indicate about Inditex’s relative operating economics? Its relative capital efficiency?
GAP H&M Benetton Inditex
ROIC -0.15% 24.16% 11.20% 27.24%
Return on sales -0.06% 9.60% 7.05% 10.46%
COGS/sales 7