“Characteristics”
1)Limited Private Property
-State-owned enterprises
2)Non-Price Mechanism
-Distribution system
3)Planning by Government
-Command system
“The reasons of
Chinese economic reform”
Distortion in Industrial structure and inefficiency
Failure of “The Great Leap Forward” (58~60)
Failure of “The Great Proletarian Cultural Revolution” (66
Mohamed Suharto
1966 ~ 1998 ( 32 year rule )
Living standard rose by more than three times
Mobutu Sese Seko
1965 ~ 1997 ( 32 year rule )
Living standard fell by three times
Paul Wolfowitz
The fight against corruption is a part of the fight
against poverty, not just because corruption is wrong and bad but because it really retards
economic development.
NPM-inspired reforms have
Ⅰ. Introduction
1) Location
Russia is located in the north Eurasia continent (Far East Asia ~ Europe). Russia is the largest country in the world which is about 1/8 of the world’s land area. Because of this huge territory, there is an 11-hour time difference between East and West.
2) Climate
The huge territory of Russia also makes a various climate zone. Basically, Russia has continental
When the value of the Yuan raise, the exchange rate of Yuan goes down.
So, the value of the Dollar falls and exchange rate of Dollar goes up.
ex) Now 1 Dollar = 10 Yuan
If value of Yuan raise as 1 dollar = 5 Yuan,
the value of 1 Yuan changes from
0.1 dollar to 0.2 dollar.
ex) 1 dollar = 10 yuan -> 1 dollar = 5 yuan
Suppose an U.S company exports the product to China at
1. Introduction
These days, we can see easily some gathered people on TV who demonstrate against KOREA-U.S. FTA (KORUS FTA) on the street around Seoul City Hall and hold candles on their hands, which is a kind of demonstration parade in the Republic of Korea. Even though a lot of people in Korea raised objection to FTA, KORUS FTA which made a lot of issues was ratified in the National Assembly