3. Brief Introduction of Two major Schools: Realism and Neo-Liberalism
As the table shown above, realism and liberalism start from different viewpoints. As a result, two rational theories come to a distinct conclusion when it comes to judging international regimes. Even though their basic assumptions are going to largely coincide with each other during the academic neo-neo debate, views on inte
international petroleum prices have risen, domestic prices have not following suit due to the subsidy. so Inflation is also somewhat suppressed.
6. Foreign exchange reserves continued to show robust growth.
7. Growth in goth output and TFP(Total factor productivity) has been much faster in the services sector than in industry. By contrast, growth in output and TFP in agriculture has slowed.
Definition
Stephen Krasner
‘‘..high level of institutionalization’’
‘‘..principles, norms, rules, and decision-making procedures’’
Criticism : ‘‘not a new concept at all’’
Reus-Smit
: distiction between institution and organization
Classification
Globalization and Int’l Regimes
Pros and cons
Type of Regimes
- Security / Environment /
international monetary system in IMF conference held in Kingston, Jamaica in 1976, each country considers one’s economic condition and selects the appropriate exchange rate regime freely.
(Economic conditions: economic pie, trade volume, foreign dependency, scale of foreign loan, etc)
3. The system of classification of exchange rate system of IMF
• Exchange arrangement with no sep
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.