I. Introduction
1. The significance of the Ricardian Model
The modern economic trade theory was originated from the advocator of ‘absolute advantage’, Adam Smith. According tothetheory of ‘absolute advantage’, each country specializes in the product of its absolute advantage in productivity. Thetheory of ‘absolute advantage’ was accepted as intuitively correct during that time
the selling price, called the external reference price, with a price standard present in the mind of the consumer. This standard is called internal reference price. This price constructed through the price information to which a consumer is exposed, over time and/or by context. In order to get consumers to acquire a certain product, companies may act on the selling price, as they tend to, modifyi
Summary of The New Basel Capital Accord
1. Introduction
은행 감독 위원회의 바젤 위원회는 바젤의 새로운 주요한 협정(일컬어 Basel II)을 발표했다. 위원회의 목표는 새로운 협정을 4분기에 실행을 하여 2006년 연말까지 가맹국에 효력을 발휘하는 것이다. 위원회는 2개의 부문에서 공공의 정책이 중요한 이점을 얻
to other’s evaluation and perfectionism etc. Especially in Korea, the concept of “Good person complex”, which other cultures do not have, seems to aggravate this behavioral patterns. Cultural values like strict pecking order and good person complex contribute totheir hesitance to reject. Perceived difficulty or rejection for Koreans may be greater than people from other cultures.
The pres