and Thailand. Historical ties with the US has also had impact upon its international relations. Philippines considers itself a strong ally of the US and has supported various participations in the ‘Iraq War’ and the ‘War on Terror’.
However Philippines has tensions regarding the claims to land and water territories in the South China Sea. Other than this, Philippines alignment toward
5-4 What are the potential costs of adopting a free trade regime? Do you think governments should do anything to reduce these costs? What?
▲ 기술수준 차이를 극복하는 비용
- 후진국의 입장에서 보면 어떤 산업에 비교 우위가 있다고 하자. 그러나 절대적인 기술 격차가 있어서 선진국의 기술 수준을 따라 잡지 못하는 현상이 있을
policies that politicians insist and the political party argues about. Speaking of general election, it was held in April 11th, 2012, and to make it brief, the conservative party, Saenuri party, won the election with majority of seats over Democratic United party, which is liberal. We cannot judge their welfare policies just by looking at the result of election, however, it is somewhat related be
policies were aimed to stabilize the housing price and not to reduce it. Despite the measures, because of China’s fast growing economy and the high deposit level in banks, housing prices continued to surge.
In 2007, tighter financing policies were implemented. The central bank raised lending rates by six times during the year, directly increasing the burden of housing mortgage loans. The cen
National Front, which had been in power since Malaysia achieved its independence in 1957.
Governance
Malaysia is a federal constitutional elective monarchy. The head of state is the Yang di-Pertuan Agong, commonly referred to as the "King". The Yang di-Pertuan Agong is elected to a five-year term by and from amongst the nine hereditary rulers of the Malay states; the other four states, which