The Roles of Korea
1. The bridge between China and Japan
Before the forming of EAEC in the region, it is crucial for China and Japan to cooperate first. However it is also impossible for them to make their own voices all the time and insist their own taste on the process of cooperation in this current situation. That is way they are so crazy about making Korea stand for one of their side to
non-discretionary impacts
Discretionary fiscal stimulus
Asian Development Bank (2009a) also notes that a country's ability to withstand shocks depends on a set of variables that may either amplify or absorb them.
Countries with strong macroeconomic fundamentals would be better able to withstand or absorb shocks, and those with weak and narrower financial systems, less so.
US’s strategy toward Northeast Asia
For many centuries, international order has been moving by the West, and West-oriented. However, due to the increase of importance on the Asia-Pacific region, the international order is focusing to this region gradually. In the 21st century, this region is facing confusion from its transition period and increase of uncertainty. The reason is that, although t
Investors went to Asia in search of higher yields.
Some of this investment to Thai took the form of pure speculation.
As the air began to go out the bubble, losses began to amount.
A classic currency crisis was in full swing.
The baht fall so far because of panic like bank-run.
That caused the vicious circle of financial crisis.
Many Asian economies were all vulnerable to self-valid
of Global Alliance "Sky Team"
2001 - Korean air ranked by IATA as world's 2nd largest commercial cargo enterprise for 4th straight year
2001 - Korean Air becomes first Asian carrier to receive B737-900
2002 - Korean Air receives 'Best Cellar in the Sky' award from Business Traveller
2005 - Korean Air receives 'Outstanding Dispatch Reliability' from Boeing and 'Operational Excellence' fro