Step3. Evaluation of the case
⇒ In this case, ITT, U.S.A government and CIA are directly involved.
▶ ITT
- Deontological View
The inordinate intervention of company has to be limited. For their profit, ITT intentionally intervened on politic of Chile. As a result, Chile damaged a lot on their politics, economy and even lost a lot of lives. So, ITT is deontological wrong.
I. Environment Analysis
Introduction
Lately, South Korea's cosmetic companies are actively entering Japanese market. In particular, low-priced brand companies entering are remarkable. Continuing the long-term recession, Japanese consumers find inexpensive cosmetics. Through this period, cosmetics of South Korea draw popular through low price and good quality. Celebrity publicity is also inf
immediately pushed the surging yen down from the fresh 15-year highs it hit on Tuesday to trade above 85 against the dollar. The U.S. currency gained more than 2 percent immediately after the intervention.
On Tuesday the yen had risen to 82. 87 against the dollar, a level seen by analysts as a possible threshold for government action to curb the currency, which has badly hurt the economy.
intervention of government.
• Free or Independently floating
The best elastic exchange rate system in which exchange rate is decided freely depending on the principle of supply and demand in foreign exchange market.
To ease a sudden change of exchange rate, government intervenes in market restrictively and irregularly.
4. The Changes of Exchange rate regime in Korea
Exchange rate m
Introduction
Suggested Problem - 21st century paradigm of industrial society is changing
Korea continues with economic growth, development and trade surplus despite the superficial external dependence. It is increasing its vulnerability to the external environment while the economic structure has changed. In addition to globalization in a rapidly aging nation, and women's expanding partic