tariff rate falls from over 40% in 1940s to 6.3% before Uruguay Round. Even it is expected to fall more to 3.8% after Uruguay Round. In spite of this reason, why does regional economic integration increase? The most important reason is that the multinational negotiations in WTO have some limits: the range and the speed. Regional or mutual negotiation is faster and deeper.
Our group chose Korea U
- The “new world” that Columbus boasted of to the Spanish monarchs in 1500 was neither an expanse of empty space nor a replica of European culture, tools, textiles, and religion, but a combination of Native, European, and African people living in complex relation to one another.
- The Native cultures Columbus found in the New World displayed a huge variety of languages, social customs, and cr
Glossary terms
Alternative cost : 선택비용(기회비용)
The value of what particular resources could have produced had they been used in best alternative way; also designated as opportunity cost.
특정한 자원들을 가장 최선의 대안으로 사용하여 생산되는 가치. 기회비용이라고도 불림.
Arc elasticity of demand : 수요의 호탄력성
If P_{ 1} } and Q _{1
abbreviation A.P. is one of the 28 states of India, situated on the country's southeastern coast. It is India's fourth largest state by area and fifth largest by population. Its capital and largest city is Hyderabad. Andhra Pradesh is bordered by Maharashtra, Chhattisgarh and Orissa in the north, the Bay of Bengal in the east, Tamil Nadu to the south and Karnataka to the west.
According to the
Difference with Solow model
In the case of Germany, before the World War it was being reached steady state.
According to the solow model,
the more it reached steady state, the slower the capital growth is,
so it shows low economic growth rate after the World war.
However after the war, as the accumulated capital was destroyed, capital stock was out of steady state and it grew fas
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
Additional Information on Environmental Analysis.
Political & Legal Environment
The Democratic Party is one of two major political parties in the U.S. along with the Republican Party. The party’s social liberal and progressive platform is largely considered center-left in the U.S. political spectrum. The party believes that government should play a role in alleviating poverty and social injus
■ Diverse Aspects
Ⅰ. Political Environment
The political structure of a country inevitably affects the way a business operates, as it is the political regime that will enact laws, sets regulations and policies.
Singapore's parliamentary democracy system is well known for creating a stable and orderly government. The government provides first-rate efficiency and excellence in the p
▶ 가결산(假決算; provisional settlement of accounts)
정규적인 회계기일이 아니고, 회계기간 도중에 가(假)마감으로 행하는 결산을 가결산이라 한다. 신설법인이 아닌 법인으로서 직전연도 납부세액이 없거나 또는 법인이 원하는 경우 가결산에 의해 법인세 중간예납을 할 수 있다.
▶ 가계정(假計定; temporar