Ⅰ.What is the IMF?
The International Monetary Fund was created in 1945 to help promote the health ofthe world economy. Headquartered in Washington DC, it is governed by and accountable to the governments ofthe 185 countries that make up its near-global membership.
Korea joined IMF in 1955.
1.What is the International Monetary Fund?
The International Monetary Fund—also known as
Reaserch Question
Business suspension of savings bank
In February, 2011, several savings banks were ordered to suspend business in Korea. The reason is that thebank was weakened by overusing project financing technique which resulted in high default rate and delay of cash flow. Suspension of business of savings bank cause the innocent depositor to cry in front ofthe closed bank. That was
◎ Step2. Define the stakeholders
- ITT: For their profits, they drew in U.S.A government and CIA. And also they supported the opposite political force of Allende. They incited coup. It caused a lot of damages in Chile.
- The government of U.S.A. & CIA: They dragged Allende out of his position and helped the opposite political force of Allende to built pro-American government in Chile. An
GE’s Talent Machine Q1
How effective are GE’s human resource policies and practices? What are the distinctive characteristics of GE’s HR policies and practices?
Evaluate the overall GE’s HR policies and practices?
GE consistently regarded as
one ofthe world's most-admired companies
Business Week has said,"the most talent-rich management bench in the world."
G
ⅱ) Insolvency of enterprise and bank
- Insolvency of enterprise
In 1997, average debt ratio ofKorea enterprises was 333%. It was relatively higher than that of USA(159%) and Japan(206%)
It caused insolvency ofthe enterprises, which lead to major companies went bankrupt.
- Insolvency ofbank
at that time, Many Chiefs of financial organizations was sent from above(낙하산 인사).