Ⅰ. FTA(Free Trade Area)
(1)The Definition of FTA
Free Trade Area is a designated group of countries that have agreed to eliminate tariffs, quotas and preferences on most (if not all) goods between them.
It can be considered the second stage of economic integration. the stage of economic integration
Economic integration is a term used to describe how different aspects between economi
II. 2. The progress of Yen carry trade
Since 1990s, Japanese government and central bank started lowering interest rate policies so that Yen carry trade has begun.
1) After Kobe Earthquake in 1995, the Bank of Japan lowers the interest rate at 1%. In 1997, as financial crisis in East-Asia was broadening, Yen carry assets were paid off. In addition, The sharp increase in foreign bank as
II. Yen carry trade
II. 1. What is Yen carry trade?
II. 1. (1) Typical meaning
The typical meaning is “borrowing at low interest rates in yen and using the loan to buy higher yielding assets elsewhere.” During the past decade, the trade has become a “staple” for many investors. One of the most popular forms of the strategy exploits the gap between US and Japanese yields. Anyone
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
mortgage crisis several years ago.
Or just simply like fight between Sam-sung and Apple in other continents.
Surely, we are living in a globalized world that if US foreign rates
So, by the end of our presentation, I hope you guys to have your own opinion about this.
First part outlines how international economic relations and institutions were created and shaped in the post-war economy.
1. 신경제(New Economy)에 대해 논하시오.
신경제(New Economy)란 미국이 1991년부터 2000년까지 지속적 호황국면을 맞이하면서 등장한 개념으로서 낮은 인플레이션 속에 최장기의 고도성장을 달성한 것 <고성장-저물가 현상>을 말한다.
90년대 들어와서 미국경제는 컴퓨터 기술의 비약적 발전으로 임금상승률보
trade ($8 trillion). The Korean economy is heavily dependent on exports. Seventy percent of the economy relies on international trade. Korea has the possibility to be a primary beneficiary of economic growth from liberalization of its economy. Main exports to Chile are automobiles and electronic appliances. Chile’s main export to South Korea includes copper. “With the passage of the Korea-Ch
1. History
APEC was established in response to the growing interdependence among Asia-Pacific economies and to the need to advance Asia-Pacific economic dynamism and sense of community.
APEC began in 1989, when Australia hosted the first annual meeting of Foreign and Trade Ministers from 12 Asia-Pacific economies to discuss ways to increase cooperation in this fast-expanding region of the w
economically, it has enjoyed independent economic system from China with the system of market-based capitalist economy. That’s why business men in Hong Kong are playing the role as network chains of Chinese economic regions without any economic restriction from the government. In addition, considering the fact the Foreign Direct Investments (FDIs) are the essential pillar that sustaining econom
The industrial revolution from U.K is the most important turning point in world economy history. After the industrial revolution, imperialism countries have started colony economy and the free trade has been settled down their key ideology. Furthermore, Adam smith’s economic idea was combined with the industrial revolution, as a result, the principle of laissez-faire capitalism was founded. In