degree of economic integration can be categorized into six stages
Preferential trading area
A Preferential Trade Area is a trading bloc which gives preferential access to certain products from certain countries. This is done by reducing tariffs, but does not abolish them completely
Free trade area
Explain above
Customs union
A customs union is a free trade area with a common external ta
Chapter4. Economy
The economy of Norway is a developed mixed economy. Norway is the twenty second highest GDP in 2013 but the third highest GDP per-capita in the world. A country maintained the world’s first place in the Human Development Index (2001-2006) and has done it since 2009. The Gini’s coefficient is just 0.23. It means the gap between the rich and the poor is very small. The tradit
1. What is the "Hedge Fund"
1.1 What is Hedge Fund?
1.1.1 Definition of the "Hedge Fund"
1) What is a hedge fund?
"Hedge fund" is a general, non-legal term that was originally used to describe a type of private and unregistered investment pool that employed sophisticated hedging and arbitrage techniques to trade in the corporate equity markets. Hedge funds have traditionally been limited t
trade.
This traditional, almost autarkic, production pattern shifted sharply during the late nineteenth century, when inexpensive imported grain from Russia and the United States competed effectively with local grain. At the same time, rising domestic and foreign demand for dairy products and the availability of low-cost imported cattle feed made dairy and meat production much more profitable. T
3. Brief Introduction of Two major Schools: Realism and Neo-Liberalism
As the table shown above, realism and liberalism start from different viewpoints. As a result, two rational theories come to a distinct conclusion when it comes to judging international regimes. Even though their basic assumptions are going to largely coincide with each other during the academic neo-neo debate, views on inte