-WTO is created in 1995. It is managing the global economy
with the World Bank (IBRD) and the IMF
-Membership in WTO is currently at 153 countries / economies
-The goal is to help producers of goods and services, exporters,
and importers conduct their business
-The European Union (EU) is an economic
and
of the book when he was only six years old. Bishop Asser tells the story of how as a child Alfred won a prize of a volume of poetry in English, offered by his mother to the first of her children able to memorise it. This story may be true, or it may be a myth intended to illustrate the young Alfred's love of learning.
B. Roma
At the age of five years, Alfred is said to have been sent to Rome
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
Problem of Eurozone
Lack of control in Eurozone countries
Budget deficit should under the
3% of GDP
Public debt of government should below
60% of GDP
Italy, Greece, Spain
Common Problem
▶Budget deficit
▶Current account deficit
▶Underground economy
corruption, tax evasion, Mafia
Ⅰ.Introduction of CAP
1. Brief Introduction
Since 1995, CAP had made auto parts for Samsung, while Kyeongchang Wiper had made for Hyundai. But, then IMF came. CAP changed its focus on aftermarket and started its own R&D. After they succeeded in Korea market(its market share is over 50%), CAP started to extend its business to the America, China, Japan, Europe, Middle East and Africa markets.