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
Single European Act
- Functionalism & Intergovernmentalism
Revival in economic and political co-operation in Western Europe
- The removal of non-tariff barriers, Integration market – financial service
- Monetary integration and coordination of macroeconomic policy
Change of Institutions
- Majority Voting for the Council Ministers
Before I cover the topic, I want to ask a question for everyone here.
What is international political economy?
Does anyone has any opinion?
There are a lot ofdefinitions on this study, but personally, I think international political economy is a field studying how international politic and economy are closely linked beyond national barriers in the era of globalization.
More specifically, yo
Definition : What the aging society is?
‘Aging Society’
a society where more than 7% of the whole population
are than aged older than 65
Why does aging society come?
Falling birth rates
Rising life expectancy
In Korea, Baby-boom generation getting old
중략
3rd reason : Baby boomer getting old
In Korea, the baby-boom generation largely refers to
those born between
In the modern age
: Free Trade withdraws restrictions about various imports and non-tariff barriers and makes international trade balanced and equalized.
Therefore, free trade in the 19th century and the modern age are different because the former unilaterally protected class profits of one country in the 19th century.
FTA would facilitate inefficient domestic production to be replaced wit