economic and military aid to South Korea and the Philippines.
Korea used these US economic aid for restoring ruined their country and constructing strong nation. (Industrialization)
In the Philippines case, US economic aid was relatively lower than South Korea. However, they already had a tied trade relationship with US government and cooperation, so they could growth their economy.
Introduction
Today’s China
Before we elaborate on our subject, we thought it is important to understand about the present situation of China. Thus, by comparing both China’s current and expected future situation, we’ve divided our sub-directions.
After implementing an open economy, China has been rapidly developing and eventually, they took a pos
economic condition and selects the appropriate exchange rate regime freely.
(Economic conditions: economic pie, trade volume, foreign dependency, scale of foreign loan, etc)
3. The system of classification of exchange rate system of IMF
• Exchange arrangement with no separate legal tender
12 countries of EU organize EMU and use a single currency.
Panama, Ecuador and some Latin Ame
are also doing that and we don’t want to distant ourselves too far from them? Then we get two opposing arguments – one is claming that a human being’s act is mainly based on economic purposes, another is claming that major portion of human being’s act is based upon not-so-rational intangibility, rather so called bounded-rationality that sociologist cover to be institutional.