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
integration than multilateral trade agreements because negotiations occur among a smaller number of like minded partners.
RTAs may therefore have a positive demonstration effect on multilateral trade negotiations.
1952 ECSC (European Coal and Steel Community)
↓
1957 EEC (European Economic Community)
↓
1967 EC (European Community)
↓
1993 EU (European Union)
The econom
European markets have made long term integration.
- When Dow Johns goes down 1%, Kospi goes down 0.2% with long term relationship.
3) The causes of Stock Market Integration
① Impact of the United State
First, the reason of increasing in market integration movement is because the United State acted as the driving force behind global economic growth over the Asian financial cris
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
European Community
Enlargement
The Treaty of Lisbon (2007-2009)
- EU President
Single Market
Common Market + Custom Union
Free circulation of goods, capital, people and services
within the EU
Monetary Union (1999)
The Maastricht Treaty in 1993
Euro zone – 16 members
Objectives - To help build a single market,
political symbol of integration and
European Union)는 종래 EC(European Connunity,유럽공동체)의 경제와 관련된 기능뿐만 아니라 외교, 안보와내무, 사법분야를 포괄적으로 관장함.
일본에서는 EU를 구주연합(歐洲蓮合), 중국에서는(歐盟)또는 구주연맹(歐洲聯盟)으로 번역하나, 우리나라에서는 EU를 유럽연합(聯合)으로 번역함.
(2) 주요 기관
European airline before the advent of low cost-low frill airlines. In this sense, Ryanair entered an industry with large obstacles to overcome. Nonetheless, it was able to bust the market by operating with low-costs while maintaining profits, differentiating itself with minimizing the cost structure thus being able to offer the lowest price.
6.3. What new strategies would you advise your com
1. 지역경제통합의 대두와 그 배경
제 2차 대전 이후 세계의 경제는 미국의 절대적인 경제력의 우위를 바탕으로 자본주의 경제체제의 재건과 자유무역주의의 구현을 위해 국제통화 측면에서 달러를 기축통화로 하는 IMF체제를 출범시키고 무역측면에서는 GATT체제를 구축함으로써 세계경제 경제체제의
Ⅱ. 본 론
1. 유럽연합 (European Union)의 형성 배경
유럽 각국의 특징은 지리적, 경제적, 민족적 다양성으로 설명할 수 있다. 유럽은 남쪽의 지중해, 중부의 알프스 산맥, 북부의 빙하지대에 이르기까지 지리적 조건이 다양하고 남부지역은 농업을 주로 하는 데 비해 북부는 공업이 발달되어 있고 네
Circumstance of occurrence
2008~2009 upsurge of financial crisis and beginning of government remedy.
The early 2010, concernment about economic crisis spread because of The southwest Europe(PIIGS) budget deficit
The world three major credit-rating agency(MOODYS, S&P, FITCH) made downward revision in Portugal’s credit rating
2. Finance and real economy aspect
Major economic indica