2. Conventional Wisdom And The Crisis
Why it is that Fiscal policy is back in fashion.
1. One argument suggests that as Monetary and credit policy reached its limit policymakers had no other choice but to rely on fiscal policy more heavily.
2. The other argument is that as the recession across countries was expected to last long, fiscal stimulus would have enough time to yield beneficial i
Global Imbalances :
- Events in the United States : Saving-Investment Imbalances
- Events Outside the US :
Inadequate Investments and Excessive Savings in Asia
Several signs of financial crisis :
- Real estate values rose
High current deficits was risen simultaneously
in many countries
- Extraordinary levels of leverage used
The financial crisis were influenced by g
The Asian economic crisis raised the need of a union of countries to stabilize the global economy and to support continuous development.
G20 held a summit talk to resolve the current global economy crisis by the necessary cooperation of developed countries and rising countries.
Japan’s Economy after the Global Economy Crisis and Its Responses
The Four Unfavorable Factors in the Japan
1. INTRODUCTION
원인
유동성과잉
통화긴축정책
이자율상승
유효수요부족
투기거래증가
큰 정부론 – 뉴딜
이론적 배경
뉴딜정책개요-3R
전기뉴딜정책
후기뉴딜정책
성과
.
.
2. CAUSES OF THE GREAT DEPRESSION
✸. 원인
미국의 1차 대전 후 과잉유동성.
- 대전 중 해외자산 축적
- 국
crisis
getting recovered from the crisis
showing gradual increase in demand
the trend seems to be upward
1. To avoid political conflict with the US government.
2. To make ‘Hyundai-favored atmosphere’ among Americans.
3. To build the image of ‘global car-making company’
by entering into US market.
Incentives from the city
Favorable weather
Adva
crisis.
Before and during the crisis derivative assets rose significantly, led by an increase in interest rate derivatives with further growth in credit and foreign exchange derivatives. The global falls in interest rates resulted in significant gaps between the fixed and floating legs of interest rate swaps. Widening credit spreads and increasing market volatility caused mark-to-market increase
Recently, the Greek financial crisis is hot issue in global financial market. Actually, this crisis is not today's new topic but from 2008, the effect of global financial crisis has been going on ever since. Korea also has the problem about increasing national debt affected by this crisis, so this Greek issue was concerned about in this sense. The Greek financial crisis was controlled by Greek go
globalization considers that boundaries between the domestic and the external become blurred.
2) Examples
- In Politics: The Lybian revolution in 2011
- In Society: Global efforts to solve societal problems such as infectious diseases, environmental problems.
- In Economy: 2008 Global financial crisis
2. Regionalization
1) Concept
- High levels of interaction within a region.
- Regionaliz
Global Research Centers are developing a broad technology portfolio to help customers and society meet a range of energy and environmental challenges.
One example can be found in the area of water use and purification, where GE scientists are investigating new membrane materials and innovative advanced separation technologies. These allow for further treatment and better performance of on-site