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