level of currency internationalization for a currency is determined by the demand other countries have for that currency. This depends on the amount of business that is performed between the countries and the perceived value of the currency as a good store value. So, the currency internationalization means that the national currency develops into localcurrency, and the international currency.
Before Appearance of Currency
- Barter starts
- Bartering could not fully satisfy their needs and wants
- Foreign trade starts and Local market appears
↓ Similar characteristics
- No competition between goods
Chinese economy and currency regime
Chinese economy had been controlled by the central government under the planned economy regime until 1979 (Morrison, 2007). In other words, most economic conditions used to be decided by the state in accordance with its policy, not by the market forces. From 1979, however, China has been experiencing huge innovation in its economic system until the present tim
PD/NO Matrix
National organizations (NOs)
▽
financial, legal and administrative matters
Product division(PDs)
▽
development, production and global distribution
1. What dows UNDP do?
1) what is the UN?
The United Nations (UN) an international treaty that spells out the rights and duties of member states. is a unique international organization of 192 sovereign states established in 1945. Its goal is to maintain international peace and security, to develop friendly relations among nations, and to promote social progress, a better living standard and hum