political party during the American occupation. This was followed by the domination by a new party known as the Kapisanan ng Paglilingkod sa Bagong Pilipinas (KALIBAPI) during the Japanese occupation during World War II. With the end of the war, Nacionalistas regained its power but a new political party (Liberal Party) was formed. This two party system remained until 1972. This was followed by th
politics is that the exercise of voting power or the core functions such as crisis solution, exchange rate management and financial policy coordination within the IMF have been designed to perpetuate the dominance of a few industrial countries, specifically the USA and the European Union member states. That is, the IMF lending decisions is a result of American policymakers and countries in which
System Model 5 : Comparison between ‘IS Model’ and ‘Ought To Be Model’ for the external problem
- IS model shows that financial distribution is partial according to government’s preference. It usually has something to do with the politic situation in Korea. Thus, some centers are financially wea
political forces and make a smooth transition to a new regime. Most importantly, the election was during a time of economic hardship. After long years of development, Korea was catching up to the wealthy, developed nations and accepted to OECD. However, the ambitious financial liberalization of president Kim Young Sam had failed miserably. Some scholars claim that the reform had failed due to the
19 trillion won, according to the statistics on service business(2005). If sport goods business is included, the size of the industry would be more than 20 trillion won. And that accounts 2.24% for the GDP of the country.
The industry in Korea has got into the stride since 1999 thanks to people's increasing participation on sports, and is now steadily growing.
(2) Financial situation (Korea)