Ⅱ. Exchange rate regime
1. What is the exchange rate?
In finance, the exchange rates between two currencies specifies how much one currency is worth in terms of the other. It is the value of a foreign nation’s currency in terms of the home nation’s currency. For example an exchange rate of 91 Japanese yen (JPY, ¥) to the United States dollar (USD, $) means that 91 yen is worth the
1. History of NATO
North Atlantic Treaty Organization
Warsaw Treaty Organization
Expansion of NATO
▶Area : Eastern Europe & Russia
▶Role : To solve regional conflicts and racial conflicts that threat European security
☞How can NATO expansion?
2. NATO as Regime
“Protecting the freedom and security of member countries
by political and military means”
Thi
change in the above variable will lead to change in the system and alters the political structures.
Table 4. Waltz’s definitions of political structure
Domestic Structure International Structure
1. Hierarchic system Anarchic system
2. Differentiation of units/specification Character of unites and same function
3. Distribution of capabilities across units Distribution of power amon
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 time. The biggest change during this period is to introduce the free market system and to allow its economy to be operated by th
in 1960s.
- From 1980s, China began to set EP zones along the costal cities.
- From May, 2000, 57 EP zones had been built.
Functions:
1> Attract a great quantity of foreign investment, help improve the technology, product quality.
2> Export expansion, increase exchange revenue.
3> Increase employment opportunities.
4> Improve the production technology and management.