largest oil producer, and recently suffered from declining oil exports and capital flight. With the threat of the euro contagion continuing to spread, Russia could see a slowdown in its growth rate to 3.5% in the next year as compared to 4.3% last year. Russia's relatively authoritative regime has prompted investors to look elsewhere. Capital flight in the second quarter of 2012 reached $22B.
of the euro contagion continuing to spread, Russia could see a slowdown in its growth rate to 3.5% in the next year as compared to 4.3% last year. Russia's relatively authoritative regime has prompted investors to look elsewhere. Capital flight in the second quarter of 2012 reached $22B.
Brazil was another success story until recently, as it helplessly watched its GDP growth falter to 2.7% last
1. Introduction
Recently dollar's price is really volatile. This means credit of dollar is declined. That's why other currencies are trying to become a key currency. Especially some researchers insist that Yuan has a potentiality to become a key currency. So, our group will treat about this subject mainly.
2.Concept and meaning of currency internationalization
1) Conditions of currency int
Ⅰ. Introduction
1) Location
Russia is located in the north Eurasia continent (Far East Asia ~ Europe). Russia is the largest country in the world which is about 1/8 of the world’s land area. Because of this huge territory, there is an 11-hour time difference between East and West.
2) Climate
The huge territory of Russia also makes a various climate zone. Basically, Russia has continental
Introduction
Today’s China
Before we elaborate on our subject, we thought it is important to understand about the present situation of China. Thus, by comparing both China’s current and expected future situation, we’ve divided our sub-directions.
After implementing an open economy, China has been rapidly developing and eventually, they took a pos