region, usually between neighboring states
The two components : ‘cooperation’
‘integration’
Trade financial flows, technology transfers, similar cultures as important indicators
Is regionalization contradiction to globalization?
Elected president of the European council
High Representative of the Union for Foreign Affairs and Security Policy
Legal entity
EU’s eff
중략
CMI, for
Regional & International
Financial Cooperation among Asian countries
Background of CMI
Slumping currencies of Asian countries
Intervention of IMF
and Structural adjustment package
Skepticism over the policies of IMF
The beginning of CMI as a series of
bilateral swap arrangements
financial crisis
2. Regionalization
1) Concept
- High levels of interaction within a region.
- Regionalization has the two components : 'cooperation' and 'integration'
- Trade, financial flows, similar cultures in a certain region are important indicators of regionalization
2) Examples
- In Politics: The treaty of Lisbon by EU
- In Society: The Korean wave in Asia
- In Economy: APEC, NAF
financial liberalization of president Kim Young Sam had failed miserably. Some scholars claim that the reform had failed due to the absence of the state intervention and supervision. Regardless of the cause, the reform had failed and the Korean economy collapsed. Foreign capital outflow was rapid and short term loans couldn’t be solved. The government announced its economic failure and the IMF
financial liberalization of president Kim Young Sam had failed miserably. Some scholars claim that the reform had failed due to the absence of the state intervention and supervision. Regardless of the cause, the reform had failed and the Korean economy collapsed. Foreign capital outflow was rapid and short term loans couldn’t be solved. The government announced its economic failure and the IMF