in achieving relatively higher level of ROS and capital turnover. That isto say, Inditex possesses relatively efficient operating economics measured by operating expense ratio and high capital efficiency by net working capital ratio.
Among three other competitors, the most interesting international competitor to compare the financial performance was H&M. ROIC for H&M andInditex are similar, 2
oftheir individualistic approach, economists tend to look tothe market to solve social problems. In analyzing problems, economists spend a great deal of time clarifying options and looking at costs. In examining possibilities for substitution, economists look at costs and benefits at the margin.
경제학자들은 그들의 개인주의적 접근방식 때문에, 사회적 문제들을 해결
and Japan. Then, we are going to suggest possible way of avoiding a double-dip recession in Korea.
2. Recent Situation ofThe Korean Economy
recently, theeconomic status of Korea has been recovering slowly and has also shown possibilities to continue.
The stabilitization of such financial markets, aided the object-economy into stabilitization as well.
However, optimism forthe rec
to gain competitive advantage to beat local brandin that market. Second one iseconomic recession. From 2007, world economy fell intothe deep slackness because ofthe Subprime mortgage crisis. At this event was joined together with Google’s revenue declined. Other issues are mobile revolution, moving center of value creation from hardware to software, mobile convergence and change of media.
and use a single currency.
Panama, Ecuador and some Latin American countries suffered a severe inflation take dollarization in which they use dollar as their currencies.
• Currency board arrangement
It fixes exchange rate of one’s currency in key currency exchange rate and permits toissue money within only prepared foreign currency assets.
The autonomy ofthe currency policy is lost