1. Microeconomic Reform
Brief Economic History and Government Policy Korea was one of the poorest countries in world after experiencing two wars. World War II and Korean war (1950 ~ 1953). ... After Koran war, the government in fact had no sense of direction and also due to the unstable political situation, the country didn't have specific economic policy until 1961 when military government came to power and established the major institution guiding its economic planning called Economic Planing Board (EPB). ... After two major wars, the country even with a food shortage experienced lack of capital. ...
It also brings new jobs and technology to different countries and makes profits for the car company that can be re-invested in making ever better cars. ... Technological change makes the benefits especially large and therefore increases incentives to liberalize trade, particularly as companies will pressure for opening so they can profit from outsourcing production. ... From a political perspective, foreign competition can bankrupt domestic businesses (which may benefit consumers with better value, more efficient goods, but disadvantages domestic companies whose employees face redund...
While there have been periods of growth, the fifteen years immediately following World War II and the 1970's showed large economic growth, Brazil has always been a country deep in debt and riddled with poverty. ... The currency change also allowed foreign companies to convert and measure money against the U.S. dollar. ... Foreign companies do not want to take the risk of investing in a country that has unstable economics, and to a degree, unstable politcs. ...
Removal of state subsidies and tariff barriers may have adversely affected the standard of living of workers and the growth prospects of certain industrial sectors in the periphery, but they were needed medicine in order to get the prices right Western development institutions, notably the IMF, the World Bank and their major members attributed poor records to the prevailing policies and strategies of development which had been pursued in the post-war era. ... As Adrian Leftwich notes, the aim of adjustment was to shutter the dominant post-war, state-led development paradigm and overcome the p...
World War II was the beginning of the distance between Spain and the rest of the European nations. As a result of Spain never entering into the war, the country never received the benefits from the European recovery plans, keeping it in a situation of complete isolation. Then following the Civil War in Spain, an inward-looking development model known as autarky, was adopted as a result to its isolation with its surrounding neighbors in Europe. ...
Stock market shed to the lowest level, companies try to cut their cost by firing its employee, and corporate institutions had to shut their operation is just inevitable. ... And in around May this year, due to the recent war in Iraq and the SARS outbreak in Asia, Dr. ...
Globalisation The word globalisation has become a buzzword since its inception at the beginning of the 1990s. A cottage industry on globalisation has emerged from which academics and intellectuals make a living by writing articles and travelling the world debating with others. The financial and business sections of broadsheet newspapers are continuously littered with issues concerning globalisation and meetings are frequently held by the superpowers to discuss the state of the global economy, such as the meetings in Doha in Qatar, Cancun in Mexico and the IMF summit in Dubai. As a result of...