Why is the US Economy Facing a Recession? And How Does It Affect Korean Economy? 미국경제는 왜 경기침체에 직면하게 되었는가?, 그리고 한국경제에 어떠한 영향을 끼지는가?

소개

Since early 2008, the fear of the Global recession has menaced world economy. People consider the down sloping of world economy began with the crisis of US economy. Moreover, the recession is affecting Korean economy in many areas. Through this report, we may find out the causes of the recession in our times, and how does it give a bad influence to the countries in the world as well as Korean economy.
2008년, 미국으로부터 시작된 경기침체가 세계 경제에 많은 영향을 미치고 있습니다. 이글은 미국경기침체의 원인과 한국경제에 끼치는 영향에 대하여 전문가들의 의견과 신문자료를 통하여 설명하고 있습니다.(목차 참고)

목차

Summary 　

Justification

1.0 Introduction

2.0 A Recession
2.1 Definition
2.2 Causes
2.2.1 Inflation
2.2.2 Borrowers Start Defaulting

3.0 Causes of US Recession
3.1. Iraq War
3.2 The Housing Market
3.2.1 Sub-prime mortgage
3.2.2 US Housing Market
3.2.3 Housing Bubble
3.2.4 The Housing Bubble Bursts
3.3 Credit Crunch
3.4 Effect on US Economy

4.0 Impact on Korean Economy
4.1 Unemployment
4.2 Credit Crunch in Korea
4.3 Export
4.4 Investment

5.0 Conclusion

6.0 Recommendations

7.0 Bibliography

8.0 Appendix

본문내용

Summary
Since early 2008, the fear of the Global recession has menaced world economy. People consider the down sloping of world economy began with the crisis of US economy. Moreover, the recession is affecting Korean economy in many areas. Through this report, we may find out the causes of the recession in our times, and how does it give a bad influence to the countries in the world as well as Korean economy. Furthermore, I will be discussing the method what we should do to alleviate this difficult situation.

1.0 Introduction

The US entered a recession in December 2007 according to the National Bureau Economic Research (NBER, 2008). Since 2007, the symptoms of recession have been found. However, these were revealed brightly in late 2008. As the whole world knows, the US economy is biggest market. As US facing the financial crisis, the rest of the are falling into the global recession. In this situation, Asian countries were also affected in many areas.....

참고자료

· 7.0 Bibliography
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· 2. Bank Of Korea, (2008). Credit crunch impacts on South Korea: International Committee of the Fourth International (ICFI). Retrieved January 16, 2008, from World Socialist Web Site
· Website: http://www.wsws.org/articles/2008/jan2008/kore-j16.shtml
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· 4. Cho, (2008). Foreign direct investment in Korea drops 40 percent. Retrieved April 3, 2009, from Herald Media INC. Website:
· http://media.daum.net/cplist/view.html?cateid=&cpid=22&newsid=20090403142006121&p=koreaherald
· 5. Khera Communications, Inc., 2007. Why is our economy in a recession? 10 Causes of Economic Recession. Retrieved April 28, 2008 from Khera Communications, Inc Website: http://www.morebusiness.com/10-signs-recession
· 6. Kitazume, (2009). Global Crisis Forces Change on S. Korea: Overdependent on Exports, Seoul Seeks Economic Salvation in Environment-Led Development. Retrieved April 01,2009, Japan Times, Tokyo Website:
· http://www.istockanalyst.com/article/viewiStockNews/articleid/3166782
· 7. Korea National Statistical Office, (2008). Korea`s unemployment rate rose to 3.3 % in January: report: International Committee of the Fourth International (ICFI). Retrieved February 18, 2008, from the Korean Culture and Information Service (KOIS) Website: http://korea.net/news/news/newsView.asp?serial_no=20080218012&part=109
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· 9. Morah, (2008). What causes a recession? Retrieved 2009, from Investopedia ULC Website: http://www.investopedia.com/ask/answers/08/cause-of-recession.asp
· 10. Obama, (2009). London G20 summit. Retrieved April 13, 2009, from InTheNews Website:http://www.inthenews.co.uk/news/autocodes/countries/united-states-america/obama-hails-turning-point-in-global-recession-$1285269.htm
· 11. pettinger, T., (2008). Why is the US Economy Facing A Recession? Retrieved March, 2008, from the economicshelp
· Website:http://www.economicshelp.org/2008/03/why-is-us-economy-facing-recession.html
· 12. Shasha, (2009). S Korea sees jump in unemployment rate to 4-year high: International Committee of the Fourth International (ICFI). Retrieved March 18, 2009, from Xinhua News Agency Website:http://news.xinhuanet.com/english/2009/03/18/content_11032263.htm
· 13. Stiglitz J. and Bilmes L.,(2008), The Three Trillion Dollar War. Allen Lane.
· 14. Stiglitz, (2008). Iraq war hits U.S. economy: Nobel winner. Retrieved Mar 2,2008 From Reuters Website: http://www.reuters.com/article/topNews/idUSN2921527420080302?pageNumber=2&virtualBrandChannel=0
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· 16. Trotta, D., (2008). Iraq war hits U.S. economy: Nobel winner. Retrieved Mar 2, 2008 from Reuters Website:
· http://www.reuters.com/article/topNews/idUSN2921527420080302
· 17. US recession `began last year`, (2008). Retrieved December 1, 2008, from BBC NEWS Website: http://news.bbc.co.uk/2/hi/business/7759470.stm
· 18. Woori Bank, (2008). Credit crunch impacts on South Korea: International Committee of the Fourth International (ICFI). Retrieved January 16, 2008, from World Socialist Web Site
· 19. Website: http://www.wsws.org/articles/2008/jan2008/kore-j16.shtml