Economic Crisis in South Korea and the USA 한국과 미국의 경제위기 (영문)

소개

1997년 아시아 경제위기와 2007년 서브프라임 경제위기의 원인을 비교하였습니다.
두 경제위기의 원인을 분석하고, 해결방안 및 대처를 미국과 한국, 말레이시아와 비교했습니다.
대처 방안과 그 결과를 바탕으로 앞으로 대한민국이 나가야 할 방향을 제시합니다.
1. 소개
2. 1997 아시아 경제위기의 원인
3. 2007 서브프라임 경제위기의 원인
4. 한국의 대처 방안과 결과
5. 미국과 말레이시아의 대처 방안
6. 한국 경제가 나아가야 할 방향

영문입니다.

목차

I. Causes of the 1997’s Asian Economic Crisis
(1) Failure of foreign exchange policies
(2) Financial institutions' mismanagement of foreign money
(3) Banking system
(4) Other Opinion

II. Causes of the 2008’s the U.S. Financial Crisis
(1) Low Interest Rate
(2) Wall-Street Financial Institutions
(3) Financial Derivatives

III. Responses of South Korea and its effect
(1) High interest rate
(2) Selling firms
(3) High flexibility of labor
(4) Consequences

IV. Responses of the U.S. and Malaysia

V. Consideration about a new direction for South Korea

본문내용

I. Causes of the 1997’s Asian Economic Crisis
In 1997, an economic crisis struck most of Asia. This study focuses on the causes of this financial crisis, especially South Korea and Malaysia. South Korea even had to solicitaid from the International Monetary Fund in order to overcome it. For this reason, this state of affairs became known as the 1997 IMF Financial Crisis. The IMF analyzed the following three reasons as to why this economic catastrophe came about: (1) failure of foreign exchange policies; (2) financial institution’s mismanagement of foreign money; and (3) banking system.
(1) Failure of foreign exchange policies
In the early 1990s, South Korea raised many global companies with strong export policies. The government’s exchange policy supporting export caused a weakening of the national current balance. Even though there was a deficit of current balance, the government expected a continuing inflow of foreign money and didn’t prepare an outflow of foreign capital.

참고자료

· Mankiw, N. G. (2012). Macrorconomics (Eighth Edition).Worth Publishers.
· Chang, Ha-Joon. (2007). The Myth of Free Trade and the Secret History of Capitalism. Bookie Publishing House.
· Chang, Ha-Joon. (2010). 23 Things they don’t tell you about Capitalism. Bookie Publishing House.
· Chang, Ha-Joon. (2009)Analysis of the Korean Economy, 49p
· Dornbusch, Rudi. (1999) What caused the Asian Currency and financial crisis? New York FED.
· Krungman, Paul. (1999) Trade and Development Report. Princeton University
· Buchholz, Todd. G. (1989).New Ideas From Dead Economists. A Plume Book.
· Lee, K. S., & Yi, K. S. (2011). The Korean financial crisis of 1997: onset, turnaround, and thereafter. World Bank Publications.
· Goldstein, M. (1998). The Asian Financial Crisis: Causes, Cures Ad Systemic Implications (Vol. 55). Peterson Institute.
· Federal Reserve Bank. 17 May 2013. Web.
· http://www.federalreserve.gov/econresdata/default.htm
· Stiglitz, J. E. (2002). Globalization and its Discontents (Vol. 500). New York: WW Norton.