Nowadays, there are so many thing to integrate. For example, thing with internet, which are blog, facebook, and online shopping, are methods of global integration. Cell phone is one of those thing. This is very interesting movie which about time traveler from CNN.
How do you guys think about this ??
Is this too much integration to travel in the past or future??
How do you feel if we are in the time we can have time machine?
http://videos.wittysparks.com/id/1224761752/
Sunday, October 31, 2010
Sunday, October 24, 2010
Currencies center stage as G20 gets underway
GYEONGJU, South Korea (AP) -- Japan warned Friday that the global economy will lose if countries compete to devalue their currencies, as top finance officials from the world's leading economies gathered for two days of talks they hope will defuse growing tensions over exchange rates.
Noda's comments underscore predictions that currency issues will take center stage at the meeting of finance ministers and central bank governors from the Group of 20 rich and emerging nations, which takes place ahead of a G20 leaders summit in Seoul next month.
The gathering in the South Korean city of Gyeongju comes just two weeks after the finance mandarins failed at a meeting in Washington to iron out differences that have led to fears of a currency war that could trigger another economic downturn.
In such a scenario, countries devalue their currencies to gain a competitive advantage in a less-than-robust world economy that has yet to fully recover from the global financial meltdown two years ago. Trade barriers are erected in response, hitting international commerce and sending the economic recovery into reverse.
A South Korean government official said the fact finance officials are discussing the currency issue is itself a "good achievement."
The official, who spoke on condition of anonymity as discussions on the issue were ongoing, said he expects "some progress" at the meeting with language aimed at avoiding a "currency war."
Noda's comments underscore predictions that currency issues will take center stage at the meeting of finance ministers and central bank governors from the Group of 20 rich and emerging nations, which takes place ahead of a G20 leaders summit in Seoul next month.
The gathering in the South Korean city of Gyeongju comes just two weeks after the finance mandarins failed at a meeting in Washington to iron out differences that have led to fears of a currency war that could trigger another economic downturn.
In such a scenario, countries devalue their currencies to gain a competitive advantage in a less-than-robust world economy that has yet to fully recover from the global financial meltdown two years ago. Trade barriers are erected in response, hitting international commerce and sending the economic recovery into reverse.
A South Korean government official said the fact finance officials are discussing the currency issue is itself a "good achievement."
The official, who spoke on condition of anonymity as discussions on the issue were ongoing, said he expects "some progress" at the meeting with language aimed at avoiding a "currency war."
Sunday, October 17, 2010
advantage and disadvantage of economic sanctions
In Iran, merchandises trade is been limited by economic sanctions because atomic bomb development. Therefore smuggling is picking up in Iran. In some of the cities, many latest electrical appliances are sold at the market. There are TV made in Japan, camera from Korea, and even rice cooker made in China. Most of them are smuggled goods from other country. Most of those merchandises are carried in by foot from the near border between Dubai and Iran. The interviewee says “ when I carry stuffs from other countries in with horses, they can go 200 miles in one time. When I use people, they can go 70 miles in one time.” The reason why people smuggle is great deals of profit.
This was very interesting to me. Since even under the economic sanctions, citizens have demand and supply. And then they import and export even though that is illegal way. I hope that we can import and export more freely in the future.
source
Sunday, October 3, 2010
SWOT analysis
It only takes 5 mins to understand what SWOT is and what we can do through SWOT analysis.
Take a watch!
http://www.youtube.com/watch?v=GNXYI10Po6A
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