When young people lose faith in the economy, political chaos usually follows.
32
Transcript of When young people lose faith in the economy, political chaos usually follows.
Regional IntegrationI35004 SHINJIEUN
”Moments of reflection backward
1958
EEC
1992
The treaty led the creation of the euro
Maastricht Treaty
1999 2015
EURO
Regional organization aimed to bring about economic integra-tion between its member states
QWhat manner do you think Eurozone crisis
would affect European integration?
1999 Euro
ECB and the Euro system explained in 3 min
Money can influence on countries identities.
Euro built a foundation of ‘Eu-rope’s common values and belief. It was ‘social construct’ Among Eurozone.
Debt to GDP ratio
APainful, but positive
Europe’s bleak outlook(est.2015)
Scariest Graph in the World
When young people lose faith in the economy, political chaos usually follows
ImbalanceProblem
Imbalance
Two power 동상이몽 同床異夢Problem
IMF role is more important EU is the first part
If IMF has bigger role, it can be a risk to EU
Two power 동상이몽 同床異夢
”Reason for optimism
EFSF
ESM
European Fiscal Compact
http://www.sachverstaendigenrat-wirtschaft.de/fileadmin/dateiablage/download/publikationen/arbeitspapier_08_2013_engl.pdf
European Semester
http://ec.europa.eu/europe2020/making-it-happen/index_en.htm
QWhat are the main differences and similarities
between the European Union and regional cooperation in Asia?
Similarities
Strong common interest in an open international economic and financial system
Poor in natural resources
Both regions have complex models of society, which put a high price on the need to control the forces of globalization.
Complex models of society
Both regions have been hit in the ninties by serious economic, currency and banking crisis.
Economic crisis
https://www.mof.go.jp/english/international_policy/convention/asem/tyou059.pdf
#1 Growth rate
https://www.imf.org/external/pubs/ft/reo/2015/apd/eng/pdf/areo0415.pdf
Difference
http://ec.europa.eu/economy_finance/eu/forecasts/2014_autumn/20141103_autumn_forecast_2014_en.pdf
#2 Historical Reconciliation
http://www.abc.net.au/news/2015-11-01/south-korea-china-japan-vow-to-strengthen-ties-at-summit/6903686
http://www.eucentre.sg/wp-content/uploads/2013/06/BB08-50yearstwinengine.pdf
Difference
Difference#3 Trade integration
FTANon-tariff
Customs union
Single marketCommon market
EEC 1958
中 - 韓 FTA2105
QDo you think regional integration of European kind
can be replicated in Asian region?
I am not sure but they have to
Jean MonnetOnly union between men can ensure peace and prosperity
A
