According to the plan of EMU, a free movement of factors of production will make easy to move the producing district and the competition for attracting firms with the governments of participating nations will be intensified. European firms will bring ...
According to the plan of EMU, a free movement of factors of production will make easy to move the producing district and the competition for attracting firms with the governments of participating nations will be intensified. European firms will bring on a great change in the whole management such as production, marketing, financial affairs and accounts.
In Korea, prospects for the export to EU are looking up because considering prospects for the trade creating effect to EU, for the long run, the export will take a favorable turn due to the effects of trade expansion. And for the short run, the export will be likely to be the face of an economic pressure due to the trade diverting effect, and the price fall of intra-trade goods.
After emergence of the Euro, the foreign trade policy with EU will probably carry forward the liberalization among multilateral parties through WTO and the claims for anti-dumping will also be likely to be increased the cutthroat competition among the firms within area.