Lecture review(5)!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!_Lee jin hyeok 이진혁

    2015.04.03      

      MAIN KEYWORD        

Economy means all activities that production, distribution and consumption of goods or services that necessary for human life. In other words, economy is interaction of the living population. Cooperation of business, government and public leads economy. 

When I was highschool student, I learned subject which is Commerce and Economic. This subject only can learns at vocational school that after graduation, employment of students is the purpose. The word GDP that is very familiar draw attention to me in class. GDP is abbreviation of Gross Domestic Product. This means the sum of the market value of the goods and services produced in a country over a period of time. Standard on range of GDP is in country. Importation of foreign workers who work in Korea enter Korea's GDP. On the other hand, importation of Korean workers who work in other country is not incloude Korea's GDP.

GNP is similar GDP. GNP means sum of the value of the added value of the goods and services produced by Korean people in Korea and abroad. Standard on range of GNP is citizens of the country. For example, money that earned by park ji sung who was korean soccer player on abroad is inclode Korea's GNP. But importation of foreign workers who work in Korea not incloude Korea's GNP. I learned from my teather that These days, most nations adopt GDP. because advance to overseas is active, if adopt GNP, collecting the date will complicate.

    Topic 1

why is descending the line in this grape?

In 1917, average openness trade glolalization was about 0.18. But in 1953, this number became about 0.08 that is very similer in 1815.  why is descending the line at this moment? I think that cause is world wars. World war 1 was occured from 1914 to 1918. And World war 2 was occured from 1939 to 1945. Trade would have been reduced because of the cold war between the countries.

Topic 2
It is estimated that world's supply of oil will run out within about 50 years. What consequences may it have on our society?

 

 Actually, world's supply of oil will run within about 50 years. In current, Liguids and Coal is the most commonly used fual. And the amount of fuel continues to increase even on a graph. If this situation persists, our children will not live a rich life as current. Car that move with oil will be discarded. At night, city will become dark. To avoid this situation, we should actively develop nuclear energy, hydroelectricity and other renewables. From now, we need to lower the dependance of oil and coal. Perhaps NASA may don`t know centain answer. So may be they are preparing to leave to universe in secret to public like story that often seen in movies.