[Knowledge is Power] Exit strategy |
| [영어뉴스] 최종수정일 / 2009년 10월 08일 |
Exit strategy is called a means to get out of a bad situation. This means a retreat from a scenario once an army attains its object. In economic terms, it is a process of restoring basic economic policy conditions.
Similar to an army retreat, the economy's exit strategy allows time for the market to adjust to changed conditions and minimize confusion. Not only recession needs an exit strategy. Recently, the policy authorities and academic world were considering the possibility of inflation and discussing an 'Exit strategy' by way of recovery in liquidity.
By reporter Park Chan-young hakbocy@donga.ac.kr 동아대학보 제1073호 (2009. 10. 5)
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