Lee, Hong-Rae. 1997. Economy Conditions in the Minimalist Theory: Local Or Global. Linguistics, 5-1, 255-279. The paper discusses the problems related to the "global" nature of economy conditions in the Minimalist Program developed by Chomsky (1993 & 1995), and the advantages of reformulating "global" economy conditions into "local" ones. I suggest the Maximality Condition that requires that the operation with maximal effects be chosen to apply, to supplement Collins` (1997) Minimality Condition. (Seokang University)