...Tourism Impact on Economy | Table of Contents 1. Abstract------------------------------------------------------------------------------pg. 3 2. Introduction------------------------------------------------------------------------pg. 3- 4 3. Methods------------------------------------------------------------------------------pg. 4- 6 4. Results--------------------------------------------------------------------------------pg. 6- 13 5. Discussions--------------------------------------------------------------------------pg. 13- 14 6. Limitations--------------------------------------------------------------------------pg.14 7. Conclusion--------------------------------------------------------------------------pg. 14- 15 8. References--------------------------------------------------------------------------pg. 16-17 9. Appendix----------------------------------------------------------------------------pg. 18 * 1) Abstract The purpose of this report is to examine the effect that tourism has on the economy, including its’ pros and cons. Furthermore, we also addressed one of the major concerns of the tourism industry, the sustainability of tourism, which affects an economy’s growth and planning. We utilized multiple methods in order to research this topic. We first found and read an array of key journal articles that addressed the economic effects of tourism that is found from different websites and...
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...will look into the relationship between democracy and economic development. The paper opens with a brief look into the importance of economic development, and then looks into democracy and its elements and how they factor into the growth of the economy, with some hypotheses from specialists of the field. Cases of economic growth in non-democratic countries are also delved into, namely the case of China. There the paper analyzes what results in economic growth in the absence of democracy. In the end we come to a conclusion on the matter, whether or not democracy is a necessity for economic growth. Economic development is one of the core priorities of any given state, regardless of regime or position in the international...
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...over-dependence on global economy and misplaced Fiscal Austerity are the biggest challenges the Philippines is facing. This paper will attempt to look at three possible challenges posed to growth and real development of the economy in 2012, based upon the insights provided by the economic policy-making and decisions by the Aquino administration in 2011. The Republic of the Philippines is located in Southeast Asia and Manila is its capital city. The country comprises 7,107 islands and ranks as the 12th most populous country in the world. Like most other Southeast Asian regions, the Philippines too have a history of European colonization. It was a colony of Spain and the USA. The country is now home to multiple cultures and traditional ethnicity. It is also looked upon as a perfect example of a 'mixed economy'. Industrialization is a new development in the Philippines. Traditionally, the economy stabilized on the agrarian contributions and the manufacture of garments, pharmaceutical products and semiconductors. In the last decade, electronic exports added to the exports, including various products obtained by mining. The economy of the nation also largely depends on the remittances from Filipinos residing overseas and investing in the homeland. However, exports are not evenly balanced by the imports that include heavy electronics, garments, various raw materials, intermediate goods and fuel. The influence of the Manila galleon on the nation's economy during the Spanish period...
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...the gender gap is referred to like the differences in outcome that males and females attain in the labor market. The differences are perceived in the ratio of males and females in the labor market, occupations that they choose as well as the income that they receive (John , 2014, p. 291). 1.2 Aims The report seeks to analyze the gender gap in Malaysia about the wage differentials in the labor market. 1.3 Country The report has opted to choose Malaysia has the country to analyze the gender gap that exists in the wage differential. 2.0 Background 2.1 History In the recent past, the economy of Malaysia has undergone crucial changes shifting from overdependence on agriculture to service as well as the manufacturing industry. Recently the service sector has become the key to the economic growth of Malaysia. The service industry has evolved to a more knowledge and capital intensive activities that call for more skilled-labor (Becky & Jennifer , 2009, p. 252). Such changes have led to increasing the wages that are being paid on the market as well as demand for more labor. 2.2 Gender gap However in Malaysia, the male labor participants are much higher as compared to the female labor participants although they are equally educated. It has been observed that employers prefer males as opposed to their female counterparts as...
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...Mirko Hamparzumyan Business Environment Assignment Part 1 08 August 2013 Table of Contents Introduction 2 P1.1. Different types of business organizations and their purposes. 3 P1.2. Describe the extent to which an organization meets the objectives of different Stakeholders. 4 P1.3. Explain the responsibilities of an organization and strategies employed to meet them. 4 P2.1. Explain how economic systems attempt to allocate resources effectively. 5 P2.2. Assess the impact of fiscal and monetary policy on business organizations and their activities. 6 P2.3. Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organization. 8 Conclusion 9 References 10 Introduction In this assignment I will describe the types, content and objectives of business organizations and the surrounding business environment which is the sum of all external forces, actions and conditions that affect it and the opportunities to meet its contractual obligations, improve relationships with customers, as well as the opportunities for future development. The external factors are the elements of the ambient environment. I will define the components of the business environment which is composition of micro and macro environment. I will try to provide suggestions for better competition policy in the UK business...
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...BTEC National Subsidiary/Diploma/Extended in Business UNIT 1: The business environment Assignment Tutor: KAG Hand out Date: 21/9/15 Due in Date: 5/10/2015 Peer Assessment Final Submission 16/10/15 Work Checked By …………………….. Student Name: Ayotunde Ogunwale Grading Criteria Covered P1,P2,M1,D1 I have been asked to write a feature article in the next edition of the new paper titled business review. In my article I am going to be exploring two different types of business a profit making and a non-profit making; I will be focusing on the business Tesco and havering sixth form college. Here is a description for different types of business: * Local: a local business is a business that provides good or services to a local population. for example a corner shop which is a small business the support the area through their everyday need, there are so many benefits in having a local business; for example having a good customer service, you get to have a better interaction with the customer and attend to their needs. Small business experience less bureaucratic inertia. This enables them to respond faster to the changes in the market more quickly than the big companies. * National: a national business has a trade all over one country usually having store in all the big towns and cities .an example of a national business could be a post office which provides services all over the country by delivering mail; benefit of a national business * International:...
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...1: World’s largest economies by GDP 3 Graph 1.2: Key economic indicators in Germany since 2000 4 2. Germany’s economy in the lead up to the crisis 4 Table 2.1: Economic data since unification of Germany 5 3. Impact of the crisis in Germany 6 Graph 3.1: Exports in German compared to largest global exporters since 2000 7 Graph 3.2: Germany vs US employment data 8 4. Recovery of the German economy 8 5. Conclusion 9 6. References 10 Introduction: Germany at a glance Germany is a major economic and political force within Europe, and a founding member of the European Union (EU) since 1993. With a population of 82.1m and a Gross Domestic Product (GDP) of €2.5b, Germany is the most populous member state of the EU and has the largest national economy in Europe (EU website, 2014). As indicated in Graph 1.1 below, Germany also has the fourth largest economy by real GDP globally (behind the US, China and Japan) and is the third largest exporter in the world. Graph 1.1: World’s largest economies by GDP Source: International Monetary Fund, World Economic Outlook Database, April 2014 Exports make up approximately one third of Germany’s GDP and are driven by a strong industrial base. Germany is a major producer and exporter of automobiles, transport equipment, mining products, electronic and communications equipment, chemicals and pharmaceuticals (IMF, 2014). As a result of this concentration on exports, competitiveness in the global economy is an important factor...
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...opportunities and challenges for Vietnam in WTO accession should clarify these factors. 1. New international context, opportunities and challenges in development for Vietnam In recent period, the world situation changed rapidly and profoundly as never before. The impact of globalization and the knowledge-based economy forces developing countries to join the world economy system, and the situation for them is much more difficult than before. In general, the level of development in the modern world is measured by the following indicators: First, high speed of change and the faster pace of shortening in the production and technology cycle. Second, the global network structure and the complex nexus of the world economy. Third, conditions for economic development become unstable and unpredictable. Fourth, the balance of power is profoundly changing and driving the world economy, with power concentrating in a few nations and transnational corporations. These new developments entail great challenges to the late comers as follows: First, the reaction by governments and firms should be prompt and effective in a high-speed global game. Second, the cost of integrating into the global economy is high, especially to the poor countries. Third, competition at the global scale becomes vigorous. The traditional comparative advantage based on natural...
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...Book review By Johnson, Nsikak Emmanuel 11/SS/PA/1095 Department of Political Science and Public Administration Faculty of Social Sciences University of Uyo, Uyo. Submitted To Dr Uko Uwak Lecturer in change Pol 314; Politics of Development and Underdevelopment Department of political science and public administration Faculty of Social Sciences University of Uyo, Uyo. July, 2014. BOOK REVIEW Title: Development and underdevelopment: Politics of the north-south divide Author: O. O. Okereke/ A. E. Ekpe Place of Publication: Enugu-Nigeria Publishers: John Jacobs Classic Publishers Ltd. Year of publication: 2002 Numbers of Chapters: Nine Chapters Price of the book: Not Stated Numbers of pages: XV + 198 = 213 ISBN: 978-050-276-9 Reviewer: Johnson, Nsikak Emmanuel INTRODUCTION - PURPOSE OF THE BOOK Development and underdevelopment: The politics of the north-south divide is written specifically to keep the students and the general public abreast of the causes and reasons for Africa, Asia and Latin America Perpetual underdevelopment despite the enormous human and materials resources God deposited in the continent. According to the author of the book, development and underdevelopment: Politics of the north-south divide was written with the intention to familiarize the readers with exciting and challenging subject of political economy of development and underdevelopment. It endeavour to expose the students to various strands of perspectives that are inherent...
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...growth rates, and (II) why we might expect poor countries to grow more quickly than rich countries. There is a huge diversity of how economies expand. Some countries manage to grow at a remarkably fast pace, while others suffer failures almost every time they attempt to improve. In order to explain why countries experience different growth rates and also why poor countries experience growth at a faster rate than rich countries one will have to take a look at the economic theories for this aspect. Firstly, economic growth can be defined as the increase of goods and services, which an economy produces over time. The first theory to go through is the traditional growth theory, which concentrates on the accumulation of physical capital, which explains why some countries are much wealthier now than a century ago. That only scratches the surface, however, as modern economies differentiate from those a century ago, due to the advance in technology resulting in better infrastructure and machinery, producing better goods more efficiently. The neo-classical model of Solow was unable to explain this, treating it as exogenous. ( Sérgio Rebelo, “Why Do Growth Rates Differ?”) Thus the endogenous theory came in to shine light on the matter. It originated from the studies of Paul Romer, who sought to understand the circumstances which could result in the economy displaying sustainable growth, despite the lack of any exogenous increase in productivity. ( Sérgio Rebelo, “Why Do Growth Rates Differ...
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...SOUTH AFRICA ON THE FACE OF THE GLOBAL RECESSION South Africa was not spared by the global recession that gripped the global markets in 2009. The global economy remained firmly in the grips of a recession in the first quarter of 2009, South African markets correspondingly quaked as activity continued to decline at broadly the same pace that had been registered in the previous quarter. Driven by further sharp contractions in real output of the advanced economies in the wake of the financial crisis, the decline in production and international trade volumes reverberated in all parts of the world (Quarterly Bulletin, No.252). Accordingly, emerging-market economies also recorded significantly slower and even negative rates of growth, with declining export demand and lustreless prices of most export commodities acting as powerful brakes on the growth momentum in Africa and elsewhere in the developing world. 407 The South African Quarterly Bulletin, No.252 further noted that under these circumstances inflationary pressures dissipated in most parts of the world. At the same time, numerous countries continued with their efforts to support aggregate demand by means of unparalleled infusions of fiscal and monetary stimulation. Up to the first quarter of 2009 this did not seem to have had the desired effect. Most recently, however, there have been some improvements in a limited subset of indicators, suggesting that the pace of decline in global demand may be decelerating....
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...budget as well as the labor market, national ownership, and many other areas of government interventions into the economy. Nature of Economic Policy The ideal economic policy, both for today and tomorrow, is very simple. Government should protect and defend against domestic and foreign aggression the lives and property of the persons under its jurisdiction, settle disputes that arise, and leave the people otherwise free to pursue their various goals and ends in life. This is a radical idea in our interventionist age. Governments today are often asked to lower the prices of others, to fix wages, to help some businesses get started and to keep others from failing, to encourage or hamper imports and exports, to take care for the sick and elderly, to support the profligate, and so on. Ideally government should be a sort of caretaker, not of the people themselves, but of the conditions which will allow individuals, producers, traders, workers, entrepreneurs, savers, and consumers to pursue their own goals in peace. If government does that, and no more, the people will be able to provide for themselves much better that the government possibly could. Concepts of Economic Policy: * Economic policy seeks to achieve objectives such a high rate of growth, a low and stable rate of inflation and high levels of employment * Government seek to manage the economy through using a number of tools or policy instruments * The mix of policy instruments used varies overtime both...
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...Insight Report The Global Competitiveness Report 2014–2015 Klaus Schwab, World Economic Forum Insight Report The Global Competitiveness Report 2014–2015 Full Data Edition Professor Klaus Schwab World Economic Forum Editor Professor Xavier Sala-i-Martín Columbia University Chief Advisor of The Global Competitiveness and Benchmarking Network © 2014 World Economic Forum World Economic Forum Geneva The Global Competitiveness Report 2014–2015: Full Data Edition is published by the World Economic Forum within the framework of The Global Competitiveness and Benchmarking Network. Copyright © 2014 by the World Economic Forum Professor Klaus Schwab Executive Chairman All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, or otherwise without the prior permission of the World Economic Forum. Professor Xavier Sala-i-Martín Chief Advisor of The Global Competitiveness and Benchmarking Network Espen Barth Eide Managing Director and Member of the Managing Board ISBN-13: 978-92-95044-98-2 ISBN-10: 92-95044-98-3 Jennifer Blanke Chief Economist This book is printed on paper suitable for recycling and made from fully managed and sustained forest sources. THE GLOBAL COMPETITIVENESS AND BENCHMARKING NETWORK Margareta Drzeniek Hanouz, Head of the Global Competitiveness and Benchmarking Network and...
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...INDIAN BUSINESS ENIRONMENT MBA–2nd SEMESTER, M.D.U., ROHTAK External Marks : 70 Time : 3 hrs. Internal Marks : 30 UNIT-I Nature, components and determinatnts of business environment; basic nature of Indian economic system; relation size and growth of public and private corporate sector, social responsibility of business; broad features of India's now economic policy. UNIT-II Trend and pattern of industrial growth; review of industrial policy developments; industrial licensing policy; liberalisation of the private sector; trends and issues in corporate management; growth and problems of the small scale sector; public sector reforms and privatisation the problem of industrial sickness; MRTP Act, SICA and Industrial Disputes Act. UNIT-III Development banks for corporate Sector (IDBI, IFCI, ICICI) - trends pattern and policy; regulation of stock exchanges and the role of SEBI; banking sector reforms, challenges facing public sector banks; growth and changing structure of non bank financial institutions; problem of non performing assets in Indian Banks. UNIT-IV Trend and pattern of India's foreign trade and balance of payments; latest EXIM policy-main features; policy towards foreign direct investment; globalisation trends in Indian economy; role of MNC's; India's policy commitments to multilateral insitiutions - IMF, World Bank and WTO. NOTE : The question paper will be set by the external examiners. The external examiner will set 8 questions in all, selecting not more than two questions...
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...the Economy ’’ THE 2015 BUDGET STATEMENT AND ECONOMIC POLICY ~ ii ~ Theme: “Transformational Agenda: Securing the Bright Medium Term Prospects of the Economy ’’ For copies of the Statement, please contact the Public Relations Office of the Ministry: Ministry of Finance Public Relations Office New Building, Ground Floor, Room 001/003 P. O. Box MB 40 Accra – Ghana The 2015 Budget Statement and Economic Policy of the Government of Ghana is also available on the internet at: www.mofep.gov.gh ~ iii ~ Theme: “Transformational Agenda: Securing the Bright Medium Term Prospects of the Economy ’’ ACRONYMS AND ABBREVIATIONS ABFA ACLP ADR AFCON AfDB AIDS AML AMSECs APR ATMA AVIC BACs BDS BIEPC BoG BOP bopd bps BR BRICS BSPs BVDs Annual Budget Funding Amount Ascertainment and Codification of Customary Law Project Alternative Dispute Resolution African Cup of Nations African Development Bank Acquired Immune Deficiency Syndrome Anti-Money laundering Agricultural Mechanization Services Enterprise Centres Annual Progress Report Accra-Tema Metropolitan Area Accra Visitor Information Centre Business Advisory Centres Business Development Services Bawku Inter Ethnic Peace Committee Bank of Ghana Balance of Payments barrels of oil per day basis points Benchmark Revenue Brazil, Russia, India, China, and South Africa Bulk Supply Points Biometric Verification Devices ~ iv ~ Theme: “Transformational Agenda: Securing the Bright Medium Term Prospects of the Economy ’’ ...
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