the leading positions in the Far Eastern Federal District of Russia. The dynamics of the GRP point to the positive development for the last 5 years, with the slowdown of the economy in 2012 due to the cumulative effect of the economic crisis, which is common for major part of the Russian regions in 2012 – 2013 years. The economy of the region is diversified and consists of 15 sectors, with transportation, construction, and trade sectors as min contributors to the GRP. The GRP dynamic presented…
industries with international tourism accounting for 9% of the total GDP and one in every eleven jobs are related to tourism (Meleddu, Pulina, 106, 67). However, tourism by itself leads to various negative externalities on the environment, socio-economy, and local culture (Meleddu, Pulina, 106, 67). For this reason, ecotourism is important and is slowly gaining momentum. Ecotourism can be subdivided or classified into various categories such as sustainable tourism, scientific tourism, nature…
growth rate, and rate of technological progress. Economies that are advanced in technology, the advancement of knowledge is a very key determinant of growth, however, economies that are less developed, theoretical and empirical postulations observe that they focus less on advancing knowledge and invention of new technology. Economies that are more advanced in technology have knowledge as their key determinant of growth, however, in less developed economies, theoretical and empirical…
also addresses the Solow residual, means when economic growth is relying on new ideas and technologies. Another key feature of the Solow model is catch-up growth when poor countries growing at a faster rate as rich countries like China, Germany and Japan because the marginal rate of the return on Capital investment of these poor countries is very high. The Solow model has well explained the economic growth of the developing countries of last 10-20 years. But Solow model is not really useful when…
In the fast developing world, there is no room for doubt that rapid economic development is one of the most successful achievements in human history,both in developing countries and developed countries. Countless people are sharing the improvement of living standard in many aspects. However, with the threat posed by the increasing environmental problems and resource shortage problems, considerable amount of public attention is being attracted to the achievement of sustainable development.…
There are numerous definitions pertaining to globalization; Merriam Webster’s dictionary defines globalization as “the act or process of globalizing: the state of being globalized; especially: the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets.”(Merriam Webster) .The Oxford dictionary defines it as, “The process by which businesses or other organizations develop international…
I do agree with the Norwegian and Japanese position on permitting the hunting of non-endangered species of whales as a cultural exemption. Many countries were founded on whaling including the United States. Whales provided a large resource of food, fuel and luxuries such as perfume. It is still a part of the United States ' culture as there are Native American tribes who still hunt to this day as part of their culture. If you take a moral stance against non-endangered whale hunting then you…
in U.S. foreign policy in the post-Cold War era. No one argues that U.S. sanctions on Myanmar harm the interest of American companies that operate in this country. Myanmar is a promising prospect for business and investors with a underdeveloped economy in the heart of the fastest growing regions. In 2011, the local government overthrew the military junta which caused the U.S. to place the sanctions on Myanmar. Since then the government has responded to the economic sanctions placed upon…
Essay It is evident that China's economy and their technology has been booming day by day as they become an international hub for Foreign Investment and source of low-priced imports. From this alliance between two nations brings heavy dependence on one nation for the success of the other as witnessed by Canada's dependence on China. It is clear that the heavy dependence on the Chinese economy has been responsible for the recent significant decline of the Canadian economy. The future of Canada's…
Economic indicators The Korean government is very efficient. South Korea to play a large consortium, the resources concentrated in a few consortium who, the use of large to squeeze opponents, making Samsung, LG, modern technology and brands are among the world-class. South Korea on the panel, dram, the semiconductor industry to help them refine the investment overturned bend, China learned this (I said is learning to support dram, the semiconductor panel, not a consortium), so we are now the…