Informal economy

Tourism is one of the fundamental sector that contributes to every country’s economy. Singapore, as a developed country, have witnessed the nation’s tremendous growth in terms of its tourism attractiveness and competitiveness. The evolution from a chaotic fishing village to a popular tourism hub in Asia. The tourist arrival numbers has been increasing yearly from 9 million to 15 million since the introduction of the Integrated Resorts as reported by Singapore Tourism Board (STB). Thailand, a…

SECTION 2: Casablanca’s Strengths and Vulnerabilities (on a global scale) Strengths When measuring the global attractiveness and growth of a city, 4 main factors are taken into consideration: infrastructure, ease of doing business, GDP, and Middle class growth. In this case, Casablanca has no shortage of these global strengths. In terms of infrastructure, Casablanca houses strong internal and external connections. -Internally, the city contains the largest tram line in Morocco, running 31…

are global warming, depletion of the ozone layer, pollution of oceans and rivers, rainforest destruction and the loss of biodiversity. Lastly, the issue of terrorism and national security has had an enormous impact on global politics, society and economy in the 21st century. In the post-9/11 era, various governments have used authoritative force in an attempt to contain terrorist groups that operate globally, possess sophisticated weaponry, and pose a serious threat to populations around the…

leaders bring forth different experiences for the country and the global political economy. Similarly, China’s role in the past depended on pervious leader named, Mao Zedong and had many influences that impacted China. During the year, 1949, Zedong came into power for China and his intentions were driven by the method of communism (Yu, 2014). Thus, for communism to exist, markets become closed of and growth of economy is reduced. As a result, communism was his focus even though it is…

Challenges in the Indian Tourism Industry: Travel & Tourism industry in India is growing and it has vast potential for generating employment and earning large amount of foreign exchange besides giving a fillip to the country’s overall economic and social development. But a long way needs to be covered hence much more remains to be done. Therefore, there are challenges involved in tourism industry. Lack of proper infrastructure, is being one of the…

Introduction- Indian Hotel Industry The Indian hotels and motels industry has declined in 2013 but the industry is expected to accelerate back to growth in 2014 with double digit growth rate through the period 2014-2018. The industry has CAGR of 4.5% in revenue growth between 2009 and 2013 with $4.2bn revenues in 2013. The number of hotels increased with CAGR of 4.4% in the same period. Leisure is the largest segment in the Indian Hotels and Motels industry, accounting for 71.5% value whereas…

with the sha’riah. Islamic labor market is the market of labor that done consonance with Islamic principle and sha’riah . The Capitalist economics is an economics system where individuals without government intervention to decide the decision in the economy . In other words, capitalist labor market is the system of labor based on the private ownership in the means of production . The different of characteristics between Islamic Labor Market and Capitalist Labor Market found to make both them…

1.5 State Financial Corporation (SFC’s) The State Finance Corporations (SFCs) are the major component of financial institutional structure in the country. SFC provides financial assistance to small and medium industries of the states. SFC’s are plays significant role in establishing balanced regional development, higher investment, more employment generation and broad ownership of industries. Objectives of State Financial Corporation • To set up consistency in local commercial ventures. • To…

opinion the Tokugawa shogun period provide the foundation for modern economic growth in and after the Meiji period despite that the Japan economy couldn’t growth as rapid as the European one. However, there are a historical debates about the modern economic growth in the Edo period. According to them, there was no economic growth during the Edo period and the economy itself was sluggish. At the governance of Tokugawa family there were a lot of changes which provide the foundation for modern…

Our life is made up of an infinite number of choices we have to make. Where we do go, we have to choose some goods. Not only the luxury ones, because generally in the economy, it is assumed that a person when making decisions, taking into account his income, his preferences and utility. For luxury goods, can not be counted more general category, because not all luxury goods can be used. For example, if the bidder buy…