Informal economy

Money has always been a dilemma throughout civilization. Financial stability as well as other people’s social hierarchy is also something many people in different decades and until now deal with. At times, money can cause to take control over a person due to their strong desire to have a large amount of money in their pockets as well as using that money to become powerful. Usually, the drive to earn money is because they want to raise there social hierarchy or to live a lifestyle of buying…

technology, and education. These countries were the first to transform from a developing nation into a newly industrialized nation (Cateora, 327). These regions, also known as the “East Asian miracles”, highly influenced the creation of China’s economy and trade relations. The four Asian Tigers’ economic boost and trade alliances, motivated the U.S. Trade Representative to develop a free trade agreement. Singapore and South Korea were the first to consent to the U.S. Trade Representative's offer…

and global levels. Transport is indispensable for the well-functioning of and development of economic activities, for the production and distribution of goods and services as well as for trade [1]. Road transport plays a very important role in the economy of all nations globally. Road transport is, of all modes of inland transport, the one which has increased the most in all countries in recent times. The road transport industry is the backbone of strong economic and dynamic societies. It is…

central argument of the Asiaphoria by Lant Pritchett and Larry Summers Asiaphoria was first defined by Lant Pritchett and Larry Summers (2014) as a view that Asian Giants, especially China and India will increasingly shape and dominate the global economy. Although many scholars hare the idea that Asian Giants will continue to grow at high growth rate, like Justin (2016) and Pradeep (2015), let alone similar claim from World Bank, Pritchett and Summers do not agree with Asiaphoria and claim that…

Introduction There are two internationalization strategies which play an active role behind the development of small and medium sized enterprises (SMEs): exporting and foreign direct investment (FDI). They either act jointly or individually to affect the growth of such firms. FDI is more effective than exporting strategy for the growth of SMEs. A strategy which incorporates high rate of exporting with high FDI will have obviously higher rates of firm growth. Those firms who take up the…

Since the kingdom of Bhutan opened its doors to tourism in 1974, the country has experienced consistent growth and development. Tourism in Bhutan has made major contributions to the economy by generating employment and surplus revenue for the government (Tourism Council of Bhutan, n.d). The tourism industry in Bhutan is based on principles of Gross National Happiness; implementing the strategy of high-value, low volume to prompt economic growth and to diminish poverty (Sasiwan, 2016). Tourism in…

OCBC. Therefore, if Temasek model is to be adopted by the Chinese government, it is inevitable that a large amount of privatisation would be necessary. As such, drastic changes and industry restriction would result in an earthquake for the state economy and thus makes it either unrealistic or require a long time…

With the great opportunities to affect the long last socioeconomic, political and cultural reform has make the Philippines stands on the acme of the new era of prosperity. Philippines require a dynamic local consumer market and attract foreign investment by investors outside of the country in key growth industries. Strategic location of Philippines which flanked by the Pacific Ocean and the South China Sea makes it a critical point to some 500 million people in the ASEAN market. Therefore,…

their types. Most of the hotel provides luxury amenities, serviced accommodation with restaurants. Boutique hotels are smaller and independent hotel that provides all such facilities. Small hotels provides a limited amount of necessary amenities. Economy hotels are also small and medium sized hotels that provide basic accommodation facilities with little or no services. Extended stay hotels are medium sized hotels that provide long term full service facilities and accommodation compared to other…

time and money, which generate income and employment which is helpful to develop our economy. That’s why it is very important to wellbeing of many countries. Before 1947, no one focused on this industry but at the beginning of this century, tourism was considered as an industry or business. Now government has taken essential or useful steps for promoting tourism because tourism is not only helpful in develop the economy other then it is helpful to create new habits, social development,…