International political 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…

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…

increase the spending patterns of the people in the economy so that the inflation rate could be maintained. So the government increases the interest rates. Since the interest rates have increased, people will be more eager to save instead of spend it so that return on the savings can be increased. In this scenario the income is increasing, people have the power to purchase but instead they save it or invest it which further strengthens the economy. This doesn’t have an effect on the living…

Teenagers live in a time of sweeping technological advances, culture shock and relative affluence. Consequently, their attitudes and cultural awareness exhibit a number of distinguishing characteristics. Teenagers in India are also a robust part of the economy. They have a significant income of their own to spend and also wield increasing influence on household purchases. Teenagers are an important segment which marketers cannot afford to ignore. Teens are important because of their…

been significant controversy on whether globalization should be viewed as an advantage to the Caribbean, or perceived with aggression, as it has the ability to increase inequality amongst nations. It has had a significant impact on the countries’ economies throughout the years, and it continues to because of the rapid pace of technological advancements in today’s world. Evidence demonstrates that the economic growth has been declining in the Caribbean over the past 10 years by 2% annually,…

Because entrepreneurial activities are much determinant level of generating wealth, success, opportunity and prosperity in an economy. Developed countries and dynamic societies are welcoming entrepreneurs to nurture their economic activities. Many Economists states paradoxically as increasing entrepreneurship individually leads fierce competition in the market, which causes loss…