...Dubai-United Arab Emirates Final Paper Study Abroad: December 26, 2010 – January 6, 2011 1. Over the past 20 years Dubai has transformed into a city of economic growth and focus. Unlike its neighbors, the city and the UAE as a whole, has developed into a diverse economic state that has become a center for business and tourism. Although the city was built on the oil industry, it is the city’s current model of business that has driven its economy. Many of the city’s main revenues come from tourism, real estate, and financial services. Typically overlooked, it is Dubai’s economic development strategy that has kept the city profitable and growing. Dubai’s economic development strategy has implemented many strategies that the government believes will help ensure long term stability and sustainability. One tactic the government has developed is the implementation of free zones. These free zones have been designed to contribute to Dubai’s growth and development. One main item is involved with these zones however—the legal status of the companies within these zones. These companies are treated as foreign companies operating outside the UAE. Most sales of the companies located in these zones are exported without any tax being imposed. Owning a company in a free zone allows for 100% retention of profits (Reed). The free zones in Dubai include financial centers, media centers, and technology centers. Dubai has also taken up a large investment in the real estate sector...
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...transformative era in American history, marked by rapid industrialization, urbanization, and economic expansion. Central to this dynamic period was the massive influx of immigrants who arrived on American shores in search of better opportunities. These immigrants played a pivotal role in shaping the economic landscape of the United States, contributing significantly to its growth and development. They provided the labor force essential for the burgeoning industries, fueled innovation and entrepreneurship, and enriched the...
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...American University of Science and Technology Instructor: Mrs. Rola Prepared by: Hisham Kanawati Cedar Island 18/5/2015 Nowadays, tourism including services is one of the world's largest and dynamically developing sectors of economic activities. And in many countries tourism and services industry is the major economy and its predicted to be the largest income generating for a country in the near future due to its high growth and development rates, volume of foreign currency inflows and infrastructure development. For decades tourism industry growth has been a major contributor to increased economic activity in the whole world. Also, it has created jobs for youth and different background people in all communities and as mentioned before, it's the dominant economic activity in some countries. (1) Tourism and services in Lebanon is a growing and promising industry. The Lebanese economy is a services economy, where services account for 75% of Lebanon's GDP which was USD 40.1 billion in 2011, whereas industry accounts for 20%, and agriculture around 5%. (2) Tourism and services form 21.1% of the economic activity in Lebanon that provides 318,000 job opportunity which contribute to 20.3% of jobs in 2015. (3) Lebanon is very well known for its nature where mountains almost touches the sea and has 225 km coastline. It's the only country that has the winter ski sport in the Middle East, plus there're 300 sunny days during the year, and in the ancient...
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...CASE STUDY SUMMARY Case Study: | Christchurch Earthquake, New Zealand | Year: | 2010 | Event Profile Magnitude | Enormous | Sept 2010- 7.0Feb 2011- 6.6 | Small | Speed of onset | Rapid | | Slow | Duration | Long | Sept 2010- 40 seconds | Short | Areal extent | Widespread | | Limited | Spatial predictability | Random | | Predictable | Frequency | Frequent | 2010 earthquake had frequent aftershocks (over 14,000) | Rare | Facts Country Profile- NEW ZEALAND | LocationThe group of islands is located in Oceania, southeast of Australia, in the South Pacific Ocean. The 2 main islands are North Island and South Island. | Map | PopulationNZ: 4,438,393(Christchurch: 366,100) | HDI 0.913 (9th) | GDP (US $)$166 billion | GDP per capita (US $)$36,400 | Government Parliamentary democracy and a Commonwealth realm | Political Stability | What happened? | Magnitude / LocationSeptember 4th earthquake occurred along an east-west fault (not Alpine Fault), associated with the motion of the two tectonic plates. Fault that caused the earthquake was under the Canterbury Plains- flatlands between the Southern Alps and the Pacific Ocean. The quake was centred around 45km west of Christchurch. February 2nd epicentre was 10km away from Christchurch with a shallow focus of 5km. This earthquake caused much more damage and had a greater impact on the area. | Time / Speed of onset / DurationFriday, September 03, 2010 at 16:35 PMSaturday, September 04, 2010 at 04:35...
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...Name: Nigel C. Thompson Jr. Course: ENG 300 Student Id: 000-05-2886 Due: February 11, 2015 The Economic Benefits of Developing a Family Island Economic growth is a phrase which indicates the increase per capita gross domestic product (GDP). There is a clear distinction between the nominal and real growth economically. The first, growth rate includes inflation; the second is the nominal rate which is adjusted for inflation. When on the topic of economic growth, it is mainly related to the long run, which is not to be confused with short-run variation because it is known as the business cycle. The path which is taken on the long-run is a common question in economics (Economic Development - Benefits, n.d.). In the Bahamas there are two (2) major industries, which are tourism and banking (Deltuvaite & Sineviciene, 2014), however, the tourism industry is mainly directed to one island of the Bahamas. If there were to be major development on a family island, it can be beneficial to the entire economic growth of the Bahamas, especially if it were to become more diversified. At the Bahamas Business Outlook, Mr. Vanderpool-Wallace made a very valid and interesting statement which most people in the Bahamas would be simply astonished to find out. “If New Providence & Paradise Island were a separate country in our region, it would rank 5th in the number of stopover visitors, 2nd in the number of total visitors and 1st in the number of cruise passengers in the entire...
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... Overview of Country Jamaica is an island nation in the West Indies. The capital of Jamaica is Kingston. It lies about 480 miles south of Florida and is the third largest island in the Caribbean Sea. The only two island that are larger that is Cuba and Hispaniola. (The World Book Encyclopedia vol 11) Jamaica was inhabited by the Arawak Indians, who were the first people to live in Jamaica named the island Xaymaca, which means land of wood and water. They based their communites on fishing, hunting, and small scale cultivation of cassava. Due to the appearance of the Spanish the Arawak Indians disappeared in 70-80 years. The disruption of the economic system, new diseases, and migration decimated the population. When the Spanish took over the island they were disappointed with the absence of gold on the island the Spanish used Jamaica as a base for supporting the conquest of the Americas, with its treasures of gold and silver. (www.jamaicans.com) In 1655, Jamaica was captured by the British expedition led by Admirals Penn and Venables and they gain possession in 1670. It was very little the Spanish did to defend it from the British because of lack of gold and silver. They fight African slaves which they called Maroons. The British and Maroons signed a peace treaty in 1738. Sugar became the major crop, and the island ranked as it’s most important slave market in the Western Hemisphere. In the late...
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...while demand has grown, and the population of the world has been increasing by more than 70 million each year. The emerging energy crisis is producing an economic crisis, as the prices of everything produced from oil (fertilizer, food, and fuel) rise beyond what some people can afford to pay. Energy and economic problems come at a time of unprecedented environmental concerns, from the local to global level. At the beginning of the modern era—in A.D. 1—the number of people in the world was probably about 100 million, one-third of the present population of the United States. In 1960 the world contained 3 billion people. Our population has more than doubled in the last 40 years, to 6.8 billion people today. In the United States, population increase is often apparent when we travel. Urban traffic snarls, long lines to enter national parks, and difficulty getting tickets to popular attractions are all symptoms of a growing population. If recent human population growth rates continue, our numbers could reach 9.4 billion by 2050. The problem is that the Earth has not grown any larger, and the abundance of its resources has not increased—in many cases, quite the opposite. How, then, can Earth sustain all these people? And what is the maximum number of people that could live on Earth, not just for a short time but sustained over a long period? Estimates of how many people the planet can support range from 2.5 billion to 40 billion (a population not possible with today's technology). Why...
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...Strategy Final: Is JetBlue's strategy conducive to sustaining profitability? Team: Grant Carter William DiSciullo Andrea Kalmans Professor McAfee April 9, 2002 1 Introduction In the April 1st, 2002 edition of Barron’s, a tag line in the “Marketweek” column reads, “Airlines and other money-losing companies.” 1 This tag line reflects the intense rivalry and the massive financial losses undergone in the airline industry in the past few months due to the economic recession and the 9/11 terrorists attacks. Amidst this airline industry malaise, however, JetBlue Airlines (”JetBlue”) launched service in February 2000 and generated over $41 million in profits in 2001.2 In this report, we explore the question, “Is JetBlue’s strategy conducive to sustaining profitability?” The answer is a resounding “Yes”. At the one thousand foot level, we believe that even in the unattractive airline industry in which companies try to differentiate on qualities other than price -- but in the end often compete on price -- JetBlue has a unique formula for success. It competes head-to-head with the majors, particularly Southwest Airlines (“Southwest”), on price, cost structure, features, and customer satisfaction. However, the company has carved a niche in which a “live and let live” strategy should prevail. Indeed, a rival attempting to bankrupt JetBlue may well cause more harm to itself than to its target. Airline Industry Overview Background At one time the airline industry resembled the utility...
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...1900 At the turn of the 20th Century Galveston, Texas was a prospering city that many considered to be ahead in the race for economic dominance in the state. It had a population of 37,000, a thriving business district, and an extremely active port which made it the center of trade in Texas. However on September 8, 1900 a hurricane swept the island, devastating its population, destroying many homes and businesses, and cutting it off from the rest of the world. Galveston is an island 30 miles long and at many points no more than one mile from north to south. Located off the south-eastern coast of Texas, it lies in between the Galveston Bay and the Gulf of Mexico. Its location, while making it conducive to the sort of economic and social growth that came at the end of the 19th Century, also makes it dangerously prone to hurricanes. Warm waters, like those in the Gulf of Mexico, are a source of energy for storm systems. On top of sitting in warm ocean water, Galveston has a max elevation of only 8.7 feet (and an average much lower than that), making it susceptible to the dangers of storm surges and flooding. Since most of Galveston is at or only slightly above sea level, high waters pushed ashore by heavy winds were able to flood over the entire island, washing people and property away with it. Galveston’s societal conditions further exacerbated the destruction. In the late 19th and early 20th Century, the island was a thriving port and a center for trade in Texas. It had a growing...
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...going under construction in the upcoming months. Staten Island Waterfront will be transformed into a retail complex and hotel. "This project will cost around 500 million dollars to complete, but is said to create over 1,100 construction jobs and 1,300 permanent jobs, also attach more than 2 million people a year." This will create a major revenue income to the city with the amount of tourists that visit. The Staten Island’s waterfront will also be constructing one of the largest Ferris wheel in the Western Hemisphere. “This Ferris wheel will be 630 feet tall, which is 89 feet higher than the Singapore Flyer, currently the tallest observation wheel in the world, having thirty six capsules that will be able to...
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...Hainan to Become an International Tourism Island In 2010, Chinese Government delivered the “fundamental future blueprint and action plan for the development of Hainan International Tourism Island over the next few years.” This implies that Hainan, the southernmost as well as the only completely tropical, island province of China, is going to open its arm to the entire world and to focus on attracting foreign visitors while continue to welcome people from inland China. Located in the South China Sea and separated from the mainland by the 24-km Qiongzhou Strait, Hainan is 33 920 km2 in area with a population of about 7.79 million people in 2002, comprising 1.34 million (17.2 per cent) ethnic minorities.(Kai Gu, Geoffrey Wall, 2) To most Chinese, Hainan Island is a paradise which is unaffected by pollution yielded from heavy industry; it is also a wonderful place to spend the long, freezing winter of people from northern China. The fresh air, the moderate climate, the brightly shiny white beach, the natural formed hot spring, the clear seawater with colorful marine organisms and the abundant tropical plants and fruits are all the tourism resources attracting tourists year after year since ancient dynasties of China. However, with the restriction of inconvenient transportation and unopened policies of old time Chinese government, the mass tourism with foreign visitors had never formed. With the new policy declared, government will definitely put immense fund to pump up the foreigner-focused...
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...ethics. 2. What is Lokita’s role? Cross Salsa provides medical assistance to a vast majority of patients in the Fort Kingfish area. The medical billing department, allows the Cross to process patient’s billing within the organization. Melanie Popins, Director of Central Drilling, oversees the financial position of patient’s medical expenses to the hospital through therapy and procedures. Jacqueline’s immediate role is to provide medical billing assistance by processing hospital claims through Medicare and other insurance companies. This helps in minimizing account receivables. Part II – Assignment Outline 1. Introduction a. Long Island Ice Tea– When one thinks of the South Pacific, they would think of paradise; white beaches, gentle surfs, swaying palm trees, and tropical breeze (Business Scenario, 2011). i. Location – 1. Lava Island is locate in South Pacific, Hawaii ii. Ethnic mix – 1. Indigenous South Pacific tribes, Asian (Chinese primarily), African, French, Spanish, and since World War II a sizeable number of Americans (Business Scenario, 2011). iii. Religions – 1. Indigenous 50%, remainder closely divided between Christian, Buddhist, and Islamic. iv. Languages – 1. Numerous indigenous, as...
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...Economic and Trade Relations of China and Japan China contains more than 5,000 years of history. This remarkably long past earns china the title of the oldest civilization in the world. The country possesses the largest population of 1.344 billion and a Gross Domestic Product (GDP) of $7.318 trillion in U.S. dollars ("World bank, china," 2011). Although China has an extremely high GDP, the extremely large population is a problem since they cannot provide enough resources for the entire population. This makes it imperative for China to trade and have relations with the world around them and participate in the global economy. That being said, with there incredibly dense population, they have a labor force of 795.5 million which allow them to be very large competition for the rest of the world. Since the 1970s, China has evolved from a closed, central system to a market-orientated system that makes China the world's largest exporter. This was accomplished by the gradual liberalization of prices, fiscal decentralization, creation of a diversified banking system, the growth of stock markets, the opening to foreign trade and investment, rapid growth of private sectors, and the decrease in collective agriculture ("Index mundi: China," 2012). In the more recent years, China has once again brought back their support for state-owned enterprises (SOE) for the purposes of economic security. The restructuring of the economy and resulting in efficiency gains have brought China to be...
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...volcanic islands in the South Pacific. The archipelago consists nearly of 900 islands and islets. Around 106 are permanently inhabited. The largest island, Viti Levu, covers about 57 % of the nation's land area. It also hosts the two most important cities, Suva, and Lautoka. Most other major towns contain around 70% of the population. Vanua Levu, north of Viti Levu, covers a little over 30 % of the land area and holds 15% of the population. The two main islands are mountainous, with peaks up to 1300 meters. Fiji gets a lot of rain per year and the tropical rain forests that developed on these mountains flourish. The lowlands on the western portions of each of the main islands are sheltered by the mountains. These spots are well equipped for a dry and well-marked season which is favorable to crops such as sugarcane. In the past decade, the island of Fiji has had a very unstable pattern for economic growth. Year Real GDP Population Real GDP per capita RealGrowth Rate 1995 1,519,000,000 767,936 1978 4.81% 1996 1,592,000,000 775,950 2052 -2.20% 1997 1,557,000,000 783,156 1988 1.28% 1998 1,577,000,000 789,680 1997 8.81% 1999 1,716,000,000 795,788 2156 -1.69% 2000 1,687,000,000 801,681 2104 1.96% 2001 1,720,000,000 807,329 2130 3% 2002 1,775,000,000 812,658 2184 1.01% 2003 1,793,000,000 817,791 2192 5% 2004 1,888,000,000 822,885 2294 0.69% 2005 1,901,000,000 828,046 2296 3.42% 2006 1,966,000,000 833,330 2359 From the evidence above, you can see the real growth rate of...
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...in 2002, have enjoyed significant and steady growth since inception. The concern now is to devise a solution that will allow Porter to continue its controlled expansion strategy, as it has been so successful and integral to the growth of the company over the past several years. Situation Analysis Porter Airlines operates in a fiercely competitive airline industry, where competitors compete based on price, service, and comfort of passengers, and frequently engages in predatory practices to squeeze out smaller players in the market. The performance of the company depends on external environment factors, such as economic factors of oil and fare prices that will influence margins, or political factors impacting the future bridge and accessibility improvements to the city center airport. Porter’s competitive advantage is linked to the convenience of the Toronto City Center Airport, such as proximity to business core and expedited security and check-in times. Additionally, a critical success factor for Porter is to maintain the commercial exclusivity on the airport, to take advantage of cost savings as a result of being the owner, tenant, and operator. Competitive advantage is also a result of operating a single class of aircraft that has significant cost and operational efficiencies. Alternatives and Recommendation ------------------------------------------------- Several alternatives were provided for Porter to continue its growth, including a focus on refining competitive advantages...
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