voyage probably came off a ship from Miami. In the 1970s‚ the country ’s former Prime Minister signed a loan agreement which ultimately led Jamaica to owe over four billion dollars in debt to the World Bank and IMF. This ultimately caused a sinking economy of low valued imports and to sweatshops destroying local businesses and agriculture. In the video‚ we see workers who are working gruesome six-day-a-week work schedules to receive the legal minimum wage of only $30 in US money for the entire week
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The Impacts of Global Financial Crisis Financial systems can contribute to economic development by providing people with useful tools for risk management‚ such as credit for productive investments‚ instruments for saving and insurance‚ and payments services. At the same time‚ when financial institutions fail to manage the risks they retain‚ they can create severe financial crises with devastating social and economic effects‚ especially for the world’s most vulnerable people. Crises can hit hard
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The global economy: Most economists now talk about the global economy‚ where the economies of individual countries are linked to each other and changes in a single economy can have ripple effects on other. The aggregate value of all goods and services produced worldwide each year in the global economy is known as gross world product. Economies are now more closely integrated‚ stronger and far reaching than ever before. Notes: Globalisation has become a dominant economic‚ political and social
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What is transnational strategy? A coordinated approach to internationalization in which the firm strives to be more responsive to local needs while retaining suffcient central control of operations to ensure efficiency and learning. Further‚ the transnational strategy combines the major strengths of both multi-domestic and global strategies while minimizing their disadvantages. Transnational strategy implies a flexible approach : standardize where feasible; adapt where appropriate. How the
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Iran defeats Philippines in Fiba Asia Championship After securing a slot for next year’s FIBA World Cup in Spain‚ Gilas Pilipinas fell after facing the giant Iranians last August 11 at the Mall of Asia Arena. The Iranians hammered Gilas Pilipinas and secured an 85-71 win to grab their 2013 FIBA Asia Championship gold medal for the third time. Without the injured Marcus Douthit‚ the Filipinos had trouble in containing the seven-foot-two Hamed Hadadi‚ Iran’s NBA veteran player that caused the
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Quiz 1 Chapters 1 through 4 Chapters 1: Question # 1 – How do international and transnational crimes differ? International crimes have been described as “crimes against the peace and security of mankind.” International crimes are based on international agreements between countries or on legal precedents developed through history‚ and include offenses such as genocide‚ torture‚ and enslavement of populations. International crimes are crimes that are committed within a country and do not cross
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A SITUTATIONER OF STREET CHILDREN IN THE PHILIPPINES (Presented at the Civil Society Forum on Promoting and Protecting the Rights of Street Children in Southeast Asia) Bangkok‚ Thailand March 12 - 14‚ 2003 1. Background A. Brief Overview of the Philippines The Philippines is an archipelago with a population of 76‚498‚735‚ and a population density of 255 per sq. km‚ as of the year 2000. Fifty-eight percent (58%) of this population is urbanized (1999)[1]‚ with an average annual urban
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1 Final Draft Amy L. Jones WTS 100 Erin Fuller December 10‚ 08 “The Global Water Crisis” Africa It was a four hour journey and most of the woman and children walked that twice a day. Just imagine getting up before dawn to make this long journey to get a bucket of water filled with a little water‚ dirt‚ algae‚ cow and goat feces‚ bacteria‚ mosquito larvae and other insect eggs‚ parasites‚ and various waterborne diseases waiting for a host. They have no time for anything else in the scalding-hot
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“The Children of the Drug Wars; a Refugee Crisis‚ Not an Immigration Crisis” is the name of the article that most caught my attention this semester by Sonia Nazario. An article that talks about different but very similar couple stories about children’s living in Central America. Children that live in very dangerous places where gangs are the big problem. Christian’s story‚ an 11 year old kid whose father was killed by this gangs members and his mother left to the U.S leaving him behind‚ is only one
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| | * New Economy vs. Old Economy | 2 | * Microsoft Corporation | 3 | Ford motor | 3 | Revenue and profit | 4 | Code of ethics statement | 5 | How effective is the firms? | 14 | Conclusion | 17 | Introduction * New Economy vs. Old Economy The world economy has recently changed. A new world economy has emerged over the last decade as two long-run broad trends‚ globalization and advances in information and communication technology (ICT) have converged. This ‘new economy’ is significantly
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