Market Survey By: Dr C. VETHIrAJAN IMPACT OF TOURISM ON INDIAN ECONOMY Tourism can generate maximum employment opportunity because of a large number of subsidiary industries. September 2008 and a 3.3 per cent growth in passenger traffic through September. The negative trend intensified during 2009‚ exacerbated in some countries due to the outbreak of the AH1N1 influenza virus‚ resulting in a worldwide decline of 4 per cent in 2009 to 880 million international tourist arrivals‚ and an estimated
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The Impact of Tourism on Economy of Singapore Introduction Located in the southern tip of Malay Peninsula‚ Singapore is a sovereign city-state and island country in Southeast Asia. By 2012‚ the population of the country was 5.3 million‚ composed by 62 percent citizens and 38 percent permanent residents or foreigners. As a small country with limited resources‚ it is strategized to develop itself as a trading-based and tourism-based country. In 2013‚ there were 15.6 million tourists visited the country
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OF FDI: There has been a marked increase in both the flow and stock of FDI in the world economy over the last 30 years. FDI has grown more rapidly than world trade and world output because: Firms still fear the threat of protectionism. The general shift toward democratic political institutions and free market economies has encouraged FDI. The globalization of the world economy is having a positive impact on the volume of FDI as firms undertake FDI to ensure they have a significant presence in
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Internal economies of scale arise when firms increase their scale of production. Hence‚ they incur lower average costs of production‚ either through specialization or other factors. When average costs fall‚ giving the price of the good to be constant‚ profit margins of these firms will be increased. Thus‚ the individual firm benefits from internal economies of scale. External economies of scale arise when all firms in an industry experience decreasing average costs of production‚ which can be
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The Impact of Globalization on US Economy Globalization is a good thing. However‚ its implications on economies are not entirely rosy. There are people who have been negatively affected by globalization. Globalization has resulted to more jobs‚ and generated more wealth something that cannot be said of everyone. People in developed nations have been hurt by it. Americans are one such lot. Factories have closed and moved to locations such as China‚ Vietnam and Mexico. The factories that have remained
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THE IMPACT OF EXCHANGE RATE FLUCTUATION ON MACROECONOMIC PERFORMANCE IN NIGERIA CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY This study is designed to examine the causes of exchange rate fluctuations and their impact on the Nigerian economy since there is scarcely any country that lives in absolute autarky in this globalised world. The economies of all the countries of the world are linked directly or indirectly through asset or/and goods markets. This linkage is made possible through
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The Impact of Globalisation on the Australian Economy Globalisation is not new. Australia has been involved in trade‚ investment‚ financial flows‚ technology transfers and the migration of labour since its foundation as a colony. What has changed is the size‚ direction and influence of these transfers‚ especially since 1980. There are a number of factors that have aided this transformation. They include: The expansion of new markets foreign exchange and capital markets are linked globally
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The Aging and its Impact on the Economy SOC 304 Social Gerontology December 01‚ 2014 The Aging and Its Impact on the Economy The aging population has and continues to have a profound impact on the economic stance and demographic transition within the United States that affects individuals‚ families‚ Social Security funding and availability‚ employment and the retirement age limitation. As the baby boomer generation begins to age the demographic consistency of the population will change and there
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Chapter 7 External Economies of Scale and the International Location of Production Copyright © 2012 Pearson Education. All rights reserved. Preview • Types of economies of scale • Economies of scale and market structure • The theory of external economies • External economies and international trade • Dynamic increasing returns • International trade and economic geography Copyright © 2012 Pearson Education. All rights reserved. 7-2 Introduction • The models of comparative
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IMPACT OF TOURISM TO MALAYSIA ECONOMY The significant role played by the tourist industry in Malaysia can be traced from its earliest developments. This is because in comparison with other South-EastAsian states such as Indonesia and Thailand for instance‚ Malaysia was less developed in the tourist industry sector. Today it has become the country’s second biggest source of foreign exchange and the third largest economy sector. Over the years the industry is significantly contributing to GDP (gross
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