Recession 16Specifically‚ Freund (2009) defines global downturns as years when world real GDP growth is (1) below 2 percent‚ (2) more than 1.5 percentage points below the previous five-year average‚ and (3) at its minimum relative to the previous two years and the following two years. 1975‚ 1982‚ 1991‚ 2001‚ and 2008 Freund (2009) describes the evolution of world trade following four previous global downturns. She finds that the size of the decline in world trade during these episodes is
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Current Great Recession (2009-2011) The Great Recession in the United States began in December 2007 and went on for year and a half. Over that period‚ U.S. genuine GDP fell by 4.7 for every penny‚ making the subsidence the longest and most profound since the Great Depression (Blinder & Zandi‚ 2010). U.S. private venture dove by nearly 60 for every penny from its crest in the final quarter of 2005 to its trough in mid-2011; as an offer of GDP‚ it dropped from 6.3 for each penny in the final quarter
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research‚ interpretation of findings‚ and preparation of the final draft according to thesis standards 1. Overview of casino gaming operations in the hospitality and tourism industry from a global and local perspective. 2. The functions and transactions associated with the gaming operations environment within a resort casino. 3. A hospitality management and societal perspective of the pros and cons of gambling entertainment. 4. Factors affecting design‚ selection‚ physical facilities
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treat him like he is family‚ this concept is known as hospitality. In this epic poem this theme is constantly shown by some of the main characters and other characters too. Most forms of hospitality are good but at times there is also bad hospitality shown. Both positive and negative examples of hospitality exist in The Odyssey; Homer uses both these examples to suggest that good hospitality shows loyalty and nobility to others while bad hospitality shows that that person does not care about
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Hospitality--An Essential Trait “If I have found favor in your eyes‚ my lord‚ do not pass your servant by. Let a little water be brought‚ and then you may all wash your feet and rest under this tree. Let me get you something to eat‚ so you can be refreshed and then go on your way—now that you have come to your servant.” When two angels passed the door of Abraham’s tent‚ he immediately pleaded the men to stay at his place. He also brought water to wash the men’s feet and ordered the servant to prepare
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people may have offered hospitality initially‚ in fear/honor of Zeus or just in pure kindness. You can see this in action when Odysseus visits Phaeacia‚ ( Books 6 and 8 pages 73- 89)‚ when Odysseus is stuck in Polyphemus’ cave (Book 9 pages 95-107)‚ and finally when Odysseus gets home and encounters the Suitors. (Books 17- 22 pages 174-230). Today in our American culture‚ few people offer hospitality probably because there’s no one forcing them to‚ people offer hospitality today because it’s out
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Development & Expansion Analysis of a country from an hospitality point of view : Colombia‚ Bogota Introduction: According to a study made by Jones Lang LaSalle Hotels‚ four of the top spots in South America for investors are Bogotá‚ Colombia; Buenos Aires‚ Argentina; Lima‚ Peru; and Santiago‚ Chile. According to that fact‚ I will try to explain in what reasons Bogota could be better and a more attractive place for investors in the hotel industry then others. 1) Country overview Colombia is
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Hospitality in the Odyssey The reason Odysseus has taken so much time to reach back to Ithaca is associated with the greek term Xenia‚ but this element in literature called Xenia can also be helpful for one’s survival. The greek term Xenia refers to hospitality‚ meaning giving anyone respect with food‚ shelter or any need. To the Greeks at the time hospitality was a large way to show respect and to gain respect from neighbors and other civilians. Greeks believed the gods wanted them to show hospitality
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Culinary Arts and Hospitality Management People today seem to think that culinary arts and hospitality management is the same field of work but‚ these two fields are entirely different in many aspects. There are a lot of careers that can be found that use both aspects of culinary and hospitality however‚ there are more choices for hospitality careers than there are culinary. Which of these two different yet similar fields dominates the other? Taking into account the classes needed to become
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Table below represent US trade balance with China over years (2007-2011): Years Export 2007 62‚936‚891‚576 2008 69‚732‚837‚543 2009 69‚496‚678‚611 2010 91‚880‚613‚079 2011 103‚939‚433‚941 Years Import 2007 321‚442‚866‚934 2008 337‚772‚627‚823 2009 296‚373‚883‚488 2010 364‚943‚854‚151 2011 399‚361‚922‚088 Years Trade balance with China (millions of dollars) 2007 -258‚505‚975‚358 2008 -268‚039‚790‚280 2009 -226‚877‚204‚877 2010 -273‚063‚241‚072 2011 -295‚422‚488‚147 China
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