Another problem in China is corruption. According Corruption Perceptions Index (CPI), china stat is positioned 72 among all 179 countries in 2008 (Transaprency.org, 2015). The damage caused by corruption can have serious effects, affecting banking, finance, government procurement, construction and especially for economic development. The year 2008 saw an exponential growth of middle-class and that aggravated the gap between urban and rural population. China changed its approach towards new product; especially form the West, based on new lifestyles and trends.
The current tourism in Hawaii has provided more jobs for natives and locals; however, from these jobs they are poorly paid. Numerous Native Hawaiians work as servers, bartenders, and cashiers, which all make less than the state’s minimum wage(Hill, Sudick, & Schiaretti). The state’s current minimum wage is $9 an hour, meanwhile, these jobs only pay them around $7 an hour. Some are poorly paid to hold up wrong stereotypes of themselves - hula dancers - and try to attract even more tourists. The tourism does help the economy; however it ignores the needs of the Native Hawaiians.
Although China’s land is not as big as Russia or Canada, but their number of people make up more than two countries. Overpopulation in China is one of the serious problems that the world is facing because it brings unemployment, exhaustion of natural resources and also environmental at pollution. Why is China’s population more than other country, because
Otherwise, the global economic conditions are still not very conducive for copper’s growth. As a result of the weakness in the end market, Freeport-McMoRan’s results have been hurt badly. For instance, in the recently-reported third quarter, the company reported a net loss of $3.8 billion. After adjusting for the net charges of $3.7 billion, or $3.43 per share, the third-quarter 2015 loss totalled $156 million, or $0.15 per share.
To contextualize the situation, one method in which the U.S has been enforcing protectionism is of devaluing the U.S dollar. According to CNN money, trump's statements that the value of the dollar had been too strong and that relative to other countries U.S business would suffer the value of the dollar had dropped by 0.7%. By devaluing the dollar, imports are relatively more expensive and assuming the price elasticity of demand is elastic; domestic consumers will buy more local products. Additionally, The trump administration has campaigned to increase tariffs to up to 45% of Chinese imports. Currently, the percentage of U.S. imports subject to tariffs may rise from 3.8% to 7.4% (Hsu).
The most harmful effect by far is the way in tourism encourages in-migration. The definition of in-migration is to move or settle into a different areas of one’s country or home territory (Harper, 2010). “From July 2012 to June 2013, 463,000 international immigrants have arrived in Wales.” Nash (2014) describes large amounts of immigrants that have come to Wales to live here and start their own life and business in Wales compared to where they were originally. According to Philips (2014) respondents welcomed the economic and employment benefits of tourism, but also had strong reservations regarding the social and cultural disadvantages.
Tourism is the income of people from one place to another place for vacation, but it can also be for business or entertainment. Tourism can either be international or domestic. Tourism has an influence on any country, either it’s for a positive impact or a negative impact. An example one might consider includes that the tourism in that individual country could possibly increase the income and positively improve the economic aspect of the country, but tourism can also negatively impact the environment. Tourism can also affect the population living in the country due to the amount of tourism which furthers the idea of more jobs need to be created for the new tourists.
The expenditures spent by the tourists, the import and export of the related goods generate income to the national economy and can further stimulate the investment necessary to finance growth in other economic sectors of country. Some of the countries such as Bhutan seek to accelerate the finance growth by requiring the visitors to pay certain amount of foreign currency per day of their stay and it is not refundable. For some of the regions or countries, tourism is an important source of their welfare as it is the main source. If the country is a remote island, the way to build up the country economy is mainly dependent on their tourism industrial. According to the World Travel & Tourism Council on year 2012, the country that ranked first in the top tourism-dependent countries is Macau, which is an island on the western side of Pearl River Delta, China.
The social, economic, and ecological impacts of cruise ships. With an estimated 18 billion dollars in revenue per year, the cruise ship industry is the fastest growing tourism-based industry in the world (Johnson, D., 2002). Although this industry claims to reduce, reuse, research, re-educate, and recycle, there is a growing concern about the impacts of cruise pollution and the social impacts on the local human communities (Dowling, R., 2006). FINISH ON THESIS THAT ORDERS PARAGRAPHS TOPIC SENTENCE When passengers unload from a cruise ship port, there is a large opportunity for economic investment in the host community, but more often, passengers return with an experience of impoverishment and the host community is left underpaid (Dowling,
Introduction Since China opened its door in 1978, its economy has gone through tremendous change. There should be no doubt that the Reform and Opening-up Policy marked the start of China in the journey of developing into a powerful modern state. Most eminently, its GDP has risen from less than $150 billion in 1978 to $8,227 billion in 2012. During this burgeoning economic development, more than 600 million people have escaped poverty. For a state with vast territory and large population like China, these are indeed marvelous achievements.