began closing down its operations in North Sulawesi‚ leaving local communities in Buyat Bay and Ratatatok with a dubious legacy. NMR use a submarine tailings disposal (STD) system which a method of waste due to its harmful environmental and health impacts. From 1996 until its closure‚ NMR dumped more than four million tons of mine waste into the bay. Forum the Environment (WALHI) found that NMR’s tailings contained four times the government-allowed level of cyanide and high levels of mercury‚ cadmium
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The impact of global financial crisis on the United Kingdom Introduction This report will examine the affects of the global financial crisis‚ which was a result of the collapse of the sub-prime mortgage market in the United States‚ on the UK economy. First of all‚ it will look at the background of the global financial crisis. Secondly‚ this paper will analyses why the UK economy has been influenced by the global financial crisis‚ what effects of the financial crisis on the United Kingdom have
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Impact of Currant Political Deadlock on Pakistan’s Economy‚ Seminar on Monday Islamabad: (Thursday‚ January 19‚ 2012) The current political impasse between various state institutions is now costing the macro-economy of Pakistan in the form of stagnant growth and investment. Several structural issues require government’s immediate attention which includes power and gas sector crises‚ unsustainable losses of public sector enterprises‚ rising levels of debt burden and slow progress on tax reforms
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IMPACT OF 2007-2008 GLOBAL FINANCIAL CRISIS ON KENYA’S REAL ESTATE MARKET; A CASE STUDY OF NAIROBI CHAPTER 1: INTRODUCTION 1.1 Background Real estate sector is one of the critical pillars in a country’s economic growth and development. Property makes up 5.3% of Kenya’s GDP and has shown positive growth since 2001 (Keeler‚ 2009). It spurs investment in both Formal and informal sectors. The sector provides employment to a big percentage of Kenyans in mortgage companies‚ consultant firms‚
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The impact of the global financial crisis on the Philippine financial system – an assessment “The problem in politics is this: you don’t get any credit for disasters averted.” Henry M Paulson Jr‚ Former US Treasury Secretary I. Introduction The crisis that originated from the US subprime mortgage market escalated into a global phenomenon. Earlier debates on “decoupling”2 died down as the crisis’ contagion effects proved headstrong‚ cascading to the financial markets of advanced
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The Philippines is located in South East Asia and the Philippines economy has been industrialized in the recent times. In terms of the purchasing power parity it ranked 24th according to the World Bank. The sectors that are of key importance in the Philippines Economy are agriculture‚ industry and mining each of which can be detailed under the following heads; Agricultural sector contributes about 17.1% of the GDP‚ Industrial Sector contributes 18.1% in the GDP. “The Gross Domestic product (GDP)
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Why women will impact global economy as much as China By Beth Brooke‚ Special to CNN October 25‚ 2012 Just recently‚ Booz & Company published new data outlining compelling evidence that women can be powerful drivers of economic growth. Their estimates show that if female employment rates were to match male rates‚ overall GDP would grow significantly in the U.S. by 5%‚ in Japan by 9%‚ and in developing countries like Egypt by a massive 34%. The World Economic Forum also published their annual
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of the impacts that command the most attention (e.g. customized products‚ the elimination of middlemen) but with less visible‚ but potentially more pervasive‚ effects on routine business activities (e.g. ordering office supplies‚ paying bills‚ and estimating demand)‚ that is‚ on the way businesses interact. I feel very interesting to make report on such a nice topic is the partial fulfillment of BBA program as assigned by my honorable supervisor and my report is titled “The economic impact of e-commerce
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almost six years‚ the world economy has entered a period of uncertainty due to a financial turmoil triggered by the subprime mortgage crisis in the United States of America (USA). During 2002 to 2007‚ the world economic growth averaged 4.5 percent per annum compared to 3 percent in the 1990s. The sudden gloom in world economic prospects has come as a surprise in view of the persistent economic growth and stability. The crisis initially affected advanced economies and then its contagion spread
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Asia for doing business with emerging economies? Generally speaking‚ as we know that Asia has become one of the regions whose economy is developing fastest in recent years. This new flow of powerful booming begins to attract lots of global attentions and to occupy more and more world economic market. This fact which cannot be ignored any more is not only a huge challenge‚ but also stands for a great business opportunity for our developed western countries. Actually‚ except for Asia‚ there are
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