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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On September 13‚ 2012‚ the Federal Reserve announced another round of quantitative easing (QE). Discuss the expected economic impacts of “QE3” on selected East Asian Country. On September 2012‚ the Federal Reserve announced a new round of open-ended quantitative easing named QE3. Unlike the previous quantitative easing‚ the Fed decided to continue buying mortgage-backed securities until the economy is improved‚ rather than creating another fixed endpoint package. The first quantitative easing was
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international company. The mobility of the company’s goods and services have been made easier with modern technology and they have been striving to give the effect of the ’third place’ on an international stage. This for the majority had a positive impact on the Starbucks brand financially‚ allowing the company to become one of the largest coffee companies in the world. The negative side is that during the massive global boom of the noughties‚ Starbucks began to ’water down’ the ’Starbucks experience’
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THE IMPACT OF EXTERNAL DEBT ON ECONOMIC GROWTH IN NIGERIA. BY ABUBAKAR SADIQ SALEH Department of Banking and Finance‚ University of Abuja abubakar008@yahoo.co.uk ABSTRACT Debt is borrowing that is either for the purpose of smoothening the consumption path in the face of transitory shocks or as a means of supplementing domestic savings in order to expand productive capacity and raise the long – run growth rate. The objective of this work
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The aim of this essay is to discuss the relevance of niche tourism and what facts may affect it. It discusses briefly what a niche market is and what role has in the tourism industry. Different facts are exposed during the essay in order to give a better understanding on how economy‚ politic‚ technology and social affect tourism in general and the construction of niche markets. In addition‚ other influences have been discussed to give more information on current facts affecting the industry. An interesting
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The Impact of Global Economic Crisis in the Middle East Impact of Global Economic Crisis in Middle East Page 1 Table of Contents Glossary ..................................................................................................................................... 3 Introduction ............................................................................................................................ 4 Background .............................................................
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theory surrounding globalisation and also its impact on local/national economies in lesser developed nations i.e. The third world. Definition of Globalisation Gunter and Hoeven (2004) suggest that globalisation is the integration of economies and societies causing increasing homogenisation of the world population and the markets. The main drivers of globalisation have been the introduction of new technologies allowing for increased communication‚ transport‚ travel‚ new economic relationships and
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Is globalisation a good development? Nowadays‚ there are a lot of influences from other countries noticeable in our lives. We can walk into stores founded in the United States or any other possible country. We couldn’t imagine living without having access to famous worldwide brands‚ stores‚ food‚ music and beliefs‚ which have enriched us through globalisation. Globalisation‚ defined by people like us‚ is a very nice thing… unfortunately this doesn’t affect two thirds of the population of this
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IMPACTS OF PUBLIC DEBTS ON THE ECONOMIC GROWTH Government debt is also known as public debt. It is the debt owed by a federal government to the internal or external sources. It is required when the stocks of government securities are insufficient to cover previous budget deficits. Budget deficits occur when the level of government expenditures exceeds its revenues. Based on macroeconomic theory‚ the level of government expenditure must be positive with the economic growth. The higher the expenditure
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Impact on China’s economy of the economic globalization Abstract: As everyone know that no country can avoid to participate the globalization. China has always been trying to follow the trend of globalization‚ to be part of it‚ and actively join in it since its opening to the world in 1978. After 23 years in 2001‚ of hard efforts have been made by lots of people and tremendous negotiations have been undergone for such a long time‚ China finally got access to the WTO‚ which marks the most important
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