Case study- Kobe and Haiti earthquakes On 17th January 1995‚ an earthquake struck Kobe‚ a heavily populated urban area in Japan. It measured 7.4 on the Richter scale and occurred as a result of plate movement along the boundary between the Philippines Plate‚ Pacific Plate and Eurasian Plate. 35000 people injured and buildings and bridges collapsed despite their earthquake proof design. These were the primary effects. Buildings destroyed by fire when the gas mains fractured.316000 people left homeless
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GLOBAL ISSUES Simply hours after the impact in Haiti‚ nations all over the world such as the United States‚ the United Kingdom and Venezuela were pledging “unwavering support” (Matt Frei‚ 2010). The United States of America immediately dispatched Navy Ships and smaller boats to Haiti while the US Agency for International Development (USID) sent specialised teams with rescue equipment. Similarly‚ Israel sent two planes with a field hospital and around two hundred and twenty (220) emergency personnel
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The Effects of the 2010 Haiti Earthquake On January 12‚ 2010‚ Haiti was hit by a magnitude 7.0 earthquake (Richter scale)‚ which caused devastating damage to its capital‚ Port-Au-Prince. There is still no consensual official data available‚ but the International Red Cross estimated that the earthquake affected about 3 million people. The Haitian government reports that an estimated 316‚000 had died 300‚000 had been injured and more than 1 million
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An economy or economic system consists of the production‚ distribution or trade‚ and consumption of limited goods and services by different agents in a given geographical location. The economic agents can be individuals‚ businesses‚ organizations‚ or governments. Transactions occur when two parties agree to the value or price of the transacted good or service‚ commonly expressed in a certain currency. In the past‚ economic activity was theorized to be bounded by natural resources‚ labor‚ and capital
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several different ways. The two main economies that seem to act as basic levels of functioning economies are command economies and market economies. These two economies work in various ways and provide interesting things for consumers and businesses. However‚ even though a command economy and a market economy have various similarities and differences‚ a market economy is ultimately more beneficial for a country. Command economies and market economies have different degrees of government
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The underground economy consists of concealed legal economic activities undertaken to evade taxes or illegal economic activities (i.e.‚ trafficking‚ drugs‚ and prostitution) with unreported barter and cash transactions that take place outside recorded market channels. These types of barter and cash transactions are hard for government authorities to trace and are the lifeblood of the underground economy. These underground activities are often very productive and are not included in the gross domestic
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The world economy - a multi-level‚ the global economic system‚ combining the national economies of the world on the basis of the international division of labor through a system of international economic relation. There are global problems such as: - Preventing the threat of another world war‚ - Overcoming the ecological crisis and its effects‚ - Narrowing the gap in economic development between developed Western countries and developing countries of the "third world" . - Stabilization of the
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GLOBAL ECONOMIES Global Economies: The New Paradigm of Trans-Global Industry and Commerce Submitted in Partial Fulfillment of the Degree of PhD in International Business and Program Management 1 Kelly Eugene Higgins I.D.: UD17818BIN25641 Atlantic International University‚ Honolulu‚ HI 8 June 2013 GLOBAL ECONOMIES Part 1 Reflection Despite the attempted global empires that have existed and flourished to greater or lesser extents throughout the history of human civilization‚ the
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Economy of Turkey About Turkey – Turkey is a vibrant amalgamation of two unique cultures‚ reflecting a diverse collection of ideas‚ beliefs and values. Crossing both European and Middle Eastern boundaries‚ Turkish society is patriotic and proud of its ancestry and achievements. The rapid modernisation of the country‚ combined with its traditional values‚ makes Turkey a fascinating market for foreign businesses but requires an understanding of its cultural design in order to secure your future
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Philippines Economics Table of contents 1. General Information 2. Agrarian Economy 3. Industrial Economy 4. Services Industries 5. Conclusion 1. General information The Philippines are located in Southeast Asia in the Western Pacific Ocean. 7‚107 Islands are part of the republic. The islands are divided into three major groups: Luzon‚ Visayas‚ and Mindanao. The South China Sea defines its western borders and the Pacific Ocean its eastern limits. The country-
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