Political overview
For years before the war finally came to an end 1n 2009 Sri Lanka was marred by civil. Since then, the economics of the country has grown within the 5 years.
When the long running civil war finally over, Sri Lanka has opportunity to take advantage of its peacetime stability, educated workforce, geography, and scenic beauty.
Sri Lanka Government has set ambitious goals for its economic development – aspiring to GDP growth rates over 8% and looking to focusing more in developing economic hubs in areas such as ports, commerce, aviation, energy and, knowledge. With a more open climate investment and financial system, relatively stable monetary policy in place, improving area of infrastructure, and both middle class an d world-class
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Many government departments appraise themselves relating to their competent, highly motivated staff, but still the government’s overall provision of services and overall performance is impeded by inefficiency, and economic growth is stymied by opaque government procurement practices. While some other companies in U.S and Europe have done and continue to do well here, others have departed frustrated.
While growth been moderate, high inflation over the years leading declining of export goods. Many observers believe Sri Lanka will have trouble paying back loans taken to improve infrastructure, although government officials are confident that growth will bring in the necessary revenue. In a March 2013 report, Moody’s Investor Services noted that Sri Lanka’s short-term debt maturing within a year remained elevated, even above the total foreign reserves. Moody’s considers this a significant risk to Sri Lanka if there was a sudden halt in external credit expansion.
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The GDP growth was down in 2009 to 3.5% and the financial crisis affected the country foreign reserves which sharply dropped as global demand for Sri Lankan exports. For two years straight the GDP growth was around 8% 2010 and 2012. The growth ten slowed a bit in 2012 to around 6.5% due to decline in export, agriculture e.t.c.
The Central Bank initially predicted that economy will rise by 7.5% in 2013 and to over 8% yearly during 2014-2016. The January 2013 Central Bank Economic Roadmap made in 2013 claims the GDP will almost double before 2018 from the current GDP of US$59 billion in 2012 to US$100 billon in 2016, and the sri lanka government is hoping to increase country’s per capita income from the current value of US$2,900 in 2014 to US$4,000 by 2016.
But growth could be hampered by the lack of diversification of the export base, investor can diversify in order to reduce both the political and economic problems in the United States and EU countries, which are Sri Lanka’s major export markets. Government fiscal control has improved, but the losses of state-owned enterprises (SOE) are a major concern. Sri Lanka requires high levels of FDI to meet the desired growth levels, and the government claimed FDI in 2012 reached US$1 billion, which was only half of the US$2 billion target. UNCTAD reported 2011 FDI in Sri Lanka
Even if we take the maximum amount of precaution and try to keep the house and office clean, as time passes by pests do try to enter the house and bother us and create embarrassment for us. Pests can sometimes be very bothersome, and they can also be the root for health hazards in the family and among the office staff. It is beyond our control to keep them away from our homes and office as they find a way to get in and dwell inside our buildings. There are so many different types of pests, and the building can be infected by more than one type of pest at a time. There are different methods to control each type of pest, and it is not possible for us to control it all by our self. Moreover, we will never be able to manage it as good pest control service professionals as they have specific equipment and chemicals needed to remove the pests.
In 2011, after nearly 50 years of conflict, citizens of the southern half of Sudan voted to secede and form their own country. On 9 July 2011, South Sudan was created amidst the uphill battle of legitimacy, governance, and economic stability in an already volatile region. Widespread poverty and an underdeveloped infrastructure plague the chances of South Sudan’s success.
Many wars have been fought in our society. But from these wars, countries usually learn from their mistakes, which makes a better world for society. However, there have been many times when countries do not learn from these mistakes, which can cause a conflict. In the late 1800s the British started to explore Africa and Asia. In doing so, they colonized many nations. However, many people living in these colonies did not agree with the British and revolted. This led to the British granting independence to these countries. However, there were many times when the British government did not help these countries become independent. This has caused many countries to fail, because they were not ready for the challenges of independence. One country that became independent from the British was Burma. However, since there independence, they have been fighting one of the longest civil wars in the history of the world. In this paper, I will investigate, if the reason that the conflict in Burma is still happening, is because the British allowed them to become independence pre maturely, and the British did not help Burma get though the challenges of becoming a nations.
In this Civil War, South Sudan was trying to break away from the North. They did not succeed on this first attempt. They still had to fight in protests and marches. Then on May 16, 1983, they began their second Civil War. This is their second civil war that they have had with five decades of fighting, but on January 9, 2005, they created a peace deal. This deal let South Sudan have six years to decide if they wanted to succeed from Sudan and become their independent nation.
... the Republic of Cambodia or government forces. United States forces joined into the fighting and some believe helped the Khmer Rouge to come out victorious and form the Democratic Kampuchea. The Vietnamese were brought into the battles and at the end there was a large sum of deaths, about 1.7 million. Still today, lasting effects of the war affect the country. Civil Wars are a part of history and part of the growth of a nation.
In the year 2007, China and India ranked first and second respectively in the list of ideal foreign direct investment (FDI) destinations, according to A T Kearney, a global strategic management consulting firm (The Press Trust of India Limited, 2007a). The two nations, because of their similarities in geopolitical, economic and demographic aspects, are often compared with each other. To determine which one is more attractive for businesses to expand to, this essay will examine the business environment of both countries from the following perspectives: political/legal, economic, socio-cultural and technological.
Subramanian, Arvind. India’s Economy is stumbling? The New York Times. August 31, 2013: A19. Print.
Undoubtedly there are multiple areas where developing a picnic island can politically be influenced. As Maldives is a democratic country, terms of election are held every 5 yearly. With change in government terms, its policies and funding bodies will be changed. We should be concerned about how the newly elected legislators are going to support this concept of a picnic island. To successfully nail the idea we would probably need a lot of funding, initiatives and grants from the government and other supporting bodies to make it as successful as possible. Also, Maldives now being quite a famous tourism landmark throughout the world, a lot of industrial parties are interested in developing other sorts of tourist
Thailand, Indonesia, and Maldives were thriving developing countries from the economic support provided by the tourism industry. The white sand beaches and lush tropical greenery found on one island could be replaced with glorious mountains and waterfalls form a short boat ride to another island. Tourism flourished because of the many interesting physical characteristics of the area. According to the CIA World Fact Book, Thailand offered its many visitors peaceful democracy and a southern isthmus known to be always hot and humid (CIA World Fact Book). Maldives present...
In 1991, the Somalian Civil War was started. Today, over 500,000 people have been killed by this continuing conflict in this African country. Many wonder about different things that happen in a civil war, such as why it happened, but now is the time that the world needs to become concerned with how this war affects the people that live in this country. In order to understand what these people are going through, first we must understand this conflict and why it has not stopped. There are many other ways that this civil war has affected the people of Somalia; the economy, healthcare, family life, and education are all affected by this continuing conflict.
In addition, after the 2011 Singapore general election, the government of Singapore has greatly changed its economic approach and it seems to be better for the economy of Singapore so far. On the other hand, measures have also been taken to cool down the property market which has constantly affected inflation rates, also tightened the foreign labour policies that constantly influence the labour market and unfold its impacts onto the Singapore’s economy as it comes back in one round. The unemployment rate in Singapore has been maintaining itself as being one of the lowest numbers in the world. The majority of Singapore’s labour force is well educated and highly skilled. Even primary education is a must for all citizens (Economywatch.com, 2010). In addition, for the year 2010, Singapore had the 8th largest current account balance in the world at US$49.454 billion. To conclude, Singapore has come so far from its sunken economy since independence in 1965 to become a booming and prosperous economy that it is
Sri Lanka has also experienced a series of socio-political disturbances over the past several decades including...
What makes economic growth so interesting is that it enables a country to do so much more than they are financially capable of to date, through economic growth a country can also help to lower the countries deficit. To date The Bahamas government have invested millions of dollars into the economy such as new roads and highways, schools, hospitals, hotels etc. If an economy makes an investment it is to improve and encourage growth within their economy. In my opinion economic growth is beneficial to any economy although there are a number of hurdles that must be crossed to really feel and see the economic growth. This research paper is to enable a better understanding of the economic growth and how The Bahamas has grown and investments that they have made to sustain the economies developments.
A PEST analysis is an analysis of the external macro-environment that affects all firms. P.E.S.T. is an acronym for the Political, Economic, Social, and Technological factors of the external macro-environment. Such external factors usually are beyond the firm's control and sometimes present themselves as threats. For this reason, some say that "pest" is an appropriate term for these factors. Let us look at the PEST analysis of the Indian aviation sector:
At the present time, one of the inseparable parts of the economic growth is considered as tourism industry. Commonly, tourism is the movement of people to other places for business or leisure purposes as well as covers their activities. Holloway and Humphreys defines that the places where tourists come and spend their money are called as “tourist destinations” in other words “receiving areas”. Many countries have been improving tourism to overcome economic difficulties since it is growing fast. The industry activities have been demonstrated a general positive trend in the economy and it has already become the inherent part of economic development. In host countries, tourism has led to such positive consequences as the improved infrastructure,