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Journal of Reviews on Global Economics

Prediction of Gas Concentration Based on the Opposite Degree Algorithm
Pages
163-174
Piotr Rubaj

DOI: https://doi.org/10.6000/1929-7092.2017.06.14

Published: 30 May 2017

 


Abstract: China attracts people with its geographic and economic diversity, an impressive heritage of over three thousand years old civilisation and the size of population which creates different opportunities for business. Understanding past and current reality of this country seems to be difficult as its economic and political system is somewhere in between bureaucratic and authoritarian one-party state and market orientated modern economy. The State centre within last three decades became one of the most important players in the world on political, economic and military scenes. It has the largest population, the most numerous army, nuclear weapons, large surplus in foreign trade balance, central bank reserves amounting 3,5 trillion USD and its national currency named yuan, which already has become a part of SDR. Nowadays China is on the way to become the world largest economy with independent impact on global political and economic affairs.

This country is also facing a list of problems, which seem to be very serious and which will be challenging authorities and society in coming years and decades. One of the most important is necessity to strength environmental regulations to improve quality of life and to decrease the level of destruction of nature, secondly to support human capital to facilitate transition to higher value-added economy, it means to increase internal consumption and the third to boost rural development, which is slow, ineffective and it creates significant differences in individual incomes between urban and country regions. The speed of economic growth seems to be essential for business, stock exchanges and foreign investors and therefore questions concerning the barriers on the road to grow seem to be essential for coming years. This article is a trial to indicate these key challenges and threats for China on the way to grow.

Keywords: Gas concentration, opposite degree algorithm, data prediction, mining safety, numerical simulations.

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Journal of Reviews on Global Economics

Foreign Direct Investment and its Literature Review
Pages

Khaldoun Maddallah Al-Qaisi

DOI: https://doi.org/10.6000/1929-7092.2017.06.09

Published: 10 April 2017

 


Abstract: The types of investment that are made abroad are known as foreign and have majorly affected countries that engage in these activities of business. The various factors which are to be considered such as –political factor, social factor and economical factor as these factors affect the allocation of international capital. This research paper will examine and analyze the literature review which is focusing on movement of capital under foreign direct investment. Existence of a positive effect on the economy of a country that is injected with these substitutes has led to a better performance of the overall GDP and increase in national output. The same is related to economic growth. It is argued that the study based upon verified documents involves all the countries irrespective of their geographical area whereas the fact is that many of them are concerned with largest recipients of foreign direct investment such as- Asian and Latin American countries. .

Keywords: FDI, GDP, Literature Review.

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Journal of Reviews on Global Economics

Determinants of Satisfaction with an Urban Tourism Destination: The Case of Barcelona
Pages
98-104
Harizi Besma, Harizi Riadh and M'raïhi Rafaa

DOI: https://doi.org/10.6000/1929-7092.2017.06.10

Published: 10 April 2017

 


Abstract: Conscious of the central role of satisfaction in the success of a destination we examine the relationship between a destination’s attributes and overall satisfaction. Based on the information about 19 destination attributes and using a principal factor analysis, we identified 5 relevant dimensions, with “Accommodation and restaurant services” as the key factor to explain overall satisfaction. Next, we explore the potential moderating effects of tourist and trip characteristics on that relationship. Our results suggest that the estimated relationship is very stable across types of tourists, trip features or purpose of travel. We use a survey of 2,484 interviews conducted with international tourists that visited Barcelona throughout 2013. Empirical findings allow an efficient allocation of resources in order to achieve maximum satisfaction. Therefore, they are useful to help policy makers and entrepreneurs select targets for promotion, and attain high destination competitiveness.

Keywords: Tourist Satisfaction, Destination Attributes, Urban Tourism, Factor Analysis.

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Journal of Reviews on Global Economics

Can Europe Prosper Without the Common Currency? A Historical Perspective
Pages
129-142
Ton Notermans

DOI: https://doi.org/10.6000/1929-7092.2017.06.11

Published: 10 April 2017

 


Abstract: The Eurocrisis displays an astonishing similarity to the causes of the Great Depression in the form of massive current account imbalances, destabilising capital flows, financial fragility, and the commitment to defending a fixed exchange rate arrangement by means of austerity and internal devaluation. From the interwar economic and political disaster Europe eventually drew the lesson that internal balance had to enjoy priority over external balance, giving rise to a three-decade long period of unprecedented economic growth after the Second World War. As Europe has again stumbled into many of the policy errors that caused the Great Depression, it will need to relearn some of these lessons. In particular, the paper suggests that Europeanisation has gone too far and that rather than completing the monetary Union, Europe’s prosperity and political stability would be better served by compartmentalisation of financial markets, vertical industrial policies and an escape clause in the common currency allowing for temporary exit in case of fundamental disequilibria.

Keywords: European Integration, Monetary Union, Eurozone, Economic History Europe.

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