Have the two countries lost their way? Is China a bubble about to burst? Will income disparity create civil unrest comparable to an Arab Spring? Are political dysfunction and crony capitalism preventing reform?
Belarus As part of the former Soviet Union, Belarus had a relatively well-developed industrial base; it retained this industrial base - which is now outdated, energy inefficient, and dependent on subsidized Russian energy and preferential access to Russian markets - following the breakup of the USSR.
The country also has a broad agricultural base which is inefficient and dependent on government subsidies. After an initial burst of capitalist reform fromincluding privatization of state enterprises, creation of institutions of private property, and development of entrepreneurship, Belarus' economic development greatly slowed.
A few banks, which had been privatized after independence, were renationalized. Economic output, which had declined for several years following the collapse of the Soviet Union, revived in the mids thanks to the boom in oil prices.
Belarus has only small reserves of crude oil, though it imports most of its crude oil and natural gas from Russia at prices substantially below the world market. Belarus exported refined oil products at market prices produced from Russian crude oil purchased at a steep discount. In lateRussia began a process of rolling back its subsidies on oil and gas to Belarus.
Tensions over Russian energy reached a peak inwhen Russia stopped the export of all subsidized oil to Belarus save for domestic needs. In DecemberRussia and Belarus reached a deal to restart the export of discounted oil to Belarus.
Little new foreign investment has occurred in recent years. Ina financial crisis began, triggered by government directed salary hikes unsupported by commensurate productivity increases. The crisis was compounded by an increased cost in Russian energy inputs and an overvalued Belarusian ruble, and eventually led to a near three-fold devaluation of the Belarusian ruble in In NovemberBelarus agreed to sell to Russia its remaining shares in Beltransgaz, the Belarusian natural gas pipeline operator, in exchange for reduced prices for Russian natural gas.
Belgium This modern, open, and private-enterprise-based economy has capitalized on its central geographic location, highly developed transport network, and diversified industrial and commercial base. Industry is concentrated mainly in the more heavily-populated region of Flanders in the north.
With few natural resources, Belgium imports substantial quantities of raw materials and exports a large volume of manufactures, making its economy vulnerable to volatility in world markets.
Assignment 3. GE World Geography. Discuss China in terms of being the “Middle Kingdom,” population growth issues, and industrialization. Directions: Sources must be cited in APA format. Oct 27, · The emblematic work of that period was the US National Research Council (NRC) publication, ‘Population growth and economic development: policy questions’. The work of an expert committee, the NRC report, concluded that as one of its authors, Birdsall () put it, ‘rapid population growth can slow development, but only under. > Discuss China in terms of being the “Middle Kingdom,” population growth issues, and industrialization Discuss China in terms of being the “Middle Kingdom,” population growth issues, and industrialization.
Roughly three-quarters of Belgium's trade is with other EU countries, and Belgium has benefited most from its proximity to Germany. In Belgian GDP grew by 1. Fourth quarter GDP growth in was at This brought economic growth for the whole of to negative 0. It also left Belgium on the brink of a possible recession at the end of Belgian banks were severely affected by the international financial crisis in with three major banks receiving capital injections from the government, and the nationalization of the Belgian retail arm of a Franco-Belgian bank.
Belize Tourism is the number one foreign exchange earner in this small economy, followed by exports of marine products, citrus, cane sugar, bananas, and garments.
Oil discoveries in bolstered this growth. Exploration efforts have continued and production has increased a small amount. With weak economic growth and a large public debt burden, fiscal spending is likely to be tight.
A key government objective remains the reduction of poverty and inequality with the help of international donors. Although Belize has the second highest per capita income in Central America, the average income figure masks a huge income disparity between rich and poor.
The Poverty Assessment shows that more than 4 out of 10 people live in poverty. The sizable trade deficit and heavy foreign debt burden continue to be major concerns. Benin The economy of Benin remains underdeveloped and dependent on subsistence agriculture, cotton production, and regional trade.
Inflation has subsided over the past several years. In order to raise growth, Benin plans to attract more foreign investment, place more emphasis on tourism, facilitate the development of new food processing systems and agricultural products, and encourage new information and communication technology.
The privatization policy continues in telecommunications, water, electricity, and agriculture. The Paris Club and bilateral creditors have eased the external debt situation with Benin benefiting from a G-8 debt reduction announced in Julywhile pressing for more rapid structural reforms.
An insufficient electrical supply continues to adversely affect Benin's economic growth though the government recently has taken steps to increase domestic power production. Private foreign direct investment is small, and foreign aid accounts for the majority of investment in infrastructure projects.Assignment three for World Geography GE was to discuss China in terms of being the “Middle Kingdom,” population growth issues, and industrialization.
For thousands of years, the Chinese believed their civilization was the center of the known world, and the rest were barbarians drawn to China because of her wealth, technology, and culture. Issues such as these are becoming gradually more important than economic growth in China’s quest to become accepted by the International community.
The problem lies in the intentions of the Chinese state to create a more forceful approach to state control. the middle of the 18th century. However, with its imports consituting per cent of its food needs, it was also not the England of the end of the 19th century which, like the Netherlands of the 17th century or certain Italian city-states of the th century, fed its urban population largely with im-ported cereals.
Discuss China In Terms Of Being The “Middle Kingdom,” Population Growth Issues, And Industrialization. Whitney Bloomer AC GE World Geography Assignment 3 Zhangguo means middle kingdom when translated from Mandarin to English.
Discuss China in Terms of Being the “Middle Kingdom”, population growth issues, and industrialization. As a Middle Kingdom The People's Republic of China is touted as the “Middle Kingdom”.
The post-war orthodoxies of demographic and epidemiological transition theory and the Washington consensus have each encouraged the view that industrialization necessarily changes all this and that modern forms of rapid economic growth will reliably deliver enhanced population health.