Economic Tourism in Australia

Table of Contents Employment: Inflation: Exchange Currency: Disposable Income: Interest Rates: Global Economic: Reference List Employment: Australia is experiencing an influx of tourism from other nations, which is boosting its economy year after year though at a lower. As a result employment opportunities have been created for the locals in the hotels, on beaches and as tour guides. According to the Australian Bureau of Statistics (2009), the period between 1997 and 98, tourism was at its highest peak whereby it created the highest number of job opportunities totaling to 551,000 and earned the country high levels of revenue.Advertising We will write a custom report sample on Economic Tourism in Australia specifically for you for only $16.05 $11/page Learn More However, it has just decreased recently between the financial years 2009-2010 due to the volcanic eruptions that adversely affected parts of Europe. The inbound tourism travel is estimated to grow at an average rate of 1.9% per year compared to the 4.0% outbound what translates to more tourists preferring to visit other nations although creation of employment is experienced but it is at a lower rate what means most people are left unemployed (World Travel and Tourism Council 2010). This is a result of lack of some of the unique tourist attraction sites readily available in the country that leads even to the locals to travel abroad to enjoy leisure whereby it has been noted that the number of locals traveling outweigh that of foreign tourists visiting their country and this impacts negatively the local economy (Coalter 2001, Dwyer, Forsyth and Spurr, 2007). Inflation: With the decreased travels it directly reflects that the income is hampered with, and this was experienced by the depreciation of the dollar by US$0.86 by the year 2010 (Kulendran and Dwyer 2009). In a bid to regain the lost revenues, the air travel agencies in line with the government sought ways of increas ing aircraft passenger seats in order to double the number of visitors flying in the country thus impacting positively on the economy. Also it lowered air flight fares to attract more people as much as little will be gained on the part of traveling more will be earned on tourist consumption and therefore curb the deficit incurred. The government will gain more revenue and in so doing stabilize its economy. (Dwyer Forsyth 1996, Bureau of Tourism Research 1995). Inflation occurs in a number of ways common one being increased circulation of currency on the financial market and these affects both the supply and demand. To deal with this kind of inflation the central; bank is forced to increase the interest rates on loans so as to reduce the number of lenders and stabilize the financial market (Tribe, 2005, Van et al. 2007). Exchange Currency: Exchange rate varies with the demand and supply dynamics of the market so with decreased number of tourists it means the exchange of currency wil l be higher thus affecting the economy negatively.Advertising Looking for report on communications media? Let's see if we can help you! Get your first paper with 15% OFF Learn More With the increased outbound of tourists the government can encourage more spending on leisure, and to aid the low currency exchange rates will see more of the leisure commodities being exported to foreign countries where the tourists are visiting thereby increasing the national gross domestic product. When the number of foreign tourists is high the government can increase the exchange of currency so as to gain from the tourists at lower taxes on some products mostly used by the inhabitants what will lead to increased consumption and hence growth of the economy. Disposable Income: The government usually expects to gain more from the inbound tourists from the taxes paid by the visitors and from the goods consumed. For example, increase in taxes for all the goods bought by the tourists and the two percent taxation on all the alcoholic drinks will gain more revenue thus boosting the economy (Dwyer Forsyth 1993, Bull 1995). Individuals will further be earning some income, for instance a taxi driver carrying the tourist, buys fuel from a petrol station and some car spare parts. The tourist buys some snacks what increase the demand and supply that leads to creation of industries that make the snacks and their by products. From this long chain the government stands to be the final gainer as it earns a tax from every level that the tourist affects. Interest Rates: This vary with the variation in demand and supply in a way that if the inbound tourist rate is low, their will be extensive lending by the banks thus leading to increased circulation of currency on the market or inflation so increasing lending rates will regulate the number of loan seekers thereby stabilizing the currency dominancy on the market. But if the outbound rate is low and the inbound high, the interest rat es can be lowered so that the banks can be able to earn some interest (Seetaram and Dwyer 2009). Global Economic: Leisure contributes a lot in the global economy through brands recognition, advertisements, business interactions and has played a role in development of globalization (World Tourism Organisation 2000, Martin and Mason 1998, Leiper 1999). For instance, when tourists visit countries where companies manufacture products, which they buy in their home countries as imports, they tend to buy them in bulk either for personal use or sell in their countries back at home. This is one way of advertising such products to other people who will also develop an interest in buying them thus boosting the economy both of their country and that of others.Advertising We will write a custom report sample on Economic Tourism in Australia specifically for you for only $16.05 $11/page Learn More Reference List Australian Bureau of Statistics (2009). Australian Nati onal Accounts: Tourism Satellite Account, 2007-08. Australian Bureau of Statistics. Retrieved from: https://www.abs.gov.au/AUSSTATS/abs@.nsf/DetailsPage/5249.02007-08?OpenDocument Bull, A. (1995). The economics of travel and tourism, 2nd ed. Melbourne, Australia: Longman. Bureau of Tourism Research (1995). Australian Tourism Data Card. Canberra: Bureau of Tourism Research. Coalter, F. (2001). Realising the Potential of Cultural Services: the case for tourism. Edinburg: Centre for Leisure and Research at the University of Edinburgh. Dwyer, L., Forsyth, P. (1993). Assessing the benefits and costs of inbound tourism. Annals of Tourism Research, 21(3), 512-537. Dwyer, L., Forsyth, P. (1996). Economic Impacts of Cruise Tourism in Australia. The Journal of Tourism Studies, Vol. 7, No. 2, 36-43. Dwyer, L., Forsyth, P. and Spurr, R. (2007). Contrasting the uses of TSAs and CGE models: measuring tourism yield and productivity. Tourism Economics, Vol 13, No 4, December pp. 537-551.Advertisi ng Looking for report on communications media? Let's see if we can help you! Get your first paper with 15% OFF Learn More Kulendran, N. and Dwyer L. (2009). Measuring the Return from Australian Tourism Marketing Expenditure in Asia. Journal of Travel Research, vol 47, pp. 275-284. Leiper, N. (1999). A conceptual analysis of tourism-supported employment which reduces the incidence of exaggerated, misleading statistics about jobs. Tourism Management, 20, pp. 605-613. Martin, W. H. and Mason S. (1998). Transforming the Future Quality of Life. Rethinking free time and work. Sudbury: Leisure Consultants. Seetaram, N and Dwyer L. (2009). Immigration and Tourism Demand in Australia: A Panel Data Approach. ANATOLIA: an International Journal of Tourism and Hospitality Research, Vol 20, (1) pp. 212-222. Tribe, J. (2005). The economics of recreation, leisure tourism. New York, NY: Butterworth-Heinemann. Van, H. L. et al. (2007). Indirect Economic Contribution of Tourism to Australia and to Australian States and Territories 2003-04. Gold Coast, Qld: Sustainable Tourism Cooperative Research Centre. World Tourism O rganisation. (2000). Tourism Highlights 2000. Madrid: World Tourism Organisation. World Travel and Tourism Council. (2010). Tourism Economic Research 2010. World Travel Tourism Council, London. Web. This report on Economic Tourism in Australia was written and submitted by user Kelsey Buckley to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Free Essays on Conceptual Art

The term Conceptual Art was first used in 1967 by the artist Sol LeWitt, in his ‘Paragraphs on Conceptual Art’ essay in which he states â€Å"I will refer to the kind of art in which I am involved with as conceptual art. In conceptual art the idea of concept is the most important aspect of the work. When an artist uses a conceptual form of art, it means that all the planning and decisions are made beforehand and the execution is a perfunctory affair. The idea becomes a machine that makes the art†. The beginning of Conceptual Art in the late 1960’s was marked by a paradigmatic shift from the traditional notions of art as object to art as idea. It challenged the significance of art’s material objectivity and instead emphasized that the idea or concept, was â€Å"the most important aspect† 1 of the work. Some artists, such as Joseph Kosuth, would go so far as to say the idea itself is the art, and that each work is â€Å"a definition of art †.2 Hence, his most famous series of works: Art as Idea as Idea, are photographic representations of an enlarged dictionary definition such as the definition of art, which can be seen in {Figure 1.} Here he completely disregards the physical object and focuses exclusively on the use of language to supply the information. In this series, Kosuth pays homage to the abstract expressionist painter Ad Reinhardt in reference to a statement made by him that †art is art-as-art and everything else is everything else†.3 In this statement, Reinhardt is making the argument that art is only art if it is intended to be art, and that everything is else is not art. This goes hand in hand with Marcel Duchamp’s unassisted readymades, a term he used to describe the mass-produced objects he chose to designate as art, such as his bicycle wheel mounted on a stool, or his infamous men’s urinal signed R. Mutt. With the readymade, Duchamp changed the focus from the form of the language to what was being sa... Free Essays on Conceptual Art Free Essays on Conceptual Art The term Conceptual Art was first used in 1967 by the artist Sol LeWitt, in his ‘Paragraphs on Conceptual Art’ essay in which he states â€Å"I will refer to the kind of art in which I am involved with as conceptual art. In conceptual art the idea of concept is the most important aspect of the work. When an artist uses a conceptual form of art, it means that all the planning and decisions are made beforehand and the execution is a perfunctory affair. The idea becomes a machine that makes the art†. The beginning of Conceptual Art in the late 1960’s was marked by a paradigmatic shift from the traditional notions of art as object to art as idea. It challenged the significance of art’s material objectivity and instead emphasized that the idea or concept, was â€Å"the most important aspect† 1 of the work. Some artists, such as Joseph Kosuth, would go so far as to say the idea itself is the art, and that each work is â€Å"a definition of art †.2 Hence, his most famous series of works: Art as Idea as Idea, are photographic representations of an enlarged dictionary definition such as the definition of art, which can be seen in {Figure 1.} Here he completely disregards the physical object and focuses exclusively on the use of language to supply the information. In this series, Kosuth pays homage to the abstract expressionist painter Ad Reinhardt in reference to a statement made by him that †art is art-as-art and everything else is everything else†.3 In this statement, Reinhardt is making the argument that art is only art if it is intended to be art, and that everything is else is not art. This goes hand in hand with Marcel Duchamp’s unassisted readymades, a term he used to describe the mass-produced objects he chose to designate as art, such as his bicycle wheel mounted on a stool, or his infamous men’s urinal signed R. Mutt. With the readymade, Duchamp changed the focus from the form of the language to what was being sa...

Personal reflection paper Term Example | Topics and Well Written Essays - 1500 words

Personal reflection - Term Paper Example Studying deeply about leadership skills and characteristic allow a person to transform into a dynamic personality with a solid business goal. The learning course which I have studied has all the elaborate information on the qualities one need to imbibe to promote their leadership status. According to (Murthy,2005)â€Å"A leader is an agent of change, and progress is about change. Leadership is about raising the aspirations of followers and enthusing people with a desire to reach for the stars†. A leader is a person who possesses a unique quality indifferent from others. The information that I have collected during my study about leadership will enable me to grow as a strong leader in future. The understanding of leadership qualities and characteristic is essential for an individual to transform into a dynamic leader .A true leader is evolved after passing through much positive and negative experiences. Here, the learning of the course material has provided me with enormous information and suggestion about the way in which, I can upgrade my mental and physical capacities. I believe that understanding the issue related to the individual differences and uniqueness of my personality goes a long way in acknowledging my personal strength and weaknesses. I have been studying the different personality like Type A and B which has the ability to teach a person the category of personality type he fall into .As I categorized my personality; I acquired a basic foundation on which I can built my leadership personality. Moreover, the personality test like Myers Brigg test and HPI has the core potentiality to educate a person about his natural skills and versatility. Being a leader is not an easy task, for this one must have the enormous quality to manipulate one’s emotional behavior. This is where the Emotional intelligence which I studied will come into play. Emotional

Career and developing assignment Essay Example | Topics and Well Written Essays - 2000 words

Career and developing assignment - Essay Example 18,700 per annum, On Target Earnings (OTE), monthly incentive scheme plus benefits. 3.0 Personal Specification Barclays Bank plc requires the services of a permanent banker in the Greater Manchester area. The position needs young, energetic minds with a college degree in management or business. The person must hold excellent communication and analytical skills and should be willing to work full time. The person should also be a quick learner as the job entails learning about new products, services and processes. It will be highly preferred if he is already exposed to a banking background but fresh graduates are also encouraged to apply. The applicant must possess obvious leadership qualities and the ability to deliver under stringent deadlines. The job will greatly challenge the diligence, analysis and the intelligence of the person as it requires understanding the customer's needs, recommending products and processing the required paperwork. The person must be confident in his abili ties and highly motivated to improve the financial condition of their clients. Last but not the least, possession of adequate computer skills is a prerequisite for the job. 4.0 Interview preparation The first step towards interview preparation is the company and job research. I should find more on the company background and the job skills required. The second step is my personal self assessment and evaluation and finding out about my own strengths and weaknesses. The last step is relating my skills, personality and qualifications with those required by the employer. Thus my CV and resume should match with the job description and personal specifications. 5.0 Summary of Organisation Barclays is a premier international bank which provides a range of financial services. Its main strategy for growth is to achieve growth by both diversification and market penetration. Since its basic aim is to be a global leader in the provision of financial services by helping customers and turning them into satisfied clients, it needs the service of highly motivated and committed individuals who are efficient in both working as teams and individually. The four main priorities of the Barclay group are Build the best bank in the UK Accelerate the growth of global businesses Develop retail and commercial banking activities in selected countries outside the UK For these services Barclay needs both collective and individual success which can be achieved by developing talented colleagues to reach their full potential. It is also achieved by clear customer focus and the pioneering of new ideas and the adding of diverse skills to its portfolio. . Key Competitors: In the UK market, the key competitors of Barclays PLC are HSBC Bank, Royal Bank of Scotland (RBS) and Deutsche Bank AG. According to Yahoo Finance research the direct competitor comparison is given in below table. Table 1.0 Competitors Source: Yahoo Finance Stakeholders: Barclays accepts that listening, learning, responding and w orking in partnership with their stakeholders is important to the way they do business. Its stakeholders include both its shareholders and investors but those of primary importance are its customers. This is so because without developing a loyal and large customer base, Barclays cannot generate revenues to satisfy its investors and shareholders. Thus the need of communication and analytical skills is of primary importance for any Barclay's employee since it is essential for getting and retaining

Thompson v. Oklahoma Essay Example for Free

Thompson v. Oklahoma Essay The case Thompson v. Oklahoma took place in 1988. William Thompson (15 year-old boy) killed his brother-in-law, who had been abusing his sister. The murder was not committed in state of temporary insanity, so the court considered it as first-degree murder and sentenced William Thompson to death. As far as the 8th and 14th Amendments ban death sentence for a person, who is under 16 years old at the moment of committing crime, the Court considered execution of 15-year old boy as cruel and unusual. The case was reversed and remanded and the Supreme Court granted William Thompson certiorari. The crime was committed by four persons. William Thompson took part in murder. The killed had a lot of bruises, his leg was broken; his chest, abdomen and throat had been cut, and he had been shot two times. Then after they fettered him to a concrete block and threw him to the river. All four people, who took part in crime, were sentenced to death. As far as Thompson was under 16 at the moment of committing crime, he couldn’t be executed because of prohibition. The justices thoroughly examined circumstances of crime, and concluded that the child was quite aware of consequences at the moment of committing crime and as far as he had mental capacity to realize all the consequences of crime. They stated that there was no chance to rehabilitate William Thompson with help of juvenile system and that he should be treated as adult. At the first stage of trial, the prosecutor presented three photographs, showing the dead body after it was taken out from the river. The photos were introduced to convince guilt of William Thompson. Later the prosecutor asked to find two circumstances, which prove that crime was cruel and heinous. The Court complied with request. In such a way the Court of Criminal Appeals gave its approval to the fact of death sentence. They stated that as far as a person, who was under 16 years old at the moment of committing crime, is certified as an adult for trial procedures, he can be also punished as adult. At the same time, as far as the Supreme Court granted William Thompson certiorari, they had to consider, whether a death sentence was â€Å"cruel and unusual punishment† for a minor and violates his constitutional rights. First of all, there should be a certain degree of culpability, which allows accepting death sentence for a minor. The problem was that authors of the 8th Amendment introduced prohibition against â€Å"cruel and unusual punishments†, although they didn’t give any specifications for that. Judges, who were responsible for trial, should examine, whether the punishment could be considered as violating the â€Å"evolving standards of decency that mark the progress of a maturing society† Trop v. Dulles, 356 U.S. 86, 101 (1958) (plurality opinion) (Warren, C. J.). Justice Powell compared rights of adults and children, and came to conclusion, that there are certain differences between them. For example, children are not eligible to vote, to purchase alcohol and cigarettes, to mention a few. Justice Powell stated that according to laws of Oklahoma, a person under 16 years old can be treated as a child only. Taking into considerations all prohibitions and limitations in rights for minors (as well as driving with parental consent, marrying with parental consent only, etc), the child cannot be treated as adult during the trial and to be fully responsible for his actions before attaining his maturity. Further the Supreme Court examined minimum age for death penalty. For example, there are 14 States in America, which don’t recognize death penalty at all; from the other side, there are 19 States, which authorize to impose death penalty, but don’t state minimum age of a person (this is an obstacle to find consensus). Although, the judges accepted supposition, that in those States, where death penalty is accepted, minimum age of criminal should be at least 16 years. The American Law Institute and the American Bar Association also are against the death sentence for minors. Judges also presented the fact, that there are plenty of countries, where death penalty is prohibited at all (such countries as Germany, United Kingdom, Russia, Spain, New Zealand, the Netherlands, etc) Further, the Supreme Court examined quantity of people, sentenced to death during the XX century, and came to conclusion that majority of cases were held in the first half of century. The average age of young people, committed crimes and sentenced to death, was approximately 18-20 years old. There were only five minors (under 16 years old), sentenced to death for participation in cruel murders. The Court also considered age as a mitigating circumstance, stating that young people at the age under 16 are not able to control their behavior to that extent, the adults can. Young people are more impulsive and cannot think in long-rank terms, as the adults can, so they shouldn’t be treated as adults during trials. So, taking into consideration all afore said, the Court Criminal Judgment’s decision was vacated and the case Thompson v. Oklahoma was remanded, getting instructions to prohibit death sentence for a youth under 16 years old.

Academic Progress: Will No Child Be Left Behind? Essay -- essays paper

Academic Progress: Will No Child Be Left Behind? â€Å"These reforms express my deep belief in our public schools and their mission to build the mind and character of every child, from every background, in every part of America.†Ã¢â‚¬â€President George W. Bush (Executive Summary, 2001). â€Å"We like the bill, but this is a resource issue.†Ã¢â‚¬â€Peter McWalters, commissioner of education in Rhode Island (Coeyman, 2002). â€Å"No Child Left Behind? Everyone hates it. It’s a joke. Not obtainable.†Ã¢â‚¬â€teacher. The No Child Left Behind Act provides incentives for school districts to bring up academic progress, but instead the pressure involved may lead to poor-performing schools falsifying data, teaching to the test, or promoting unprepared students instead of truly improving student performance. Schools which do not achieve their Academic Yearly Progress for two sequential years will suffer loss of funding, corrective action, and may be closed. However, the only way to gauge academic progress on a nation-wide level is through standardized testing, which has serious limitations as a diagnostic tool. The concept of Academic Yearly Progress can lead to bizarre and arbitrary classifications of successful and failing. In additional, some of the corrective measures prescribed by NCLB may be inadequate. Rather than merely reaffirming the Elementary and Secondary Education Act of 1965, President Bush oversaw a complete restructuring. This restructuring, the No Child Left Behind Act of 2001, decrees that every student will be at the academic level deemed proficient by the 2013-14 school year. To achieve this goal, it calls for strict academic accountability. States still have the responsibility of determining their own statewide assessment programs, but... ...same amount of time; the fallacy of the principal as sole instructional leader; the fallacy of setting standards on the basis of exceptions; and the fallacy of uniform standards for all children. The fallacy that all children can learn --at the same level and in the same amount of time.† (2002) And if they cannot learn, we can switch them around, from teacher to teacher, school to school. The Act is unfailingly optimistic. That optimism will destroy any effect that the reform could have. No Child Left Behind is an earnest attempt to fix a real problem- the academic achievement gap between the children of the haves and the children of the have-nots in this country. Unfortunately, the Act gives a rigid timetable and a list of penalties and punishments without giving beleaguered schools solid, concrete examples of how to implement these reforms.

Mercedes benz marketing plan Essay

Mercedes Benz is one of the most recognizable names in the world. If you mention car, luxury, dependable, performance and â€Å"The Best or Nothing†, the first name it comes on your mind is Mercedes Benz. History of Mercedes Benz is the greatest out there, but I am going to focus on the Mercedes Benz USA, also known as MBUSA. MBUSA is a division responsible for distribution and marketing of Mercedes Benz products in the U. S. The headquarters of MBUSA are in Montvale, New Jersey. There are two dealership locations of MBUSA in northeast Ohio, one in Willoughby and the other one in Bedford. Also included in their division are Maybach, Smart and Sprinter. Although founded in 1965, MBUSA started importing Mercedes Benz in 1952, and the iconic car that started it all was 300SL Gullwing. It was founded under Max Hoffman; the current CEO of MBUSA is Steve Cannon. Other key personnel at MBUSA are Harald Henn CFO and VP, Inigo Mazquiaran GM of Corporate Finance and Joachim Schmidt Executive Vice President of Sales & Marketing for Mercedes-Benz. Over the following years, MBUSA grew into a nationwide organization, now employing over 1500 people. The company also has 356 associated dealerships that employ 21,500 people themselves. MBUSA operates in the Car Dealership industry, in the distribution and marketing division of car sales industry to be more specific. With 305,072 passenger vehicles sold in the U. S. in 2012. SWOT Analysis Strengths: 1. Mercedes Benz has a strong brand value and global leader in premium cars 2. Leader in innovation i. e. 1st to introduce diesel engines, fuel injection and anti-locking brakes Weaknesses: 1. High maintenance cost of Mercedes Benz car 2. High prices compared to competition Opportunities: 1. Developing hybrid cars and fuel efficient cars for the future 2. Fast growing luxury automobile market & increased income Threats: 1. Ever increasing fuel prices 2. Intense competition from global automobile brands The Competition: 1. BMW 1. Porsche 2. Audi 3. Volkswagen 4. Jaguar 5. Ferrari 6. Aston Martin 7. Volvo The Industry they compete in is Oligopoly. Their competitive goal is to be global top-of-the-mind premium automobile brand. By putting their slogan as â€Å"the best or nothing†, they are tending to put inside the people’s mind that there is not another competition for them. The main opportunity for MBUSA is that the economy should grow. And the economy is growing because they sold 15% more cars so far than last year. Their best strength is that they always have been innovators, and the leaders in this industry. The technology on these cars is highest ever possible. And they keep amazing people for what they offer; the good example is the all-new 2014 S-Class Mercedes Benz. All competitive advantages, or disadvantages, that Mercedes Benz as a car offers is reflected at their MBUSA sales division. The product they sell in my opinion is superior of what their competition offers.