APEC Philippines 2015
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APEC Philippines 2015
APEC Philippines 2015 was the year-long hosting of the Asia-Pacific Economic Cooperation (APEC) meetings which concluded with the APEC Economic Leaders' Meeting held on 18–19 November 2015 in Pasay, Metro Manila. It was the second time the Philippines hosted the summit, the first being in 1996. The meetings were held amid simmering tensions between China and several nations, including the Philippines, Japan, Vietnam and Malaysia because of the former's aggressive policy of claiming several uninhabited islands in the South China Sea. However, the Philippines decided to put aside the issue temporarily in keeping with its hosting duties. The summit was also held just days after the November 2015 Paris attacks which left 137 people dead, forcing the host country to enforce a lockdown of major streets near summit venues and hotels where the economic leaders were billeted, causing heavy traffic in major Metro Manila roads and inconvenience to commuters and motorists. Agenda The agend ...
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APEC Peru 2016
APEC Peru 2016 ( es, link=no, APEC Perú 2016) was the XXVIII year-long hosting of Asia-Pacific Economic Cooperation (APEC) meetings in Peru, which was culminate with the XXIV APEC Economic Leaders' Meeting in 19–20 November 2016 in Lima. It marked the second time Peru played host to the APEC, previously hosting in 2008. Agenda Four priority areas were laid out as topics to be discussed for the 2016 APEC summit. These are Human Capital Development, Upgrading SMEs, Regional Food Market, and Regional Economic Integration Agenda. These subjects were chosen to build upon on the discussions from the previous APEC summit in the Philippines. Branding On 29 January 2016, the Peruvian President Ollanta Humala said that the theme of the APEC Summit is "Quality Growth and Human Development". The architecture of the ancient city of Caral serves as the inspiration for the official logo of the APEC summit. Preparations On 6 September 2012, then Peruvian Foreign Minister Rafael Roncagliol ...
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Small And Medium Enterprises
Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank, the European Union, the United Nations, and the World Trade Organization (WTO). In any given national economy, SMEs sometimes outnumber large companies by a wide margin and also employ many more people. For example, Australian SMEs makeup 98% of all Australian businesses, produce one-third of the total GDP (gross domestic product) and employ 4.7 million people. In Chile, in the commercial year 2014, 98.5% of the firms were classified as SMEs. In Tunisia, the self-employed workers alone account for about 28% of the total non-farm employment, and firms with fewer than 100 employees account for about 62% of total employment. The United States' SMEs generate half of all U.S. jobs, but only 40% of GDP. Developing countries tend to have a lar ...
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Human Capital
Human capital is a concept used by social scientists to designate personal attributes considered useful in the production process. It encompasses employee knowledge, skills, know-how, good health, and education. Human capital has a substantial impact on individual earnings. Research indicates that human capital investments have high economic returns throughout childhood and young adulthood. Companies can invest in human capital, for example, through education and training, enabling improved levels of quality and production. As a result of his conceptualization and modeling work using Human Capital as a key factor, the 2018 Nobel Prize for Economics was jointly awarded to Paul Romer, who founded the modern innovation-driven approach to understanding economic growth. In the recent literature, the new concept of task-specific human capital was coined in 2004 by Robert Gibbons, an economist at MIT, and Michael Waldman, an economist at Cornell University. The concept emphasizes ...
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Asia-Pacific
Asia-Pacific (APAC) is the part of the world near the western Pacific Ocean. The Asia-Pacific region varies in area depending on context, but it generally includes East Asia, Russian Far East, South Asia, Southeast Asia, Australia and Pacific Islands. Definition The term may include countries in North America and South America that are on the coast of the Eastern Pacific Ocean; the Asia-Pacific Economic Cooperation, for example, includes Canada, Chile, Mexico, Peru, and the United States. Alternatively, the term sometimes comprises all of Asia and Australasia as well as Pacific island nations (Asia-Pacific and Australian continent)—for example, when dividing the world into large regions for commercial purposes (e.g., into APAC, EMEA, LATAM, and NA). Central Asia and Western Asia are almost never included.
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Inclusive Growth
Inclusive growth is economic growth that raises standards of livings for broad swaths of a population. Proponents for inclusive growth warn that inequitable growth may have adverse political outcomes. The definition of inclusive growth implies direct links between the macroeconomic and microeconomic determinants of the economy and economic growth. The microeconomic dimension captures the importance of structural transformation for economic diversification and competition, while the macro dimension refers to changes in economic aggregates such as the country’s gross national product (GNP) or gross domestic product (GDP), total factor productivity, and aggregate factor inputs. Sustainable economic growth requires inclusive growth. Maintaining this is sometimes difficult because economic growth may give rise to negative externalities, such as a rise in corruption, which is a major problem in developing countries. Nonetheless, an emphasis on inclusiveness—especially on equality ...
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Traffic In Metro Manila
Based on the 2015 Global Satisfaction conducted by Waze, Metro Manila has the "worst traffic on Southeast Asia". Based on the 2015 Census of population by the Philippine Statistics Authority, the highly urbanized cities of Metro Manila were listed as being some of the densest cities in the world. Emerson Carlos, MMDA assistant general manager for operation has mentioned that in 2015, motor vehicle registrations in Metro Manila peaked at around 2.5 million. Causes Infrastructure problems One of the primary causes of traffic density within Metro Manila is the current transportation infrastructure. Overall, there is a lack of quality infrastructure thus insufficient modes of mobility. The Duterte administration has promised that the coming years will be the, "golden age of infrastructure", with a record $168 billion to be spent on 5,000 projects across the nation”. Road network The road network of Metro Manila consists of radial (R-1 to R-10) and circumferential (C-1 to C-5) ...
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November 2015 Paris Attacks
The November 2015 Paris attacks () were a series of coordinated Islamist terrorist attacks that took place on Friday, 13 November 2015 in Paris, France, and the city's northern suburb, Saint-Denis. Beginning at 9:15p.m., three suicide bombers struck outside the Stade de France in Saint-Denis, during an international football match, after failing to gain entry to the stadium. Another group of attackers then fired on crowded cafés and restaurants in Paris, with one of them also detonating an explosive, killing himself in the process. A third group carried out another mass shooting and took hostages at an Eagles of Death Metal concert attended by 1,500 people in the Bataclan theatre, leading to a stand-off with police. The attackers were either shot or blew themselves up when police raided the theatre. The culprits killed 130 people, including 90 at the Bataclan theatre. Another 416 people were injured, almost 100 critically. Seven of the attackers were also killed. The attacks w ...
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GMA News And Public Affairs
GMA Integrated News and Public Affairs (formerly known as ''RBS News Department'', ''GMA Radio-Television News'' and ''GMA Rainbow Satellite News''; and commonly GMA (Integrated) News) is the news division of the GMA Network (company), GMA Network Inc. The division produces news, public affairs, infotainment, and lately, sports and entertainment programs for free-to-air TV channels (GMA Network and GTV (Philippine TV network), GTV), national radio station (DZBB-AM, Super Radyo DZBB 594) owned and affiliated regional television and radio stations in the Philippines, and international TV channels (GMA Pinoy TV, GMA Life TV and GMA News TV International). History Public affairs division GMA's Public Affairs division was established in 1987 when Tina Monzon-Palma, then head of GMA News, recognized that a 30-minute newscast was not adequate and sufficient to inform the general Filipino public on what is happening to the recently established Corazon Aquino, Aquino government af ...
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South China Sea Dispute
Territorial disputes in the South China Sea involve conflicting island and maritime claims in the region by several sovereign states, namely Brunei, the People's Republic of China (PRC), Taiwan (Republic of China/ROC), Indonesia, Malaysia, Philippines, and Vietnam. The disputes involve the islands, reefs, banks, and other features of the South China Sea, including the Spratly Islands, Paracel Islands, Scarborough Shoal, and various boundaries in the Gulf of Tonkin. The waters near the Indonesian Natuna Islands, which some regard as geographically part of the South China Sea, are disputed as well. Maritime disputes also extend beyond the South China Sea, as in the case of the Senkaku Islands and the Socotra Rock, which lie in the East China Sea. An estimated US$3.37 trillion worth of global trade passes through the South China Sea annually, which accounts for a third of the global maritime trade. 80 percent of China's energy imports and 39.5 percent of China's total trade pa ...
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Malaysia
Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two regions: Peninsular Malaysia and Borneo's East Malaysia. Peninsular Malaysia shares a land and maritime Malaysia–Thailand border, border with Thailand and Maritime boundary, maritime borders with Singapore, Vietnam, and Indonesia. East Malaysia shares land and maritime borders with Brunei and Indonesia, and a maritime border with the Philippines and Vietnam. Kuala Lumpur is the national capital, the country's largest city, and the seat of the Parliament of Malaysia, legislative branch of the Government of Malaysia, federal government. The nearby Planned community#Planned capitals, planned capital of Putrajaya is the administrative capital, which represents the seat of both the Government of Malaysia#Executive, executive branch (the Cabine ...
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Vietnam
Vietnam or Viet Nam ( vi, Việt Nam, ), officially the Socialist Republic of Vietnam,., group="n" is a country in Southeast Asia, at the eastern edge of mainland Southeast Asia, with an area of and population of 96 million, making it the world's sixteenth-most populous country. Vietnam borders China to the north, and Laos and Cambodia to the west. It shares maritime borders with Thailand through the Gulf of Thailand, and the Philippines, Indonesia, and Malaysia through the South China Sea. Its capital is Hanoi and its largest city is Ho Chi Minh City (commonly known as Saigon). Vietnam was inhabited by the Paleolithic age, with states established in the first millennium BC on the Red River Delta in modern-day northern Vietnam. The Han dynasty annexed Northern and Central Vietnam under Chinese rule from 111 BC, until the first dynasty emerged in 939. Successive monarchical dynasties absorbed Chinese influences through Confucianism and Buddhism, and expanded ...
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