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Economy Of Saint Lucia
Once a single-crop agricultural economy, Saint Lucia has shifted to a tourism and banking serviced-based economy. Tourism, the island's biggest industry and main source of jobs, income and foreign exchange, accounts for 65% of its GDP. Agriculture, which was once the biggest industry, now contributes to less than 3% of GDP, but still accounts for 20% of jobs. The banana industry is now on a decline due to strong competition from low-cost Latin American producers and reduced European trade preferences, but the government has helped revitalize the industry, with 13,734 tonnes exported in 2018. Agricultural crops grown for export are bananas, mangoes, and avocados. The island is considered to have the most diverse and well-developed manufacturing industry in the eastern Caribbean. Saint Lucia has been able to attract many foreign businesses and investors. Economic history The island's banana output was heavily impacted in 2007 by Hurricane Dean. In 2006, the governor stated: : ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Castries
Castries is the capital and largest city of Saint Lucia, an island country in the Caribbean. The urban area has a population of approximately 20,000, while the eponymous district has a population of 70,000, as at May 2013. The city stretches over an area of . Castries is on a flood plain and is built on reclaimed land. It houses the seat of government and the head offices of many foreign and local businesses. The city is laid out in a grid pattern. Its sheltered harbour receives cargo vessels, ferries and cruise ships. It houses duty-free shopping facilities such as Point Seraphine and La Place Carenage. The city is well served by a bus system and taxi service. St Lucia's main post office is in Castries. Castries is the birthplace of Arthur Lewis, winner of the 1979 Nobel Memorial Prize in Economics, as well as of Derek Walcott, winner of the 1992 Nobel Prize for Literature. History In 1650, the fort ''aupres du Petit Cul-de-Sac et de la riviere du Carénage'' was founded by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Human Development Report
The Human Development Report (HDR) is an annual Human Development Index report published by the Human Development Report Office of the United Nations Development Programme (UNDP). The first HDR was launched in 1990 by the Pakistani economist Mahbub ul Haq and Indian Nobel laureate Amartya Sen. Since then reports have been released most years, and have explored different themes through the human development approach, which places people at the center of the development process. The reports are ensured of editorial independence by the United Nations General Assembly. They are seen as reports to UNDP, not of UNDP. This allows each report greater freedom to explore ideas and constructively challenge policies. Each report also presents an updated set of indices, including the Human Development Index (HDI), which is a measure of average achievement in the basic dimensions of human development across countries, and a compendium of key development statistics relevant to the report the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banana
A banana is an elongated, edible fruit – botanically a berry – produced by several kinds of large herbaceous flowering plants in the genus ''Musa''. In some countries, bananas used for cooking may be called "plantains", distinguishing them from dessert bananas. The fruit is variable in size, color, and firmness, but is usually elongated and curved, with soft flesh rich in starch covered with a rind, which may be green, yellow, red, purple, or brown when ripe. The fruits grow upward in clusters near the top of the plant. Almost all modern edible seedless ( parthenocarp) bananas come from two wild species – ''Musa acuminata'' and ''Musa balbisiana''. The scientific names of most cultivated bananas are ''Musa acuminata'', ''Musa balbisiana'', and ''Musa'' × ''paradisiaca'' for the hybrid ''Musa acuminata'' × ''M. balbisiana'', depending on their genomic constitution. The old scientific name for this hybrid, ''Musa sapientum'', is no longer used. ''Musa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hurricane Dean
Hurricane Dean was the strongest tropical cyclone of the 2007 Atlantic hurricane season. It was the most intense North Atlantic hurricane since Hurricane Wilma of 2005, tying for eighth overall. Additionally, it made the fourth most intense Atlantic hurricane landfall. A Cape Verde hurricane that formed on August 13, 2007, Dean took a west-northwest path from the eastern Atlantic Ocean through the Saint Lucia Channel and into the Caribbean. It strengthened into a major hurricane, reaching Category 5 status on the Saffir–Simpson hurricane wind scale before passing just south of Jamaica on August 20. The storm made landfall on the Yucatán Peninsula on August 21 at peak intensity. It crossed the peninsula and emerged into the Bay of Campeche weakened, but still remained a hurricane. It strengthened briefly before making a second landfall near Tecolutla in the Mexican state of Veracruz on August 22. Dean drifted to the northwest, weakening into a remnant low which d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manufacturing
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers). Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing process, or the steps through which raw materials are transformed into a final p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banana Industry
The banana industry is an important part of the global industrial agrobusiness. About 15% of the global banana production goes to export and international trade for consumption in Western countries. They are grown on banana plantations primarily in the Americas. Ecological impact As is the case with all monocultures, the intensive agroindustrial methods for banana production have considerable environmental impact. Banana cultivation requires a large amount of pesticide (estimate: ) and can encourage ecosystem destruction through deforestation. Moreover, food miles and plastic packaging leave a large carbon footprint. Cash crop In 2012 the volume of global gross banana exports reached a record high of , 1.1 million tonnes (or 7.3 percent) above 2011 level. Bananas are the most popular fruit in the United States, with more consumed annually than apples and oranges combined. In spite of the multitude of banana species across the world, even only taking into account the cultivate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agriculture
Agriculture or farming is the practice of cultivating plants and livestock. Agriculture was the key development in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people to live in cities. The history of agriculture began thousands of years ago. After gathering wild grains beginning at least 105,000 years ago, nascent farmers began to plant them around 11,500 years ago. Sheep, goats, pigs and cattle were domesticated over 10,000 years ago. Plants were independently cultivated in at least 11 regions of the world. Industrial agriculture based on large-scale monoculture in the twentieth century came to dominate agricultural output, though about 2 billion people still depended on subsistence agriculture. The major agricultural products can be broadly grouped into foods, fibers, fuels, and raw materials (such as rubber). Food classes include cereals (grains), vegetables, fruits, cooking oils, meat, milk, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross Domestic Product
Gross domestic product (GDP) is a money, monetary Measurement in economics, measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is often revised before being considered a reliable indicator. List of countries by GDP (nominal) per capita, GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation, inflation rates of the countries; therefore, using a basis of List of countries by GDP (PPP) per capita, GDP per capita at purchasing power parity (PPP) may be more useful when comparing standard of living, living standards between nations, while nominal GDP is more useful comparing national economies on the international market. Total GDP can also be broken down into the contribution of each industry or sector of the economy. The ratio of GDP to the total population of the region is the GDP per capita, p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tourism In Saint Lucia
Saint Lucia, an island nation in the Caribbean islands, has a relatively large tourism industry. Due to the relatively small land area of the country, most of the governmental promotion is performed by the state-operated Saint Lucia Tourism Authority, led by Executive Chairperson Agnes. Area and location Saint Lucia has an area of 239 square miles (619 sq. km.). It is located in the eastern Caribbean Sea, in the windward islands. * Coordinates: * Population: 183,627 (2023 est.) / World Rank: 189 * Capital City: Castries, Castries District, in northern Saint Lucia * Largest City: Castries, population 53,000 (2000 est.) There are two international airports in Saint Lucia. Currency Together with other states in the island chain, Saint Lucia is part of the Organisation of Eastern Caribbean States, whose Eastern Caribbean Central Bank is responsible for a currency union managing the Eastern Caribbean dollar (US$1 = EC$2.7). Tourism industry Saint Lucia is a popular touris ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saint Lucia
Saint Lucia ( acf, Sent Lisi, french: Sainte-Lucie) is an island country of the West Indies in the eastern Caribbean. The island was previously called Iouanalao and later Hewanorra, names given by the native Arawaks and Caribs, two Amerindian peoples. Part of the Windward Islands of the Lesser Antilles, it is located north/northeast of the island of Saint Vincent (Antilles), Saint Vincent, northwest of Barbados and south of Martinique. It covers a land area of with an estimated population of over 180,000 people as of 2022. The national capital is the city of Castries. The first proven inhabitants of the island, the Arawaks, are believed to have first settled in AD 200–400. Around 800 AD, the island would be taken over by the Kalinago. The French were the first Europeans to settle on the island, and they signed a treaty with the native Caribs in 1660. England took control of the island in 1663. In ensuing years, England and France fought 14 times for control of the island, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Intelligence Agency
The Central Intelligence Agency (CIA ), known informally as the Agency and historically as the Company, is a civilian foreign intelligence service of the federal government of the United States, officially tasked with gathering, processing, and analyzing national security information from around the world, primarily through the use of human intelligence (HUMINT) and performing covert actions. As a principal member of the United States Intelligence Community (IC), the CIA reports to the Director of National Intelligence and is primarily focused on providing intelligence for the President and Cabinet of the United States. President Harry S. Truman had created the Central Intelligence Group under the direction of a Director of Central Intelligence by presidential directive on January 22, 1946, and this group was transformed into the Central Intelligence Agency by implementation of the National Security Act of 1947. Unlike the Federal Bureau of Investigation (FBI), which is a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ease Of Doing Business Index
The ease of doing business index was an index created jointly by Simeon Djankov, Michael Klein, and Caralee McLiesh, three leading economists at the World Bank Group. The academic research for the report was done jointly with professors Edward Glaeser, Oliver Hart, and Andrei Shleifer. Higher rankings (a low numerical value) indicated better, usually simpler, regulations for businesses and stronger protections of property rights. Empirical research funded by the World Bank to justify their work show that the economic growth effect of improving these regulations is strong. Though the first report was authored by Djankov, Klein, and McLiesh, and they continue to be listed as "founders" of the report, some sources attribute the genesis of the idea to Djankov and Gerhard Pohl. The report was discontinued by the World Bank on September 16, 2021, following the release of an independent audit of the data irregularities. The audit documented how bank leadership pressured experts to manip ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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