Tuesday, 22 November 2016

Burden of debt

A debt burden is a large amount of money that one country or organization owes to another and which they find very difficult to repay. A debt burden is the amount of debt that a particular country etc. has, considered as a burden on its economy and people and a hindrance to their progress.

The debt of developing countries refers to the external debt incurred by governments of developing countries, generally in quantities beyond the ability of the governments to repay.

Friday, 11 November 2016

Tariff barriers – trade barriers

The trade between countries can be limited by enforcing tariff barriers and other restrictions (non-tariff barriers). A tariff is a tax on imports or exports. Most trade barriers work on the same principle: the imposition of some sort of cost on trade that raises the price of the traded products.

Tariff barriers
Non-tariff   barriers
The trade between countries can be limited by imposing tariff. A tariff is a tax on imports or exports. Tariffs are customs duties (tax) charged on imported or exported goods.
Non-tariff barriers are all trade barriers that restrict international trade, but in a form other than tariffs.
Examples of tariff barriers to trade:
-Manufactured goods from LEDCs to the EU face a tariff of 30%.
-The European Union may place a tariff on imported beef from the United States if it thinks that the goods could be infected with a disease.
Japanese companies have located in the European Union to avoid tariffs, the EU do not apply duties if 60% of the components are made in Europe.
Examples of non-tariff barriers to trade:
-Import licenses
-Export licenses
-Import quotas
-Local content requirements
-Currency devaluation

Why are tariffs and trade barriers used?
Tariffs are often created to protect the domestic industries and developing economies, but are also used by more advanced economies with developed industries.
Who benefits?
The benefits of tariffs are uneven. Because a tariff is a tax, the government will see increased revenue as imports enter the domestic market. Domestic industries also benefit from a reduction in competition, since import prices are artificially inflated. Unfortunately for consumers - both individual consumers and businesses - higher import prices mean higher prices for goods.

Wednesday, 9 November 2016

The Villages - an age-restricted, gated community in Florida

The Villages is a master-planned retirement community, an age-restricted community in Sumter County, Florida, United States.


The Villages consistently ranks as a very high growth area. The US Census ranked The Villages as the fastest-growing U.S. city for the second year in a row. The Villages has more than doubled in size since 2010. As of April 2016, the total population of retirement community The Villages reached 55,000 people.


The Villages offers numerous forms of recreation. The majority of the costs are paid for via the monthly amenities fee assessed to residents. The centerpiece of The Villages is its numerous assortment of golf courses. The ability to play "Free Golf for Life" is a key component of The Villages advertising campaigns. In addition, The Villages operates numerous recreation centers. These centers offer local adult-only pools as well as horseshoe, and shuffleboard courts, fitness centers and stages for theatrical and musical productions. Beyond the golf courses and recreation centers, The Villages also operates numerous softball fields, a polo stadium and a woodworking shop, plus the Lifelong Learning College.


The Villages is a gated community known for low crime rates.