Word: dependency
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...difference between poverty and prosperity. In Kenya, a single employee at a hotel or restaurant supports four other people with their salary, according to Gerson Misumi, managing director of Tamarind Management, a restaurant and resort firm in Kenya and South Africa. "There's a chain of services that depend on our industry." Lipman of the UNWTO agrees. "Tourism is a good development agent because poor countries don't have to manufacture it," he says. Developing nations already have their product - nature, culture, tradition - and all that's required to profit is a bit of investment in infrastructure and Internet marketing...
...transportation system. However, he continues, with time the bus system has fallen into the "vice" of concentrated ownership and inefficient service. Today, Leis says, the red devils represent "a form of hell" that pose more of a hazard than public service to the 800,000 low-income Panamanians who depend on them every day for a ride to work or school...
...Pacific Symphony in Southern California's Orange County won't be playing the sounds of silence anytime soon, thanks to the Farmers & Merchants Bank, one of many corporate benefactors. "The arts are a very rich part of the fabric of a region, and these organizations depend on companies like ours for support," explains Henry Walker, the family-owned institution's executive vice president, who sits on the symphony's board. "We feel we have a responsibility to them...
...Because SOE revenues depend less on internal and external demand and more on government spending, Huang says, "the state sector can simply produce without regard to market demand whereas the private sector cannot. This is why in a situation like this when the market demand has just collapsed the only one that is left standing is the state sector...
...relatively mild - but what Osterholm calls "collateral damage" if governments respond to the emergency by instituting border controls and disrupting world trade. Not only would the global recession worsen - a 2008 World Bank report estimated that a severe pandemic could reduce the world's GDP by 4.8% - but we depend on international trade now for countless necessities, from generic medicines to surgical gloves. The just-in-time production systems embraced by companies like Wal-Mart - where inventories are kept as low as possible to cut waste and boost profit - mean that we don't have stockpiles of most things. Supply...