1.
Fiscal year
–
A fiscal year is the period used by governments for accounting and budget purposes, which vary between countries. It is also used for reporting by business and other organizations. Taxation laws generally require accounting records to be maintained and taxes calculated on an annual basis, the calculation of tax on an annual basis is especially relevant for direct taxation, such as income tax. Many annual government fees—such as Council rates, licence fees, etc. —are also levied on a year basis. The fiscal year end is the date marks the end of the fiscal year. Some companies—such as Cisco Systems—end their fiscal year on the day of the week each year. Under such a system, some years will have 52 weeks. Many universities have a year which ends during the summer. In the northern hemisphere this is July to the next June, in the southern hemisphere this is calendar year, January to December. Some media/communication-based organizations use a broadcast calendar as the basis for their fiscal year, the American football league NFL uses the term league year, which in effect forms the leagues fiscal year. In Afghanistan, the year was recently changed from 1 Hamal –29 Hoot to 1 Jadi –30 Qaus. The fiscal year runs with the Afghan calendar, thus resulting in difference of the Gregorian dates once in a four-year span, in Australia, a fiscal year is commonly called a financial year and starts on 1 July and ends on the next 30 June. Financial years are designated by the year of the second half of the period. For example, financial year 2017 is the 12-month period ending on 30 June 2017 and it is used for official purposes, by individual taxpayers and by the overwhelming majority of business enterprises. Business enterprises may opt to use a year that ends at the end of a week. All entities within the one group must use the financial year. The Commonwealth adopted the near-ubiquitous financial year standard since its inception in 1901, the reason given for the change was for convenience, as Parliament typically sits during May and June, while it was difficult for it to meet in November and December to pass a budget. In Austria the fiscal year is the year,1 January to 31 December
Fiscal year
–
Accounting
2.
CAFTA
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Note, Within this article, CAFTA refers to the agreement as it stood before January 2004, and CAFTA-DR is used after that. The Dominican Republic–Central America Free Trade Agreement is a trade agreement. Originally, the agreement encompassed the United States and the Central American countries of Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua, in 2004, the Dominican Republic joined the negotiations, and the agreement was renamed CAFTA-DR. Panama has completed negotiations with the United States for a free trade agreement known as the Panama–U. S. Trade Promotion Agreement, and has been in effect since October 2012, the CAFTA-DR constitutes the first free trade agreement between the United States and a small group of developing countries. It was created with the purpose of creating new and better economic opportunities by opening markets, eliminating tariffs, reducing barriers to services, in 2015, it was estimated that the total two-way trade resulted in $53 billion. Nearly all Central American exports to the United States had already been tariff-free thanks to the 1984 Caribbean Basin Initiative, the agreement is a treaty under international law, but not under the U. S. Constitution because in the United States laws require majority approval in both houses, while treaties require two-thirds approval in the Senate only, under U. S. law, CAFTA-DR is a congressional-executive agreement. Controversy arose over this vote because it was held open 1 hour and 45 minutes longer than the normal 15 minutes in order to get some members to change their votes. For procedural reasons, the Senate took a vote on CAFTA on July 28. The implementing legislation became Public Law 109-053 when it was signed by President George W. Bush on August 2,2005, the Dominican Republic, Costa Rica, El Salvador, Guatemala, Nicaragua, and Honduras have also approved the agreement. They are all the current members of CAFTA-DR, El Salvador became the first country to formally implement CAFTA, which went into effect on March 1,2006, when the Organization of American States received signed copies of the treaty. On April 1,2006, Honduras and Nicaragua fully implemented the agreement, on May 18,2006, the Congress of Guatemala ratified CAFTA-DR, which went into effect on July 1,2006. The Dominican Republic implemented the agreement on March 1,2007, in a referendum on October 7,2007, Costa Rica narrowly backed the free trade agreement, with 51. 6% voting Yes, the agreement took effect on January 1,2009. The goal of the agreement is the creation of a trade area similar to NAFTA, which currently encompasses the United States, Canada. Canada is negotiating a treaty called the Canada–Central American Free Trade Agreement. Once passed by the countries involved, tariffs on about 80% of U. S. exports to the countries were eliminated immediately. Two-way trade amounted to about $50 billion in the same year, while not necessarily a part of Plan Puebla Panama, CAFTA is a necessary precursor to the execution of Plan Puebla Panama by the Inter-American Development Bank
CAFTA
–
Presidents
Francisco Flores Pérez,
Ricardo Maduro,
George W. Bush,
Abel Pacheco,
Enrique Bolaños and
Alfonso Portillo
CAFTA
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Anti-CAFTA graffiti in
San José, Costa Rica
3.
Gross domestic product
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Gross Domestic Product is a monetary measure of the market value of all final goods and services produced in a period. Nominal GDP estimates are used to determine the economic performance of a whole country or region. The OECD defines GDP as a measure of production equal to the sum of the gross values added of all resident and institutional units engaged in production. ”An IMF publication states that GDP measures the monetary value of final goods and services - that is. Total GDP can also be broken down into the contribution of industry or sector of the economy. The ratio of GDP to the population of the region is the per capita GDP. William Petty came up with a concept of GDP to defend landlords against unfair taxation during warfare between the Dutch and the English between 1652 and 1674. Charles Davenant developed the method further in 1695, the modern concept of GDP was first developed by Simon Kuznets for a US Congress report in 1934. In this report, Kuznets warned against its use as a measure of welfare, after the Bretton Woods conference in 1944, GDP became the main tool for measuring a countrys economy. The switch from GNP to GDP in the US was in 1991, the history of the concept of GDP should be distinguished from the history of changes in ways of estimating it. The value added by firms is relatively easy to calculate from their accounts, but the value added by the sector, by financial industries. GDP can be determined in three ways, all of which should, in principle, give the same result and they are the production approach, the income approach, or the expenditure approach. The most direct of the three is the approach, which sums the outputs of every class of enterprise to arrive at the total. The income approach works on the principle that the incomes of the factors must be equal to the value of their product. This approach mirrors the OECD definition given above, deduct intermediate consumption from gross value to obtain the gross value added. Gross value added = gross value of output – value of intermediate consumption, value of output = value of the total sales of goods and services plus value of changes in the inventories. The sum of the value added in the various economic activities is known as GDP at factor cost. GDP at factor cost plus indirect taxes less subsidies on products = GDP at producer price, for measuring output of domestic product, economic activities are classified into various sectors. Subtracting each sectors intermediate consumption from gross output gives the GDP at factor cost, adding indirect tax minus subsidies in GDP at factor cost gives the GDP at producer prices
Gross domestic product
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Selection of GDP PPP data (top 10 countries and blocks) in no particular order
4.
Inflation
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In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time resulting in a loss of value of currency. When the price rises, each unit of currency buys fewer goods. Consequently, inflation reflects a reduction in the power per unit of money – a loss of real value in the medium of exchange. A chief measure of inflation is the inflation rate, the annualized percentage change in a general price index, usually the consumer price index. The opposite of inflation is deflation, Inflation affects economies in various positive and negative ways. Economists generally believe that high rates of inflation and hyperinflation are caused by a growth of the money supply. However, money supply growth does not necessarily cause inflation, some economists maintain that under the conditions of a liquidity trap, large monetary injections are like pushing on a string. Views on which factors determine low to moderate rates of inflation are more varied, low or moderate inflation may be attributed to fluctuations in real demand for goods and services, or changes in available supplies such as during scarcities. However, the view is that a long sustained period of inflation is caused by money supply growing faster than the rate of economic growth. Today, most economists favor a low and steady rate of inflation, the task of keeping the rate of inflation low and stable is usually given to monetary authorities. Rapid increases in quantity of the money or in the money supply have occurred in many different societies throughout history. By diluting the gold with other metals, the government could issue more coins without also needing to increase the amount of used to make them. When the cost of each coin is lowered in this way and this practice would increase the money supply but at the same time the relative value of each coin would be lowered. As the relative value of the coins becomes lower, consumers would need to give more coins in exchange for the same goods and these goods and services would experience a price increase as the value of each coin is reduced. Song Dynasty China introduced the practice of printing paper money in order to create fiat currency, during the Mongol Yuan Dynasty, the government spent a great deal of money fighting costly wars, and reacted by printing more money, leading to inflation. Fearing the inflation that plagued the Yuan dynasty, the Ming Dynasty initially rejected the use of paper money, historically, large infusions of gold or silver into an economy also led to inflation. This was largely caused by the influx of gold and silver from the New World into Habsburg Spain. The silver spread throughout a previously cash-starved Europe and caused widespread inflation, demographic factors also contributed to upward pressure on prices, with European population growth after depopulation caused by the Black Death pandemic
Inflation
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Two 20 kr gold coins from the
Scandinavian Monetary Union, a historical example of an international gold standard.
Inflation
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Annual inflation rates in the United States from 1666 to 2004.
5.
Consumer price index
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A consumer price index measures changes in the price level of market basket of consumer goods and services purchased by households. The CPI is a statistical estimate constructed using the prices of a sample of items whose prices are collected periodically. It is one of several price indices calculated by most national statistical agencies, the annual percentage change in a CPI is used as a measure of inflation. A CPI can be used to index the real value of wages, salaries, pensions, for regulating prices, in most countries, the CPI is, along with the population census one of the most closely watched national economic statistics. Basic types of data that are needed to construct the CPI, price data, the price data are collected for a sample of goods and services from a sample of sales outlets in a sample of locations for a sample of times. The weighting data are estimates of the shares of the different types of expenditure in the total expenditure covered by the index, therefore, the sampling variance cannot be calculated. In any case, an estimate is required in most of the purposes for which the index is used. These indices compare prices each month with prices in the price-reference month and it takes time to assemble and process the information used for weighting which, in addition to household expenditure surveys, may include trade and tax data. Ideally, the weights would relate to the composition of expenditure during the time between the month and the current month. There is a large technical economics literature on index formulae which would approximate this, such an index would show how consumer expenditure would have to move to compensate for price changes so as to allow consumers to maintain a constant standard of living. Approximations can only be computed retrospectively, whereas the index has to appear monthly and, preferably, the coverage of the index may be limited. Saving and investment are always excluded, though the prices paid for services provided by financial intermediaries may be included along with insurance. The index reference period, usually called the year, often differs both from the weight-reference period and the price reference period. This is just a matter of rescaling the whole time-series to make the value for the index reference-period equal to 100. Current Item Price = Base Year Price × Current CPI Base Year CPI or CPI2 CPI1 = Price 2 Price 1 Where 1 is usually the comparison year, alternatively, the CPI can be performed as CPI = updated cost base period cost ×100. The updated cost is divided by that of the initial year, many but not all price indices are weighted averages using weights that sum to 1 or 100. Example, The prices of 85,000 items from 22,000 stores, and 35,000 rental units are added together and averaged. They are weighted this way, Housing,41. 4%, Food and Beverage,17. 4%, Transport,17. 0%, Medical Care,6. 9%, Other,6. 9%, Apparel,6. 0%, Entertainment,4. 4%
Consumer price index
–
A graph of the
US CPI from 1913 to 2014 (in blue), and its percentage annual change (in red)
6.
Poverty threshold
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The poverty threshold, poverty limit or poverty line is the minimum level of income deemed adequate in a particular country. In practice, like the definition of poverty, the official or common understanding of the poverty line is higher in developed countries than in developing countries. In 2008, the World Bank came out with a figure of $1.25 at 2005 purchasing-power parity, the new IPL replaces the $1.25 per day figure, which used 2005 data. Most scholars agree that it better reflects todays reality, particularly new price levels in developing countries, the common international poverty line has in the past been roughly $1 a day. At present the percentage of the population living under extreme poverty is likely to fall below 10% according to the World Bank projections released in 2015. Determining the poverty line is usually done by finding the total cost of all the resources that an average human adult consumes in one year. Individual factors are used to account for various circumstances, such as whether one is a parent, elderly. The poverty threshold may be adjusted annually, charles Booth, a pioneering investigator of poverty in London at the turn of the 20th century, popularised the idea of a poverty line, a concept originally conceived by the London School Board. Booth set the line at 10 to 20 shillings per week, to secure the necessaries of a healthy life, which included fuel and light, rent, food, clothing, and household and personal items. Based on data from leading nutritionists of the period, he calculated the cheapest price for the minimum calorific intake and nutritional balance necessary and he considered this amount to set his poverty line and concluded that 27. 84% of the total population of York lived below this poverty line. Rowntree distinguished between primary poverty, those lacking in income and secondary poverty, those who had enough income, Absolute poverty is the level of poverty as defined in terms of the minimal requirements necessary to afford minimal standards of food, clothing, health care and shelter. For the measure to be absolute, the line must be the same in different countries, cultures, such an absolute measure should look only at the individuals power to consume and it should be independent of any changes in income distribution. Notice that if real income in an economy increases. Measuring poverty by a threshold has the advantage of applying the same standard across different locations and time periods. For example, a living in far northern Scandinavia requires a source of heat during colder months. The term absolute poverty is sometimes used as a synonym for extreme poverty. Absolute poverty is the absence of resources to secure basic life necessities. It depends not only on income but also on access to services, safe drinking water, Water must not come solely from rivers and ponds, and must be available nearby
Poverty threshold
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Percentage of population living on less than
$ 1.25 per day.
UN estimates 2000–2007.
7.
Gini coefficient
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The Gini coefficient is a measure of statistical dispersion intended to represent the income or wealth distribution of a nations residents, and is the most commonly used measure of inequality. It was developed by the Italian statistician and sociologist Corrado Gini, the Gini coefficient measures the inequality among values of a frequency distribution. A Gini coefficient of zero expresses perfect equality, where all values are the same, a Gini coefficient of 1 expresses maximal inequality among values. However, a greater than one may occur if some persons represent negative contribution to the total. For larger groups, values close to or above 1 are very unlikely in practice, the exception to this is in the redistribution of wealth resulting in a minimum income for all people. When the population is sorted, if their distribution were to approximate a well known function. The Gini coefficient was proposed by Gini as a measure of inequality of income or wealth, the global income Gini coefficient in 2005 has been estimated to be between 0.61 and 0.68 by various sources. There are some issues in interpreting a Gini coefficient, the same value may result from many different distribution curves. The demographic structure should be taken into account, Countries with an aging population, or with a baby boom, experience an increasing pre-tax Gini coefficient even if real income distribution for working adults remains constant. Scholars have devised over a dozen variants of the Gini coefficient, the line at 45 degrees thus represents perfect equality of incomes. The Gini coefficient can then be thought of as the ratio of the area lies between the line of equality and the Lorenz curve over the total area under the line of equality. It is also equal to 2A and to 1 - 2B due to the fact that A + B =0.5. If all people have non-negative income, the Gini coefficient can theoretically range from 0 to 1, in practice, both extreme values are not quite reached. If negative values are possible, then the Gini coefficient could theoretically be more than 1, normally the mean is assumed positive, which rules out a Gini coefficient less than zero. An alternative approach would be to consider the Gini coefficient as half of the mean absolute difference. The effects of income policy due to redistribution can be seen in the linear relationships. An informative simplified case just distinguishes two levels of income, low and high, if the high income group is u % of the population and earns a fraction f % of all income, then the Gini coefficient is f − u. An actual more graded distribution with these same values u and f will always have a higher Gini coefficient than f − u, the proverbial case where the richest 20% have 80% of all income would lead to an income Gini coefficient of at least 60%
Gini coefficient
–
Graphical representation of the Gini coefficient The graph shows that the Gini coefficient is equal to the area marked A divided by the sum of the areas marked A and B, that is, Gini = A / (A + B). It is also equal to 2* A due to the fact that A + B = 0.5 (since the axes scale from 0 to 1).
8.
United States
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Forty-eight of the fifty states and the federal district are contiguous and located in North America between Canada and Mexico. The state of Alaska is in the northwest corner of North America, bordered by Canada to the east, the state of Hawaii is an archipelago in the mid-Pacific Ocean. The U. S. territories are scattered about the Pacific Ocean, the geography, climate and wildlife of the country are extremely diverse. At 3.8 million square miles and with over 324 million people, the United States is the worlds third- or fourth-largest country by area, third-largest by land area. It is one of the worlds most ethnically diverse and multicultural nations, paleo-Indians migrated from Asia to the North American mainland at least 15,000 years ago. European colonization began in the 16th century, the United States emerged from 13 British colonies along the East Coast. Numerous disputes between Great Britain and the following the Seven Years War led to the American Revolution. On July 4,1776, during the course of the American Revolutionary War, the war ended in 1783 with recognition of the independence of the United States by Great Britain, representing the first successful war of independence against a European power. The current constitution was adopted in 1788, after the Articles of Confederation, the first ten amendments, collectively named the Bill of Rights, were ratified in 1791 and designed to guarantee many fundamental civil liberties. During the second half of the 19th century, the American Civil War led to the end of slavery in the country. By the end of century, the United States extended into the Pacific Ocean. The Spanish–American War and World War I confirmed the status as a global military power. The end of the Cold War and the dissolution of the Soviet Union in 1991 left the United States as the sole superpower. The U. S. is a member of the United Nations, World Bank, International Monetary Fund, Organization of American States. The United States is a developed country, with the worlds largest economy by nominal GDP. It ranks highly in several measures of performance, including average wage, human development, per capita GDP. While the U. S. economy is considered post-industrial, characterized by the dominance of services and knowledge economy, the United States is a prominent political and cultural force internationally, and a leader in scientific research and technological innovations. In 1507, the German cartographer Martin Waldseemüller produced a map on which he named the lands of the Western Hemisphere America after the Italian explorer and cartographer Amerigo Vespucci
United States
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Native Americans meeting with Europeans, 1764
United States
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Flag
United States
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The signing of the
Mayflower Compact, 1620.
United States
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The
Declaration of Independence: the
Committee of Five presenting their draft to the
Second Continental Congress in 1776
9.
Guatemala
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With an estimated population of around 15.8 million, it is the most populated state in Central America. Guatemala is a democracy, its capital and largest city is Nueva Guatemala de la Asunción. The territory of modern Guatemala once formed the core of the Maya civilization, most of the country was conquered by the Spanish in the 16th century, becoming part of the viceroyalty of New Spain. Guatemala attained independence in 1821 as part of the Federal Republic of Central America, from the mid to late 19th century, Guatemala experienced chronic instability and civil strife. Beginning in the early 20th century, it was ruled by a series of dictators backed by the United Fruit Company, in 1944, authoritarian leader Jorge Ubico was overthrown by a pro-democratic military coup, initiating a decade-long revolution that led to sweeping social and economic reforms. A U. S. -backed military coup in 1954 ended the revolution, from 1960 to 1996, Guatemala endured a bloody civil war fought between the US-backed government and leftist rebels, including genocidal massacres of the Maya population perpetrated by the military. As of 2014, Guatemala ranks 31st of 33 Latin American and Caribbean countries in terms of the Human Development Index, Guatemalas abundance of biologically significant and unique ecosystems includes a large number of endemic species and contributes to Mesoamericas designation as a biodiversity hotspot. The country is known for its rich and distinct culture. The name Guatemala comes from the Nahuatl word Cuauhtēmallān, or place of many trees and this was the name the Tlaxcaltecan soldiers who accompanied Pedro de Alvarado during the Spanish Conquest gave to this territory. The first evidence of habitation in Guatemala dates back to 12,000 BC. Evidence, such as obsidian arrowheads found in parts of the country. There is archaeological proof that early Guatemalan settlers were hunters and gatherers, pollen samples from Petén and the Pacific coast indicate that maize cultivation had been developed by 3500 BC. Sites dating back to 6500 BC have been found in the Quiché region in the Highlands, archaeologists divide the pre-Columbian history of Mesoamerica into the Preclassic period, the Classic period, and the Postclassic period. Until recently, the Preclassic was regarded as a period, with small villages of farmers who lived in huts. This period is characterized by urbanisation, the emergence of independent city-states and this lasted until approximately 900 AD, when the Classic Maya civilization collapsed. The Maya abandoned many of the cities of the lowlands or were killed off by a drought-induced famine. The cause of the collapse is debated, but the Drought Theory is gaining currency, supported by such as lakebeds, ancient pollen. A series of prolonged droughts, among other such as overpopulation, in what is otherwise a seasonal desert is thought to have decimated the Maya
Guatemala
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Tikal Mayan ruins.
Guatemala
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Flag
Guatemala
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The Conquistador
Pedro de Alvarado led the initial Spanish efforts to conquer Guatemala.
Guatemala
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Criollos rejoice upon learning about the declaration of independence from Spain on September 15, 1821.
10.
Netherlands
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The Netherlands is the main constituent country of the Kingdom of the Netherlands. It is a densely populated country located in Western Europe with three territories in the Caribbean. The European part of the Netherlands borders Germany to the east, Belgium to the south, and the North Sea to the northwest, sharing borders with Belgium, the United Kingdom. The three largest cities in the Netherlands are Amsterdam, Rotterdam and The Hague, Amsterdam is the countrys capital, while The Hague holds the Dutch seat of parliament and government. The port of Rotterdam is the worlds largest port outside East-Asia, the name Holland is used informally to refer to the whole of the country of the Netherlands. Netherlands literally means lower countries, influenced by its low land and flat geography, most of the areas below sea level are artificial. Since the late 16th century, large areas have been reclaimed from the sea and lakes, with a population density of 412 people per km2 –507 if water is excluded – the Netherlands is classified as a very densely populated country. Only Bangladesh, South Korea, and Taiwan have both a population and higher population density. Nevertheless, the Netherlands is the worlds second-largest exporter of food and agricultural products and this is partly due to the fertility of the soil and the mild climate. In 2001, it became the worlds first country to legalise same-sex marriage, the Netherlands is a founding member of the EU, Eurozone, G-10, NATO, OECD and WTO, as well as being a part of the Schengen Area and the trilateral Benelux Union. The first four are situated in The Hague, as is the EUs criminal intelligence agency Europol and this has led to the city being dubbed the worlds legal capital. The country also ranks second highest in the worlds 2016 Press Freedom Index, the Netherlands has a market-based mixed economy, ranking 17th of 177 countries according to the Index of Economic Freedom. It had the thirteenth-highest per capita income in the world in 2013 according to the International Monetary Fund, in 2013, the United Nations World Happiness Report ranked the Netherlands as the seventh-happiest country in the world, reflecting its high quality of life. The Netherlands also ranks joint second highest in the Inequality-adjusted Human Development Index, the region called Low Countries and the country of the Netherlands have the same toponymy. Place names with Neder, Nieder, Nether and Nedre and Bas or Inferior are in use in all over Europe. They are sometimes used in a relation to a higher ground that consecutively is indicated as Upper, Boven, Oben. In the case of the Low Countries / the Netherlands the geographical location of the region has been more or less downstream. The geographical location of the region, however, changed over time tremendously
Netherlands
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The Netherlands in 5500 BC
Netherlands
–
Flag
Netherlands
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The Netherlands in 500 BC
Netherlands
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An oak figurine found in
Willemstad, North Brabant (4500 BC).
11.
Panama
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Panama, officially called the Republic of Panama, is a country usually considered to be entirely in North America or Central America. It is bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean Sea to the north, the capital and largest city is Panama City, whose metropolitan area is home to nearly half of the countrys 4.1 million people. Panama was inhabited by indigenous tribes prior to settlement by the Spanish in the 16th century. Panama broke away from Spain in 1821 and joined a union of Nueva Granada, Ecuador, when Gran Colombia dissolved in 1831, Panama and Nueva Granada remained joined, eventually becoming the Republic of Colombia. With the backing of the United States, Panama seceded from Colombia in 1903, in 1977 an agreement was signed for the total transfer of the Canal from the United States to Panama by the end of the 20th century, which culminated on 31 December 1999. Revenue from canal tolls continues to represent a significant portion of Panamas GDP, although commerce, banking, in 2015 Panama ranked 60th in the world in terms of the Human Development Index. Since 2010, Panama remains the second most competitive economy in Latin America, covering around 40 percent of its land area, Panamas jungles are home to an abundance of tropical plants and animals – some of them to be found nowhere else on the planet. There are several theories about the origin of the name Panama, some believe that the country was named after a commonly found species of tree. Others believe that the first settlers arrived in Panama in August, when butterflies abound, the best-known version is that a fishing village and its nearby beach bore the name Panamá, which meant an abundance of fish. Captain Antonio Tello de Guzmán, while exploring the Pacific side in 1515, in 1517 Don Gaspar De Espinosa, a Spanish lieutenant, decided to settle a post there. In 1519 Pedrarias Dávila decided to establish the Empires Pacific city in this site, the new settlement replaced Santa María La Antigua del Darién, which had lost its function within the Crowns global plan after the beginning of the Spanish exploitation of the riches in the Pacific. Blending all of the above together, Panamanians believe in general that the word Panama means abundance of fish and this is the official definition given in social studies textbooks approved by the Ministry of Education in Panama. However, others believe the word Panama comes from the Kuna word bannaba which means distant or far away, at the time of the arrival of the Spanish in the 16th century, the known inhabitants of Panama included the Cuevas and the Coclé tribes. These people have disappeared, as they had no immunity from European infectious diseases. The earliest discovered artifacts of indigenous peoples in Panama include Paleo-Indian projectile points, later central Panama was home to some of the first pottery-making in the Americas, for example the cultures at Monagrillo, which date back to 2500–1700 BC. These evolved into significant populations best known through their spectacular burials at the Monagrillo archaeological site, the monumental monolithic sculptures at the Barriles site are also important traces of these ancient isthmian cultures. Before Europeans arrived Panama was widely settled by Chibchan, Chocoan, the largest group were the Cueva. The size of the population of the isthmus at the time of European colonization is uncertain
Panama
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Vasco Núñez de Balboa, a recognized and popular figure of Panamanian history
Panama
–
Flag
Panama
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"New Caledonia", the ill-fated Scottish
Darien scheme colony in the Bay of Caledonia, west of the
Gulf of Darien
Panama
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Santo Domingo Church
12.
Nicaragua
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Nicaragua, officially the Republic of Nicaragua, is the largest country in the Central American isthmus. Nicaraguas capital, Managua, is the countrys largest city and the third-largest city in Central America, the multi-ethnic population of six million includes indigenous peoples, Europeans, Africans, and Asians. Native tribes on the eastern coast speak their own languages, the Spanish Empire conquered the region in the 16th century. Nicaragua gained independence from Spain in 1821, since its independence, Nicaragua has undergone periods of political unrest, dictatorship, and fiscal crisis—the most notable causes that led to the Nicaraguan Revolution of the 1960s and 1970s. Nicaragua is a democratic republic. The biological diversity, warm climate and active volcanoes make Nicaragua an increasingly popular tourist destination. The name Nicaragua was coined by Spanish colonists based on the name Nicarao, when Spaniard Gil González Dávila came to Nicaragua in 1521 he found in the areas between Rivas and San Jorge the first pre-Columbian natives of Nicaragua. At the time the city was called Quauhcapolca and the cacique leaders name was Macuilmiquiztli. The Pipil migrated to Nicaragua from central Mexico after 500 BC, meanwhile, the Caribbean coast of Nicaragua was inhabited by other peoples, mostly Chibcha language groups. They had coalesced in Central America and migrated also to present-day northern Colombia and they lived a life based primarily on hunting and gathering. In 1502, Christopher Columbus became the first European known to have reached what is now Nicaragua as he sailed southeast toward the Isthmus of Panama, on his fourth voyage, Columbus explored the Miskito Coast on the Atlantic side of Nicaragua. The Spanish attempted to convert all three tribes to Christianity, Nicaragua and Nicarao and their people converted, but Dirangen, however, did not, the first attempt to conquer what is now known as Nicaragua was by Gil González Dávila, who arrived in Panama in January 1520. The first Spanish permanent settlements were founded in 1524, conquistador Francisco Hernández de Córdoba founded two of Nicaraguas principal towns in 1524, Granada on Lake Nicaragua was the first settlement, followed by León at a location west of Lake Managua. Córdoba soon built defenses for the cities and fought against incursions by other conquistadors, Córdoba was later publicly beheaded following a power struggle with Pedro Arias Dávila. His tomb and remains were discovered in 2000 in the ruins of León Viejo, the clashes among Spanish forces did not impede their destruction of the indigenous people and their culture. The series of battles came to be known as the War of the Captains, Pedro Arias Dávila was a winner, although he had lost control of Panama, he moved to Nicaragua and successfully established his base in León. Through adroit diplomatic machinations, he became the first governor of the colony, many indigenous people died as a result of new infectious diseases, compounded by neglect by the Spaniards, who controlled their subsistence. In 1610, the Momotombo volcano erupted, destroying the capital and it was rebuilt northwest of what is now known as the ruins of Old León
Nicaragua
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2,100-year-old human footprints called "huellas de acahualinca" preserved in volcanic mud near
Lake Managua.
Nicaragua
–
Flag
Nicaragua
–
The Colonial
City of Granada near
Lake Nicaragua, is one of the most visited sites in
Central America.
Nicaragua
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The
Fortress of the Immaculate Conception was constructed in the late 17th century to protect locals in neighboring
Granada from
pirate attacks. Today, it is one of Nicaragua's main tourist attractions.
13.
China
–
China, officially the Peoples Republic of China, is a unitary sovereign state in East Asia and the worlds most populous country, with a population of over 1.381 billion. The state is governed by the Communist Party of China and its capital is Beijing, the countrys major urban areas include Shanghai, Guangzhou, Beijing, Chongqing, Shenzhen, Tianjin and Hong Kong. China is a power and a major regional power within Asia. Chinas landscape is vast and diverse, ranging from forest steppes, the Himalaya, Karakoram, Pamir and Tian Shan mountain ranges separate China from much of South and Central Asia. The Yangtze and Yellow Rivers, the third and sixth longest in the world, respectively, Chinas coastline along the Pacific Ocean is 14,500 kilometers long and is bounded by the Bohai, Yellow, East China and South China seas. China emerged as one of the worlds earliest civilizations in the basin of the Yellow River in the North China Plain. For millennia, Chinas political system was based on hereditary monarchies known as dynasties, in 1912, the Republic of China replaced the last dynasty and ruled the Chinese mainland until 1949, when it was defeated by the communist Peoples Liberation Army in the Chinese Civil War. The Communist Party established the Peoples Republic of China in Beijing on 1 October 1949, both the ROC and PRC continue to claim to be the legitimate government of all China, though the latter has more recognition in the world and controls more territory. China had the largest economy in the world for much of the last two years, during which it has seen cycles of prosperity and decline. Since the introduction of reforms in 1978, China has become one of the worlds fastest-growing major economies. As of 2016, it is the worlds second-largest economy by nominal GDP, China is also the worlds largest exporter and second-largest importer of goods. China is a nuclear weapons state and has the worlds largest standing army. The PRC is a member of the United Nations, as it replaced the ROC as a permanent member of the U. N. Security Council in 1971. China is also a member of numerous formal and informal multilateral organizations, including the WTO, APEC, BRICS, the Shanghai Cooperation Organization, the BCIM, the English name China is first attested in Richard Edens 1555 translation of the 1516 journal of the Portuguese explorer Duarte Barbosa. The demonym, that is, the name for the people, Portuguese China is thought to derive from Persian Chīn, and perhaps ultimately from Sanskrit Cīna. Cīna was first used in early Hindu scripture, including the Mahābhārata, there are, however, other suggestions for the derivation of China. The official name of the state is the Peoples Republic of China. The shorter form is China Zhōngguó, from zhōng and guó and it was then applied to the area around Luoyi during the Eastern Zhou and then to Chinas Central Plain before being used as an occasional synonym for the state under the Qing
China
–
Yinxu, ruins of an ancient
palace dating from the
Shang Dynasty (14th century BCE)
China
–
Flag
China
–
Some of the thousands of life-size
Terracotta Warriors of the
Qin Dynasty, c. 210 BCE
China
–
The
Great Wall of China was built by several dynasties over two thousand years to protect the sedentary agricultural regions of the
Chinese interior from incursions by
nomadic pastoralists of the northern
steppes.
14.
Japan
–
Japan is a sovereign island nation in Eastern Asia. Located in the Pacific Ocean, it lies off the eastern coast of the Asia Mainland and stretches from the Sea of Okhotsk in the north to the East China Sea, the kanji that make up Japans name mean sun origin. 日 can be read as ni and means sun while 本 can be read as hon, or pon, Japan is often referred to by the famous epithet Land of the Rising Sun in reference to its Japanese name. Japan is an archipelago consisting of about 6,852 islands. The four largest are Honshu, Hokkaido, Kyushu and Shikoku, the country is divided into 47 prefectures in eight regions. Hokkaido being the northernmost prefecture and Okinawa being the southernmost one, the population of 127 million is the worlds tenth largest. Japanese people make up 98. 5% of Japans total population, approximately 9.1 million people live in the city of Tokyo, the capital of Japan. Archaeological research indicates that Japan was inhabited as early as the Upper Paleolithic period, the first written mention of Japan is in Chinese history texts from the 1st century AD. Influence from other regions, mainly China, followed by periods of isolation, from the 12th century until 1868, Japan was ruled by successive feudal military shoguns who ruled in the name of the Emperor. Japan entered into a period of isolation in the early 17th century. The Second Sino-Japanese War of 1937 expanded into part of World War II in 1941, which came to an end in 1945 following the bombings of Hiroshima and Nagasaki. Japan is a member of the UN, the OECD, the G7, the G8, the country has the worlds third-largest economy by nominal GDP and the worlds fourth-largest economy by purchasing power parity. It is also the worlds fourth-largest exporter and fourth-largest importer, although Japan has officially renounced its right to declare war, it maintains a modern military with the worlds eighth-largest military budget, used for self-defense and peacekeeping roles. Japan is a country with a very high standard of living. Its population enjoys the highest life expectancy and the third lowest infant mortality rate in the world, in ancient China, Japan was called Wo 倭. It was mentioned in the third century Chinese historical text Records of the Three Kingdoms in the section for the Wei kingdom, Wa became disliked because it has the connotation of the character 矮, meaning dwarf. The 倭 kanji has been replaced with the homophone Wa, meaning harmony, the Japanese word for Japan is 日本, which is pronounced Nippon or Nihon and literally means the origin of the sun. The earliest record of the name Nihon appears in the Chinese historical records of the Tang dynasty, at the start of the seventh century, a delegation from Japan introduced their country as Nihon
Japan
–
The
Golden Hall and
five-storey pagoda of
Hōryū-ji, among the oldest wooden buildings in the world,
National Treasures, and a
UNESCO World Heritage Site
Japan
Japan
–
Samurai warriors face Mongols, during the
Mongol invasions of Japan. The
Kamikaze, two storms, are said to have saved Japan from Mongol fleets.
Japan
–
Samurai could
kill a commoner for the slightest insult and were widely feared by the Japanese population.
Edo period, 1798
15.
List of countries by public debt
–
This is a list of countries by public debt to GDP ratio as listed by Eurostat for the EU and by CIAs World Factbook 2012 for the rest of the world. It is the total of all government borrowings less repayments that are denominated in a countrys home currency. Gross government debt is the most relevant data for discussions of government default and it is different from external debt, which includes the foreign currency liabilities of non-government entities. The figures here are represented as a percentage of gross domestic product. The public debt relative information provided by national sources is not always objective and true, note that net debt figures are included where gross debt figures are unavailable in the CIA set
List of countries by public debt
–
Total (gross) government debt as a percent of
GDP by IMF (2012)
List of countries by public debt
–
Public debt as a percent of
GDP by CIA (2012)
16.
List of countries by credit rating
–
The ratings of DBRS, China Chengxin Credit Rating Group, Dagong and JCR are also included. The list also includes all country subdivisions issuing sovereign bonds, but it excludes regions, for S&P, a bond is considered investment grade if its credit rating is BBB- or higher. Bonds rated BB+ and below are considered to be speculative grade, for Fitch, a bond is considered investment grade if its credit rating is BBB- or higher. Bonds rated BB+ and below are considered to be speculative grade, for Moodys, a bond is considered investment grade if its credit rating is Baa3 or higher. Bonds rated Ba1 and below are considered to be speculative grade, for DBRS, a bond is considered investment grade if its credit rating is BBB or higher. Bonds rated BB and below are considered to be speculative grade, Japan Credit Rating Agency is a credit rating agency based in Japan. JCR is a Nationally Recognized Statistical Rating Organization by the U. S. Securities, Dagong is a credit rating agency based in China. Bond credit rating United States federal government credit-rating downgrades
List of countries by credit rating
–
Financial ratings of European States by Standard & Poor's (foreign currency) on 14 July 2015
17.
United States dollar
–
The United States dollar is the official currency of the United States and its insular territories per the United States Constitution. It is divided into 100 smaller cent units, the circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars. The U. S. dollar was originally commodity money of silver as enacted by the Coinage Act of 1792 which determined the dollar to be 371 4/16 grain pure or 416 grain standard silver, the currency most used in international transactions, it is the worlds primary reserve currency. Several countries use it as their currency, and in many others it is the de facto currency. Besides the United States, it is used as the sole currency in two British Overseas Territories in the Caribbean, the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while the country mints its own coins, or also accepts U. S. coins that can be used as payment in U. S. dollars. After Nixon shock of 1971, USD became fiat currency, Article I, Section 8 of the U. S. Constitution provides that the Congress has the power To coin money, laws implementing this power are currently codified at 31 U. S. C. Section 5112 prescribes the forms in which the United States dollars should be issued and these coins are both designated in Section 5112 as legal tender in payment of debts. The Sacagawea dollar is one example of the copper alloy dollar, the pure silver dollar is known as the American Silver Eagle. Section 5112 also provides for the minting and issuance of other coins and these other coins are more fully described in Coins of the United States dollar. The Constitution provides that a regular Statement and Account of the Receipts and that provision of the Constitution is made specific by Section 331 of Title 31 of the United States Code. The sums of money reported in the Statements are currently being expressed in U. S. dollars, the U. S. dollar may therefore be described as the unit of account of the United States. The word dollar is one of the words in the first paragraph of Section 9 of Article I of the Constitution, there, dollars is a reference to the Spanish milled dollar, a coin that had a monetary value of 8 Spanish units of currency, or reales. In 1792 the U. S. Congress passed a Coinage Act, Section 20 of the act provided, That the money of account of the United States shall be expressed in dollars, or units. And that all accounts in the offices and all proceedings in the courts of the United States shall be kept and had in conformity to this regulation. In other words, this act designated the United States dollar as the unit of currency of the United States, unlike the Spanish milled dollar the U. S. dollar is based upon a decimal system of values. Both one-dollar coins and notes are produced today, although the form is significantly more common
United States dollar
–
Series of 1917
$1 United States bill
United States dollar
–
Federal Reserve Notes
United States dollar
–
Spanish silver real or
peso of 1768
United States dollar
–
Obverse of rare 1934 $500 Federal Reserve Note, featuring a portrait of President
William McKinley.
18.
Costa Rica
–
It has a population of around 4.5 million, of whom nearly a quarter live in the metropolitan area of the capital and largest city, San José. Costa Rica was sparsely inhabited by people before coming under Spanish rule in the 16th century. Since then, Costa Rica has remained among the most stable, prosperous, following a brief civil war, it permanently abolished its army in 1949, becoming one of only a few sovereign nations without a standing army. Costa Rica is a member of the Organisation Internationale de la Francophonie. The country has consistently performed favourably in the Human Development Index, placing 69th in the world as of 2015 and its rapidly developing economy, once heavily dependent on agriculture, has diversified to include sectors such as finance, pharmaceuticals, and ecotourism. Costa Rica is known for its environmental policies, being the only country to meet all five UNDP criteria established to measure environmental sustainability. Costa Rica officially plans to become a country by 2021. In 2012, it became the first country in the Americas to ban recreational hunting, historians have classified the indigenous people of Costa Rica as belonging to the Intermediate Area, where the peripheries of the Mesoamerican and Andean native cultures overlapped. More recently, pre-Columbian Costa Rica has also described as part of the Isthmo-Colombian Area. The oldest evidence of occupation in Costa Rica is associated with the arrival of various groups of hunter-gatherers about 10,000 to 7,000 years BCE in the Turrialba Valley. The presence of Clovis culture type spearheads and arrows from South America opens the possibility that, in this area, agriculture became evident in the populations that lived in Costa Rica about 5,000 years ago. They mainly grew tubers and roots, for the first and second millennia BCE there were already settled farming communities. These were small and scattered, although the transition from hunting and gathering to agriculture as the livelihood in the territory is still unknown. The earliest use of pottery appears around 2,000 to 3,000 BCE, shards of pots, cylindrical vases, platters, gourds and other forms of vases decorated with grooves, prints, and some modelled after animals have been found. The impact of indigenous peoples on modern Costa Rican culture has been small compared to other nations. Costa Rica was described as the poorest and most miserable Spanish colony in all America by a Spanish governor in 1719, for all these reasons, Costa Rica was, by and large, unappreciated and overlooked by the Spanish Crown and left to develop on its own. Costa Rica became a democracy with no oppressed mestizo or indigenous class. It was not long before Spanish settlers turned to the hills, where they found rich volcanic soil, like the rest of Central America, Costa Rica never fought for independence from Spain
Costa Rica
–
A stone sphere created by the
Diquis culture at the
National Museum of Costa Rica.
The sphere is the icon of the country's cultural identity.
Costa Rica
–
Flag
Costa Rica
–
The
Ujarrás historical site in the Orosí Valley,
Cartago province. The church was built between 1686 and 1693.
Costa Rica
–
The 1849
national coat of arms was featured in the first postal stamp issued in 1862
19.
Agriculture
–
Agriculture is the cultivation and breeding of animals, plants and fungi for food, fiber, biofuel, medicinal plants and other products used to sustain and enhance human life. Agriculture was the key development in the rise of human civilization. The study of agriculture is known as agricultural science, the history of agriculture dates back thousands of years, and its development has been driven and defined by greatly different climates, cultures, and technologies. Industrial agriculture based on large-scale monoculture farming has become the dominant agricultural methodology, genetically modified organisms are an increasing component of agriculture, although they are banned in several countries. Agricultural food production and water management are increasingly becoming global issues that are fostering debate on a number of fronts, the major agricultural products can be broadly grouped into foods, fibers, fuels, and raw materials. Specific foods include cereals, vegetables, fruits, oils, meats, fibers include cotton, wool, hemp, silk and flax. Raw materials include lumber and bamboo, other useful materials are also produced by plants, such as resins, dyes, drugs, perfumes, biofuels and ornamental products such as cut flowers and nursery plants. The word agriculture is a late Middle English adaptation of Latin agricultūra, from ager, field, Agriculture usually refers to human activities, although it is also observed in certain species of ant, termite and ambrosia beetle. To practice agriculture means to use resources to produce commodities which maintain life, including food, fiber, forest products, horticultural crops. This definition includes arable farming or agronomy, and horticulture, all terms for the growing of plants, even then, it is acknowledged that there is a large amount of knowledge transfer and overlap between silviculture and agriculture. In traditional farming, the two are often combined even on small landholdings, leading to the term agroforestry, Agriculture began independently in different parts of the globe, and included a diverse range of taxa. At least 11 separate regions of the Old and New World were involved as independent centers of origin, wild grains were collected and eaten from at least 105,000 years ago. Pigs were domesticated in Mesopotamia around 15,000 years ago, rice was domesticated in China between 13,500 and 8,200 years ago, followed by mung, soy and azuki beans. Sheep were domesticated in Mesopotamia between 13,000 and 11,000 years ago. From around 11,500 years ago, the eight Neolithic founder crops, emmer and einkorn wheat, hulled barley, peas, lentils, bitter vetch, chick peas and flax were cultivated in the Levant. Cattle were domesticated from the aurochs in the areas of modern Turkey. In the Andes of South America, the potato was domesticated between 10,000 and 7,000 years ago, along with beans, coca, llamas, alpacas, sugarcane and some root vegetables were domesticated in New Guinea around 9,000 years ago. Sorghum was domesticated in the Sahel region of Africa by 7,000 years ago, cotton was domesticated in Peru by 5,600 years ago, and was independently domesticated in Eurasia at an unknown time
Agriculture
–
Agriculture
Agriculture
–
Fields in
Záhorie (
Slovakia) - a typical Central European agricultural region.
Agriculture
–
Domestic sheep and a
cow (heifer) pastured together in
South Africa.
Agriculture
–
A
Sumerian harvester's sickle made from baked clay (ca. 3000 BC).
20.
Tourism
–
Tourism is travel for pleasure or business, also the theory and practice of touring, the business of attracting, accommodating, and entertaining tourists, and the business of operating tours. Tourism may be international, or within the travellers country, Tourism can be domestic or international, and international tourism has both incoming and outgoing implications on a countrys balance of payments. Today, tourism is a source of income for many countries. International tourism receipts grew to US$1.03 trillion in 2011, the ITB Berlin is the worlds leading tourism trade fair. The word tourist was used by 1772 and tourism by 1811. It is formed from the tour, which is derived from Old English turian, from Old French torner, from Latin tornare, to turn on a lathe. Tourism is an important, even vital, source of income for many regions and it also creates opportunities for employment in the service sector of the economy associated with tourism. This is in addition to goods bought by tourists, including souvenirs, in 1936, the League of Nations defined a foreign tourist as someone traveling abroad for at least twenty-four hours. Its successor, the United Nations, amended this definition in 1945 and it includes movements for all purposes. In 1981, the International Association of Scientific Experts in Tourism defined tourism in terms of particular activities chosen and undertaken outside the home, in this context, travel has a similar definition to tourism, but implies a more purposeful journey. The terms tourism and tourist are sometimes used pejoratively, to imply a shallow interest in the cultures or locations visited, by contrast, traveler is often used as a sign of distinction. The sociology of tourism has studied the values underpinning these distinctions. International tourist arrivals reached 1.035 billion in 2012, up from over 996 million in 2011, the World Tourism Organization reports the following ten destinations as the most visited in terms of the number of international travellers in 2016. International tourism receipts grew to US$1.2 trillion in 2014, based upon air traffic, the MasterCard Global Destination Cities Index reports the following cities as the top ten most popular destinations of international tourism worldwide. MasterCard reports the following cities as the top ten biggest earners on international tourism worldwide in 2015, as early as Shulgi, however, kings praised themselves for protecting roads and building waystations for travelers. During the Roman Republic, spas and coastal resorts such as Baiae were popular among the rich, pausanias wrote his Description of Greece in the 2nd century AD. In ancient China, nobles sometimes made a point of visiting Mount Tai and, on occasion, the Islamic hajj is still central to its faith and Chaucers Canterbury Tales and Wu Chengens Journey to the West remain classics of English and Chinese literature. The 10th- to 13th-century Song dynasty also saw secular travel writers such as Su Shi, under the Ming, Xu Xiake continued the practice
Tourism
–
A tourist taking photographs and video at archaeological site
Tourism
–
Backpacking tourists in Vienna
Tourism
–
1922 postcard of tourists in the
High Tatras,
Slovakia.
Tourism
–
Strandkorb chairs on
Usedom Island, Germany. Not only the service sector grows thanks to tourism, but also local
manufacturers (like those producing the strandkorb),
retailers, the
real estate sector and the general
image of a location can benefit a lot.
21.
Electronics
–
Electronics is the science of controlling electrical energy electrically, in which the electrons have a fundamental role. Commonly, electronic devices contain circuitry consisting primarily or exclusively of active semiconductors supplemented with passive elements, the science of electronics is also considered to be a branch of physics and electrical engineering. The ability of electronic devices to act as switches makes digital information processing possible, until 1950 this field was called radio technology because its principal application was the design and theory of radio transmitters, receivers, and vacuum tubes. Today, most electronic devices use semiconductor components to perform electron control and this article focuses on engineering aspects of electronics. Components are generally intended to be connected together, usually by being soldered to a circuit board. Components may be packaged singly, or in more complex groups as integrated circuits, some common electronic components are capacitors, inductors, resistors, diodes, transistors, etc. Components are often categorized as active or passive, vacuum tubes were among the earliest electronic components. They were almost solely responsible for the revolution of the first half of the Twentieth Century. They took electronics from parlor tricks and gave us radio, television, phonographs, radar, long distance telephony and they played a leading role in the field of microwave and high power transmission as well as television receivers until the middle of the 1980s. Since that time, solid state devices have all but completely taken over, vacuum tubes are still used in some specialist applications such as high power RF amplifiers, cathode ray tubes, specialist audio equipment, guitar amplifiers and some microwave devices. The 608 contained more than 3,000 germanium transistors, thomas J. Watson Jr. ordered all future IBM products to use transistors in their design. From that time on transistors were almost exclusively used for computer logic, circuits and components can be divided into two groups, analog and digital. A particular device may consist of circuitry that has one or the other or a mix of the two types, most analog electronic appliances, such as radio receivers, are constructed from combinations of a few types of basic circuits. Analog circuits use a range of voltage or current as opposed to discrete levels as in digital circuits. The number of different analog circuits so far devised is huge, especially because a circuit can be defined as anything from a single component, analog circuits are sometimes called linear circuits although many non-linear effects are used in analog circuits such as mixers, modulators, etc. Good examples of analog circuits include vacuum tube and transistor amplifiers, one rarely finds modern circuits that are entirely analog. These days analog circuitry may use digital or even microprocessor techniques to improve performance and this type of circuit is usually called mixed signal rather than analog or digital. Sometimes it may be difficult to differentiate between analog and digital circuits as they have elements of both linear and non-linear operation, an example is the comparator which takes in a continuous range of voltage but only outputs one of two levels as in a digital circuit
Electronics
–
Surface-mount electronic components
Electronics
–
Electronics Technician performing a voltage check on a power circuit card in the air navigation equipment room aboard the aircraft carrier
USS Abraham Lincoln (CVN 72).
Electronics
–
Hitachi J100 adjustable frequency drive chassis
22.
Free-trade zone
–
A free-trade zone is a specific class of special economic zone. It is an area where goods may be landed, stored, handled, manufactured, or reconfigured. Free trade zones are generally organized around major seaports, international airports, the World Bank defines free trade zones as small, fenced-in, duty-free areas, offering warehousing, storage, and distribution facilities for trade, transshipment, and re-export operations. Free-trade zones are referred to as zones in the United States. In the United States, FTZs provide Customs-related advantages as well as exemptions from state, some were previously called free ports. Free zones range from specific-purpose manufacturing facilities to areas where legal systems, Free zones may reduce taxes, customs duties, and regulatory requirements for registration of business. Zones around the world often provide special exemptions from normal immigration procedures, Free zones are intended to foster economic activity and employment that could occur elsewhere. An export-processing zone is a type of FTZ, set up generally in developing countries by their governments to promote industrial and commercial exports. According to the World Bank, an export processing zone is an estate, usually a fenced-in area of 10 to 300 hectares. It offers firms free trade conditions and a regulatory environment. In 1997,93 countries had set up export processing zones employing 22.5 million people, China has specific rules differentiating an EPZ from a FTZ. For example, 70% of goods in EPZs must be exported, the worlds first document free-trade zone was established on the Greek Island of Delos in 166 BCE. It lasted until about 69 BCE when the island was overrun by pirates, the Romans had many civitas libera, or free cities, some of which could coin money, establish their own laws, and not pay an annual tribute to the Roman Emperor. These continued through at least the first millennium CE, in the 12th century the Hanseatic League began operating in Northern Europe, and established trading colonies throughout Europe. These Free Trade Zones included Hamburg, and the Steelyard in London, the Steelyard, like other Hansa stations, was a separate walled community with its own warehouses on the river, its own weighing house, chapel, counting houses and residential quarters. In 1988 remains of the former Hanseatic trading house, once the largest medieval trading complex in Britain, were uncovered by archaeologists during work on Cannon Street Station. The Shannon Zone was started to help the city airport adjust to a change in aircraft technology that permitted longer range aircraft to skip a required refueling stops at Shannon. It was an attempt by the Irish Government to maintain employment around the airport and it was hugely successful, and is still in operation today
Free-trade zone
–
Terminology
23.
World Bank
–
The World Bank is an international financial institution that provides loans to countries of the world for capital programs. It comprises two institutions, the International Bank for Reconstruction and Development, and the International Development Association, the World Bank is a component of the World Bank Group, which is part of the United Nations system. The World Banks stated official goal is the reduction of poverty, the president of the World Bank is, traditionally, an American. The World Bank and the IMF are both based in Washington, D. C. and work closely with each other, although many countries were represented at the Bretton Woods Conference, the United States and United Kingdom were the most powerful in attendance and dominated the negotiations. Before 1974 the reconstruction and development loans provided by the World Bank were relatively small, the Banks staff were aware of the need to instill confidence in the bank. Fiscal conservatism ruled, and loan applications had to meet strict criteria, the first country to receive a World Bank loan was France. The Banks president at the time, John McCloy, chose France over two other applicants, Poland and Chile, the loan was for US$250 million, half the amount requested, and it came with strict conditions. France had to agree to produce a budget and give priority of debt repayment to the World Bank over other governments. World Bank staff closely monitored the use of the funds to ensure that the French government met the conditions. In addition, before the loan was approved, the United States State Department told the French government that its members associated with the Communist Party would first have to be removed, the French government complied with this diktat and removed the Communist coalition government - the so-called tripartisme. Within hours, the loan to France was approved, when the Marshall Plan went into effect in 1947, many European countries began receiving aid from other sources. Faced with this competition, the World Bank shifted its focus to non-European countries, in 1960, the International Development Association was formed, providing soft loans to developing countries. From 1974 to 1980 the bank concentrated on meeting the needs of people in the developing world. The size and number of loans to borrowers was greatly increased as loan targets expanded from infrastructure into social services and these changes can be attributed to Robert McNamara, who was appointed to the presidency in 1968 by Lyndon B. Johnson. McNamara implored bank treasurer Eugene Rotberg to seek out new sources of capital outside of the banks that had been the primary sources of funding. Rotberg used the bond market to increase the capital available to the bank. One consequence of the period of poverty alleviation lending was the rise of third world debt. From 1976 to 1980 developing world debt rose at an annual rate of 20%
World Bank
–
John Maynard Keynes (right) and
Harry Dexter White, the "founding fathers" of both the World Bank and the
International Monetary Fund (IMF).
World Bank
–
The Gold Room at the
Mount Washington Hotel where the IMF and World Bank were established
World Bank
–
The
World Bank Group headquarters bldg. in
Washington, D.C.
World Bank
–
Jim Yong Kim, the current President of the World Bank Group
24.
International Monetary Fund
–
The International Monetary Fund is an international organization headquartered in Washington, D. C. It now plays a role in the management of balance of payments difficulties. Countries contribute funds to a pool through a system from which countries experiencing balance of payments problems can borrow money. As of 2016, the fund had SDR477 billion, the rationale for this is that private international capital markets function imperfectly and many countries have limited access to financial markets. The IMF provides alternate sources of financing and this assistance was meant to prevent the spread of international economic crises. The IMF was also intended to help mend the pieces of the economy after the Great Depression. As well, to provide investments for economic growth and projects such as infrastructure. The IMFs role was altered by the floating exchange rates post-1971. It shifted to examining the economic policies of countries with IMF loan agreements to determine if a shortage of capital was due to economic fluctuations or economic policy, the IMF also researched what types of government policy would ensure economic recovery. Rather than maintaining a position of oversight of only exchange rates and their role became a lot more active because the IMF now manages economic policy rather than just exchange rates. In addition, the IMF negotiates conditions on lending and loans under their policy of conditionality, nonconcessional loans, which include interest rates, are provided mainly through Stand-By Arrangements, the Flexible Credit Line, the Precautionary and Liquidity Line, and the Extended Fund Facility. The IMF provides emergency assistance via the Rapid Financing Instrument to members facing urgent balance-of-payments needs, the IMF is mandated to oversee the international monetary and financial system and monitor the economic and financial policies of its member countries. This activity is known as surveillance and facilitates international cooperation, the responsibilities changed from those of guardian to those of overseer of members’ policies. In 1995 the International Monetary Fund began work on data dissemination standards with the view of guiding IMF member countries to disseminate their economic and financial data to the public. The executive board approved the SDDS and GDDS in 1996 and 1997 respectively, the system is aimed primarily at statisticians and aims to improve many aspects of statistical systems in a country. It is also part of the World Bank Millennium Development Goals, some countries initially used the GDDS, but later upgraded to SDDS. The IMF does require collateral from countries for loans but also requires the government seeking assistance to correct its macroeconomic imbalances in the form of policy reform, if the conditions are not met, the funds are withheld. The concept of conditionality was introduced in a 1952 Executive Board decision, conditionality is associated with economic theory as well as an enforcement mechanism for repayment
International Monetary Fund
–
IMF "Headquarters 1" in Washington, D.C.
International Monetary Fund
–
Coat of arms
International Monetary Fund
–
The Gold Room within the
Mount Washington Hotel where the
Bretton Woods Conference attendees signed the agreements creating the IMF and
World Bank
International Monetary Fund
–
First page of the Articles of Agreement of the International Monetary Fund, 1 March 1946. Finnish Ministry of Foreign Affairs archives
25.
Ecotourism in Costa Rica
–
Ecotourism in Costa Rica is one of the key activities of the tourism industry in the country. By the early 1990s, Costa Rica became known as the child of ecotourism. The country is among many developing nations that look to ecotourism as a way of cashing in on the demand for this popular trend of travel. Ecotourism draws many tourists to visit the national parks and protected areas around the country. Costa Rica was a pioneer in this type of tourism, with its rich biodiversity and immense ecosystem, ecotourism in Costa Rica leads the ranks in this category of tourism. The country takes advantage of the demand for eco-tourists to visit these protected areas in exchange for profit. Many of the first ecotourists were academics who came to the country to study biology, the publications generated by of these biologists, coupled with a more aggressive campaign by the Costa Rican Tourism Board, soon led to a growing group of nature tourists. By 1995, more than 800,000 foreigners came to Costa Rica, many of whom visited national parks and reserves. The tourism boom began in 1987, with the number of visitors up from 329,000 in 1988, through 1.03 million in 1999, in 2012 international tourist receipts reached US$2.4 billion. The country is ranked fifth in the world, and first among the Americas, due to Costa Rica’s position on the world stage, a significant amount of the nations success in the ecotourism sector can be attributed to its proximity to the United States. In addition, American travelers make up 20% of the tourism market. Expatriate American entrepreneurs such as Jim Damalas, Jack Ewing and Michael Kaye were also prominent in building the sector during the twentieth century. In comparison to other undeveloped regions in the world, Costa Rica ranks relatively high in terms of standard of living. With its high rates, economic stability and low crime rates, Costa Rica maintains “a per capita GDP of $6,700, literacy rate of 95%. When comparing Costa Rica to other leading countries in the ecotourism sector, thus, “Costa Rica offers a look at a way of life distinct from the modernized world, while allowing tourists to largely avoid the sad realities of poverty in the Third World”. The rise of ecotourism in Costa Rica over the past decade has resulted in an expansion in the job market. The environmental benefits of ecotourism in Costa Rica have been far reaching, initially, this was not the case, but over time ecotourism has come to be seen as a way to preserve natural areas throughout Costa Rica. The interpretation of ecotourism, as a means to conservation, has resulted in various initiatives, the rapid expansion of Costa Ricas national park system in the 1970s and its expansion to include 70 protected areas covering 21% of the nations territory make up some of these initiatives
Ecotourism in Costa Rica
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Cocos Island is a prime
ecotourism destination in
Costa Rica. A
World Heritage Site, ranked among the top 77 nominees for the world's
New 7 Wonders of Nature.
Ecotourism in Costa Rica
–
Costa Rica 's biodiversity is an asset for
ecotourism. A notable frog species is the
red-eyed tree frog.
Ecotourism in Costa Rica
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Poás Volcano Crater is one of the country's main tourist attractions.
Ecotourism in Costa Rica
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Raccoon roaming free in a
beach resort.
26.
Ecotourism
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It means responsible travel to natural areas conserving the environment and improving the well being of the local people. Since the 1980s, ecotourism has been considered a critical endeavor by environmentalists, several university programs use this description as the working definition of ecotourism. Generally, ecotourism deals with interaction with components of the natural environments. Ecotourism focuses on responsible travel, personal growth, and environmental sustainability. Ecotourism typically involves travel to destinations where flora, fauna, Ecotourism is intended to offer tourists insight into the impact of human beings on the environment, and to foster a greater appreciation of our natural habitats. Responsible ecotourism programs include those that minimize the negative aspects of tourism on the environment. For these reasons, ecotourism often appeals to advocates of environmental and social responsibility, the term ecotourism, like sustainable tourism, is considered by many to be an oxymoron. Like most forms of tourism, ecotourism generally depends on air transportation, additionally, the overall effect of sustainable tourism is negative, where, like ecotourism, philanthropic aspirations mask hard-nosed immediate self-interest. An ecotourist is different from a tourist in the sense that, he or she is mindful of his environment, Ecotourism is a responsible tourism which conserves the environment and sustains the well being of local people. For many countries, ecotourism is not simply a marginal activity to finance protection of the environment, for example, in Costa Rica, Ecuador, Nepal, Kenya, Madagascar and territories such as Antarctica, ecotourism represents a significant portion of the gross domestic product and economic activity. Ecotourism is often misinterpreted as any form of tourism that involves nature, self-proclaimed practitioners and hosts of ecotourism experiences assume it is achieved by simply creating destinations in natural areas. According to critics of this commonplace and assumptive practice, true ecotourism must, above all, sensitize people to the beauty and these critics condemn some operators as greenwashing their operations, using the labels of green and eco-friendly”, while behaving in environmentally irresponsible ways. Currently, there are moves to create national and international ecotourism accreditation programs. National ecotourism certification programs have been put in place in such as Costa Rica, Australia, Kenya, Estonia. Ecotourism is a late 20th-century neologism compounded from eco- and tourism, according to the Oxford English Dictionary, ecotour was first recorded in 1973 and ecotourism, probably after ecotour, in 1982. One source claims the terms were used earlier, claus-Dieter Hetzer, an academic and adventurer from Forum International in Berkeley, CA, supposedly coined ecotourism in 1965 and ran the first ecotours in the Yucatán during the early 1970s. The failure to acknowledge responsible, low-impact ecotourism puts legitimate ecotourism companies at a competitive disadvantage, many environmentalists have argued for a global standard of accreditation, differentiating ecotourism companies based on their level of environmental commitment, creating a standard to follow. The decisions of the board would be sanctioned by governments, so that non-compliant companies would be required to disassociate themselves from the use of the ecotourism brand
Ecotourism
–
Llano del Muerto waterfall in
El Salvador
Ecotourism
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An elephant safari through the
Jaldapara National Park in
West Bengal,
India
Ecotourism
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A hanging bridge in Eco-tourism area of
Thenmala,
Kerala in
India - Indias first planned ecotourism destination
27.
Fishing
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Fishing is the activity of trying to catch fish. Fish are normally caught in the wild, techniques for catching fish include hand gathering, spearing, netting, angling and trapping. Fishing may include catching aquatic animals other than fish, such as molluscs, cephalopods, crustaceans, the term is not normally applied to catching farmed fish, or to aquatic mammals, such as whales where the term whaling is more appropriate. According to United Nations FAO statistics, the number of commercial fishermen. Fisheries and aquaculture provide direct and indirect employment to over 500 million people in developing countries, in 2005, the worldwide per capita consumption of fish captured from wild fisheries was 14.4 kilograms, with an additional 7.4 kilograms harvested from fish farms. In addition to providing food, modern fishing is also a recreational pastime, Fishing is an ancient practice that dates back to at least the beginning of the Upper Paleolithic period about 40,000 years ago. Isotopic analysis of the remains of Tianyuan man, a 40. Archaeology features such as middens, discarded fish bones, and cave paintings show that sea foods were important for survival. During this period, most people lived a lifestyle and were, of necessity. However, where there are examples of permanent settlements such as those at Lepenski Vir. The British dogger was a type of sailing trawler from the 17th century. The Brixham trawler that evolved there was of a build and had a tall gaff rig. They were also sufficiently robust to be able to tow large trawls in deep water, the great trawling fleet that built up at Brixham, earned the village the title of Mother of Deep-Sea Fisheries. The small village of Grimsby grew to become the largest fishing port in the world by the mid 19th century, an Act of Parliament was first obtained in 1796, which authorised the construction of new quays and dredging of the Haven to make it deeper. It was only in the 1846, with the expansion in the fishing industry. The foundation stone for the Royal Dock was laid by Albert the Prince consort in 1849, the dock covered 25 acres and was formally opened by Queen Victoria in 1854 as the first modern fishing port. The elegant Brixham trawler spread across the world, influencing fishing fleets everywhere, by the end of the 19th century, there were over 3,000 fishing trawlers in commission in Britain, with almost 1,000 at Grimsby. These trawlers were sold to fishermen around Europe, including from the Netherlands, twelve trawlers went on to form the nucleus of the German fishing fleet
Fishing
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Stilts fishermen, Sri Lanka
Fishing
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Fishing with nets, Mexico
Fishing
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Stone Age
fish hook made from bone
Fishing
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Painting of A Brixham trawler by
William Adolphus Knell. The painting is now in the
National Maritime Museum.
28.
Tourism in Costa Rica
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Tourism in Costa Rica is one of the fastest growing economic sectors of the country and by 1995 became the largest foreign exchange earner. Since 1999, tourism earns more foreign exchange than bananas, pineapples, in 2012 tourism contributed with 12. 5% of the countrys GDP and it was responsible for 11. 7% of direct and indirect employment. In 2009 tourism attracted 17% of foreign investment inflows. In 2010 the tourism industry was responsible for 21. 2% of foreign exchange generated by all exports. The country also has plenty of beaches, both in the Pacific Ocean and the Caribbean Sea, within short distances, and also several volcanoes that can be visited with safety. By the early 1990s, Costa Rica became known as the child of ecotourism. However, most visitors look for adventure activities, Costa Rica was included by Ethical Traveler magazine in the 2011 and the 2012 list of The Developing Worlds 10 Best Ethical Destinations. Costa Rica stands as the most visited nation in the Central American region, with 2.3 million foreign visitors in 2012, in 2012 Panama ranked second in the region with 1.6 million, followed by Guatemala with 1.3 million visitors. The number of tourists visiting Costa Rica surpassed the 2 million milestone in 2008, the combined effect of the global economic crisis and the 2009 flu pandemic resulted in a reduction of tourists arrivals in 2009 to 1.9 million visitors, an 8% reduction as compared to 2008. In 2010 the number of rose to 2.1 million, barely exceeding the 2008 peak, and a record was reached in 2012 with 2.34 million visitors. International tourist receipts rose to US$2.425 billion in 2012, the lead country of origin was the United States with 921,097 tourists, followed by Nicaragua with 474,011 visitors, and Canada with 151,568. Costa Rica was a port of call to 175 cruise ships in 2012, cruise ships brought 247,138 short-term visitors in 2012, who spent US$14.4 million, down from US$31.8 million in 2004, the peak year for cruise ship receipts. Arrivals reached 2.428 million visitors in 2013, up 3. 6% from 2012, and the U. S. continued as the leading country of origin with 929,402 visitors. In 2013, the stay was 12.1 nights, up from 11.6 nights in 2012. In addition, the average expenditure per tourist increased from US$1,171 in 2010 to US$1,431 in 2014, Costa Rica achieved new records in 2015 with 2.66 million visitors and total earnings of US$2.882 billion. The United States was one time the main source of tourists to Costa Rica, with 1,077,044 visitors in 2015. Arrivals from Europe grew by 6. 1%, the influx of tourists from South America showed the largest growth, 13%, particularly arrivals from Brazil and Argentina. Just considering the subindex measuring human, cultural, and natural resources, Costa Rica ranks in the 38th place at a worldwide level, the country ranks a high 26th overall for environmental sustainability, ranking 9th in the world for sustainability of its travel and tourism industry development
Tourism in Costa Rica
–
Poás Volcano Crater is one of Costa Rica's main tourist attractions.
Tourism in Costa Rica
–
Cocos Island is a prime
ecotourism destination. A
World Heritage Site, ranked among the top 77 nominees for the world's
New 7 Wonders of Nature.
Tourism in Costa Rica
–
Costa Rica 's biodiversity is an asset for
ecotourism. Shown a notable frog species, the
Red-eyed Tree Frog.
Tourism in Costa Rica
–
Beach sign and flag from the Bandera Azul Ecológica (Ecological Blue Flag) Program at Playa Langosta,
Las Baulas National Marine Park,
Guanacaste.
29.
National parks
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A national park is a park in use for conservation purposes. Often it is a reserve of natural, semi-natural, or developed land that a sovereign state declares or owns, although individual nations designate their own national parks differently, there is a common idea, the conservation of wild nature for posterity and as a symbol of national pride. An international organization, the International Union for Conservation of Nature, although Yellowstone was not officially termed a national park in its establishing law, it was always termed such in practice and is widely held to be the first and oldest national park in the world. The first area to use national park in its legislation was the USs Mackinac Island. Australias Royal National Park, established in 1879, was the third official national park. In 1895 ownership of Mackinac Island was transferred to the State of Michigan as a state park, as a result, Australias Royal National Park is by some considerations the second oldest national park now in existence. The largest national park in the meeting the IUCN definition is the Northeast Greenland National Park. According to the IUCN,6,555 national parks worldwide met its criteria in 2006, IUCN is still discussing the parameters of defining a national park. National parks are almost always open to visitors, in 1971, these criteria were further expanded upon leading to more clear and defined benchmarks to evaluate a national park. In 1810, the English poet William Wordsworth described the Lake District as a sort of property, in which every man has a right and interest who has an eye to perceive. It was known as Hot Springs Reservation, but no authority was established. Federal control of the area was not clearly established until 1877, John Muir is today referred to as the Father of the National Parks due to his work in Yosemite. He published two articles in The Century Magazine, which formed the base for the subsequent legislation. President Abraham Lincoln signed an Act of Congress on July 1,1864, ceding the Yosemite Valley, according to this bill, private ownership of the land in this area was no longer possible. The state of California was designated to manage the park for use, resort. Leases were permitted for up to ten years and the proceeds were to be used for conservation, a public discussion followed this first legislation of its kind and there was a heated debate over whether the government had the right to create parks. The perceived mismanagement of Yosemite by the Californian state was the reason why Yellowstone at its establishment six years later was put under national control, in 1872, Yellowstone National Park was established as the United States first national park, being also the worlds first national park. In some European countries, however, national protection and nature reserves already existed, such as Drachenfels, Yellowstone was part of a federally governed territory
National parks
–
An elephant safari through the
Jaldapara National Park in
West Bengal,
India
National parks
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The
Teide National Park in
Tenerife,
Spain
National parks
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Manuel Antonio National Park in
Costa Rica was listed by
Forbes as one of the world's 12 most beautiful national parks.
National parks
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A
salt marsh in
Schiermonnikoog National Park,
Netherlands
30.
Protected area
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Protected areas or conservation areas are locations which receive protection because of their recognized natural, ecological or cultural values. There are several kinds of protected areas, which vary by level of protection depending on the laws of each country or the regulations of the international organisations involved. There are over 161,000 protected areas in the world with more added daily, by contrast, only 1. 17% of the worlds oceans is included in the worlds ~6,800 Marine Protected Areas. Protected areas are essential for biodiversity conservation, often providing habitat, Protection helps maintain ecological processes that cannot survive in most intensely managed landscapes and seascapes. Generally, protected areas are understood to be those in human occupation or at least the exploitation of resources is limited. As a result, Protected Areas can encompass a range of governance types. Indeed, governance of protected areas has emerged a critical factor in their success, subsequently, the range of natural resources that any one protected area may guard is vast. Of all global terrestrial carbon stock,15. 2% is contained within protected areas, Protected areas in South America hold 27% of the worlds carbon stock, which is the highest percentage of any country in both absolute terms and as a proportion of the total stock. Rainforests,18. 8% of the worlds forest is covered by protected areas, of the 670 ecoregions with forest cover, 54% have 10% or more of their forest cover protected under IUCN Categories I – VI. Mountain protected area coverage has increased globally by 21% since 1990, the categories provide international standards for defining protected areas and encourage conservation planning according to their management aims. Protecting places and resources is by no means a modern concept, over 2000 years ago, royal decrees in India protected certain areas. In Europe, rich and powerful people protected hunting grounds for a thousand years, moreover, the idea of protection of special places is universal, for example, it occurs among the communities in the Pacific and in parts of Africa. However, the protected areas movement doesnt begin until late nineteenth-century in North America, Australia, New Zealand and South Africa. While the idea of protected areas spread around the world in the twentieth century, thus, in North America, protected areas were about safeguarding dramatic and sublime scenery, in Africa, the concern was with game parks, in Europe, landscape protection was more common. The spectrum of benefits and values of protected areas is recognised not only ecologically, international programmes for the protection of representative ecosystems remain relatively progressive, with less advances in marine and freshwater biomes. There is increasing pressure to take account of human needs when setting up protected areas. Such negotiations are never easy but usually stronger and longer-lasting results for both conservation and people. In some countries, protected areas can be assigned without the infrastructure and networking needed to substitute consumable resources, one of the main concerns regarding protected areas on land and sea is their effectiveness at preventing the ongoing loss of biodiversity
Protected area
–
A poster of Yellowstone from 1938.
Protected area
–
Strict Nature reserve
Belianske Tatras in
Slovakia.
Protected area
–
Black Opal Spring in
Yellowstone National Park in the
United States.
Yellowstone, the world's second official protected area (after Mongolia's
Bogd Khan Mountain), was declared a protected area in 1872, and it encompasses areas which are classified as both a National Park (Category II) and a Habitat Management Area (Category IV).
Protected area
–
Schweizerischer National Park in the
Swiss Alps is a Strict Nature Reserve (Category Ia).
United States $4.29bn
Guatemala $496m
Netherlands $537m
Panama 535m
Nicaragua $4.96m (2015 est.)[8]
China $1.92bn
Mexico $1.14bn
Japan $410m
