Asia in the rough

Article Abstract:

The social elitism of golf appeals to Asian leaders who have fostered corrupt and incompetent governments. Excessive development of golf courses in Asia illustrates many causes of the region's economic crisis, such as the misallocation of resources into unproductive property investments.

Economic aspects, Economic development, Asia, Political corruption, Golf, Golf courses

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America's little fellows surge ahead

Article Abstract:

In 1987, 1000,00 small US businesses shipped 29% of the total exports, equaling $69 billion. Since them the figures have climbed. The state of Vermont alone saw its exports rise from $1 billion in 1988 to $4 billion in 1993. Various anecdotes about the tiny US exporters are presented.

Planning, Finance, International aspects, Small business, Economic policy, Export marketing

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Rough seas ahead

Article Abstract:

European shipbuilders are facing major challenges in the cruise ship sector. European firms dominate this sector, but have been hit by the the slump in the tourism industry and by financial problems at leading shipbuilders.

Ship Building and Repairing, Passenger Liners Construction, Europe, Passenger vessels, Shipbuilding industry

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