This thesis compares the legal foundations for sovereign debt accumulations in the Eurozone and states of the United States. Furthermore, it examines the TARGET2 payment system that processes...Show moreThis thesis compares the legal foundations for sovereign debt accumulations in the Eurozone and states of the United States. Furthermore, it examines the TARGET2 payment system that processes transactions amongst European central banks and compares it with its US equivalent.Show less
This thesis will be discussing the energy sector reform that has been announced by the Mexican president Enrique Peña Nieto on 12 December 2013. After a period of 77 years, the monopoly of the...Show moreThis thesis will be discussing the energy sector reform that has been announced by the Mexican president Enrique Peña Nieto on 12 December 2013. After a period of 77 years, the monopoly of the state owned Petroleum Company Pemex will end and (foreign) private investment in the energy sector will finally be allowed. The reform has been announced in response to the declining production rates and is expected to reverse this declining trend. I will analyse what has caused the Mexican government to make this decision, how they are planning to reform the sector and most importantly, what impact the reform is expected to have on the national economy of Mexico.Show less
The purpose of this bachelor thesis is to analyse the effects of the community-based tourism model in several locations in Indonesia. The research is done through 4 case studies executed in Bali,...Show moreThe purpose of this bachelor thesis is to analyse the effects of the community-based tourism model in several locations in Indonesia. The research is done through 4 case studies executed in Bali, Komodo, Lombok and Java. The research is based on the question: “In what way has community-based tourism improved the economic position of selected local communities in Bali, Komodo, Lombok & Java? How has this affected the sustainability of the natural environment of these communities between 1995 and 2015?” The introduction gives a brief insight into the affiliations the author has to Indonesia and the growing concerns arising from the negative side effects tourism has on the environment. The thesis consists of 3 chapters: the first chapter addresses the theoretical framework in which community-based tourism is explained. The second chapter gives an overview of historic developments in economics and tourism in Indonesia and the plans the Indonesian government has for the future. The third chapter consists of the case studies. The conclusion summarises the main findings. The author points out the inconsistency in the execution of community-based projects by the Indonesian government and the lack of reliable data to measure the actual progress. Much attention is paid to the preservation of nature but the benefits of tourism for the local community is still somewhat lacking.Show less
This thesis focuses on the implications of the economic rise of the People’s Republic of China, giving special emphasis to the consequences of the process of liberalization of the nation’s economy...Show moreThis thesis focuses on the implications of the economic rise of the People’s Republic of China, giving special emphasis to the consequences of the process of liberalization of the nation’s economy had on the geopolitical realignment of the international political system. Furthermore, this thesis concentrates on the economic reforms that resulted in the opening of the economy of the People’s Republic of China since 1980s. Particular attention will be paid to the way in which this process of economic liberalization coincided with a fundamental reordering of the global economy. This work examines the implications of China’s economic prosperity on the Global South from the standpoint of the constant commercial links between Beijing and the Developing World. This realignment of the world economy has a significant impact on the process of globalisation, due to the fact that it brings about a situation in which the Global South is able to depend on itself for its sustained economic growth. In addition to this, the commercial links between Beijing and the Developing World allows the Global South to bypass the neoliberal principles that the Western financial institutions such as the International Monetary Fund (IMF) and the World Bank attempt to impose on them. This thesis postulates that the implications of the economic reforms implemented by China facilitated the realignment of the foundations of the global economic order. Moreover, this thesis also focuses on the different scenarios that could be brought forward due to the economic rise of China, including a possible revisionist quest in the geopolitical order, due to the increased importance of groupings such as BRICS. At the same time, this work will also deal with the ways in which the People’s Republic of China positions itself as a reliable partner in the global economic order in order to ensure its long-term growth.Show less
