Augmenting and eliminating the effects of Illegal Charter Flights in Dissertation

Augmenting and eliminating the effects of Illegal Charter Flights in Aviation in the Middle East - Dissertation Example ntry wise projected growth for business jets in the Middle East sourced from (Jones, 2010) 30 Figure 4 - Grey market information movement channels 49 1. Acknowledgments I must acknowledge the efforts of my parents, my friends and my teachers in making me capable enough to become what I am. In addition, I would like to acknowledge the help provided by [ professor’s name ] in order to achieve this particular research. 2. Abstract Grey markets have always signalled trouble in terms of market dynamics and equilibrium. Grey operators are able to reap the profits of any service without adhering to the required codes and standards. The business aviation industry throughout the world has suffered at the hands of grey operators since the post World War Two period. The recent rise of business aviation operations in the Middle East has given rise to the issue of grey operators too. The infant Middle Eastern business aviation market seems at risk of suffering large losses if grey market o perations are not kept in check. However, the nascent state of the business aviation industry means that information regarding grey market illegal charter flights is low. There is a constant need to research these areas in order to curb grey market practices so that legitimate business aviation operators have a better chance at survival. 3. Introduction Grey markets have been in operation since antiquity. The lure of saving money entices most people to use services from grey market operators in more than one field. Grey market operations are as applicable to goods markets as to services markets especially with the rapid growth of the services industries in the last century. One of the better kept secrets of grey markets is the effect of illegal flights in the charter flights aviation market. Like some of the other services industries, the charter flight aviation industry, especially for business services, has been channelled into grey market operations. The problem is well regulated in the North American and Western European markets but the rapid expansion in the Middle East business aviation category means that grey market operations are high and unregulated. A number of different problems are exacerbating the situation in the Middle East in connection to grey market charter flights. Some reasons have to do with the political climate of the Middle East while others have to do with the infant character of the Middle East charter aviation industry. This work plans to look into the problems of grey market operations for the charter aviation industry in the Middle East. The problem of grey market op

Macroeconomics Term Paper Example | Topics and Well Written Essays - 1750 words - 1

Macroeconomics - Term Paper Example This has resulted in a decrease in production, and hence, the world’s Gross Domestic Product (GDP). Other problems such as the crash of the housing market haven’t helped much, and have made the task of lawmakers even more difficult and thought provoking. All of these problems, along with numerous others have been a result of increasing prices of products, services, and in short, the cost of living. This increase in prices of these countless things is known in economic terminology as â€Å"inflation†. Hyper Inflation: Hyper inflation causes severe changes and imbalances in demand and supply. This type of inflation is short-lived because the government intervenes to help money perform its operations. For instance, Russia experienced hyper inflation when it was broken down. During this type of inflation, income levels cannot keep up with the cost of living and the purchasing power freefalls. This leads to economic recession. Moderate or creeping inflation: In this type of inflation, prices rise moderately. The upward trend in prices is gradual and averages between two to five percent. This type of inflation is good for the economy, as it is considered a sign of demand in the economy. Creeping inflation gives several inter linked benefits to an economy because firms will produce more in response to higher demand, employment would increase and the workers would earn more. Thereby, the increase in the cost of living would be proportional to the increase in income level. However, creeping inflation can turn into hyper inflation, if the price level increase crosses double figures. Strato Inflation: Inflation rate of this type ranges from 10% to several hundred percent. It is difficult to anticipate and is usually experienced by developing economies due to their economic weakness. Disinflation: Slowing down of the rate of inflation is called disinflation. For example, if the rate of inflation in USA in 2006 was 5% and in 2005 was 7%. Prices increased in both the