Samoa’s narrow economy and limited resources create a difficult environment for business, and make the country highly vulnerable to global economic shocks. Frequent natural calamities exacerbate this vulnerability, as demonstrated by the cascade of negative impacts on the country’s economy by the global financial crisis in 2008, a tsunami in 2009, and Tropical Cyclone Evan in 2012.
Beijing and Tianjin municipalities and Hebei province make up the economically important Beijing–Tianjin–Hebei (BTH) region in the northern part of the People’s Republic China (PRC). Home to 109.2 million people, the region generated 10% of national gross domestic product (GDP) in 2013. It is an engine of PRC’s socioeconomic development, but poor air quality jeopardizes sustainable growth.
Nepal’s transition to democracy, following the end of a decade-long civil conflict in April 2006, had been complex and sometimes halting because of the deep ideological, social, and economic divisions that propelled the conflict.
Nauru is a tiny island country northeast of Australia. In recent years, it had received substantial unanticipated windfall income following the reopening of the Regional Processing Center and a significant increase in fisheries revenue and high levels of development assistance.