Wednesday, April 11, 2007
Seychelles People from CIA World Factbook
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Seychelles Economy Overview from CIA World Factbook
Since independence in 1976, per capita output in this Indian Ocean archipelago has expanded to roughly seven times the old near-subsistence level. Growth has been led by the tourist sector, which employs about 30% of the labor force and provides more than 70% of hard currency earnings, and by tuna fishing. In recent years the government has encouraged foreign investment in order to upgrade hotels and other services. At the same time, the government has moved to reduce the dependence on tourism by promoting the development of farming, fishing, and small-scale manufacturing. Sharp drops illustrated the vulnerability of the tourist sector in 1991-92 due largely to the Gulf War, and once again following the 11 September 2001 terrorist attacks on the US. Growth slowed in 1998-2002, and fell in 2003, due to sluggish tourist and tuna sectors, but resumed in 2004. Growth turned negative again in 2005-06. Tight controls on exchange rates and the scarcity of foreign exchange have impaired short-term economic prospects. The black-market value of the Seychelles rupee is half the official exchange rate; without a devaluation of the currency, the tourist sector may remain sluggish as vacationers seek cheaper destinations such as Comoros, Mauritius, and Madagascar.
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Background to Seychelles from CIA World Factbook
A lengthy struggle between France and Great Britain for the islands ended in 1814, when they were ceded to the latter. Independence came in 1976. Socialist rule was brought to a close with a new constitution and free elections in 1993. President France-Albert RENE, who had served since 1977, was re-elected in 2001, but stepped down in 2004. Vice President James MICHEL took over the presidency and in July 2006 was elected to a new five-year term.
Labels:
california,
caliworldfriends,
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efl,
english,
esl,
friends,
friendship,
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Seychelles,
teachmehelpme,
travel
Monday, April 9, 2007
Welcome to Cali Saychelles,
This blog invites people from all over the world who are interested in learning more about California and its people, as well as making new friends.We are in the proccess of creating our own website under CaliWorldFriends, and creating sister blogs, and websites, representing some of the many international communities represented here in California.So, be on the lookout for other sister websites where people from representative communities will participate. We plan on creating an online environment for friendship and the exchange of information for people of different cultures residing in or out of California.Won't you join us?Please attach comments with any ideas you have in making this dream a reality enjoyed by all.
Labels:
california,
caliworldfriends,
communicate,
efl,
english,
esl,
friends,
friendship,
international,
learn,
multicultural,
Seychelles,
teachmehelpme,
travel
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