It's a net earner, so where's the catch?
Article Abstract:
The British fishing industry is threatened by increased competition from European fleets, declining fish stocks in UK waters and rising debts used to pay for sophisticated new equipment that enhance efficiency. Most of the industry's problems can be traced to the country's entry into the European Economic Community (EEC) in 1973. Prior to membership in the Community, the British fishing industry controlled 80% of Europe's fishing catch by weight. However, in the two decades since, this market share has dropped to just 30%, mainly because EEC membership forced the industry to open up access to UK's rich fishing grounds to other fleets. Inevitably, the steady loss of market share has led to charges of unfair competition and growing anger among British fishermen, who claim that the government has not done enough to protect the industry's interests. It has also led to calls for the easing of conservation measures implemented to preserve dwindling fish stocks.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1995
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Standard bearers vie for victory
Article Abstract:
Competition is heating up in the newly emerging and potentially lucrative video disk market. Industry observers believe that this market will soon boom as high density compact disks (HDCD) increasingly replace the current VHS video format. These disks have several advantages over ordinary compact disks in that they store up to seven times the usual amount of information. HDCDs can also expand the multi-media capabilities of domestic PC-users because they are compatible with existing CD-ROM systems. The biggest contenders for market supremacy are Sony and Toshiba. Sony and Philips have just developed the digital video disk (DVD), which stores up to 7.4 gigabytes of information and 135 minutes of high-quality images. Toshiba and Time Warner have also developed their own version, the Super-CD. Unlike the DVD, the Toshiba product uses both sides of the disk and can store up to 10 gigabytes of information and 270 minutes of information.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1995
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A world in hot water
Article Abstract:
The world is expected to face a serious water crisis in the 21st century as supply continues to dwindle and demand increases unabated. At present, chronic water shortages already plague some 80 countries and approximately 40% of the global population. With water demand rising at 2.3% every year or about two-fold every couple of decades, the problem is fast reaching crisis proportions. At the heart of the problem is population growth. The current world population of 5.6 billion is forecasted to increase to eight billion by the year 2025. This puts a strain on the world's limited water resources, which has serious economic and political implications. For instance, some fertile lands in the Middle East are drying up because of unsustainable extraction of water. Politically, there is a greater potential for conflict when neighboring countries have the same source of water supply.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1995
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