Architecture Landscape: Economics of Hawaii - PowerPoint PPT Presentation

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Architecture Landscape: Economics of Hawaii

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for Business Economics. Economic Sectors. Agriculture. Industry. Trade & Finance. Transportation ... understanding of economics. Discuss Hawaii's ... Finance ... – PowerPoint PPT presentation

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Title: Architecture Landscape: Economics of Hawaii


1
Architecture Landscape Economics of Hawaii
  • Tasha Nalei Valenzuela

2
Tourism
3
Hawaiis Economy
  • Economically vigorous with diversified
    agriculture and manufacturing.
  • Set up strategically for the global defense
    system of the United States.
  • Hawaii often called the Crossroads of the
    Pacific, and a major tourism mecca.

4
Economic Institutions
  • NABE
  • HEA
  • Non-profit organization of professionals from a
    broad spectrum of Hawaii businesses and
    organizations.
  • Mission
  • promote public awareness and understanding of
    economics
  • Discuss Hawaiis economic issues
  • Bank of Hawaii
  • Research and Development
  • Hawaiian activities of national and international
    importance include research and development in
    the following areas
  • Oceanography
  • Geophysics
  • Astronomy
  • Satellite Communications
  • Biomedicine

5
Economic Sectors
  • Tourism
  • Hawaiis largest industry
  • 60 of the hotel units are on Oahu (mostly in
    Waikiki)
  • Agriculture
  • Basis of local economy
  • Second largest in producing sugarcane and leads
    in pineapple production
  • Challenged by lower labor cost in other countries
    ie. Philippines
  • Livestock, poultry, dairy production, lumbering,
    and commercial fishing are import sources of
    income.
  • Nearly half of the commercial fish catch is aku
    (tuna).

6
Economic Sectors
  • Industry
  • Hawaii has several hundred companies engaged in
    diversified manufacturing
  • A wide variety of Hawaii-grown foods, sold
    locally and exported to mainland
  • Major Hawaiian industries are unionized
  • International Longshoremens and Warehousemens
    Union (ILWU)

7
Economic Sectors
  • Trade
  • Exports
  • sugar, canned pineapples, garments, flowers,
    canned fish
  • Imports
  • Fuel, vehicles, food, and clothing
  • Finance
  • Chief sources of the states revenue are general
    excise tax, individual income taxes, and federal
    grants-in-aid.

8
Economic Sector
  • Transportation
  • Ocean-surface transportation
  • Honolulu Harbor
  • Extensive docks, warehouses, and storage sheds
  • Luxury cruise lines
  • Air travel Honolulu International Airport

9
Economic Limitations
  • High cost of Living
  • Transportation costs
  • Housing difficult to acquire
  • Building materials expensive- imports

10
Economic Statistics of Hawaii
  • Overall positive growth in 2006 for state economy
  • State unemployment rate is one of the lowest in
    the nation.
  • Hawaii civilian labor force increased 2.6 to a
    total of 648,050 people. (HI pop )
  • Total civilian wage and salary job increased 2.6
  • Housing for a single family price increased 10.8
    to 640,000
  • Total number of visitors arriving by air to
    Hawaii increased 2.7

11
Corrective Efforts
  • Efforts have been made through legislation.
  • Carefully planned housing located in communities

12
Tourism
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