In 1999, the recipient of the Nobel Prize in Economic Science was Robert Mundell. He won this award for his ground-breaking research in the areas of optimum currency areas and monetary dynamics.
From 1998 to 1999, Afghanistan had the lowest gross domestic product (GDP) among Southwest Asian countries. The country's economy was severely impacted by ongoing conflicts, political instability, and humanitarian crises, leading to significant economic challenges during that period. This situation contributed to Afghanistan's limited economic output compared to its regional neighbors.
In 1999, the average price of gold was approximately $278 per ounce. The price fluctuated throughout the year, reflecting market conditions and economic factors. This period marked the beginning of a significant rise in gold prices, as they started to recover from the lows of the late 1990s. By the end of 1999, gold was trading around $290 per ounce.
After Boris Yeltsin attempted to transition Russia from a command economy to a free market economy in the early 1990s, the country faced significant economic turmoil. Rapid privatization led to the rise of oligarchs, widespread inflation, and a sharp decline in living standards for many citizens. The economic instability, coupled with political unrest, ultimately contributed to Yeltsin's declining popularity and paved the way for Vladimir Putin's rise to power in 1999. The transition also resulted in significant social and economic disparities, which have continued to affect Russia's socio-economic landscape.
In 1999, the average rent for a residential apartment in the United States was approximately $800 per month. However, this figure varied significantly depending on the location, with urban areas typically experiencing higher rents. Overall, rental prices were generally lower than those seen in the following decades, reflecting economic conditions and housing market dynamics of the time.
In the late 1990s, the Welsh economy underwent significant transformation, shifting from a reliance on traditional industries like coal and steel to a more diverse economic base. The establishment of the National Assembly for Wales in 1999 facilitated regional governance, enabling more targeted economic strategies. Investments in technology, services, and tourism began to flourish, leading to job creation and improved economic performance. Additionally, initiatives aimed at attracting foreign direct investment contributed to the growth of sectors such as information technology and financial services.
Robert A. Mundell won The Prize in Economic Sciences in 1999.
Ahmed H. Zewail won The Nobel Prize in Chemistry in 1999.
Gerardus t Hooft won The Nobel Prize in Physics in 1999.
Gunter Blobel won The Nobel Prize in Physiology or Medicine in 1999.
The Nobel prize was won by Gerardus 't Hooft and Martinus J.G. Veltman in 1999.
Ahmed Zewail won the Nobel Prize in Chemistry in 1999 for his work on femtochemistry, but he did not win an Oscar. The Nobel Prize is awarded for outstanding contributions in various fields of science, literature, and peace, while the Oscar is for achievements in the film industry.
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Gunter Grass won The Nobel Prize in Literature in 1999.
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Gunter Blobel won The Nobel Prize in Physiology or Medicine in 1999.
The Nobel Peace Prize is awarded in a ceremony on December 10 (the anniversary of Nobel's death) at the University of Oslo, Norway, in the presence of the King of Norway. With the exception of the Peace Prize, all other Nobel Prizes are awarded in Stockholm, Sweden.
Robert B. Laughlin won The Nobel Prize in Physics in 1999.