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Unemployment And Its Effects On Society
Problem Statement Unemployment is a very important problem that it is not only an economic issue,
but it is related to the social and political issues. Increasing the level of unemployment will decrease
the level of Keynes' effective demand that is going to increase the investors' uncertainty and less
investments will take place. As a result, the economy as a whole will move from recession to
depression and the unemployment is dramatically increasing. On the other hand, unemployment has
a direct impact on society in a variety of negative ways. A lot of studies found that the level of
crimes and drug users is high among unemployment citizens. The unemployed may consider crime
as an alternative path to earn money. Finally, the high level of unemployment, in most cases, could
lead to instability in the political system due to protest against the existing political system. In
conclusion, unemployment is a complex issue that needs a lot of work to solve it. The full
employment economic society is a precondition behind economic stabilization and prosperity. This
dissertation takes the position that relying on the private sector to solve the problem of
unemployment is historically not possible. Therefore, the government intervention towards solving
the problem of unemployment is necessary. The government's responsibility is filling the gap of
unemployment by investing in projects that are usually not handled by the private sector due to
small margin of profit and high level of
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Relations Between Saudi Arabia And Trade Relations With China
I. EXECUTIVE SUMMARY
This report elaborates the steps and procedures for setting up a business in Kingdom of Saudi Arabia
while maintaining the trade relations with China. Saudi Arabia 's exchange with China could surpass
$60 billion by 2015, given that the target of $40 billion by 2010 was reached in 2008. Amid 2003–
2008, the China–Saudi Arabia exchange enrolled yearly development rates of 30% to 50%. In 2008,
respective exchange surged by 64.7% to $41.8 billion, well in front of the objective set in 2006.
Exchange between the two nations added up to $12.71 billion in 2009, hit generally by the global
economic crisis. (Economywatch ,n.d)
On this note, this report analyzes the international business situation including the economic, ...
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Promotional activities, projected income statement and balance sheet for the first year is also shown
at the end of the report. Planned growth of the proposed business, including the financial resources
is described at the end of the report.
http://www.economywatch.com/world_economy/saudi_arabia/export–import.html
II. INTRODUCTION
The purpose of the report is to make an International business plan. The type of business discussed
through out the report is a medium scale business. The products include mainly electrical
Equipments. The country selected for doing this business is Kingdom Of Saudi Arabia. One of the
main reason to choose Saudi Arabia to start up this business because of the overall ease of doing
business including the tax systems and geographic location which will be later discussed in this
report. The city chosen is Dammam, which is the industrial city of Eastern Province, Saudi Arabia.
The main idea behind choosing this division of products is due its increased consumption in the
industry. Industrial sector in Saudi Arabia has been tremendously increasing with growing number
of industries. Dammam being a hub of industrial and residential region attracts lots of customers.
This business will be done through partnership with a Saudi National and in contracts with the Saudi
government. Though the Saudi National holds
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Saudi Arabia And Iran Relations Essay
Saudi Arabia and Iran are two countries that sit on opposite sides of the Sunni/Shiite divide, which
can be argued as being the most prominent issue the Middle East faces today. Saudi Arabia is
predominantly known to be a Sunni state, while Iran is largely inhabited by Shia Muslims. Both
countries aspire to be the hegemonic powers of the region. Ethnically, Iran is known to be a Persian
land, unlike Saudi Arabia that is known to be in the heart of the Arab world. These two countries are
separated by the Arabian Gulf and throughout the twentieth century and up until today, the
relationship between the two countries has been notoriously contentious. Within the past few years
especially relationships between the two states have been very fragile with Saudi Arabia ending
diplomatic ties early in 2016. The two states are strained over many issues of which are,
interpretations of Islam, oil export policy and hegemonic regional leadership.
The current relationship between Iran and Saudi Arabia is contentious and competitive, however it
can be said that it has improved since the twentieth century when the two countries engaged in
direct conflict. The two countries have a very similar political agenda, which they use religion and
faith to fulfill. They use the rally around the flag concept in order to strengthen their political
agendas through their religious beliefs. The idea of a Sunni/Shitte divide is not as immense within
the country, but there is one. Saudi Arabia is more of a
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Impact of OPEC's Oil Pricing on the Petroleum Market
Energy resources are essential for national security, technological development, overall
contemporary life style, etc. In this respect, oil is the main source for worldwide economy. Peak oil
would imbalance countries' economical situations and may lead to a chain reaction with negative
effects on multiple layers. Evidently, there is mutual interest to prevent such a thing from happening
but the possibility is nevertheless considered. OPEC's initial goal to ensure stable prices on
petroleum markets in order to avoid any negative fluctuations did not always correspond. The
organization actually favored inflation more than in one occasion but its influence in controlling oil
prices dropped considerably since 1973. It was proven that, having quadrupled the price of oil,
OPEC had in its hands the power to inflict economic hurt on the rich countries. (Beenstock 2007, p.
134) Although OPEC does not completely control the oil market today, it nevertheless continues to
be influent because its decisions to reduce production may lead to either a decrease or increase of oil
prices. OPEC's existence is dependent on the future of oil. Whether or not oil will dominate as the
main energetic source for worldwide economy will decide its future. Considering that OPEC's oil
has been a vital source of energy during the last half of century, (Khusanjanova 2011, p. 19) and that
oil is expected to play a similar role within the next century, we can assume the organization will at
least maintain its
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The Education System Of Saudi Arabia, Us, And World Economy
Report for 2014 states that there are more than 110,000 Saudi students enrolled in American
universities. The influx is primarily triggered by the scholarship program introduced by King
Abdullah, which allows qualified students to attend higher education in the United States with their
tuition fee, school expenses, and health insurance paid for by the government. The same is also
attributed by the fact that thirteen of the top universities in the world are in the United States
whereas the education system in Saudi Arabia is still in a developmental stage.
Accepting international students benefit the Saudi Arabia, US, and world economy. Hence, many
US universities have expressed their intention to accommodate Saudi students and to provide ...
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The second solution is seen as the most feasible of the three.
Discussion
The conditions in universities accepting international students need considerable attention. The
reason students go abroad to study is very clear–through world class education, these students will
turn into valuable human assets of their country. They benefit their host country financially,
contributing the largest portion of the billions of dollars earned by the US each academic year
(Wilson, 2011). Internationalization of students also promote global understanding by adding
cultural diversity to campuses, and by facilitating better relations between the US and their home
country. On the other hand, completing a four or five–year degree in an unfamiliar environment, and
being exposed to an education system that is very distinct from the one they are used to, do not
come about easily for the Saudi students.
Comparing the Education System between the US and Saudi Arabia The differences in the education
system implemented in the US and Saudi Arabia can be best compared by discussing the role of
their governments in education, and the academic cultures that the students from these two countries
are
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Tourism Impact On The Economy, Economy And Environment In...
This study addresses the domain of tourism and hospitality practices as well as its positive and
negative effects on the economy, culture and traditions, and the environment globally and in Saudi
Arabia. It also focuses on the need for more improvement and diversity on the tourism patterns. In
addition, the study hopes to provide an understanding of residents' attitudes towards tourism impacts
on the culture, economy and the environment in Saudi Arabia.
Today, tourism has become a global phenomenon being widely recognized in both regional and
national levels. In fact, tourism is considered as one of the fastest growing sectors in the world
economy, thereby being viewed as a potential sector in raising tax revenues, providing employment
opportunities as well as promoting economic diversity (Khizindar, 2012). Goeldner and Ritchie
(2006) indicate that the significance of tourism has increased considerably through educational
institutions such as universities as well as media, which are conduits of spreading the concept of
tourism and hospitality .For instance, Saudi Arabia is one of those countries in the Middle East,
which is determined to promote tourism for growth and sustainability despite belonging to those
nations that have historically built their economies on oil and natural gas (Eid, 2012).
However, some studies indicate that tourists might have cultural, social, economic and
environmental impacts on the local residents. In fact, these recent studies have awakened
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Economic Growth And Saudi Arabia
Economic Growth in Saudi Arabia
Saudi Arabia has an economy that is largely dependent on oil, with the government maintaining the
biggest control over the country 's significant economic activities. Saudi Arabia owns about 16% of
the global oil reserves and is the number one exporter of oil (Saudi Arabia, 2013). In addition, the
Kingdom of Saudi Arabia was instrumental in the formation of the OPEC (Organization of the
Petroleum Exporting Countries) group, which initially comprised Iraq, Venezuela, Iran, Kuwait and
Venezuela (Energy indicators, 2004). Currently, the petroleum industry constitutes about 80% of the
country 's budgetary incomes; about 40% of the country 's GDP and 87% of Saudi 's export earnings.
Agriculture, in addition to petroleum products, has been a major contributor to the kingdom's
economy since 1970s (Saudi Arabia, 2013). The country has been able to produce enough
agricultural products for their consumption as well as surplus for exportation to the GCC member
countries.
Saudi 's Pattern of Economic Growth
Initially, Saudi Arabia was largely a subsistence economy, gaining its revenues from subsistence
agriculture and sale of natural resources. The Saudi population was highly dependent on subsistence
farming and was very poor, given that climatic conditions in Saudi Arabia are not favourable for
food production. However, the situation drastically changed when oil was first discovered in 1930 's.
Although a highly sought after commodity, oil prices were
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Saudi Aramco Essays
Saudi Aramco
The largest world supplier oil company is Saudi Aramco. It is the most profitable company on the
earth. Since it is the most powerful oil company, it has a great impact on the world economy. As a
result, a strong international relationship was built with the Kingdom of Saudi Arabia. In addition,
the strong developing of international relationship with other industrial countries resulted in massive
contributions to the politics, economy, and many different aspects. In 1933, Saudi government
bestowed oil concession to California Arabian Standard Oil Company (Chevron). The main factor
for this grant was to explore the oil in the eastern region of the Kingdom of Saudi Arabia. After
discovering a huge amount of oil, part of the ... Show more content on Helpwriting.net ...
Therefore, the Arab Peninsula was not like other Arab countries which were colonized. Arab
Peninsula which eventually became Kingdom of Saudi Arabia remained relinquished with no
boundaries. After King Abdul Aziz who was supported by Great Britain united Arabs and defeated
the hostiles in quarter of century of severe wars began to search for investments in order to reinforce
his economy. He was urging British Petroleum to explore the oil in Saudi Arabia while the British
Petroleum company was negotiating with him not for interest but for preventing other companies to
enter this area. However, a former British official who had left his service and converted to Islam
became a loyal adviser for King Abdul Aziz, John Philby, and so he did a great job bringing foreign
companies to the Kingdom. In fact, he was the one who suggested opening a competition among the
oil companies. Taking that suggestion, King Abdul Aziz signed a sixty years oil concession
agreement with Chevron in 1933 covering the whole eastern region of Saudi Arabia. Faced with
such difficulties exploring job, Chevron had to sell 50% of the concession to Texaco. Surprisingly,
that area became the richest oil area, and it still is even today.
Interconnecting with the USA:
It was vital to nationalize Chevron and Texaco due to many factors. First, the two companies were
concerned that the Nazi move might come through the Persian Gulf. Another factor was the
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Market Analysis : Saudi Arabia
Market analysis summary
Among the countries in the Middle East, Saudi Arabia contains some of the largest markets with
over 27 million consumers and several global enterprises. Saudi society is often described as young,
dynamic and affluent which often cause rapid growth in several sectors. It has the world 's 19th
largest economy and the region 's highest influx of FDI. Public–private partnerships are not
uncommon in the Kingdom which allows many avenues for venture capital funding. Furthermore,
public expenditures on education is around 5.8 percent of the country 's GDP which is the highest
among the Middle Eastern countries. Although the societies in Saudi Arabia have very different
cultural and market norms than Western countries like Canada, the increasingly competitive and
deregulated economic environment has proven to be very beneficial for many companies in the
private sector.
5.1 Market Segmentation
Our primary objective is to meet the local needs for child care services within the 10–mile radius of
Riyadh. Since children will be taken in regardless of whether they will be involved on full–time or
part–time basis, Canada Expert Daycare will aim to accommodate working couples from a variety
of different segments in the market. The Saudi Arabian market for childcare services can be divided
into several segments dependent on several factors including education, age and social class. An
important factor in determining the purchase behaviour of working couples in Saudi
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The United States And Saudi Arabia
It's a particularly noteworthy development when oil prices are down by 50%. During the past
decade, the price of oil has traveled from $60 per barrel to its peak of $146 during 2009, then in
2015 it fell into a steep decline again to below $50. Since oil is sold in a global market, the increase
or decrease of its price has a tremendous impact on all economies throughout the world. This
research goes in depth on how the shift in oil prices has affected Saudi Arabia and the US's
economies, the world's biggest oil producers. The issue will be broken down to three components; a
brief summary of the laws and regulations that possibly affected the change in oil prices, how it is
currently affecting the US and Saudi Arabia's economies, and their quest for alternative solutions.
The purpose of this research is to analyze how both the United States and Saudi Arabia have been
affected and what progressive measures they are willing to take in response to the steep decline of
oil prices.
Origin of recent decline in oil prices Aside from the 2008 crisis, prices of oil have never been cut in
half in a matter of months since 1900 – until just recently in 2014. What might've caused this steep
decrease in prices? Well, it appears as though the surge in US oil production had a primary role in
breaking the market. Meanwhile, demand had remained fairly stagnant. Extensive federal
intervention into the United States' oil and gas markets began back in 1930s and continued well
through the
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Economic History Of Israel And Saudi Arabia Essay
Eytan Davidovits
Professor Hill
Economics 191
20, March 2015
Economic History of Israel and Saudi Arabia Israel and Saudi Arabia are two countries in close
proximity to each other, yet seem to be different in almost every metric. Saudi Arabia has a $744
Billion GDP, while Israel only $290 Billion (The World Bank), yet when breaking the GDP into
GDP per capita, Saudi Arabia lags behind Israel at with a GDP per capita of $25, 961 whereas Israel
is at $36,051. Israel and Saudi Arabia both became economic powerhouses of the Middle East, while
remaining vastly different from each other in terms of their institutions. Their histories are unique,
illustrating various ways a country can develop. Israel as a country is quite new, only 67 years old.
Israel was founded in 1948 after being given to the Jewish people by Great Britain. Soon after Israel
declared independence, all of the pseudo governmental Jewish institutions that were set up during
the period under British rule, combined to form government departments. However, due to the state
of its economy as well the more socialist leanings of the main political party, in the beginning there
was strong government intervention.
Following its founding, Israel's economy was jumpstarted through a large amount of foreign aid as
well as immigration. Immigration was a pillar of the founding of the Jewish state with Holocaust
survivors coming in droves from Europe to Israel. After just three years of it's founding, Israel
doubled its
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International Capital Flow Directly Depends On A Country...
2.3.2 Fixed Currency
Albuquerquw, Loayza, and Serven (2005) have determined that international capital flow directly
depends on a country's financial situation and level of development. Abadie and Gardeazabel (2007)
agreed that the stock markets are the main source of FDI, it is well known. But foreign firms that
have been purchased through the stock market are in desperate need of financial services. This way,
as a prospective investor makes decisions regarding his investments, he will be able to take into
account the country's financial development and banking development, and determine how such
factors will ultimately affect their investments According to Campa (1993) as with all investments,
there is always a potential risk ... Show more content on Helpwriting.net ...
Consequence, it leads to a rise the imports cost for the Kingdom. Saudi economy has suffered from
increasing import prices of food commodities, which constitute about 26 per cent of the index price.
It had recorded until 17th March 2008, increasing in food commodities were denominated by dollars
of 62 per cent compared to last year. Which is reflected negatively on the balance of payments, as
well to a decrease in the value of money earned from exports. That means the double of negative
impact of exchange rate depreciation of the dollar. According to study prepared by the Bank
(SAMBA), the Kingdom has lost during the period between 2003 and 2004, more than four billion
riyals as a result of exchange rate depreciation of the dollar. Based on the adopted standard of
SAMBA's report, is expected to reach the sustained losses of the Saudi economy nearly 30 billion
riyals, because of the low dollar exchange rate, since 2003 until now (The effects of terrorism in the
Saudi economy, 2008). "The level of the dollar is concerned and the decline is impacts the
purchasing power of oil producers of OPEC," the Minister of Petroleum and Mineral Resources was
quoted as saying, expressing his concern about the dollar's decline. The depreciation of the dollar
has contributed to decline the actual value of financial assets of Saudi Arabia at home and abroad.
SAMA (Saudi Arabian Monetary Agency) has
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The Oil Curse Essay
Saudi Arabia is a primarily oil–based economy, with oil being the most important component of the
nation's rapid economic development since World War II. U.S. geologists discovered oil in the
region in the 1930s, and since exports expanded most notably in the 1960s, production and rich
revenues have been seemingly limitless. The amount of oil in Saudi Arabia's reserves amounts to
close to a quarter of the world's entire oil resources, and today the country produces about 10,000
barrels a day. As a result, the valuable resource currently accounts for 90% of the country's exports
and contributes to 75% of government revenues annually. During the 1970s, following the Arab–
Israeli war, Saudi Arabia's economy was one of the fastest growing in ... Show more content on
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The nation's inability to shift toward a more liberal state of affairs can be attributed to many factors,
three of which in particular, will be examined and discussed throughout this essay: the "rentier
effect", the "repression effect", and the "modernization effect".
Throughout its history, a series of different dynasties and kings have ruled Saudi Arabia. Today,
Saudi Arabia is in the midst of s the "Third Saudi State". It was founded in 1902 by King Abdul
Aziz Al–Saud, who conquered the remaining ruling families, and through the Treaty of Jeddah on
May 20, 1927, was recognized as an independent realm by the United Kingdom. Since then, the
Saud family has ruled the kingdom. The king is the head of state and government and decisions are
made through the consultation of senior princes in the royal family ("Third Saudi State").
Saudi Arabia is not an electoral democracy, nor is it considered by Freedom House to be "free", as it
scores 7 out of 7 on its freedom scale (1–7, with 7 being "not free"). The Basic Law of 1992
declares that the Koran and the Sunna, which offer guidance based on the deeds and sayings of
Muhammad, form the country's constitution. The king appoints the 150 member Consultative
Council, which serves as an advisory committee with very few powers ("Majlis Al–Shura
(Consultative Council)". Legislation is introduced and passed by the Council of
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Essay on Comparative and Absolute Advantage
Comparative and Absolute Advantage
ECO 561
Alfred Igbodipe
7/24/16
Introduction
Due to the differences between the countries in its profitable fundamentals; the International Trade
occurs. The contracts between the countries consider as the primary driver of the global exchange.
These contracts concluded on the basis of the countries beneficial elements and advantages. Each
international trade between the countries depends on numerous focal points of this exchange
process. The economics and producers effectiveness measured by absolute advantage for these
economics/producers. For example; if the producer needs lesser amount of contributions/inputs to
provide specific product, then this producer has an absolute advantage in producing ... Show more
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The growth rate of the U.S GDP stands at 3.23 percent from 1947 up to 2016(Cuñat & Melitz,
2012). In the international trade, the absolute advantage indicates the ability of the economy to
conduct tasks appropriately. The comparative advantage identifies the economy, which produces the
goods with the lowest opportunity cost.
The United States has an absolute advantage over the technological products and services which are
critical. Within the global markets, the U.S has been able to provide tech products and services
appropriately. However, it has comparative advantage of offering tech services while the absolute
advantage exists in technology design and providing industrial capacity. The U.S is a major exporter
in the international markets of products such as civilian aircraft, semiconductors, cars, car
accessories, fuel oil, and organic chemicals among others. Such exports improve the U.S's
comparative and absolute advantage.
China
The economic growth rate of China rate grew by 1.8 percent following the measure of economic
growth which is the GDP growth rate. The GDP growth rate is one of the adequate economic growth
measures. It indicates that the rate expanded 1.8 percent in the second quarter of 2016 increasing
from the previous quarter of 1.2 percent growth. It also surpassed the market projections of 1.6
percent expansion (Levchenko & Zhang, 2016). It was the strongest economic growth
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Saudi Arabia Case Study
The Saudi Arabian marketplace is recovering from a declining price of oil, their number one source
of income. Since the price of oil has been declining over the last few years, the oil market and
therefore the county has been functioning in a deficit. Since there no personal income tax, the
government relies heavily on the oil. They have been trying to get more foreign investors by and
they have been doing that by selling bonds, $17.5 billion to be exact. (Kim, 2016) "Saudi Arabia has
also started a new strategy dubbed Vision 2030 that aims to break the country's "addiction" to
crude." (Egan, 2017) Saudi Arabia is also wanting to invest money in the United States' economy.
They did that by recently pledging $ 20 billion for American ... Show more content on
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For that reason, the country ranked in 28 in that category. Registering property became more
efficient because of the new technology making the process easier for everyone. (The World Bank,
2017)
Getting credit ranked 2 out of 12 on the strength of legal rights index. The government also made
make an amendment that made secured lending more flexible. The government highly recommend
that if you go through an established company like a partnership to get into business in Saudi
Arabia, you will have a better chance. When it comes to protecting minority investors the country
comes in the middle of the pack. They strengthened the protections of investors by strengthening
ownership and control structures of companies and by increasing corporate transparency
requirements. Which a great benefit for minority investors. (The World Bank, 2017)
Saudi Arabia does not a personal property tax, a benefit to their citizens; because of this,
corporations are taxed at a higher rate of 20%. (Trading Economics, 2017) This can pose a problem
as the country is needing outside corporations to do business within Saudi Arabia to generate
income. The government also made enforcing contracts easier with an electronic filing system,
which makes things contracts more accessible and they can be processed faster. When it comes to
resolving insolvency, the Saudi Arabia government has made strict deadlines for bankruptcy
procedures. (The World Bank, 2017)
The
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Saudi Arabia Is A Monarchy Built On The Foundation Of Islam
Saudi Arabia is located in the region of the Middle East and North Africa with a population of 28.3
million people. Our government is conflicted in regards to a difficult position in the debate over
climate change and the proposal to limit our carbon omissions by 15 percent in the next five years.
Our country, Saudi Arabia, has the world's largest oil reserves and an economy exclusively centered
on the export of fossil fuels. Fossil fuels are known to be the major drives of climate change, thus
causing a problematic deliberation for our government. Our country has an arid climate, which is
highly vulnerable to the adverse effects of climate change–induced weather and global warming.
Our fast growing economy is experiencing a rapid increase ... Show more content on
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Each province includes its own council that is responsible for advising the governor as well as
dealing with the development aspect of the province. As Saudi Arabia is an Islamic State, our
judicial system is based on Islamic Law, with our King being the highest court of appeal (Sims,
2015).
Although we believe limiting carbon omissions by 15 percent in the next five years will reduce our
oil exports and contribute to a catastrophic decline for our economy, we are willing to consider
should there be a national enforcement mechanism. We are willing to pursue international initiatives
to contest the issues of climate change, although we are one of the largest oil–producing countries.
In order to comply, we demand reimbursement in case of a future offset in losses in oil revenue. We
as a country understand the effects of global warming and the fact that our future is deteriorated
because of it. However, many of our people do not recognize climate change as an immense issue
that needs to be addressed. Many often believe that our climate in Saudi Arabia is tremendously hot
already; there is no point in limiting our carbon omissions, as the chance of lost revenue is present.
Additionally, with a growing economy, we will not have the ability to maintain sufficient standards
of living with possible dwelling oil reserve revenue. With enforced compliance, being one of the
richest countries in the world, will attempt to influence the poorer countries to also limit their
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Political Economy : A Branch Of Social Science
Political economy is a branch of social science. The term of political economy has come from Greek
word 'polis' means city or state and 'oikonomos' meaning one who manages a household or state. So
we can tell political economy thus can be understood as the study of how a country or household is
manage or governed taking into account both political and economic factors (David N Balaan)
According to Adam Smith "Politic al economy is a branch of science of a statement or legislature
concerned with providing a plentiful revenue or subsistence for the people, supplying the state or
commonwealth with a revenue sufficient for public service" So we can tell that political economy is
about 1) Regarding to the economy role of the state 2) Interaction between political and economical
process. 3) Based on property and wealth, distribution of political power.
My topic is the political economy behind good relationship between the USA and Saudi Arabia. So
it means the good relationship and behind this what political and economical reason are working.
Relationship between USA and Saudi Arabia: The relationship between USA and Saudi Arabia is
problematic. The two countries are fully different from one another. One is ultraconservative Islamic
absolute monarchy and another is secular democratic republic, but within them have special
relationship. The relation began from 1933. The formal president George W Bush and present
president Barak Obama have close and strong relationship with Saudi
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Market Analysis : Saudi Arabia
Market analysis summary
Among the countries in the Middle East, Saudi Arabia contains some of the largest markets with
over 27 million consumers and several global enterprises. Saudi society is often described as young,
dynamic and affluent which often cause rapid growth in several sectors. It has the world 's 19th
largest economy and the region 's highest influx of FDI. Public–private partnerships are not
uncommon in the Kingdom which allows many avenues for venture capital funding. Furthermore,
public expenditures on education is around 5.8 percent of the country 's GDP which is the highest
among the Middle Eastern countries. Although the societies in Saudi Arabia have very different
cultural and market norms than Western countries like ... Show more content on Helpwriting.net ...
Couples with a high level of education in Saudi Arabia tend to give more recognition and awareness
of the woman's role in the family. Also, women with higher levels of education in Saudi marriages
tend to have stronger influences on purchase decisions and are often willing to pay more for quality,
comfort, convenience and mobility childcare services. Age and social class are also important
factors to take into consideration when analysing this market. Across the Saudi Arabian market there
is a direct correlation between the social status and age of working couples and the preference for
convenient goods and services. In particular, as Saudi Arabian women get older in age they tend to
seek and prefer products that give them more comfort and a better quality of life. Research has
shown that there is a strong sense of cultural unity in Saudi Arabia which means that members of the
same social group tend to live in the same area and use services that reflect their social status. In a
major city like Riyadh, young entrepreneurial couples in the middle to upper social class will likely
gravitate towards the services offered by Canada Experts Daycare since it offers a more convenient
and better quality of life.
5.2 Target Market Segment Strategy
In order to establish consistent and reoccurring revenue streams, the company needs to establish a
client base that is comprised of mainly full–time and some part–time working couples. These
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Influence Of Iran Relations On Fdi During Saudi Arabia And...
2.2.2.1 The influence of Iran relations on FDI in Saudi Arabia and Gulf Countries According to
economic report of Aleq (2007) "Disagreement between Iran and the West will not hinder the flow
of investment to the Gulf" it has been confirmed that the international high tension between Iran and
the Western countries not affect the ability of the oil–rich countries (GCC) to attract foreign
investment. As a result of the stability of their economies and the high liquidity that they have. It has
been stated in this report that, the Gulf region is in high–quality situation and is unlikely to change
this condition. If it is believed that there is any risk because of the war in Iran, the projects will be
retreated. Many of the foreign capital aim to enter Gulf region for investing and financing,
especially from international banks, because of the economic and high commercial growth in these
countries (Aleqt, 2007). In addition, it has been mentioned by Aleqt report (2207) that the Gulf
States are aspirated by many of the foreign capital, many of international and western banks plan
and keen to enter this market in order to finance the growth economic and participate in
infrastructure. Gulf states will spend billions of dollars in the coming years. In contrast, in the case
of nuclear programs, the development of nuclear weapons didn't affect the attraction of investments
in South Korea and other countries. Thus, The Iran's nuclear programs will not affect Gulf States in
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Environmental Consequences Of Fracking
The various ties between the Organization of Petroleum Exporting Countries and the United States
of America has always ebbed and flowed. American–OPEC relations have been strained by events
such as the increase in oil prices in 1973 in retaliation of the American support of Zionist terrorists
that the U.S. would call "Israel", but now, the various economies of OPEC nations themselves could
be under threat.
The United States of America has invested more energy and resources into more expensive and
more controversial methods of obtaining oil and natural gas such as horizontal drilling and hydraulic
fracturing– the latter commonly known as fracking. However, the emerging American industry also
poses severe political and environmental consequences.
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The Importance Of Marketing In The Saudi Arabia Market
Today we are honored to have you all; members, employees, clients and companies, to launch our
product and advertise for it in the Saudi Arabia market. Just before getting started, I want to
welcome special guests from Saudi Arabia; a dear country, who are participating in this gathering. It
is not a surprise from business men who were born in a country that thrives for innovation and
advancement, to cross the ocean and bare the fatigue of this long travel to be with us today. Thanks
for your presence. Saudi Arabia is illustrious for its remarkable oil production. "Over the last
decade, the Kingdom witnesses an average annual increase of eight percent in electricity demand,
with the number of subscribers significantly rising by an ... Show more content on Helpwriting.net
...
The geographic feature of this country gives the solar energy an advantage over other sources like
wind and geothermal power especially that the latter require many wires, cords, and power sources.
Solar energy is induced with the help of solar panels. These panels convert the sun's rays into
electricity by exciting electrons in silicone cells using the photons of light from the sun. "In other
words, sunlight is composed of miniscule particles called photons, which radiate from the sun. As
these hit the silicone atoms of the solar panels or cells, they transfer their energy to loose electrons.
Then, solar cells need to herd these electrons into an electric current" (Physics. org, n.d.).
Consequently, the solar energy needs only sun rays to become beneficial and practical for everyday
use. The solar panels' installation isn't complicated at all since there is no need of wires and power
sources. This makes installing solar panels in areas where there are no power cables tremendously
easy. Having three gigantic desserts in the Saudi Arabia, the government can facilitate the
development of these areas through the installation of PV panels. Besides, a very small maintenance
is needed compared to unrenewable energy generators. This aspect elucidates that solar energy
equipment lasts for a lifetime. Money invested in this domain isn't in vain. Moreover, one
imperative aspect of the installation of the photovoltaic cells
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Essay on The Global Economy and the Stages of Recovery
The global economy and the stages of recovery:
As is known, there has been a decline in global GPD growth rates during the last two years due to
the global financial crisis which began in August 2007; it is considered one of the most serious
crises experienced by the global economy since World War II. According to the latest update to the
World Economic Outlook by the International Monetary Fund (January 26, 2010), global GDP
growth fell from 5% p.a. in 2007 to 3.2% in 2008, dropping to –.08% by 2009.
According to the report, the world economy has begun to expand again, and there have been
improvements in financial conditions. It is a significant improvement, but it will still take time to
return to where it was in the past. ... Show more content on Helpwriting.net ...
As can be seen in the capital markets indexes, the indicators fell sharply throughout the world
without exception. This decline led to a loss of confidence among investors.
Currently, the capital markets passed their nadir in the beginning of 2009 and the market has started
recovering from all–time lows. In addition, investor confidence has improved, while economies
remain weak, although growth is expected. The majority have in fact returned to growth, albeit only
showing a slight rise.
Experts are split into two camps: the optimistic and the pessimistic, with some experts expecting a
return of the recession while others anticipate recovery.(Revisiting the global crisis,2009)
This table below shows the performance for some capital markets indices over the past three years
according to CNBC: 2007 2008 Change (%) 2009 Change (%)
DOW JONES INDU AVERAGE NDX 13,246.53 8,776.39 –33.75% 10,428.05 18.82%
NASDAQ NMS COMPOSITE 2,652.28 1,577.05 –40.54% 2,269.15 43.89%
S&P 500 1,435.65 903.25 –37.08% 1,115.10 23.45%
FTSE 100 6,456.90 4,434.17 –31.33% 5,412.88 22.07%
DAX 8,067.32 4,810.20 –40.37% 5,957.43 23.85%
CAC 40 5,614.08 3,217.97 –42.68% 3,936.33 22.32%
HANG SENG INDEX 27,812.65 14,387.48 –48.27% 21,872.50 52.02%
NIKKEI 225 15,307.78 8,859.56 –42.12% 10,546.44 19.04%
SHANGHAI SE COMPOSITE INDEX 5,261.56 1,820.81 –65.39% 3,277.14 79.98%
Saudi Arabia
The Saudi economy in 2010:
A great number of reports expect an
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Saudi Arabia And The Islamic World
When it comes to the Middle Eastern continent the most significant and popular country is known as
Saudi Arabia. The fact following certain aspects and a shared history with Islamic religion makes it
the most well known place in the world for Muslims as well as the entire Arab world. Saudi Arabia
lies and covers most of the Arabian Peninsula, inclusive of the Red Sea. The first concrete evidence
of human existence in the Arab world takes us back 15000 to 20000 years. Tribes of hunters and
gatherers survived on this land, abolishing hunger through wild animals and plants. Over the
centuries, the peninsula has played the role in history as an ancient trade center and the birthplace of
Islam, one of the most monotheistic religions that exist in the world, even today! Saudi Arabia is not
only the homeland of Arabs, but also the homeland of Islam. The Prophet Muhammad PBUH
founded Islam in the two holiest places in the Islamic world, Mecca and Medina, which to this day
exist within the borders of Saudi Arabia. The Kingdom of Saudi Arabia was founded by King Abdul
Aziz in the early 1900's. After establishing Riyadh as his headquarters, Abdul Aziz captured several
neighboring areas, including Mecca and Medina, during the time period of 1924 to 1925 and during
the process; he united the warring tribes into one nation. Finally, on September 23, 1925, the country
was given the name of Saudi Arabia, with Arabic as its national language and its constitution being
based on the Holy
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Youth Unemployment And Its Effects On The Economy
Shaima Saklou Mrs. Lauren Schuberth Mr. Kyle Burkett Level 9 Reading & Writing 22 February
2017 Youth in Unemployment in Saudi Arabia Unemployment is a phenomenon that occur in any
country across globe. It considers as very essential topic because its effects on the country. The
unemployment rate is one of the most prominent issues discussed today by politicians, news
commentators, and economists. Therefore, higher unemployment rate between youth could affect
the economy, politics, and other factors. Many countries across the globe spend a lot of time and
effort trying to control the rate of unemployment and its growth within the economy. This is due to
the fact that increased youth unemployment affects negatively the ... Show more content on
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The first one is frictional unemployment which is the result of imperfections in the labor market is
very common in all societies irrespective of their stage of development. The second one is the
technological unemployment, which is the result of the lack of the skill of labor force and it is
considering in the case of Saudi Arabia. Lastly, seasonal unemployment which takes the form of
temporary lay–offs experienced through the labor force because the seasonal nature of their
employment for instance , farmers are the main issue of this kind of unemployment. As well as, the
people who work fundamentally through the Haj pilgrimage season are belonging same type.
According to IMF indicates that the unemployment rate among Saudi nationals has reached 12%.
The youth male (30%) and females (35%) are particularly affected by the country's unemployment
problem. The increasing unemployment rate in Saudi Arabia, specifically in youth, has made it
important to understand the causes and impact of youth unemployment as well as investigating
solutions. Therefore, this paper is going to investigate the following: – What factors that causes a
higher rate of unemployment among youth in Saudi Arabia? – What the impact of youth
unemployment in Saudi Arabia? – Why other countries for instance Qatar country has a lower rate
of youth unemployment than Saudi Arabia? – What types of polices that Saudi government can do
to
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Advantages Of Porter's Diamond
In the book "Competitive Advantage of Nations" Wearing traditional economic trade ideas and
present them to explain economic phenomena of failure. Since then he has developed a new
paradigm of competitiveness of the country or industry, which used to describe the "model
Diamond" The four determinants of competitiveness of the industry model explains. As labor
qualified and infrastructure, such as factors of production, such as the position of (1) the country
factor conditions or industry, (2) country or market such as the sophistication of demand conditions
customers, (3) the organization of these companies and their circumstances as the nature of domestic
rivalry and related industries, and (4) business context.
Porter's Diamond
Porter, ... Show more content on Helpwriting.net ...
The role of Saudi Arabia is such that the government, the government of Saudi Arabia, the GCC
countries are integrated so that it should reform its policies against foreign competition is successful
and the power of a union. to promote the industry is very effective and excellent in any outside
power can significantly affect its economy. GCC single currency can not be achieved by 2010,
though as capital resources and the work of a single market for the free movement is reached. Such
a union is an economic logic, conditioned by foreign policy, foreign policy and domestic policy does
not allow the Union to play an effective
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Research Paper On Saudi Arabia
Saudi Arabia: The Middle East The Middle East is by no means a westernized area of the world;
however there are staple factors that make it seem "democratized." Its legitimacy weary, the Middle
East is fantastic at growing its governments based on the Medina Constitution. However, there is
one particular area of the world that is both deeply religiously rooted and contemporary at the same
time. Saudi Arabia has created the impossible through economic, political, and social legitimacy that
not only defies western ideology but is accepted as the most modern version of the Middle East
using their economic and religious legitimacy. It can be described as a single tribe full of all chiefs
and no Indians and as seen as any other Arab country, only ... Show more content on Helpwriting.net
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An overview of the interaction of these two in Saudi Arabia is complex and prompts the question
whether the state controls religion, or religion controls the state. While religion seems to be more
influential in the domestic policy territory, the state, along with secular security goals, appears to
shape most foreign policy decisions. Religion legitimized the Al Saud's territorial expansions,
justifying military conquests "by the religious belief that it was the duty of all true Wahhabis to carry
the message of Islam to all peoples who were non–Muslim 'infidels'" (Helms, 1981:
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How Is It Different Countries?
Sojood Abu–Rayyan
Sociology 1101
Dr. Petten, Irene
Dec, 7th 2015
How is it to be living in different countries?
Every country has their own culture because of national differences and history. Culture can be
defined as the values, beliefs and perceptions of a group of people. History, tradition and religion are
the main influences on culture. This essay will analyze some of the main aspects of the political
systems, economic systems and systems of stratification and inequality in Saudi Arabia and UAE.
As a woman living in one county could be totally different than living in another one. Women 's
status could be challenging in some countries and could be easy in another. Women 's status in each
society and culture differs in different ways around the world. In some societies, women 's status
improved progressively, while in other, it dropped or remained unimproved. Saudi Arabia has its
own traditions that are carried from an Arab tribal civilization. There are many limitations on the
way of living are implemented both legally and socially. The lives of men differ from the lives of
women in Saudi Arabia in terms of the political rights that each one has, the job opportunities that
each one can get, and the level of education that they have. This happens even though Saudi Arabia
is an Islamic country and these inequalities are not endorsed by Islam. In the national law, men have
more political rights than the women. Legal rights in Saudi Arabia are intended to be based on
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Saudi Arabia Essay
Saudi Arabia is the largest free market economy in the Middle East and North Africa, with a 25%
share of GDP, and its geographical location provides easy access to export market in Europe, Asia
and Africa. It is know that the main income of the Saudi economy is oil, which makes Saudi Arabia
rank to be first in the world in oil precaution, oil production and oil exportation to reach 25% of the
total wold oil precaution and other natural resources including a large range of industrial raw
materials and mineral such as bauxite, limestone, gypsum, phosphate and iron ore. This allow to
Saudi Arabia to be a one of the top 20 economic stability in the world.
The Saudi construction industry is skyrocketing; it relies on supply of materials that ... Show more
content on Helpwriting.net ...
The structure of the paper mirrors this, as the following segment considers the structure of work in
Saudi Arabia and, specifically, the diverse profession structures existing for Saudi and remote
specialists. The segment that takes after takes a gander at abilities and aptitudes advancement.
Another segment considers the effect of Saudisation on profession improvement. A last area
introduces a few conclusions (Madhi, 2003).
the importance of the industrial sector to growth the country
Saudi Arabia currently has strong growth indicators, with the industrial sector accounting for about
60% of GDP. The number of employees in this sector does not exceed 21% of the total labor force,
while the services sector contributes about 36% of GDP. About 70% of the total labor force in the
Kingdom. Hence the importance of focusing on the industrial sector, especially manufacturing
industries and small and medium enterprises. However, building the industrial sector is not an easy
or quick process. It requires long–term planning, concerted efforts, knowledge and business sharing
with experienced people, and a special focus on public–private partnerships.
As part of its plans to provide everything needed to stimulate the growth of the industrial sector, the
Saudi Ministry of Trade and Industry is
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Social Crisis : The Crown Prince And Saudi Arabia
Having Sophia being put into the technological spotlight is just the helping hand the Crown Prince
and Saudi Arabia is looking for to get the notice. Although this may be true, Saudi Arabia has not
realized the other spotlight that Silicon Valley is likely to broadcast to the rest of the world as well.
Different corporations and coordinators identify Silicon Valley as the "new Hollywood" (Quinn) and
that there are "personal connection(s) to technology products and services, amplifying the interest
when the industry is involved in an issue" (Quinn). So other than knowing about Sophia and her
citizenship, the rest of the world, being involved in technology, can see how Sophia is a scapegoat of
Saudi Arabia making social change, but are not ... Show more content on Helpwriting.net ...
One to take away from UAE's strategy that Saudi Arabia needs to start implementing now is "social
engineering is better at changing civic attitudes than economics one" (Jones). The changes that were
made allowed for the UAE to have "successful efforts at economic diversification"
(Indexmudi.com).
Otherwise, if Saudi Arabia does not make its necessary societal reconstruction now instead of
pushing it out in the years to come, oil will not be the only thing that is left behind. Switching over
to the United States, in the South, two cities, both in the same predicament at Saudi Arabia and the
UAE. But oil was not the biggest source of income and the human rights issues rising was during
the civil rights era. Birmingham, Alabama, and Atlanta, Georgia were two cities that were
predominant in the racially segregated South. However, Atlanta came to surpass its regional
counterpart, economically. The reason for that was due to the fact that Birmingham was not will to
socially change, its "racial turmoil doomed its hope of regional dominance" (Applebome). Atlanta
saw that in order to have regional supremacy in the southeast, then the change that needed to make
was a change that could create positive within the city and that in return can create economic growth
that was the end goal to reach for. Saudi Arabia will become the past Birmingham as UAE is the
future Atlanta.
In the final analysis, Sophia and having a city filled with other humanoid robots who are seen as
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Relationship Between Entrepreneurship And The Economic...
BUSINESS RESEARCH METHODS
Introduction
This research seeks to establish the relationship between entrepreneurship and the economic
development in Saudi Arabia. Entrepreneurship is the process of managing, organizing and
developing a business venture in a competitive environment that is dynamic (Kuratko 2016 pp3). An
entrepreneur is an inventor, leader, innovator, and pioneer and most significantly, a performer. The
heart of a national advantage is often pegged on entrepreneurship. The operation of an enterprise is
within the entrepreneurship ecosystems that include governmental services and programs that
support startups and operational activities. Non–governmental organizations (NGOs) are also active
in mentoring and advising entrepreneurs to ensure that their efforts and goals are achievable. Naude
(2010, p.108) articulate that the G20 summit held in 2008 highlighted the importance of
entrepreneurship in the world economic development.
Background and Management Problem Entrepreneurship activities support self–employment which
in turn has an effect on the growth of productivity (Audretsch, 2007, p.64). A debate on whether
nations should adopt the self–employment policy or strike a balance is always contented. Italy tried
the self–employment model, and it proved to be inefficient for the development of the economy
(Santarelli and Vivarelli, 2007, p.460). Entrepreneurship also plays a role in the early development
of industries. It increases productivity through
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The Precarious Relationship between the United States and...
In the 1940's the United States brought on wave of globalization that ravaged Western Europe. Fast
forward to 1979, and the United States is taking advantage of the fear drummed up by the Iranian
Revolution in order to secure its influence in Saudi Arabia. Saudi Arabia since then has seen a rise in
chronic illness that can be directly tied back to the presence of the United States in this area. After
1979 there was a significant spike in diabetes in Saudi Arabia; it can be argued that increased
American influence within the Kingdom is directly responsible for this rise in diabetes. Saudi
Arabia's fear after the fall of Iran in 1979 is two–fold. In the South Eastern part of the country there
was a large Shia population that they feared would take up arms against the current regime. In
addition, Saudi Arabia had no military, while Iran had a huge force. From looking at a map, it is
evident that Iran and Saudi Arabia are only separated by a few miles. This is one of the major
reasons that Saudi Arabia bought the access to nuclear weapons from Pakistan; they would look like
more of a threat to Iran. Added U.S. presence brought with it culture that would penetrate the native
culture and become intertwined with it. US intervention in Saudi Arabia is crucial in the rise of fast
food and the development of chronic diseases such as diabetes and obesity there. The fast food
culture of United States can be linked to the increasing industrialization of food1. This change
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Economic Development Case Study
Entrepreneurship assessment strategies for Economic Development: Developing an implementation
case for Kingdom of Saudi
1.Introduction
Entrepreneurship is an extremely important aspect of the modern economy. Entrepreneurship entails
improving business and the development of areas that are good for a business, people and the
overall economy of a country (Galindo, & Méndez–Picazo, 2013). Since the need for
entrepreneurship has been widely discussed and proven through research (Isenberg, 2010; Khan,
2016; Rahman, 2014), it is important to focus on the frameworks that can positively influence the
structure of the country's economy.
The economy of Saudi Arabia is centered on oil hence entrepreneurship has also tended to be
focused on oil and ... Show more content on Helpwriting.net ...
The second set of literature sources was to provide information about Saudi Arabian
entrepreneurship status. Gaps in the Saudi Arabian entrepreneurship ecosystem were identified and
proposed improvements were recommended for implementation in Saudi Arabia.
4.Entrepreneurship ecosystem in Saudi Arabia
Development of an entrepreneurship ecosystem is the need of time. The idea is to generate a field
where the growth of entrepreneurs and their respective firms is triggered and positively enhanced by
support. Although this is a very complex area and requires support and collaboration of many
business firms and law bodies, but the implementation of such an environment can provide a way to
keep the chain of entrepreneurship well sustained in Saudi Arabia. The term entrepreneurship
ecosystem is an innovation in itself. It implies the use of collaborations and business ventures for
achieving long term business success and sustenance of the job market for the locals. Shaping the
economy could perhaps not be achieved in a better way than the development of a sound
entrepreneurship network.
The definition of entrepreneurship given by Zimmerman (2007) (cited by Khan 2016 p. 68) is "the
recognition or creation of an opportunity, coupled with action by an individual or group of
individuals...". This leads to sustainable business ventures (Ibid.). The six
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Poverty : A Economic Disparity Between The Rich And Poor
An impoverished nation forms when there is great economic disparity between the rich and the poor.
Adam Smith reflects on the income gap in his quote: "No society can surely be flourishing and
happy, of which the far greater part of the members are poor and miserable." Due to Saudi Arabia's
vast oil wealth, there is a large amount of the population who live well and fruitful, but more than 20
percent of the population lives in crippling poverty (Baker, 2013). Poverty is usually defined in
either absolute or relative terms. Absolute poverty refers to the standard of living, which is reflected
in satisfying the needs for basic survival (Rahim, Abidin, Ping, Alias, and, Muhammad, 2014).
Relative poverty is reflected in the income gap between the rich and the poor (Rahim, et al., 2014).
The study of poverty is often linked to globalization, and the effect of globalization on the world's
poor is highly debated (Rahim, et al., 2014). This paper will discuss the overall effects of the income
gap, both positive and negative views of globalization on poverty, and an analysis of Adam's Smith
quote in relation to the income differences between the rich and the poor. The gap between the
wealthy and the poor citizens of a country has an influence on the health, wellness, and overall
economic growth of a nation.
Saudi Arabia Economy Saudi Arabia has developed into a wealthy nation over the last 30 years due
to the export of oil to other countries around the world (Sullivan, 2013). The
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The Crisis Of The Global Oil Crisis
The global oil prices have fallen sharply since the second half of 2014, which has led to a series of
economic problems. Oil prices have been stable from 2010 until mid–2014, remaining at around
$110 a barrel (BBC News). However, prices showed a sharp decline since June 2014 and have been
more than halved now (BBC News). Brent Crude oil is priced below $50 a barrel and US crude is
dipped down to below $48 a barrel now (BBC News). Oil prices shock is making the whole oil
industry straggling. In particular, oil producing and exporting nations including Russia, OPEC
(especially Venezuela and Saudi Arabia), and United States are the major victims in the oil prices
shock. They are suffering from a fallback in their economy development due to the significant
revenue shortfalls. Russia is suffering from a significant economy recession (BBC News). Brad
Plumer points out that economy in Russia is "facing a potential meltdown"; Venezuela is "facing
unrest" and "may default on its debt"; and Saudi Arabia will face heavy pressure if the price remains
low even it has prepared for the shock (par. 7). Nonetheless, low oil prices are welcomed by oil
importers like Europe, Asian countries, especially China, Japan, and India because they can pay less
for oil. Europe's flagging economies are characterized by low inflation and slow growth, receiving
0.1% increase in economic output when a 10% fall happened to oil prices (BBC News). China, the
largest net importer of oil is surely benefiting
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America's Kingdom And The Narrative Of Empire Analysis
America's Kingdom and the Narrative of Empire The story of Arabian American Oil Company
(ARAMCO), the United States, and Saudi Arabia is a tale that has been told countless times
throughout the history of mankind. ARAMCO is another chapter in the endless saga of empire and
global capitalism that has spread around the world with the aid of multinational corporations over a
period of several centuries. Many of the techniques used in Saudi Arabia beginning in the 1930s
were similar to practices used throughout history as empires expanded and a global economy was
formed. Aside from the adoption of several "exceptional" policies in their relationship with Saudi
Arabia, ARAMCO continued trends of capitalism established long before the movements towards
empire and national economy ... Show more content on Helpwriting.net ...
Lenin as the third stage of capitalism, as capital and money came pouring into the region through the
hands of ARAMCO and the United States. This was a natural phenomenon, which ultimately made
ARAMCO into an imperialist corporation based upon the notion that "imperialism is the monopoly
stage of capitalism." ARAMCO's imperialist actions granted the United States access into the
Middle East to protect the largest American investment in the world, and "ARAMCO in turn was the
mechanism through which the United States secured what the policy makers liked to imagine was
control over the world's single largest untapped source of a vital resource, oil." Imperialism for
governments was the same practice used throughout the world; the British East India Company gave
control over the region to England, and the United Fruit Company gave some control to the United
States over Central and South America. Many of the actions done by ARAMCO were practices that
had been employed for centuries by other international companies, but Saudi Arabia required
adaptation of policies specific to its region when dealing in international
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Essay On Globalization And Trade Opportunities
Topic: Globalization and Trade opportunities
General Purpose: To Inform
Specific Purpose: To inform my audience about the opportunities brought by globalization when
trade is concerned.
Thesis: Globalization trade opportunities as the world has become closer and tied in client demand
and supply structures.
Introduction:
Distinguished Guests, Colleagues, Ladies and Gentlemen: As–salamu alaykum. It is an honor and a
privilege to join you at this meeting, and to reflect with you on trade opportunities between our two
companies. With trade flows between our countries growing at an unprecedented rate, the timing of
your visit could not be better. Indeed, for many years, people have been buying and selling to one
another from all corners of the world. It is impossible for any country – rich or poor – as its
economy grows, to stay away from a global market where free trade and free movement of capital
are pivotal to a strong economy. As a matter of fact, trade and investment increase job opportunities
all around the world, and foreign money that comes into our companies may result in access to
wider markets. From trade opportunities to investment, the world has become closer, and tied in
client supply and demand structures. Therefore, it's important to acknowledge how important this
meeting is for our two companies. Today, I will address the three main arguments for trade
opportunities, client supply and demand structures in this globalization era, and how instrumental
they are in a company's growth.
Key points:
First, I will discuss globalization and investment in the context of our venture
Second, I will discuss trade opportunities
Finally, I will discuss client supply and demand structures
I stand before you today as a representative of our company. As you know, globalization has enabled
increased levels of investment. It has made it easier for businesses to attract short term and long–
term investment. And as a company specialized in construction materials, our goal is to expand our
distribution network to new countries such as Saudi Arabia – the largest economy in the Middle
East. We are looking for a Saudi partner to embark in a joint venture. There are several agreements
ratified by the United States to
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Protests: The Sunni-Shia Relations In Saudi Arabia
The Arab Spring That Never Was In 2011, parts of the Arab world were overtaken by a wave of
protests and demonstrations that occurred as a result of the anger and resentment that the people had
towards the authoritarianism of the government. These people resented the lack of political and
social freedoms and economic opportunities that was being offered. In response to this, the citizens
of Egypt, Tunisia, Yemen, and Libya were able to overthrow their regimes. Syria and Bahrain dealt
with civil wars of which Bahrain was able to crack down on, while Syria is still dealing with major
civil unrest six years later. Major protests broke out in other Arab nations, such as Iraq, Jordan, and
Sudan. Saudi Arabia, on the other hand, only dealt with ... Show more content on Helpwriting.net ...
This article focused more on how the survival of a regime relied on the willingness of the military to
defect and low levels of social mobilization. Because the levels of unrest and turnout was too large
for the police to handle, the military was sent out in order to control the masses. In general, the
military has three missions; to defend its country, maintain security and order, and to maintain their
own institutional interests. Militaries that were organized along institutionalized lines were less
likely to shoot at citizens (such as in Egypt and Tunisia) than militaries organized along patrimonial
lines and therefore are more invested in the survival of the regime (such as Syria, Bahrain, Libya,
and Saudi Arabia). (Bellin 2012) As a result, the military in Egypt and Tunisia are more likely to see
their regimes fall which is exactly what happened during the Arab Spring. Also, in Saudi Arabia
levels of social mobilization were extremely low and so was access to social media and more liberal
television compared to other countries, so therefore they were not able to meet the second condition
that allowed for the Arab Springs to be more successful in all these other
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Saudi Arabian Economy : An Introduction
Outline
Saudi Arabian Economy – An Introduction.
Initiatives taken by Government of KSA to Promote the Trade and Foreign Investment.
Saudi Arabia and the WTO.
Saudi Arabia and Foreign Direct Investment (FDI).
Appendix
List of References.
______________________________________________________________________________
Saudi Arabian Economy – An Introduction
Strong economic statistics and prosperous strategic financial positioning in the international market
is the corner stone of any country's international strategic positioning. Kingdom of Saudi Arabia, the
third largest country of Asia after China and India, with population around 22 million owns a strong
economic prosperity The growth of Saudi Arabian economy has been accelerated manifolds during
second part of twentieth century. This nation building phenomenon is fortified with oil revenues
segregated through the modernized institutes of establishment. Demographic studies reveal that with
3% population grown the Saudi folks will be doubled by 2020 and 65% of the total will fall in the
ambit of less than twenty–five years. Following these demographics, stake holders are paying
special attention in the education sector, healthcare facilities, infrastructure, and industrial and
agricultural development. They have ample oil revenue that they are investing in these sectors.
However, they have also considered domestic price for telecommunication, electricity and power
and petroleum products with the intent of
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The Kingdom Of Saudi Arabia
In Saudi Arabia I am sure that there is probably more than one language spoken there but the
number one language is Arabic. Did you know that the Kingdom Of Saudi Arabia has that biggest
continuous desert, in the world. Saudi Arabia is a country located in the Middle East surrounded by
water, and desert. Saudi Arabia is also known for being the 15th largest export economy in the
world. Saudi Arabia is an amazing country. And I hope you enjoy these pages filled with more
wonderful facts about the Kingdom Of Saudi Arabia. Because Saudi Arabia is such a wonderful
place to live it is well populated with 28,160,273 people living there. Education is important to
Saudis that live there. In the education process kids go to 2 years of ... Show more content on
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Saudi Arabia tends to reach super high temperatures. In the summer more than 100 degrees
Fahrenheit each day. In Saudi Arabia sand deserts stretch for miles upon miles. With the sandy
deserts when wind picks up they have some of the worst sandstorms. Bordering countries like Iraq
and Oman have some of the same weather. With the intense heat the people still are not allowed to
wear anything that snows any part of the body. Modesty is up most importance in Saudi Arabia.
Clothing is always modest. In Saudi Arabia modesty is of utmost importance. Men usually were is a
thobe ( an ankle length garment that is worn over long pants) and a amamah or ghutra. The
amammah is a headdress and a ghutra is a headdress is a headdress for special occasions.then they
were a bisht (cloak). Women were a face covering veil and a abaya or black cloak over a tailored
dress or jeans and a t–shirt. Tight fitting or revealing clothing is not allowed in Saudi Arabia. Saudi
Arabia is the 15th largest export economy on the Earth. Saudi manufacturers Oil, Petroleum, and
Natural Gas. Their economic strength is one of the coolest things about Saudi. They export a lot of
what they make and make a lot of money doing it. They also export special and normal Vehicles
around the Globe. Saudi Arabian history is pretty cool since one major event just happened in
August of 2015. It was about women
... Get more on HelpWriting.net ...

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Unemployment And Its Effects On Society

  • 1. Unemployment And Its Effects On Society Problem Statement Unemployment is a very important problem that it is not only an economic issue, but it is related to the social and political issues. Increasing the level of unemployment will decrease the level of Keynes' effective demand that is going to increase the investors' uncertainty and less investments will take place. As a result, the economy as a whole will move from recession to depression and the unemployment is dramatically increasing. On the other hand, unemployment has a direct impact on society in a variety of negative ways. A lot of studies found that the level of crimes and drug users is high among unemployment citizens. The unemployed may consider crime as an alternative path to earn money. Finally, the high level of unemployment, in most cases, could lead to instability in the political system due to protest against the existing political system. In conclusion, unemployment is a complex issue that needs a lot of work to solve it. The full employment economic society is a precondition behind economic stabilization and prosperity. This dissertation takes the position that relying on the private sector to solve the problem of unemployment is historically not possible. Therefore, the government intervention towards solving the problem of unemployment is necessary. The government's responsibility is filling the gap of unemployment by investing in projects that are usually not handled by the private sector due to small margin of profit and high level of ... Get more on HelpWriting.net ...
  • 2.
  • 3. Relations Between Saudi Arabia And Trade Relations With China I. EXECUTIVE SUMMARY This report elaborates the steps and procedures for setting up a business in Kingdom of Saudi Arabia while maintaining the trade relations with China. Saudi Arabia 's exchange with China could surpass $60 billion by 2015, given that the target of $40 billion by 2010 was reached in 2008. Amid 2003– 2008, the China–Saudi Arabia exchange enrolled yearly development rates of 30% to 50%. In 2008, respective exchange surged by 64.7% to $41.8 billion, well in front of the objective set in 2006. Exchange between the two nations added up to $12.71 billion in 2009, hit generally by the global economic crisis. (Economywatch ,n.d) On this note, this report analyzes the international business situation including the economic, ... Show more content on Helpwriting.net ... Promotional activities, projected income statement and balance sheet for the first year is also shown at the end of the report. Planned growth of the proposed business, including the financial resources is described at the end of the report. http://www.economywatch.com/world_economy/saudi_arabia/export–import.html II. INTRODUCTION The purpose of the report is to make an International business plan. The type of business discussed through out the report is a medium scale business. The products include mainly electrical Equipments. The country selected for doing this business is Kingdom Of Saudi Arabia. One of the main reason to choose Saudi Arabia to start up this business because of the overall ease of doing business including the tax systems and geographic location which will be later discussed in this report. The city chosen is Dammam, which is the industrial city of Eastern Province, Saudi Arabia. The main idea behind choosing this division of products is due its increased consumption in the industry. Industrial sector in Saudi Arabia has been tremendously increasing with growing number of industries. Dammam being a hub of industrial and residential region attracts lots of customers. This business will be done through partnership with a Saudi National and in contracts with the Saudi government. Though the Saudi National holds ... Get more on HelpWriting.net ...
  • 4.
  • 5. Saudi Arabia And Iran Relations Essay Saudi Arabia and Iran are two countries that sit on opposite sides of the Sunni/Shiite divide, which can be argued as being the most prominent issue the Middle East faces today. Saudi Arabia is predominantly known to be a Sunni state, while Iran is largely inhabited by Shia Muslims. Both countries aspire to be the hegemonic powers of the region. Ethnically, Iran is known to be a Persian land, unlike Saudi Arabia that is known to be in the heart of the Arab world. These two countries are separated by the Arabian Gulf and throughout the twentieth century and up until today, the relationship between the two countries has been notoriously contentious. Within the past few years especially relationships between the two states have been very fragile with Saudi Arabia ending diplomatic ties early in 2016. The two states are strained over many issues of which are, interpretations of Islam, oil export policy and hegemonic regional leadership. The current relationship between Iran and Saudi Arabia is contentious and competitive, however it can be said that it has improved since the twentieth century when the two countries engaged in direct conflict. The two countries have a very similar political agenda, which they use religion and faith to fulfill. They use the rally around the flag concept in order to strengthen their political agendas through their religious beliefs. The idea of a Sunni/Shitte divide is not as immense within the country, but there is one. Saudi Arabia is more of a ... Get more on HelpWriting.net ...
  • 6.
  • 7. Impact of OPEC's Oil Pricing on the Petroleum Market Energy resources are essential for national security, technological development, overall contemporary life style, etc. In this respect, oil is the main source for worldwide economy. Peak oil would imbalance countries' economical situations and may lead to a chain reaction with negative effects on multiple layers. Evidently, there is mutual interest to prevent such a thing from happening but the possibility is nevertheless considered. OPEC's initial goal to ensure stable prices on petroleum markets in order to avoid any negative fluctuations did not always correspond. The organization actually favored inflation more than in one occasion but its influence in controlling oil prices dropped considerably since 1973. It was proven that, having quadrupled the price of oil, OPEC had in its hands the power to inflict economic hurt on the rich countries. (Beenstock 2007, p. 134) Although OPEC does not completely control the oil market today, it nevertheless continues to be influent because its decisions to reduce production may lead to either a decrease or increase of oil prices. OPEC's existence is dependent on the future of oil. Whether or not oil will dominate as the main energetic source for worldwide economy will decide its future. Considering that OPEC's oil has been a vital source of energy during the last half of century, (Khusanjanova 2011, p. 19) and that oil is expected to play a similar role within the next century, we can assume the organization will at least maintain its ... Get more on HelpWriting.net ...
  • 8.
  • 9. The Education System Of Saudi Arabia, Us, And World Economy Report for 2014 states that there are more than 110,000 Saudi students enrolled in American universities. The influx is primarily triggered by the scholarship program introduced by King Abdullah, which allows qualified students to attend higher education in the United States with their tuition fee, school expenses, and health insurance paid for by the government. The same is also attributed by the fact that thirteen of the top universities in the world are in the United States whereas the education system in Saudi Arabia is still in a developmental stage. Accepting international students benefit the Saudi Arabia, US, and world economy. Hence, many US universities have expressed their intention to accommodate Saudi students and to provide ... Show more content on Helpwriting.net ... The second solution is seen as the most feasible of the three. Discussion The conditions in universities accepting international students need considerable attention. The reason students go abroad to study is very clear–through world class education, these students will turn into valuable human assets of their country. They benefit their host country financially, contributing the largest portion of the billions of dollars earned by the US each academic year (Wilson, 2011). Internationalization of students also promote global understanding by adding cultural diversity to campuses, and by facilitating better relations between the US and their home country. On the other hand, completing a four or five–year degree in an unfamiliar environment, and being exposed to an education system that is very distinct from the one they are used to, do not come about easily for the Saudi students. Comparing the Education System between the US and Saudi Arabia The differences in the education system implemented in the US and Saudi Arabia can be best compared by discussing the role of their governments in education, and the academic cultures that the students from these two countries are ... Get more on HelpWriting.net ...
  • 10.
  • 11. Tourism Impact On The Economy, Economy And Environment In... This study addresses the domain of tourism and hospitality practices as well as its positive and negative effects on the economy, culture and traditions, and the environment globally and in Saudi Arabia. It also focuses on the need for more improvement and diversity on the tourism patterns. In addition, the study hopes to provide an understanding of residents' attitudes towards tourism impacts on the culture, economy and the environment in Saudi Arabia. Today, tourism has become a global phenomenon being widely recognized in both regional and national levels. In fact, tourism is considered as one of the fastest growing sectors in the world economy, thereby being viewed as a potential sector in raising tax revenues, providing employment opportunities as well as promoting economic diversity (Khizindar, 2012). Goeldner and Ritchie (2006) indicate that the significance of tourism has increased considerably through educational institutions such as universities as well as media, which are conduits of spreading the concept of tourism and hospitality .For instance, Saudi Arabia is one of those countries in the Middle East, which is determined to promote tourism for growth and sustainability despite belonging to those nations that have historically built their economies on oil and natural gas (Eid, 2012). However, some studies indicate that tourists might have cultural, social, economic and environmental impacts on the local residents. In fact, these recent studies have awakened ... Get more on HelpWriting.net ...
  • 12.
  • 13. Economic Growth And Saudi Arabia Economic Growth in Saudi Arabia Saudi Arabia has an economy that is largely dependent on oil, with the government maintaining the biggest control over the country 's significant economic activities. Saudi Arabia owns about 16% of the global oil reserves and is the number one exporter of oil (Saudi Arabia, 2013). In addition, the Kingdom of Saudi Arabia was instrumental in the formation of the OPEC (Organization of the Petroleum Exporting Countries) group, which initially comprised Iraq, Venezuela, Iran, Kuwait and Venezuela (Energy indicators, 2004). Currently, the petroleum industry constitutes about 80% of the country 's budgetary incomes; about 40% of the country 's GDP and 87% of Saudi 's export earnings. Agriculture, in addition to petroleum products, has been a major contributor to the kingdom's economy since 1970s (Saudi Arabia, 2013). The country has been able to produce enough agricultural products for their consumption as well as surplus for exportation to the GCC member countries. Saudi 's Pattern of Economic Growth Initially, Saudi Arabia was largely a subsistence economy, gaining its revenues from subsistence agriculture and sale of natural resources. The Saudi population was highly dependent on subsistence farming and was very poor, given that climatic conditions in Saudi Arabia are not favourable for food production. However, the situation drastically changed when oil was first discovered in 1930 's. Although a highly sought after commodity, oil prices were ... Get more on HelpWriting.net ...
  • 14.
  • 15. Saudi Aramco Essays Saudi Aramco The largest world supplier oil company is Saudi Aramco. It is the most profitable company on the earth. Since it is the most powerful oil company, it has a great impact on the world economy. As a result, a strong international relationship was built with the Kingdom of Saudi Arabia. In addition, the strong developing of international relationship with other industrial countries resulted in massive contributions to the politics, economy, and many different aspects. In 1933, Saudi government bestowed oil concession to California Arabian Standard Oil Company (Chevron). The main factor for this grant was to explore the oil in the eastern region of the Kingdom of Saudi Arabia. After discovering a huge amount of oil, part of the ... Show more content on Helpwriting.net ... Therefore, the Arab Peninsula was not like other Arab countries which were colonized. Arab Peninsula which eventually became Kingdom of Saudi Arabia remained relinquished with no boundaries. After King Abdul Aziz who was supported by Great Britain united Arabs and defeated the hostiles in quarter of century of severe wars began to search for investments in order to reinforce his economy. He was urging British Petroleum to explore the oil in Saudi Arabia while the British Petroleum company was negotiating with him not for interest but for preventing other companies to enter this area. However, a former British official who had left his service and converted to Islam became a loyal adviser for King Abdul Aziz, John Philby, and so he did a great job bringing foreign companies to the Kingdom. In fact, he was the one who suggested opening a competition among the oil companies. Taking that suggestion, King Abdul Aziz signed a sixty years oil concession agreement with Chevron in 1933 covering the whole eastern region of Saudi Arabia. Faced with such difficulties exploring job, Chevron had to sell 50% of the concession to Texaco. Surprisingly, that area became the richest oil area, and it still is even today. Interconnecting with the USA: It was vital to nationalize Chevron and Texaco due to many factors. First, the two companies were concerned that the Nazi move might come through the Persian Gulf. Another factor was the ... Get more on HelpWriting.net ...
  • 16.
  • 17. Market Analysis : Saudi Arabia Market analysis summary Among the countries in the Middle East, Saudi Arabia contains some of the largest markets with over 27 million consumers and several global enterprises. Saudi society is often described as young, dynamic and affluent which often cause rapid growth in several sectors. It has the world 's 19th largest economy and the region 's highest influx of FDI. Public–private partnerships are not uncommon in the Kingdom which allows many avenues for venture capital funding. Furthermore, public expenditures on education is around 5.8 percent of the country 's GDP which is the highest among the Middle Eastern countries. Although the societies in Saudi Arabia have very different cultural and market norms than Western countries like Canada, the increasingly competitive and deregulated economic environment has proven to be very beneficial for many companies in the private sector. 5.1 Market Segmentation Our primary objective is to meet the local needs for child care services within the 10–mile radius of Riyadh. Since children will be taken in regardless of whether they will be involved on full–time or part–time basis, Canada Expert Daycare will aim to accommodate working couples from a variety of different segments in the market. The Saudi Arabian market for childcare services can be divided into several segments dependent on several factors including education, age and social class. An important factor in determining the purchase behaviour of working couples in Saudi ... Get more on HelpWriting.net ...
  • 18.
  • 19. The United States And Saudi Arabia It's a particularly noteworthy development when oil prices are down by 50%. During the past decade, the price of oil has traveled from $60 per barrel to its peak of $146 during 2009, then in 2015 it fell into a steep decline again to below $50. Since oil is sold in a global market, the increase or decrease of its price has a tremendous impact on all economies throughout the world. This research goes in depth on how the shift in oil prices has affected Saudi Arabia and the US's economies, the world's biggest oil producers. The issue will be broken down to three components; a brief summary of the laws and regulations that possibly affected the change in oil prices, how it is currently affecting the US and Saudi Arabia's economies, and their quest for alternative solutions. The purpose of this research is to analyze how both the United States and Saudi Arabia have been affected and what progressive measures they are willing to take in response to the steep decline of oil prices. Origin of recent decline in oil prices Aside from the 2008 crisis, prices of oil have never been cut in half in a matter of months since 1900 – until just recently in 2014. What might've caused this steep decrease in prices? Well, it appears as though the surge in US oil production had a primary role in breaking the market. Meanwhile, demand had remained fairly stagnant. Extensive federal intervention into the United States' oil and gas markets began back in 1930s and continued well through the ... Get more on HelpWriting.net ...
  • 20.
  • 21. Economic History Of Israel And Saudi Arabia Essay Eytan Davidovits Professor Hill Economics 191 20, March 2015 Economic History of Israel and Saudi Arabia Israel and Saudi Arabia are two countries in close proximity to each other, yet seem to be different in almost every metric. Saudi Arabia has a $744 Billion GDP, while Israel only $290 Billion (The World Bank), yet when breaking the GDP into GDP per capita, Saudi Arabia lags behind Israel at with a GDP per capita of $25, 961 whereas Israel is at $36,051. Israel and Saudi Arabia both became economic powerhouses of the Middle East, while remaining vastly different from each other in terms of their institutions. Their histories are unique, illustrating various ways a country can develop. Israel as a country is quite new, only 67 years old. Israel was founded in 1948 after being given to the Jewish people by Great Britain. Soon after Israel declared independence, all of the pseudo governmental Jewish institutions that were set up during the period under British rule, combined to form government departments. However, due to the state of its economy as well the more socialist leanings of the main political party, in the beginning there was strong government intervention. Following its founding, Israel's economy was jumpstarted through a large amount of foreign aid as well as immigration. Immigration was a pillar of the founding of the Jewish state with Holocaust survivors coming in droves from Europe to Israel. After just three years of it's founding, Israel doubled its ... Get more on HelpWriting.net ...
  • 22.
  • 23. International Capital Flow Directly Depends On A Country... 2.3.2 Fixed Currency Albuquerquw, Loayza, and Serven (2005) have determined that international capital flow directly depends on a country's financial situation and level of development. Abadie and Gardeazabel (2007) agreed that the stock markets are the main source of FDI, it is well known. But foreign firms that have been purchased through the stock market are in desperate need of financial services. This way, as a prospective investor makes decisions regarding his investments, he will be able to take into account the country's financial development and banking development, and determine how such factors will ultimately affect their investments According to Campa (1993) as with all investments, there is always a potential risk ... Show more content on Helpwriting.net ... Consequence, it leads to a rise the imports cost for the Kingdom. Saudi economy has suffered from increasing import prices of food commodities, which constitute about 26 per cent of the index price. It had recorded until 17th March 2008, increasing in food commodities were denominated by dollars of 62 per cent compared to last year. Which is reflected negatively on the balance of payments, as well to a decrease in the value of money earned from exports. That means the double of negative impact of exchange rate depreciation of the dollar. According to study prepared by the Bank (SAMBA), the Kingdom has lost during the period between 2003 and 2004, more than four billion riyals as a result of exchange rate depreciation of the dollar. Based on the adopted standard of SAMBA's report, is expected to reach the sustained losses of the Saudi economy nearly 30 billion riyals, because of the low dollar exchange rate, since 2003 until now (The effects of terrorism in the Saudi economy, 2008). "The level of the dollar is concerned and the decline is impacts the purchasing power of oil producers of OPEC," the Minister of Petroleum and Mineral Resources was quoted as saying, expressing his concern about the dollar's decline. The depreciation of the dollar has contributed to decline the actual value of financial assets of Saudi Arabia at home and abroad. SAMA (Saudi Arabian Monetary Agency) has ... Get more on HelpWriting.net ...
  • 24.
  • 25. The Oil Curse Essay Saudi Arabia is a primarily oil–based economy, with oil being the most important component of the nation's rapid economic development since World War II. U.S. geologists discovered oil in the region in the 1930s, and since exports expanded most notably in the 1960s, production and rich revenues have been seemingly limitless. The amount of oil in Saudi Arabia's reserves amounts to close to a quarter of the world's entire oil resources, and today the country produces about 10,000 barrels a day. As a result, the valuable resource currently accounts for 90% of the country's exports and contributes to 75% of government revenues annually. During the 1970s, following the Arab– Israeli war, Saudi Arabia's economy was one of the fastest growing in ... Show more content on Helpwriting.net ... The nation's inability to shift toward a more liberal state of affairs can be attributed to many factors, three of which in particular, will be examined and discussed throughout this essay: the "rentier effect", the "repression effect", and the "modernization effect". Throughout its history, a series of different dynasties and kings have ruled Saudi Arabia. Today, Saudi Arabia is in the midst of s the "Third Saudi State". It was founded in 1902 by King Abdul Aziz Al–Saud, who conquered the remaining ruling families, and through the Treaty of Jeddah on May 20, 1927, was recognized as an independent realm by the United Kingdom. Since then, the Saud family has ruled the kingdom. The king is the head of state and government and decisions are made through the consultation of senior princes in the royal family ("Third Saudi State"). Saudi Arabia is not an electoral democracy, nor is it considered by Freedom House to be "free", as it scores 7 out of 7 on its freedom scale (1–7, with 7 being "not free"). The Basic Law of 1992 declares that the Koran and the Sunna, which offer guidance based on the deeds and sayings of Muhammad, form the country's constitution. The king appoints the 150 member Consultative Council, which serves as an advisory committee with very few powers ("Majlis Al–Shura (Consultative Council)". Legislation is introduced and passed by the Council of ... Get more on HelpWriting.net ...
  • 26.
  • 27. Essay on Comparative and Absolute Advantage Comparative and Absolute Advantage ECO 561 Alfred Igbodipe 7/24/16 Introduction Due to the differences between the countries in its profitable fundamentals; the International Trade occurs. The contracts between the countries consider as the primary driver of the global exchange. These contracts concluded on the basis of the countries beneficial elements and advantages. Each international trade between the countries depends on numerous focal points of this exchange process. The economics and producers effectiveness measured by absolute advantage for these economics/producers. For example; if the producer needs lesser amount of contributions/inputs to provide specific product, then this producer has an absolute advantage in producing ... Show more content on Helpwriting.net ... The growth rate of the U.S GDP stands at 3.23 percent from 1947 up to 2016(Cuñat & Melitz, 2012). In the international trade, the absolute advantage indicates the ability of the economy to conduct tasks appropriately. The comparative advantage identifies the economy, which produces the goods with the lowest opportunity cost. The United States has an absolute advantage over the technological products and services which are critical. Within the global markets, the U.S has been able to provide tech products and services appropriately. However, it has comparative advantage of offering tech services while the absolute advantage exists in technology design and providing industrial capacity. The U.S is a major exporter in the international markets of products such as civilian aircraft, semiconductors, cars, car accessories, fuel oil, and organic chemicals among others. Such exports improve the U.S's comparative and absolute advantage. China The economic growth rate of China rate grew by 1.8 percent following the measure of economic growth which is the GDP growth rate. The GDP growth rate is one of the adequate economic growth measures. It indicates that the rate expanded 1.8 percent in the second quarter of 2016 increasing from the previous quarter of 1.2 percent growth. It also surpassed the market projections of 1.6 percent expansion (Levchenko & Zhang, 2016). It was the strongest economic growth ... Get more on HelpWriting.net ...
  • 28.
  • 29. Saudi Arabia Case Study The Saudi Arabian marketplace is recovering from a declining price of oil, their number one source of income. Since the price of oil has been declining over the last few years, the oil market and therefore the county has been functioning in a deficit. Since there no personal income tax, the government relies heavily on the oil. They have been trying to get more foreign investors by and they have been doing that by selling bonds, $17.5 billion to be exact. (Kim, 2016) "Saudi Arabia has also started a new strategy dubbed Vision 2030 that aims to break the country's "addiction" to crude." (Egan, 2017) Saudi Arabia is also wanting to invest money in the United States' economy. They did that by recently pledging $ 20 billion for American ... Show more content on Helpwriting.net ... For that reason, the country ranked in 28 in that category. Registering property became more efficient because of the new technology making the process easier for everyone. (The World Bank, 2017) Getting credit ranked 2 out of 12 on the strength of legal rights index. The government also made make an amendment that made secured lending more flexible. The government highly recommend that if you go through an established company like a partnership to get into business in Saudi Arabia, you will have a better chance. When it comes to protecting minority investors the country comes in the middle of the pack. They strengthened the protections of investors by strengthening ownership and control structures of companies and by increasing corporate transparency requirements. Which a great benefit for minority investors. (The World Bank, 2017) Saudi Arabia does not a personal property tax, a benefit to their citizens; because of this, corporations are taxed at a higher rate of 20%. (Trading Economics, 2017) This can pose a problem as the country is needing outside corporations to do business within Saudi Arabia to generate income. The government also made enforcing contracts easier with an electronic filing system, which makes things contracts more accessible and they can be processed faster. When it comes to resolving insolvency, the Saudi Arabia government has made strict deadlines for bankruptcy procedures. (The World Bank, 2017) The ... Get more on HelpWriting.net ...
  • 30.
  • 31. Saudi Arabia Is A Monarchy Built On The Foundation Of Islam Saudi Arabia is located in the region of the Middle East and North Africa with a population of 28.3 million people. Our government is conflicted in regards to a difficult position in the debate over climate change and the proposal to limit our carbon omissions by 15 percent in the next five years. Our country, Saudi Arabia, has the world's largest oil reserves and an economy exclusively centered on the export of fossil fuels. Fossil fuels are known to be the major drives of climate change, thus causing a problematic deliberation for our government. Our country has an arid climate, which is highly vulnerable to the adverse effects of climate change–induced weather and global warming. Our fast growing economy is experiencing a rapid increase ... Show more content on Helpwriting.net ... Each province includes its own council that is responsible for advising the governor as well as dealing with the development aspect of the province. As Saudi Arabia is an Islamic State, our judicial system is based on Islamic Law, with our King being the highest court of appeal (Sims, 2015). Although we believe limiting carbon omissions by 15 percent in the next five years will reduce our oil exports and contribute to a catastrophic decline for our economy, we are willing to consider should there be a national enforcement mechanism. We are willing to pursue international initiatives to contest the issues of climate change, although we are one of the largest oil–producing countries. In order to comply, we demand reimbursement in case of a future offset in losses in oil revenue. We as a country understand the effects of global warming and the fact that our future is deteriorated because of it. However, many of our people do not recognize climate change as an immense issue that needs to be addressed. Many often believe that our climate in Saudi Arabia is tremendously hot already; there is no point in limiting our carbon omissions, as the chance of lost revenue is present. Additionally, with a growing economy, we will not have the ability to maintain sufficient standards of living with possible dwelling oil reserve revenue. With enforced compliance, being one of the richest countries in the world, will attempt to influence the poorer countries to also limit their ... Get more on HelpWriting.net ...
  • 32.
  • 33. Political Economy : A Branch Of Social Science Political economy is a branch of social science. The term of political economy has come from Greek word 'polis' means city or state and 'oikonomos' meaning one who manages a household or state. So we can tell political economy thus can be understood as the study of how a country or household is manage or governed taking into account both political and economic factors (David N Balaan) According to Adam Smith "Politic al economy is a branch of science of a statement or legislature concerned with providing a plentiful revenue or subsistence for the people, supplying the state or commonwealth with a revenue sufficient for public service" So we can tell that political economy is about 1) Regarding to the economy role of the state 2) Interaction between political and economical process. 3) Based on property and wealth, distribution of political power. My topic is the political economy behind good relationship between the USA and Saudi Arabia. So it means the good relationship and behind this what political and economical reason are working. Relationship between USA and Saudi Arabia: The relationship between USA and Saudi Arabia is problematic. The two countries are fully different from one another. One is ultraconservative Islamic absolute monarchy and another is secular democratic republic, but within them have special relationship. The relation began from 1933. The formal president George W Bush and present president Barak Obama have close and strong relationship with Saudi ... Get more on HelpWriting.net ...
  • 34.
  • 35. Market Analysis : Saudi Arabia Market analysis summary Among the countries in the Middle East, Saudi Arabia contains some of the largest markets with over 27 million consumers and several global enterprises. Saudi society is often described as young, dynamic and affluent which often cause rapid growth in several sectors. It has the world 's 19th largest economy and the region 's highest influx of FDI. Public–private partnerships are not uncommon in the Kingdom which allows many avenues for venture capital funding. Furthermore, public expenditures on education is around 5.8 percent of the country 's GDP which is the highest among the Middle Eastern countries. Although the societies in Saudi Arabia have very different cultural and market norms than Western countries like ... Show more content on Helpwriting.net ... Couples with a high level of education in Saudi Arabia tend to give more recognition and awareness of the woman's role in the family. Also, women with higher levels of education in Saudi marriages tend to have stronger influences on purchase decisions and are often willing to pay more for quality, comfort, convenience and mobility childcare services. Age and social class are also important factors to take into consideration when analysing this market. Across the Saudi Arabian market there is a direct correlation between the social status and age of working couples and the preference for convenient goods and services. In particular, as Saudi Arabian women get older in age they tend to seek and prefer products that give them more comfort and a better quality of life. Research has shown that there is a strong sense of cultural unity in Saudi Arabia which means that members of the same social group tend to live in the same area and use services that reflect their social status. In a major city like Riyadh, young entrepreneurial couples in the middle to upper social class will likely gravitate towards the services offered by Canada Experts Daycare since it offers a more convenient and better quality of life. 5.2 Target Market Segment Strategy In order to establish consistent and reoccurring revenue streams, the company needs to establish a client base that is comprised of mainly full–time and some part–time working couples. These ... Get more on HelpWriting.net ...
  • 36.
  • 37. Influence Of Iran Relations On Fdi During Saudi Arabia And... 2.2.2.1 The influence of Iran relations on FDI in Saudi Arabia and Gulf Countries According to economic report of Aleq (2007) "Disagreement between Iran and the West will not hinder the flow of investment to the Gulf" it has been confirmed that the international high tension between Iran and the Western countries not affect the ability of the oil–rich countries (GCC) to attract foreign investment. As a result of the stability of their economies and the high liquidity that they have. It has been stated in this report that, the Gulf region is in high–quality situation and is unlikely to change this condition. If it is believed that there is any risk because of the war in Iran, the projects will be retreated. Many of the foreign capital aim to enter Gulf region for investing and financing, especially from international banks, because of the economic and high commercial growth in these countries (Aleqt, 2007). In addition, it has been mentioned by Aleqt report (2207) that the Gulf States are aspirated by many of the foreign capital, many of international and western banks plan and keen to enter this market in order to finance the growth economic and participate in infrastructure. Gulf states will spend billions of dollars in the coming years. In contrast, in the case of nuclear programs, the development of nuclear weapons didn't affect the attraction of investments in South Korea and other countries. Thus, The Iran's nuclear programs will not affect Gulf States in ... Get more on HelpWriting.net ...
  • 38.
  • 39. Environmental Consequences Of Fracking The various ties between the Organization of Petroleum Exporting Countries and the United States of America has always ebbed and flowed. American–OPEC relations have been strained by events such as the increase in oil prices in 1973 in retaliation of the American support of Zionist terrorists that the U.S. would call "Israel", but now, the various economies of OPEC nations themselves could be under threat. The United States of America has invested more energy and resources into more expensive and more controversial methods of obtaining oil and natural gas such as horizontal drilling and hydraulic fracturing– the latter commonly known as fracking. However, the emerging American industry also poses severe political and environmental consequences. ... Get more on HelpWriting.net ...
  • 40.
  • 41. The Importance Of Marketing In The Saudi Arabia Market Today we are honored to have you all; members, employees, clients and companies, to launch our product and advertise for it in the Saudi Arabia market. Just before getting started, I want to welcome special guests from Saudi Arabia; a dear country, who are participating in this gathering. It is not a surprise from business men who were born in a country that thrives for innovation and advancement, to cross the ocean and bare the fatigue of this long travel to be with us today. Thanks for your presence. Saudi Arabia is illustrious for its remarkable oil production. "Over the last decade, the Kingdom witnesses an average annual increase of eight percent in electricity demand, with the number of subscribers significantly rising by an ... Show more content on Helpwriting.net ... The geographic feature of this country gives the solar energy an advantage over other sources like wind and geothermal power especially that the latter require many wires, cords, and power sources. Solar energy is induced with the help of solar panels. These panels convert the sun's rays into electricity by exciting electrons in silicone cells using the photons of light from the sun. "In other words, sunlight is composed of miniscule particles called photons, which radiate from the sun. As these hit the silicone atoms of the solar panels or cells, they transfer their energy to loose electrons. Then, solar cells need to herd these electrons into an electric current" (Physics. org, n.d.). Consequently, the solar energy needs only sun rays to become beneficial and practical for everyday use. The solar panels' installation isn't complicated at all since there is no need of wires and power sources. This makes installing solar panels in areas where there are no power cables tremendously easy. Having three gigantic desserts in the Saudi Arabia, the government can facilitate the development of these areas through the installation of PV panels. Besides, a very small maintenance is needed compared to unrenewable energy generators. This aspect elucidates that solar energy equipment lasts for a lifetime. Money invested in this domain isn't in vain. Moreover, one imperative aspect of the installation of the photovoltaic cells ... Get more on HelpWriting.net ...
  • 42.
  • 43. Essay on The Global Economy and the Stages of Recovery The global economy and the stages of recovery: As is known, there has been a decline in global GPD growth rates during the last two years due to the global financial crisis which began in August 2007; it is considered one of the most serious crises experienced by the global economy since World War II. According to the latest update to the World Economic Outlook by the International Monetary Fund (January 26, 2010), global GDP growth fell from 5% p.a. in 2007 to 3.2% in 2008, dropping to –.08% by 2009. According to the report, the world economy has begun to expand again, and there have been improvements in financial conditions. It is a significant improvement, but it will still take time to return to where it was in the past. ... Show more content on Helpwriting.net ... As can be seen in the capital markets indexes, the indicators fell sharply throughout the world without exception. This decline led to a loss of confidence among investors. Currently, the capital markets passed their nadir in the beginning of 2009 and the market has started recovering from all–time lows. In addition, investor confidence has improved, while economies remain weak, although growth is expected. The majority have in fact returned to growth, albeit only showing a slight rise. Experts are split into two camps: the optimistic and the pessimistic, with some experts expecting a return of the recession while others anticipate recovery.(Revisiting the global crisis,2009) This table below shows the performance for some capital markets indices over the past three years according to CNBC: 2007 2008 Change (%) 2009 Change (%) DOW JONES INDU AVERAGE NDX 13,246.53 8,776.39 –33.75% 10,428.05 18.82% NASDAQ NMS COMPOSITE 2,652.28 1,577.05 –40.54% 2,269.15 43.89% S&P 500 1,435.65 903.25 –37.08% 1,115.10 23.45% FTSE 100 6,456.90 4,434.17 –31.33% 5,412.88 22.07% DAX 8,067.32 4,810.20 –40.37% 5,957.43 23.85% CAC 40 5,614.08 3,217.97 –42.68% 3,936.33 22.32% HANG SENG INDEX 27,812.65 14,387.48 –48.27% 21,872.50 52.02% NIKKEI 225 15,307.78 8,859.56 –42.12% 10,546.44 19.04% SHANGHAI SE COMPOSITE INDEX 5,261.56 1,820.81 –65.39% 3,277.14 79.98% Saudi Arabia
  • 44. The Saudi economy in 2010: A great number of reports expect an ... Get more on HelpWriting.net ...
  • 45.
  • 46. Saudi Arabia And The Islamic World When it comes to the Middle Eastern continent the most significant and popular country is known as Saudi Arabia. The fact following certain aspects and a shared history with Islamic religion makes it the most well known place in the world for Muslims as well as the entire Arab world. Saudi Arabia lies and covers most of the Arabian Peninsula, inclusive of the Red Sea. The first concrete evidence of human existence in the Arab world takes us back 15000 to 20000 years. Tribes of hunters and gatherers survived on this land, abolishing hunger through wild animals and plants. Over the centuries, the peninsula has played the role in history as an ancient trade center and the birthplace of Islam, one of the most monotheistic religions that exist in the world, even today! Saudi Arabia is not only the homeland of Arabs, but also the homeland of Islam. The Prophet Muhammad PBUH founded Islam in the two holiest places in the Islamic world, Mecca and Medina, which to this day exist within the borders of Saudi Arabia. The Kingdom of Saudi Arabia was founded by King Abdul Aziz in the early 1900's. After establishing Riyadh as his headquarters, Abdul Aziz captured several neighboring areas, including Mecca and Medina, during the time period of 1924 to 1925 and during the process; he united the warring tribes into one nation. Finally, on September 23, 1925, the country was given the name of Saudi Arabia, with Arabic as its national language and its constitution being based on the Holy ... Get more on HelpWriting.net ...
  • 47.
  • 48. Youth Unemployment And Its Effects On The Economy Shaima Saklou Mrs. Lauren Schuberth Mr. Kyle Burkett Level 9 Reading & Writing 22 February 2017 Youth in Unemployment in Saudi Arabia Unemployment is a phenomenon that occur in any country across globe. It considers as very essential topic because its effects on the country. The unemployment rate is one of the most prominent issues discussed today by politicians, news commentators, and economists. Therefore, higher unemployment rate between youth could affect the economy, politics, and other factors. Many countries across the globe spend a lot of time and effort trying to control the rate of unemployment and its growth within the economy. This is due to the fact that increased youth unemployment affects negatively the ... Show more content on Helpwriting.net ... The first one is frictional unemployment which is the result of imperfections in the labor market is very common in all societies irrespective of their stage of development. The second one is the technological unemployment, which is the result of the lack of the skill of labor force and it is considering in the case of Saudi Arabia. Lastly, seasonal unemployment which takes the form of temporary lay–offs experienced through the labor force because the seasonal nature of their employment for instance , farmers are the main issue of this kind of unemployment. As well as, the people who work fundamentally through the Haj pilgrimage season are belonging same type. According to IMF indicates that the unemployment rate among Saudi nationals has reached 12%. The youth male (30%) and females (35%) are particularly affected by the country's unemployment problem. The increasing unemployment rate in Saudi Arabia, specifically in youth, has made it important to understand the causes and impact of youth unemployment as well as investigating solutions. Therefore, this paper is going to investigate the following: – What factors that causes a higher rate of unemployment among youth in Saudi Arabia? – What the impact of youth unemployment in Saudi Arabia? – Why other countries for instance Qatar country has a lower rate of youth unemployment than Saudi Arabia? – What types of polices that Saudi government can do to ... Get more on HelpWriting.net ...
  • 49.
  • 50. Advantages Of Porter's Diamond In the book "Competitive Advantage of Nations" Wearing traditional economic trade ideas and present them to explain economic phenomena of failure. Since then he has developed a new paradigm of competitiveness of the country or industry, which used to describe the "model Diamond" The four determinants of competitiveness of the industry model explains. As labor qualified and infrastructure, such as factors of production, such as the position of (1) the country factor conditions or industry, (2) country or market such as the sophistication of demand conditions customers, (3) the organization of these companies and their circumstances as the nature of domestic rivalry and related industries, and (4) business context. Porter's Diamond Porter, ... Show more content on Helpwriting.net ... The role of Saudi Arabia is such that the government, the government of Saudi Arabia, the GCC countries are integrated so that it should reform its policies against foreign competition is successful and the power of a union. to promote the industry is very effective and excellent in any outside power can significantly affect its economy. GCC single currency can not be achieved by 2010, though as capital resources and the work of a single market for the free movement is reached. Such a union is an economic logic, conditioned by foreign policy, foreign policy and domestic policy does not allow the Union to play an effective ... Get more on HelpWriting.net ...
  • 51.
  • 52. Research Paper On Saudi Arabia Saudi Arabia: The Middle East The Middle East is by no means a westernized area of the world; however there are staple factors that make it seem "democratized." Its legitimacy weary, the Middle East is fantastic at growing its governments based on the Medina Constitution. However, there is one particular area of the world that is both deeply religiously rooted and contemporary at the same time. Saudi Arabia has created the impossible through economic, political, and social legitimacy that not only defies western ideology but is accepted as the most modern version of the Middle East using their economic and religious legitimacy. It can be described as a single tribe full of all chiefs and no Indians and as seen as any other Arab country, only ... Show more content on Helpwriting.net ... An overview of the interaction of these two in Saudi Arabia is complex and prompts the question whether the state controls religion, or religion controls the state. While religion seems to be more influential in the domestic policy territory, the state, along with secular security goals, appears to shape most foreign policy decisions. Religion legitimized the Al Saud's territorial expansions, justifying military conquests "by the religious belief that it was the duty of all true Wahhabis to carry the message of Islam to all peoples who were non–Muslim 'infidels'" (Helms, 1981: ... Get more on HelpWriting.net ...
  • 53.
  • 54. How Is It Different Countries? Sojood Abu–Rayyan Sociology 1101 Dr. Petten, Irene Dec, 7th 2015 How is it to be living in different countries? Every country has their own culture because of national differences and history. Culture can be defined as the values, beliefs and perceptions of a group of people. History, tradition and religion are the main influences on culture. This essay will analyze some of the main aspects of the political systems, economic systems and systems of stratification and inequality in Saudi Arabia and UAE. As a woman living in one county could be totally different than living in another one. Women 's status could be challenging in some countries and could be easy in another. Women 's status in each society and culture differs in different ways around the world. In some societies, women 's status improved progressively, while in other, it dropped or remained unimproved. Saudi Arabia has its own traditions that are carried from an Arab tribal civilization. There are many limitations on the way of living are implemented both legally and socially. The lives of men differ from the lives of women in Saudi Arabia in terms of the political rights that each one has, the job opportunities that each one can get, and the level of education that they have. This happens even though Saudi Arabia is an Islamic country and these inequalities are not endorsed by Islam. In the national law, men have more political rights than the women. Legal rights in Saudi Arabia are intended to be based on ... Get more on HelpWriting.net ...
  • 55.
  • 56. Saudi Arabia Essay Saudi Arabia is the largest free market economy in the Middle East and North Africa, with a 25% share of GDP, and its geographical location provides easy access to export market in Europe, Asia and Africa. It is know that the main income of the Saudi economy is oil, which makes Saudi Arabia rank to be first in the world in oil precaution, oil production and oil exportation to reach 25% of the total wold oil precaution and other natural resources including a large range of industrial raw materials and mineral such as bauxite, limestone, gypsum, phosphate and iron ore. This allow to Saudi Arabia to be a one of the top 20 economic stability in the world. The Saudi construction industry is skyrocketing; it relies on supply of materials that ... Show more content on Helpwriting.net ... The structure of the paper mirrors this, as the following segment considers the structure of work in Saudi Arabia and, specifically, the diverse profession structures existing for Saudi and remote specialists. The segment that takes after takes a gander at abilities and aptitudes advancement. Another segment considers the effect of Saudisation on profession improvement. A last area introduces a few conclusions (Madhi, 2003). the importance of the industrial sector to growth the country Saudi Arabia currently has strong growth indicators, with the industrial sector accounting for about 60% of GDP. The number of employees in this sector does not exceed 21% of the total labor force, while the services sector contributes about 36% of GDP. About 70% of the total labor force in the Kingdom. Hence the importance of focusing on the industrial sector, especially manufacturing industries and small and medium enterprises. However, building the industrial sector is not an easy or quick process. It requires long–term planning, concerted efforts, knowledge and business sharing with experienced people, and a special focus on public–private partnerships. As part of its plans to provide everything needed to stimulate the growth of the industrial sector, the Saudi Ministry of Trade and Industry is ... Get more on HelpWriting.net ...
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  • 58. Social Crisis : The Crown Prince And Saudi Arabia Having Sophia being put into the technological spotlight is just the helping hand the Crown Prince and Saudi Arabia is looking for to get the notice. Although this may be true, Saudi Arabia has not realized the other spotlight that Silicon Valley is likely to broadcast to the rest of the world as well. Different corporations and coordinators identify Silicon Valley as the "new Hollywood" (Quinn) and that there are "personal connection(s) to technology products and services, amplifying the interest when the industry is involved in an issue" (Quinn). So other than knowing about Sophia and her citizenship, the rest of the world, being involved in technology, can see how Sophia is a scapegoat of Saudi Arabia making social change, but are not ... Show more content on Helpwriting.net ... One to take away from UAE's strategy that Saudi Arabia needs to start implementing now is "social engineering is better at changing civic attitudes than economics one" (Jones). The changes that were made allowed for the UAE to have "successful efforts at economic diversification" (Indexmudi.com). Otherwise, if Saudi Arabia does not make its necessary societal reconstruction now instead of pushing it out in the years to come, oil will not be the only thing that is left behind. Switching over to the United States, in the South, two cities, both in the same predicament at Saudi Arabia and the UAE. But oil was not the biggest source of income and the human rights issues rising was during the civil rights era. Birmingham, Alabama, and Atlanta, Georgia were two cities that were predominant in the racially segregated South. However, Atlanta came to surpass its regional counterpart, economically. The reason for that was due to the fact that Birmingham was not will to socially change, its "racial turmoil doomed its hope of regional dominance" (Applebome). Atlanta saw that in order to have regional supremacy in the southeast, then the change that needed to make was a change that could create positive within the city and that in return can create economic growth that was the end goal to reach for. Saudi Arabia will become the past Birmingham as UAE is the future Atlanta. In the final analysis, Sophia and having a city filled with other humanoid robots who are seen as ... Get more on HelpWriting.net ...
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  • 60. Relationship Between Entrepreneurship And The Economic... BUSINESS RESEARCH METHODS Introduction This research seeks to establish the relationship between entrepreneurship and the economic development in Saudi Arabia. Entrepreneurship is the process of managing, organizing and developing a business venture in a competitive environment that is dynamic (Kuratko 2016 pp3). An entrepreneur is an inventor, leader, innovator, and pioneer and most significantly, a performer. The heart of a national advantage is often pegged on entrepreneurship. The operation of an enterprise is within the entrepreneurship ecosystems that include governmental services and programs that support startups and operational activities. Non–governmental organizations (NGOs) are also active in mentoring and advising entrepreneurs to ensure that their efforts and goals are achievable. Naude (2010, p.108) articulate that the G20 summit held in 2008 highlighted the importance of entrepreneurship in the world economic development. Background and Management Problem Entrepreneurship activities support self–employment which in turn has an effect on the growth of productivity (Audretsch, 2007, p.64). A debate on whether nations should adopt the self–employment policy or strike a balance is always contented. Italy tried the self–employment model, and it proved to be inefficient for the development of the economy (Santarelli and Vivarelli, 2007, p.460). Entrepreneurship also plays a role in the early development of industries. It increases productivity through ... Get more on HelpWriting.net ...
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  • 62. The Precarious Relationship between the United States and... In the 1940's the United States brought on wave of globalization that ravaged Western Europe. Fast forward to 1979, and the United States is taking advantage of the fear drummed up by the Iranian Revolution in order to secure its influence in Saudi Arabia. Saudi Arabia since then has seen a rise in chronic illness that can be directly tied back to the presence of the United States in this area. After 1979 there was a significant spike in diabetes in Saudi Arabia; it can be argued that increased American influence within the Kingdom is directly responsible for this rise in diabetes. Saudi Arabia's fear after the fall of Iran in 1979 is two–fold. In the South Eastern part of the country there was a large Shia population that they feared would take up arms against the current regime. In addition, Saudi Arabia had no military, while Iran had a huge force. From looking at a map, it is evident that Iran and Saudi Arabia are only separated by a few miles. This is one of the major reasons that Saudi Arabia bought the access to nuclear weapons from Pakistan; they would look like more of a threat to Iran. Added U.S. presence brought with it culture that would penetrate the native culture and become intertwined with it. US intervention in Saudi Arabia is crucial in the rise of fast food and the development of chronic diseases such as diabetes and obesity there. The fast food culture of United States can be linked to the increasing industrialization of food1. This change ... Get more on HelpWriting.net ...
  • 63.
  • 64. Economic Development Case Study Entrepreneurship assessment strategies for Economic Development: Developing an implementation case for Kingdom of Saudi 1.Introduction Entrepreneurship is an extremely important aspect of the modern economy. Entrepreneurship entails improving business and the development of areas that are good for a business, people and the overall economy of a country (Galindo, & Méndez–Picazo, 2013). Since the need for entrepreneurship has been widely discussed and proven through research (Isenberg, 2010; Khan, 2016; Rahman, 2014), it is important to focus on the frameworks that can positively influence the structure of the country's economy. The economy of Saudi Arabia is centered on oil hence entrepreneurship has also tended to be focused on oil and ... Show more content on Helpwriting.net ... The second set of literature sources was to provide information about Saudi Arabian entrepreneurship status. Gaps in the Saudi Arabian entrepreneurship ecosystem were identified and proposed improvements were recommended for implementation in Saudi Arabia. 4.Entrepreneurship ecosystem in Saudi Arabia Development of an entrepreneurship ecosystem is the need of time. The idea is to generate a field where the growth of entrepreneurs and their respective firms is triggered and positively enhanced by support. Although this is a very complex area and requires support and collaboration of many business firms and law bodies, but the implementation of such an environment can provide a way to keep the chain of entrepreneurship well sustained in Saudi Arabia. The term entrepreneurship ecosystem is an innovation in itself. It implies the use of collaborations and business ventures for achieving long term business success and sustenance of the job market for the locals. Shaping the economy could perhaps not be achieved in a better way than the development of a sound entrepreneurship network. The definition of entrepreneurship given by Zimmerman (2007) (cited by Khan 2016 p. 68) is "the recognition or creation of an opportunity, coupled with action by an individual or group of individuals...". This leads to sustainable business ventures (Ibid.). The six ... Get more on HelpWriting.net ...
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  • 66. Poverty : A Economic Disparity Between The Rich And Poor An impoverished nation forms when there is great economic disparity between the rich and the poor. Adam Smith reflects on the income gap in his quote: "No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable." Due to Saudi Arabia's vast oil wealth, there is a large amount of the population who live well and fruitful, but more than 20 percent of the population lives in crippling poverty (Baker, 2013). Poverty is usually defined in either absolute or relative terms. Absolute poverty refers to the standard of living, which is reflected in satisfying the needs for basic survival (Rahim, Abidin, Ping, Alias, and, Muhammad, 2014). Relative poverty is reflected in the income gap between the rich and the poor (Rahim, et al., 2014). The study of poverty is often linked to globalization, and the effect of globalization on the world's poor is highly debated (Rahim, et al., 2014). This paper will discuss the overall effects of the income gap, both positive and negative views of globalization on poverty, and an analysis of Adam's Smith quote in relation to the income differences between the rich and the poor. The gap between the wealthy and the poor citizens of a country has an influence on the health, wellness, and overall economic growth of a nation. Saudi Arabia Economy Saudi Arabia has developed into a wealthy nation over the last 30 years due to the export of oil to other countries around the world (Sullivan, 2013). The ... Get more on HelpWriting.net ...
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  • 68. The Crisis Of The Global Oil Crisis The global oil prices have fallen sharply since the second half of 2014, which has led to a series of economic problems. Oil prices have been stable from 2010 until mid–2014, remaining at around $110 a barrel (BBC News). However, prices showed a sharp decline since June 2014 and have been more than halved now (BBC News). Brent Crude oil is priced below $50 a barrel and US crude is dipped down to below $48 a barrel now (BBC News). Oil prices shock is making the whole oil industry straggling. In particular, oil producing and exporting nations including Russia, OPEC (especially Venezuela and Saudi Arabia), and United States are the major victims in the oil prices shock. They are suffering from a fallback in their economy development due to the significant revenue shortfalls. Russia is suffering from a significant economy recession (BBC News). Brad Plumer points out that economy in Russia is "facing a potential meltdown"; Venezuela is "facing unrest" and "may default on its debt"; and Saudi Arabia will face heavy pressure if the price remains low even it has prepared for the shock (par. 7). Nonetheless, low oil prices are welcomed by oil importers like Europe, Asian countries, especially China, Japan, and India because they can pay less for oil. Europe's flagging economies are characterized by low inflation and slow growth, receiving 0.1% increase in economic output when a 10% fall happened to oil prices (BBC News). China, the largest net importer of oil is surely benefiting ... Get more on HelpWriting.net ...
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  • 70. America's Kingdom And The Narrative Of Empire Analysis America's Kingdom and the Narrative of Empire The story of Arabian American Oil Company (ARAMCO), the United States, and Saudi Arabia is a tale that has been told countless times throughout the history of mankind. ARAMCO is another chapter in the endless saga of empire and global capitalism that has spread around the world with the aid of multinational corporations over a period of several centuries. Many of the techniques used in Saudi Arabia beginning in the 1930s were similar to practices used throughout history as empires expanded and a global economy was formed. Aside from the adoption of several "exceptional" policies in their relationship with Saudi Arabia, ARAMCO continued trends of capitalism established long before the movements towards empire and national economy ... Show more content on Helpwriting.net ... Lenin as the third stage of capitalism, as capital and money came pouring into the region through the hands of ARAMCO and the United States. This was a natural phenomenon, which ultimately made ARAMCO into an imperialist corporation based upon the notion that "imperialism is the monopoly stage of capitalism." ARAMCO's imperialist actions granted the United States access into the Middle East to protect the largest American investment in the world, and "ARAMCO in turn was the mechanism through which the United States secured what the policy makers liked to imagine was control over the world's single largest untapped source of a vital resource, oil." Imperialism for governments was the same practice used throughout the world; the British East India Company gave control over the region to England, and the United Fruit Company gave some control to the United States over Central and South America. Many of the actions done by ARAMCO were practices that had been employed for centuries by other international companies, but Saudi Arabia required adaptation of policies specific to its region when dealing in international ... Get more on HelpWriting.net ...
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  • 72. Essay On Globalization And Trade Opportunities Topic: Globalization and Trade opportunities General Purpose: To Inform Specific Purpose: To inform my audience about the opportunities brought by globalization when trade is concerned. Thesis: Globalization trade opportunities as the world has become closer and tied in client demand and supply structures. Introduction: Distinguished Guests, Colleagues, Ladies and Gentlemen: As–salamu alaykum. It is an honor and a privilege to join you at this meeting, and to reflect with you on trade opportunities between our two companies. With trade flows between our countries growing at an unprecedented rate, the timing of your visit could not be better. Indeed, for many years, people have been buying and selling to one another from all corners of the world. It is impossible for any country – rich or poor – as its economy grows, to stay away from a global market where free trade and free movement of capital are pivotal to a strong economy. As a matter of fact, trade and investment increase job opportunities all around the world, and foreign money that comes into our companies may result in access to wider markets. From trade opportunities to investment, the world has become closer, and tied in client supply and demand structures. Therefore, it's important to acknowledge how important this meeting is for our two companies. Today, I will address the three main arguments for trade opportunities, client supply and demand structures in this globalization era, and how instrumental they are in a company's growth. Key points: First, I will discuss globalization and investment in the context of our venture Second, I will discuss trade opportunities Finally, I will discuss client supply and demand structures I stand before you today as a representative of our company. As you know, globalization has enabled increased levels of investment. It has made it easier for businesses to attract short term and long– term investment. And as a company specialized in construction materials, our goal is to expand our distribution network to new countries such as Saudi Arabia – the largest economy in the Middle East. We are looking for a Saudi partner to embark in a joint venture. There are several agreements ratified by the United States to ... Get more on HelpWriting.net ...
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  • 74. Protests: The Sunni-Shia Relations In Saudi Arabia The Arab Spring That Never Was In 2011, parts of the Arab world were overtaken by a wave of protests and demonstrations that occurred as a result of the anger and resentment that the people had towards the authoritarianism of the government. These people resented the lack of political and social freedoms and economic opportunities that was being offered. In response to this, the citizens of Egypt, Tunisia, Yemen, and Libya were able to overthrow their regimes. Syria and Bahrain dealt with civil wars of which Bahrain was able to crack down on, while Syria is still dealing with major civil unrest six years later. Major protests broke out in other Arab nations, such as Iraq, Jordan, and Sudan. Saudi Arabia, on the other hand, only dealt with ... Show more content on Helpwriting.net ... This article focused more on how the survival of a regime relied on the willingness of the military to defect and low levels of social mobilization. Because the levels of unrest and turnout was too large for the police to handle, the military was sent out in order to control the masses. In general, the military has three missions; to defend its country, maintain security and order, and to maintain their own institutional interests. Militaries that were organized along institutionalized lines were less likely to shoot at citizens (such as in Egypt and Tunisia) than militaries organized along patrimonial lines and therefore are more invested in the survival of the regime (such as Syria, Bahrain, Libya, and Saudi Arabia). (Bellin 2012) As a result, the military in Egypt and Tunisia are more likely to see their regimes fall which is exactly what happened during the Arab Spring. Also, in Saudi Arabia levels of social mobilization were extremely low and so was access to social media and more liberal television compared to other countries, so therefore they were not able to meet the second condition that allowed for the Arab Springs to be more successful in all these other ... Get more on HelpWriting.net ...
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  • 76. Saudi Arabian Economy : An Introduction Outline Saudi Arabian Economy – An Introduction. Initiatives taken by Government of KSA to Promote the Trade and Foreign Investment. Saudi Arabia and the WTO. Saudi Arabia and Foreign Direct Investment (FDI). Appendix List of References. ______________________________________________________________________________ Saudi Arabian Economy – An Introduction Strong economic statistics and prosperous strategic financial positioning in the international market is the corner stone of any country's international strategic positioning. Kingdom of Saudi Arabia, the third largest country of Asia after China and India, with population around 22 million owns a strong economic prosperity The growth of Saudi Arabian economy has been accelerated manifolds during second part of twentieth century. This nation building phenomenon is fortified with oil revenues segregated through the modernized institutes of establishment. Demographic studies reveal that with 3% population grown the Saudi folks will be doubled by 2020 and 65% of the total will fall in the ambit of less than twenty–five years. Following these demographics, stake holders are paying special attention in the education sector, healthcare facilities, infrastructure, and industrial and agricultural development. They have ample oil revenue that they are investing in these sectors. However, they have also considered domestic price for telecommunication, electricity and power and petroleum products with the intent of ... Get more on HelpWriting.net ...
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  • 78. The Kingdom Of Saudi Arabia In Saudi Arabia I am sure that there is probably more than one language spoken there but the number one language is Arabic. Did you know that the Kingdom Of Saudi Arabia has that biggest continuous desert, in the world. Saudi Arabia is a country located in the Middle East surrounded by water, and desert. Saudi Arabia is also known for being the 15th largest export economy in the world. Saudi Arabia is an amazing country. And I hope you enjoy these pages filled with more wonderful facts about the Kingdom Of Saudi Arabia. Because Saudi Arabia is such a wonderful place to live it is well populated with 28,160,273 people living there. Education is important to Saudis that live there. In the education process kids go to 2 years of ... Show more content on Helpwriting.net ... Saudi Arabia tends to reach super high temperatures. In the summer more than 100 degrees Fahrenheit each day. In Saudi Arabia sand deserts stretch for miles upon miles. With the sandy deserts when wind picks up they have some of the worst sandstorms. Bordering countries like Iraq and Oman have some of the same weather. With the intense heat the people still are not allowed to wear anything that snows any part of the body. Modesty is up most importance in Saudi Arabia. Clothing is always modest. In Saudi Arabia modesty is of utmost importance. Men usually were is a thobe ( an ankle length garment that is worn over long pants) and a amamah or ghutra. The amammah is a headdress and a ghutra is a headdress is a headdress for special occasions.then they were a bisht (cloak). Women were a face covering veil and a abaya or black cloak over a tailored dress or jeans and a t–shirt. Tight fitting or revealing clothing is not allowed in Saudi Arabia. Saudi Arabia is the 15th largest export economy on the Earth. Saudi manufacturers Oil, Petroleum, and Natural Gas. Their economic strength is one of the coolest things about Saudi. They export a lot of what they make and make a lot of money doing it. They also export special and normal Vehicles around the Globe. Saudi Arabian history is pretty cool since one major event just happened in August of 2015. It was about women ... Get more on HelpWriting.net ...