This website uses cookies to ensure you have the best experience. Learn more

Explain The Factors That Have Led To Rapid Economic Growth In The Gulf States?

543 words - 3 pages

Explain the factors that have led to rapid economic growth in the Gulf States?

When we speak of the Gulf States we instantly associate itself with their vast wealth in the oil sector. Through oil and gas the money generated, much of it is transferred into sovereign wealth funds to invest in projects around the world, which has increased the wealth of the Gulf States by having chunks of business and industry worldwide. This wealth has also given the states the capacity to invest in infrastructure such as airports where for example in Doha from 2008 where the airport had a ten million capacity to 2015 where there will be a 90 million capacity. Qatar, the UAE and Bahrain have invested the most into these projects to increase their global connections and become a knowledge ...view middle of the document...

The creation of free trade zones including the ‘Dubai Internet and Media cities’ and ‘Dubai Knowledge village’ have encouraged big TNC’s to set up businesses with the likes of Microsoft, IBM, and CNN all have offices set up in the Middle East. The government in Bahrain has used the F1 grand prix to gain international status and the 2010 round of WTO world trade talks took place in Doha, Qatar. Investment in infrastructure in Dubai such as the Burj Khalifa, these together have promoted the region globally and brought money into the area. The small Gulf States have been characterised by the investments in education and high quality research. Education is free from primary to higher levels and have created links between their own universities and those of the best institutions worldwide for example Masdar City in Abu Dhabi is supported by MIT. In the rest of the UAE, British and American Universities have outposts including Heriot-Watt, Harvard and NYU. In turn this investment in education has created a skilled and desired workforce again big TNC’s are attracted by this and as a result Foreign Direct Investment has risen sharply in most countries in the Gulf region.

The small Gulf states are large labour importers, with a small indigenous population they are heavily reliant on a imported labour. Thus the region has become a migration hot spot where they exploit the cheap force of south Asian workers from Pakistan and Bangladesh who are creating the Gulf’s dreams for the future a process made simpler through globalisation. The cheap workforce alone means nothing without the access to global markets, with US military intervention in the Gulf, an alliance has been forged which has in turn led to the gulf states having access to these markets leading to exponential economic growth.

Other Essays Like Explain the Factors That Have Led to Rapid Economic Growth in the Gulf States?

Focusing on Just Two External Environmental Areas from the Economic, Social, Political and Legal Environments, Analyse the Key Forces and Trends That Have Taken Place Within These Two Environmental...

781 words - 4 pages the key forces shaping the economical environment is economic growth and decline, which directly impacts changes in income of individuals and countries. Armstrong et al. (2009) suggest that the general trend of changes in income during the period from 1996 to 2005 for the European Union (EU) was upwards. The research conducted by Eurostat (2011) confirms the above in Figure 1 and also suggests that some convergence in living standards took place

The Forces That Shape Scout And Jem’S Growth And Development In To Kill A Mockingbird

1517 words - 7 pages The forces that shape Scout and Jem's growth and development.Harper Lee's critically acclaimed literary masterpiece, To Kill a Mockingbird, set in post-depression Southern America, tells the compelling story of how two men, "Boo" Arthur Radley and Tom Robinson (the real mockingbirds) came to be horribly victimised by a sexist and class-orientated society. "Maycomb was an old town, but it was a tired old tired town when I first knew it." (Page 5

The Major Factors That L to the American Revolution

854 words - 4 pages due to the Currency Act of 1764 (where it took away the colonial assembly’s ability to issue paper money, and retire all paper money already in circulation). If these factors did not intersect the way that they did, a revolt by the Americans over England would probably never have happened. The measures taken by Britain were so oppressive and unjust; unification of the Americans had to happen. One statement like “no taxation without representation” in a pool of unreasonable acts, requests, and actions led to the world changing American Revolution.

“‘It Was the Militant Suffragette Campaign More Than Any Other Factor That Led to the Achievement of Female Suffrage in 1918'''

2195 words - 9 pages sought to change that. One of the biggest ways they sought to change that was on gaining the right to vote. This issue will be my focus for this essay and will also focus on many factors that led to women gaining the vote in 1918. Women decided to fight for the right to vote, and an organisation called the National Union of Women's Suffrage Societies, known as the Suffragists (NUWSS) was formed in 1897 and the Women's Social and Political Union

The Principal Contextual Factors to Have Impacted on the Processes and Outcomes of Employment Relations in Recent Years

3377 words - 14 pages strike back. Some of the contextual factors that have had the biggest influence on all sides of the employment relations are those of economic importance. As mention above, the government has been pushed into reducing spending and benefits. Tax increases have also been present to cut down costs (Shiller, 2013). Major companies have been unable to sustain a long-term growth and prosperity. The inability to invest has led to mandatory cuts in costs

Sexual Assault in the Gulf War

1981 words - 8 pages all have an agenda, I took to a personal interview with a Gulf War veteran of the United States Marine Corps. A cousin of mine, whom surprised me by asking me not to use his real name for this paper, so we will call him “Dean Martin”, served a tour of roughly 13 months starting in the summer of 1990. He spent most of his time while deployed in Kuwait, and managed only to serve that one single tour. His rank was that of Private First Class

Compare and Contrast the Attitudes to Travelling to Paris in Text 1 and Text 2 and Explain the Expectations of Paris that are Conveyed in the Texts

695 words - 3 pages Compare and Contrast the Attitudes to Travelling to Paris in Text 1 and Text 2 and Explain the Expectations of Paris that are Conveyed in the Texts. Text 1, 'Stories are Waiting in Paris' is multimodal text of a transcript for a Eurostar advert. A multimodal text relies on more than one medium, meaning that you not only have to read but listen and watch. This makes it more powerful as it appeals to your different senses, for example the sound

How Were The Reform Movements Of 1820-1860 In The United States Related To The Growth Of Industry And Urban Life?

1068 words - 5 pages Alberto Alonso December 1, 2012A.P. American History Essay #212. How were the reform movements of 1820-1860 in the United States related to the growth of industry and urban life?During the years 1820-1860, America has received a wave of social reformation movements that were in correlation with the growth of industry and urban life. This time period, also known as the antebellum era (time period before the Civil War) brought movements such as

Discuss the extent to which economic growth may benefit an economy

620 words - 3 pages to reduce the environmental impact, due to the fact that the economy will have more money, therefore they may be able to spend this on new, cleaner technologies that will allow for there to be less environmental damage. On the other hand, a potential cost of economic growth would be that it could lead to inflation if there is a large increase in demand, but there is not as much of an increase in supply, this has been seen to happy in countries

Outline Two Factors That Contribute to the Development of Gender Stereotypes and Gender Role Adoption in Children

2669 words - 11 pages Outline two factors that contribute to the development of gender stereotypes and gender role adoption in children. Introduction Gender stereotypes refer to the characterisation of groups based on their basic gender attribute as male or female. The gender-based stereotypes are the simplified evaluations of male and female groups that are shared by the community, a culture, or society. The evaluations usually encompass the attributes of

The Gulf War

370 words - 2 pages to his neighbours. His investment in nuclear, chemical and biological weapons and corresponding delivery systems even prompted a 1981 attack by Israel in an effort to set back his weapons development program. With the expansion of his military, Saddam attempted to gain hegemony over the Persian Gulf Region. In the 1980's he fought a long, bitter struggle with Iran.As a result of the war with Iran and the heavy investment in arms and training

Related Papers

“To What Extent Was Rapid Economic Growth The Cause Of Social Tensions In Wilhelmine Germany?”

1952 words - 8 pages “To what extent was rapid economic growth the cause of social tensions in Wilhelmine Germany?” In Wilhelmine Germany, an industrial revolution was taking place. By 1910, Germany had almost caught up with Britain on the production of industries such as coal and steel, with the rate of growth overwhelmingly surpassing that of the Britons. Germany was also home to new industries, like that of chemicals, which quickly saw 90% of the world’s hair

To What Extent Do You Agree That A Free Market Economy Is The Only Approach To Bringing About Economic Growth

2716 words - 11 pages To what extent do you agree with the view that only a free market approach to running the economy can bring about sustainable high levels of economic growth and development? The basic economic problem is that we, as consumers, have unlimited wants and scarce resources. (Anderton, 2008, p.1) Due to this, the questions of what shall be produced, how it will be produced, and who gets the product, arise. (Sandford, 1977, p.42) Therefore

Economic Factors That Affect Apple In China And Usa

1682 words - 7 pages includes historical data for the United States Inflation Rate. Inflation affects Apple because the high the rate of inflation then the more it costs them to manufacture and market their products. It also means that customers will have to pay more for their products meaning that they may not be able to purchase as many if any products from Apple. Economic factors in china that affect Apple Between 2011 and 2012, China GDP Growth Rate

“If The Freedom Of Home Owners To Make Economic Use Of Their Homes Is Not To Be Frustrated, A Bank Must Be Able To Have Confidence That A Wife's Signature Of The Necessary Guarantee And Charge Will Be...

2037 words - 9 pages Q.4 “If the freedom of home-owners to make economic use of their homes is not to be frustrated, a bank must be able to have confidence that a wife’s signature of the necessary guarantee and charge will be as binding upon her as is the signature of anyone else on documents which he or she may sign. Otherwise banks will not be willing to lend money on the security of a jointly owned house or flat.” Per Lord Bingham in Royal Bank of Scotland v