The difference between the economy in Qatar and Germany ( personal opinion ) - Research Paper Example

Qatar has a huge natural reserve of gas unlike Germany which depends on other centuries. Oil and gas has diversified the economy of Qatar which gave development in area like chemicals, cement, steel, fertilizer industries and banking. The country largely depends on oil and gas reserve whereas Germany depends on service industry. The 70% of GDP depends upon the service sector. Qatar is a Muslim country and the official language is Arabic whereas the Germany has German as German as official language with no specific religious concentration.

Germany is a highly developed nation and has been a world power since centuries. In comparison, Qatar is a country which has developed in recent years and has no historical value. Qatar is now the riches country in Islamic world and has been a pearl fishing country before its concentration on oil and gas. The country Germany specializes in engineering and specializes in fields like automobiles, metals, chemical goods and machinery. Germany is the leading producer of solar power technology and wind turbines in the world.

The country also holds large international trade fairs and congresses in many of cities like Berlin, Frankfurt and Hanover. In this area, Qatar lacks behind as it is not into engineering sector. In case of production of goods and services the country lags behind. Germany is a leader in manufacturing, educational and service sector while Qatar is only leading in gas and oil supply. Qatar is back in educational system with a very few universities and academies and the population of the country is low in educational standards.

Germany is a renowned car producer with famous brands like Volkswagen, Mercedes Benz and BMW whereas Qatar is a consumer of these classy cars. Germany is a country which huge corporate like Adidas, PUMA, Siemens, Allianz, Daimler whereas Qatar has no huge corporate. Germany is a permanent member of United Nations Security Council while Qatar is not. Germany is the founding member of the EU and also is a part of all international organizations. As per ( Thomas White) “While rooted in its past, Germany is also a cosmopolitan and dynamic country offering something for everyone”.

Qatar is a recently developed country and it is still developing. The country is currently is under “Qatarization” and in which the Qatari nationals are given priority in positions of authority in all large companies. Since more and more Qatari nationals who are educated in foreign countries are returning home they are given preference in occupation. Qatar has a market economy and has much freedom score and is rated 27th freest in 2013 index. It has much improvement in government spending and monetary freedom comparing to other 15 countries in Middle East region and is ranked at 2nd among them.

Qatar’s economy is “mostly free” with stable economic freedom. As per (Heritage) “As reflected in the country’s steady improvement in economic freedom since 2008, the Qatari government has pursued reforms to improve the entrepreneurial environment and broaden the economic base beyond oil and gas”. Although, the country is rich, it has a lack of educated work force in economy. Most of the working population is expatriates from India, Philippines and other South Asian countries. However, Germany as a developed nation has a social market economy.

It is competitive economy which oppresses socialism. In it