quora
Nobody downloaded yet

International trade between Kuwait and the World - Essay Example

Comments (0) Cite this document
Summary
Kuwait has a population of 2.7 million, about half of the population consists of non-nationals, and its growing rate stands at 1.986%. The country occupies an area of approximately…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.4% of users find it useful

Extract of sample
"International trade between Kuwait and the World"

Download file to see previous pages Petroleum production accounts for almost 95% of export revenues and provides 80% of government’s income (Moore 179).
The rising oil prices around the world have significantly influenced Kuwait’s economic growth. Its government has been keen on reducing the overreliance of oil through the transformation into a regional trading and enhancing Kuwait as a tourism hub (Dianne, Peter, and Nasser 1-15) Kuwait is very active on food imports, vehicles and also construction materials and services. Despite Kuwait’s relatively small population, itis firmly placing itself among the world’s most popular and attractive markets for many leading international franchises. The major motivating factor to these franchises lies on the young, strong shopping and consumer culture and the affluent population that has a great affinity for international brands. It is a suitable destination for retailers around the world seeking to extend their footprint.
Kuwait’s law restricts foreign firms from opening branches solely in the country, but retailers can enter in the market through joint ventures and partnership with the locally incorporated companies (Moore 128). Before venturing into any market, it is always advisable to explore several factors such as the culture of the people, economic overview, geographical factors, religion, living standards, and the people’s responsiveness to international businesses.
Habitants of the Gulf region are not anyhow strangers to conflicts and contradictions. Many are the idiosyncrasies that have shaped the region in both the ancient and the modern times. In the country, there have been contacts with the western countries and most their corporations and these have resulted to a commendable improvement to the region (Dianne 6). It has been through encouragement for better education, increased communication, greater mobility and an improved healthcare. Though cultural conflicts are now minimal, in the past ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“International trade between Kuwait and the World Essay”, n.d.)
International trade between Kuwait and the World Essay. Retrieved from https://studentshare.org/business/1643574-international-trade-between-kuwait-and-the-world
(International Trade Between Kuwait and the World Essay)
International Trade Between Kuwait and the World Essay. https://studentshare.org/business/1643574-international-trade-between-kuwait-and-the-world.
“International Trade Between Kuwait and the World Essay”, n.d. https://studentshare.org/business/1643574-international-trade-between-kuwait-and-the-world.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Has Kuwait Prospered with Western Relations
Has Kuwait Prospered with Western Relations? The country of Kuwait Overview of the Gulf War Why Kuwait Needed Western Aid The Nature of Kuwaiti Alliances The Future of Kuwaiti Relations In Conclusion Has Kuwait Prospered with Western Relations? Introduction After all the bloodshed, strife and horror of the late 1980’s early 1990’s, Kuwait has reemerged as a particularly polished and well-funded nation, especially considering the region.
10 Pages(2500 words)Essay
INTERNATIONAL TRADE FINANCE LAW
Due to these restrictions, there had been the emergence of countertrade and barter trade in the guise of international trade. According to Schmitthof 1 , under the barter system, there is the flow of trade concurrently under spot transaction where there is no association of foreign exchange between two parties or two nations.
12 Pages(3000 words)Essay
The Social, Economic, and Political Situation of Kuwait post Gulf War 1990-1991
The United States came to the rescue of Kuwait and, under the authorization of the United Nations, drove the Iraqis back to their domestic border. This Gulf War, as it is called, affected Kuwait’s previously thriving economy. It caused heavy damage to Kuwait’s oil industry, incurred several war debts and reconstruction costs, and caused the loss of essential foreign workers.
10 Pages(2500 words)Essay
The Socioeconomic Background of Kuwait
The weather is typical of the desert with hot and dry days in the summer (35 -- 49C) and cool in wintertime (5 - 18C). At the end of 2004, the population of Kuwait stood at 2.75 million (Public Authority for Civil Information, 2004) with more than 60% being foreigners working in the oil-based economic sector.
8 Pages(2000 words)Essay
Conduct of Monetary Policy in Kuwait Essay
Real Gross Domestic Product (GDP) grew at an average annual rate of 7.3% between 2003 and 2005, its fastest pace in 15 years, fuelled primarily by higher crude prices and production. The US Energy Information Administration projects Kuwait's 2006 oil-exports at US$40.3 billion dollars, up from US $36.9 billion dollars in 2005.
5 Pages(1250 words)Essay
Iraq Invasion of Kuwait: Gulf War 1990-1991
This paper will seek to provide an account of the invasion of Kuwait by Iraq in the Early 1990s and the reasons behind the aggression by Iraq. It will try to give an answer to the questions: “What were the reasons for Iraq’s attack on Kuwait in the Persian Gulf War of 1990s? What measures did the international community take to tame the Iraq aggression?”
13 Pages(3250 words)Essay
International Business - World Trade
Why do they peruse government tariffs and how do they justify, highlighting what they done and why for this case study, looking also at the strengths). Key issues highlighted by the case study are the various Governments' interest in the economy of the country and its relation to the health of the private and governmental organizations, how the government supports the organisations particularly the civil aviation industry in developing new technologies and giving sops as an encouragement to this industry.
7 Pages(1750 words)Essay
International Trade - World Trade
Much have been written about the factors contributing to the marked growth of trade between the years 1955 and 2004. Several factors have been mentioned and speculated to have contributed to such growth. However, I personally believe that the four factors that may have contributed to the growth in merchandise in world trade between 1955 and 2004 are the following, but not necessarily in order: 1) the advent of and significantly rapid advances in information technology; 2) the reduction of, or, in some cases, elimination of, tariffs; 3) the rise in income cost; and, 4) the fall in transporters.
8 Pages(2000 words)Essay
International Business Environment
But, before confirming such assumption and to see if it could be a new hub for the US's financial industry, it is better to delve into all of the aspects around it to see if Kuwait's potentials could be a reality. Specifically, we would analyze if the economic state and political conditions of Kuwait bred well to become an interestingly good investment environment for US financial services, not discounting other factors like Kuwait's history, development progress, policies, and social-cultural ways along with its international position.
14 Pages(3500 words)Essay
How does the oil play a big role in Kuwait economy
Kuwait's border with Iraq has long been a source of tension between the two countries. Kuwait is mostly comprised of flat sandy desert. Although there are no rivers or mountains, the sandy soil gradually slopes to sea level where coastal marshes, mud flats and salt depressions around the northern part of Kuwait Bay are habitats for many species of birds.
20 Pages(5000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic International trade between Kuwait and the World for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us