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The Threat of an Arab Spring - Assignment Example

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This paper, The Threat of an Arab Spring, stresses that the most important thing that he should be relinquishing some of the enormous powers that the monarch holds over the country. The country is governed through a parliamentary system that is headed by an absolute monarch…
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The Threat of an Arab Spring
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Download file to see previous pages The removal of subsidies leads to an increase in the cost of living which in the long run may become unsustainable. This impact is much felt by the large poor population and especially in economies that are not highly diversified. Take for example Middle East economies that are highly depended on oil exports where even the cost of the oil shoots up even though it is produced there. The high cost of living is followed immediately by lowered standards of living because the purchasing power has been eroded. In the end, the political elite or ruling class has to intervene in order to prevent the collapse of the economy.
The political crises currently being witnessed in Jordan are a necessary evil which is meant to turn around the fortune of the country. In this regards, the necessary political and economic reforms will be brought into the national landscape for a better future. In short, this crisis is the birth of a revolution which is geared to transfer power from the monarch to the parliamentary form of government which currently exists in the country. However, the turnaround of Jordan’s economy is much pegged on political goodwill of the government in place. Much is not expected if the current monarchy headed by King Abdullah II will still continue holding to enormous powers and exercise them in a draconian way.
This rule was geared towards improving and putting in place prudent practices and measures with regards to lending Indonesia. In essence, the booming business of automotive sales in Indonesia is one of the key indicators of economic growth. Putting this law in place, it was largely geared towards clamping and slowing down auto sales which are largely financed through bank loans.  ...Download file to see next pages Read More
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